ATEL Ventures Commits $4 Million in Financing to Expanding Communications Company, IntelePeer

SAN FRANCISCO--(BUSINESS WIRE)--ATEL Ventures, a provider of secured financing to emerging growth companies, has invested $4 million in equipment financing to IntelePeer Inc., a leader in hosted on-demand rich media communications. The financing will be used for the purchase and deployment of additional network infrastructure to support the company’s rapid growth.

“Our innovative services drive efficiencies and deliver immediate cost savings to our customers, which has created a surge in demand”

“IntelePeer is leading the charge with the evolution of communications-as-a-service delivered from the Cloud,” said Steven Rea, Executive Vice President, ATEL Ventures. “We have complete confidence in IntelePeer’s ability to succeed in responding to its increased customer demand.”

IntelePeer’s carrier-grade infrastructure handles billions of voice minutes per year, and ensures high-quality service through the company’s redundant global peering network that features direct connections with more than 50 service providers around the globe.

“Our innovative services drive efficiencies and deliver immediate cost savings to our customers, which has created a surge in demand,” said Andre Simone, CFO, IntelePeer. “ATEL’s equipment financing helps us scale quickly to satisfy our customer needs while growing the company in an appropriate way.”

About IntelePeer

IntelePeer, a leader in hosted on-demand rich media communications, enables carriers, businesses and software vendors to easily deliver voice and multimedia capabilities to any phone or network-connected device -- without incurring up-front capital costs. Based in San Mateo, Calif., IntelePeer operates its carrier-grade network carrying more than 8 billion minutes, with worldwide coverage delivered through an IP and TDM peering grid with over 50 leading service provider peering partners. IntelePeer is privately held and backed by VantagePoint Venture Partners, Kennet Venture Partners, NorthCap Partners, and EDF Ventures. Visit the website at www.IntelePeer.com.

About ATEL Ventures

ATEL Capital Group formed ATEL Ventures, Inc. to provide working capital and equipment financing term loans to emerging growth companies in information technology, life sciences, specialty retail and alternative energy. Since its founding in 1977, San Francisco-based ATEL Capital Group has become the largest private and closely held independent leasing company in the United States, with approximately $2 billion in asset-secured transactions under management. For more information contact Steven Rea 415-616-3436, [e-mail] or visit the website at www.atel.com/venture.