MCLEAN, VA, BIA Digital Partners II LP, a private investment firm focusing on mid- to later-stage companies, announced an investment of $7.5 million in Global Telecom & Technology, Inc. in June that allowed the Company to acquire UK-based PacketExchange.

Global Telecom & Technology is a global telecommunications carrier and leading network integrator serving the data communications needs of large enterprise, government and carrier clients. GTT combines their own network assets with the networks of over 800 suppliers worldwide to deliver cost-effective, scalable solutions supporting each client's unique requirements. PacketExchange was a leading provider of customized Ethernet network solutions for businesses.

The acquisition provided GTT with greater business scale and a combined customer base of over 1,200 worldwide clients, as well as an expanded portfolio of data services. The purchase price was funded primarily through a subordinated debt facility provided by BIA and senior facilities provided by Silicon Valley Bank. BIA has committed additional amounts for future acquisitions as well.

About BIA Digital Partners

BIA Digital Partners is a private investment firm, managing approximately $280 million. Financing is available for acquisitions, organic growth, recapitalizations and leveraged/management buyouts among other purposes. BIA Digital Partners maintains a focus on mid- to later-stage companies operating in the media and entertainment, telecommunications, information, education, business and consumer services industries. Investments generally range from $5 to $15 million and are typically in the form of subordinated debt with warrants or preferred equity. For more information, visit www.biadp.com.

About Global Telecom & Technology

GTT is a global telecommunications carrier and leading network integrator serving the data communications needs of large enterprise, government and carrier clients in over 80 countries. We combine our own network assets with the networks of over 800 suppliers worldwide to deliver cost-effective, scalable solutions supporting each client's unique requirements. Through our proprietary Client Management Database (CMD), GTT provides streamlined service design and quotation, rapid service implementation, and global 24x7 monitoring and support. GTT is headquartered in the Washington, DC metro region with offices in London, Dusseldorf, and Denver.