Roger Keenan- Founder

2

Part 1 1991 to 1997Building a global business

Background of Eyretel

Products and services

3

In The Beginning...

4

My introduction to the Market

5

Going Alone

Writing the business plan

● Raising the capital

Starting the business

6

The first few years

The first employee

Raising more capital

Success kicks in

7

Grow, grow, grow...

Moved from garage to first premises in 1993

US JV est. in 1993 Asia JV est. in 1994

Bought out JVs in 1996

8

Strong Company Growth

9syndicat.ppt

Revenue Summary

0

5

10

15

20

25

30

1996/97 1997/98 1998/99 1999/2000

Lanier - £M

Global exc Lanier - £M (1999/2000 based on 9mths annualised)

10

Part 2 1997 to 2003Converting paper into cash

Winning Fasttrack

VC investment

Going Public

Going private/getting acquired

11syndicat.ppt

Average Number of Employees

0

50

100

150

200

250

300

1996/97 1997/98 1998/99 9mths to12/99

R&D+Prof Services Sales & Mktg Gen & Admin

12

What business were we in 1998

Multimedia Recording

PBX

1s 3r0

50

100

1s 3r

Multimedia Analysis“QualityCall”

Finding the needle in the haystack

13

Who were we in 1998

Global - Offices in UK, USA, Canada, France, Germany, Hong Kong, Japan & Australia

Dealer network into more than 80 countries Over 60% of revenues from export Over 180 staff worldwide

14

Some of Eyretel’s clients

Corporate Logos reproduced above reflect Registered Trademarks where such designation has been supplied by the respective Company

15

Eyretel Strategic Alliances and Partners

16

Venture capital investment

September 1998 Apax invests £22.5m for 35% stake

£7m into business – remainder out to shareholders

Hire COO

Meet investment banks late 1999

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Non-Executive Directors

Sir Roger Neville, Chairman— ex CEO, Sun Alliance

Sir Michael Bett— ex Deputy Chairman, BT

Terence Osborne— ex VP IBM & Chairman Dr Solomons

Richard Measelle— ex Worldwide Managing Partner, Arthur Andersen

Dr Peter Englander— Director of Apax and QXL.com

18

Corporate Venturing

19

0

50

100

150

200

250

300

350

April J une August October December February April

(p)

Opening price: 150.0p

High:

297.5p

Low:

61.5p

Share Price

20

International Business Operations

Washington DC

Sao Paulo

France

UK

Netherlands

Germany

Tokyo

Shanghai

Malaysia

Singapore

Sydney

Washington DC

Sao Paulo

France

UK

Netherlands

Germany

Tokyo

Shanghai

Malaysia

Singapore

Sydney

Washington DC

Sao Paulo

France

UK

Netherlands

Germany

Tokyo

Shanghai

Malaysia

Singapore

Sydney

Washington DC

Sao Paulo

France

UK

Netherlands

Germany

Tokyo

Shanghai

Malaysia

Singapore

Sydney

Hong Kong

Boston

Miami

Melbourne

21

Group Revenue Summary

0

10

20

30

40

50

1998 1999 2000 2001 2002

£39.4m$US56.3m

£50.0m$US71.5m

22

The End

Secondary offering Nov 2001

Mid 2002 AGM – Share price slumps to 10p

End 2002/Early 2003 – Meet banks to raise finance to take private

Acquired by Witness March 2003 for $60m