iBASIS Secures Investor Support and Appoints Patrick George as New Group CEO

Lexington, MA – iBASIS, the leading provider of communications solutions for operators and digital players worldwide, today announces that it has secured renewed backing from its existing financial investors, including lead investor Ciclad. This underscores investor confidence in iBASIS’s strategic direction and development perspectives.

Over the past six years, iBASIS has achieved significant external growth, highlighted by seven strategic acquisitions. The recent renewal of its founding contracts marks a pivotal milestone, signaling the start of a new chapter in the company’s position and development within the international communications sector.

In this context, Alexandre Pébereau, Co-Founder, has decided to step down from his operational role as CEO of the Tofane Global Group and iBASIS, but will remain a shareholder of Tofane Global Group and continue to contribute to the strategy of the company as Chairman of the Supervisory Board. The Supervisory Board unanimously appointed Patrick George, Co-Founder and Chief Strategy Officer, as the new Chief Executive Officer of Tofane Global Group and iBASIS. In addition, Roland Haidner, current CFO of iBASIS, has been named General Manager and Group CFO of both companies.

The leadership transition is designed to drive iBASIS through its next phase of growth and innovation within the global communications industry.

Alexandre Pébereau commented, “After founding Tofane Global thanks to investors who believed in us, acquiring iBASIS to become a global leader through significant transformation and success, I believe it is time to pass the leadership to trusted hands as I pursue new opportunities. I am proud of our achievements with the teams and confident in the Board’s direction and in my successor.”

Patrick George, newly appointed Chief Executive Officer of Tofane Global and iBASIS, added, “Maintaining the stability and confidence of our investors and customers is crucial to iBASIS’s growth trajectory. We are aligned with the interests of all our stakeholders—especially our outstanding team of experts globally—and will continue expanding our leadership and delivering exceptional services and solutions to all our customers and partners.”

Nicolas Rostand, Former Chairman of the Supervisory Board, Lead Investor, and Managing Director of Ciclad, stated, “We are deeply grateful to Alexandre for his visionary leadership in building iBASIS into a global leader. This transition leverages the existing management team in a spirit of continuity, highlighting the depth of the talent pool assembled at iBASIS over the past six years. We are determined to continue consolidating the market, where numerous opportunities remain. We have full confidence in Patrick George and the management team to lead iBASIS into a bright future.”