IBasis

Type	Private
Industry	Telecommunications
Founded	1996
Founder	Ofer Gneezy and Gordon VanderBrug
Headquarters	Lexington, Massachusetts
Services	International Voice Services, Value-added Mobile Data Services
Revenue	1.2 Billion USD (2010)
Number of employees	370 (2008)
Parent	KPN N.V.
Website	www.ibasis.com

Based in Lexington, Massachusetts, iBasis is a wholly owned subsidiary of Royal KPN, N.V., the Dutch incumbent telecommunications carrier. iBasis is a wholesale carrier of international long distance telephone calls, with enhanced services for mobile operators, and a provider of retail prepaid calling services. In Fiscal Year 2010, iBasis had total revenues of $1.2 billion, carried approximately 24 billion minutes of international voice traffic, and employed approximately 370 people.

More than 1,000 mobile and fixed line telecommunications carriers and service providers worldwide outsource some or all of their international voice traffic to iBasis. It is one of the largest carriers of international voice traffic in the world. iBasis customers include many of the world’s largest carriers, mobile operators, and emerging service providers including Verizon, Vodafone, VSNL, China Mobile, China Unicom, IDT, Qwest, Skype, Telecom Italia, and Telefonica.

The company also offers online pre-paid international calling services to business and consumer customers through a product called Pingo.

iBasis was founded in 1996 by Ofer Gneezy and Gordon VanderBrug to provide wholesale international long distance services to carriers using Voice over Internet Protocol (VoIP) technology. It held an initial public offering in November 1999 and was ranked the No. 1 fastest growing company in New England for 2000, 2001 and 2002 by Deloitte & Touche.

In October 2007, iBasis acquired KPN Global Carrier Services, the international voice business of KPN, the national carrier of the Netherlands. KPN became a majority stockholder of iBasis as part of the transaction. The combined entity carried nearly 24 billion minutes of international voice traffic in 2007.

According to international telecom research firm TeleGeography, that resulting traffic made the new iBasis one of the three largest carriers of international voice traffic in the world, handling a volume roughly equal to AT&T’s international voice traffic and behind worldwide leader Verizon.