Bahrain, 23 November, 2009 - Moneybookers, the technology company owned by Investcorp and its investors in the Gulf and the West, has been named sixth fastest-growing company in the 2009 "Sunday Times Tech Track 100" survey of Britain's private technology firms. The survey identified the 100 companies that are this year's technology growth stars and highlighted ventures that are flourishing as the economy starts to recover.

Moneybookers is the world's largest independent "electronic wallet" provider, and has developed technology that enables private and business internet users to send and receive online payments securely. It links a network of 70 banks in 200 countries and can process payments in 34 currencies, three times more than its nearest competitor, and in twelve languages. It is currently used by more than 10 million people and 55,000 internet merchants worldwide including eBay.com, Skype, MTV and AOL, and its user base is growing by 12,000 new users each day. It has doubled revenue every year for the past four years. Moneybookers was founded in 2001 and has its headquarters in London.

Mr Timothy Mattar, Managing Director and head of Investcorp's placement business in Bahrain, Kuwait, Qatar and Oman, said: "Moneybookers highly deserves this recognition. In less than three years it has grown its earnings from Euro 3 million to a run rate of Euro 24 million today. In spite of the economic climate, Moneybookers has maintained a top line growth of some 40%."

The Sunday Times Tech Track 100 is compiled by Fast Track, an Oxford-based company that researches Britain's top performing private companies.

Investcorp also received further recognition of the success of its Moneybookers investment, as well as of the Firm's successful Utimaco transaction, with the presentation to Investcorp's technology team of the Investor AllStars "Buyout/Development Capital Fund of the Year" award.  The Investor AllStars Awards are regarded as highly prestigious as winners are chosen by a judging panel of leading international investment industry professionals.

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About Moneybookers:
Moneybookers is among the world's leading eWallet providers with more than 10 million account holders.  The simple eWallet enables any customer to make online payments conveniently and securely without revealing personal financial data, as well as to send and receive money transfers cost-effectively simply by using an email address.  Moneybookers' worldwide payment network offers businesses access to over 80 payment options in over 200 countries.  More than 50,000 merchants use Moneybookers' payments service, including global partners such as eBay.com, Skype and Thomas Cook. Moneybookers was founded in 2001 in London and is regulated by the Financial Services Authority of the United Kingdom.

The 2009 Sunday Times Microsoft Tech Track 100 league table has ranked Moneybookers as the sixth fastest growing technology company in the UK based on sales growth.  Moneybookers was also recognised for the quality of its management, international expansion and growth strategy with two awards at the 2009 UK Media Momentum Awards.

For more information, see www.moneybookers.com. You can also follow Moneybookers on Twitter at www.twitter.com/moneybookers 

About Investcorp
Investcorp is a leading provider and manager of alternative investment products. It has offices in Bahrain, London and New York and is publicly traded on the Bahrain Stock Exchange (INVCORP) and the London Stock Exchange (IVC). Investcorp has five lines of business: private equity, hedge funds, real estate, technology investment and Gulf Growth Capital. Founded in 1982, Investcorp has grown to become one of the largest and most diverse alternative investment managers in terms of both product offerings and geography.

Further information is available at www.investcorp.com.  

Media Enquiries:
Investcorp (Bahrain)
Firas El Amine
+973 3998 7838

Brunswick Gulf Ltd
Rupert Young / Jeehan Balfaqaih
+971 4 365 8260

© Press Release 2009