VoiceAge Lands $10M Series A Financing
"MONTREAL, Jan. 13 /CNW Telbec/ - VoiceAge Networks Corporation, a leaderin multimedia content adaptation, today announced the closing of Series Afinancing, raising USD$10 million in new capital. BCE Capital (an affiliate ofBell Canada Enterprises) led the round, joined by partners Entrepia Ventures,BDC Venture Capital, and VoiceAge Corporation."
""Mobile multimedia content and rich media applications are becoming asignificant global revenue opportunity for wireless operators and serviceproviders, but a common hurdle that needs to be overcome is the mediaadaptation at the network layer required to ensure device and networkinteroperability", said Joe Catalfamo, BCE Capital Managing Director."VoiceAge Networks has demonstrated leadership in dealing with such contentadaptation issues since 2001, and is extremely well positioned to continue totake market share as it solves this problem for the key stakeholders.""
""VoiceAge Networks is bringing technology innovation that will beinvaluable as carriers introduce IP-based services and multimediaapplications," said Amit Srivastava, President, Entrepia. "The company has animpressive mix of management talent, products, and vision which, combined withtheir Tier 1 clients and global alliances, makes for a very excitingopportunity," added Steven Abrams, Director, BDC Venture Capital."
""Our SPOT xde(R) platform has provided our customers with great increasesin the uptake of multimedia services, which has driven our significantmomentum since spinning off the company from VoiceAge Corp. earlier thisyear", said Jean Mayrand, Chief Executive Officer, VoiceAge Networks. "Withthe help of our strategic partners and a number of commercial deployments, wehave quickly reached a level of maturity that has driven us to entertainexpansion possibilities. This endorsement from our investors is greatvalidation of our recent accomplishments and will allow us to aggressivelypursue and realize our strategic objectives," added Allan Benchetrit, ChiefOperating Officer."
"VoiceAge Networks is a leading solution provider in the emergingmultimedia content adaptation market, a technology that addresses theimpediments to the seamless delivery of mobile rich-media data services."
Read more here.
""Mobile multimedia content and rich media applications are becoming asignificant global revenue opportunity for wireless operators and serviceproviders, but a common hurdle that needs to be overcome is the mediaadaptation at the network layer required to ensure device and networkinteroperability", said Joe Catalfamo, BCE Capital Managing Director."VoiceAge Networks has demonstrated leadership in dealing with such contentadaptation issues since 2001, and is extremely well positioned to continue totake market share as it solves this problem for the key stakeholders.""
""VoiceAge Networks is bringing technology innovation that will beinvaluable as carriers introduce IP-based services and multimediaapplications," said Amit Srivastava, President, Entrepia. "The company has animpressive mix of management talent, products, and vision which, combined withtheir Tier 1 clients and global alliances, makes for a very excitingopportunity," added Steven Abrams, Director, BDC Venture Capital."
""Our SPOT xde(R) platform has provided our customers with great increasesin the uptake of multimedia services, which has driven our significantmomentum since spinning off the company from VoiceAge Corp. earlier thisyear", said Jean Mayrand, Chief Executive Officer, VoiceAge Networks. "Withthe help of our strategic partners and a number of commercial deployments, wehave quickly reached a level of maturity that has driven us to entertainexpansion possibilities. This endorsement from our investors is greatvalidation of our recent accomplishments and will allow us to aggressivelypursue and realize our strategic objectives," added Allan Benchetrit, ChiefOperating Officer."
"VoiceAge Networks is a leading solution provider in the emergingmultimedia content adaptation market, a technology that addresses theimpediments to the seamless delivery of mobile rich-media data services."
Read more here.
 |
For more information, visit www.EvanCarmichael.com. |
0 Comments:
Post a Comment
<< Home