Communicado Raises $11.6M

COSTA MESA, Calif. -- SyncVoice Communications, Inc., the leading provider of unified management software for converged communications, announced today that it has changed its corporate name to Communicado to reflect its value extending beyond telephony to improving performance of all types of real-time collaborative communications across converged networks, including voice, video and live conferencing. The name change follows the company's success in raising $11.6 million in Series B financing from SoftBank Capital, Clearstone Venture Partners, and Hummer Winblad Venture Partners. The funding will be used to expand marketing, sales capacity and support for Communicado's strong product demand and extend the scope of its service management platform with additional ecosystem partner integrations.

According to Gartner, the convenience, cost and functional advantages of Voice over IP (VoIP) currently drives $2 billion of $15 billion in total voice infrastructure spending, increasing to $11 billion of $16 billion by 2010.

"The adoption of real-time person-to-person communications will drive the next 20 years of infrastructure change, and Communicado is the company best positioned to manage this change both from an internal IT and service provider perspective," said Stephen Rizzone, President and Chief Executive Officer of Communicado.

Communicado Inc.