StarVox has raised $9 million in its first round of financing

October 19, 2005

2 Min Read

SAN JOSE, Calif. -- StarVox Communications Inc.(StarVox), a facilities-based next generation Infrastructure and Applications Service Provider, announced today that it has raised $9 million in its first round of financing led by Novus Ventures, Trinad Capital Master Fund and Deutsche Suisse Asset Management. The funding will provide StarVox with working capital to substantially expand its base of both wholesale and retail customers through internal growth and acquisitions.

StarVox is a business focused VoIP service provider that provides the call quality and reliability of traditional phone companies at significantly lower costs and with substantially greater functionality. The Company achieves this level of quality by using a VoIP network composed of redundant softswitch sites connected over a private IP VPN network backed up with a diverse MPLS-based ATM backbone.

“StarVox is a leader in providing the new IP-based phone services that businesses are now adopting,” said Dan Tompkins, managing partner of Novus Ventures. ”We see tremendous growth for services like VoIP Trunking due to the overwhelming economics available to business sites that migrate to this solution.”

“With the success of companies like Vonage in migrating residential users to IP-based phone services, the opportunity now exists to migrate large numbers of business sites to business class versions of these services,” said Neil Danics, portfolio manager of Deutsche Suisse Asset Management. “StarVox has the business class VoIP network and VoIP application expertise to deliver these services.”

“A significant shift of business sites to IP-based phone services will take place in the next few years,” said Lynda Starr, principal analyst at Frost & Sullivan. ”Companies like StarVox that have both designed high quality / high reliability networks and have in-house expertise on the enhanced services needed by business sites using these networks, are well positioned to take advantage of this shift.”

StarVox Inc.

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