Tuesday, June 17, 2008

TeleSphere that delivers an innovative package of IP telephone service and internet access to business has closed on an additional $10 million

What Company Is Offering:

TeleSphere is a Phoenix-based managed services provider that delivers an innovative package of IP telephone service and internet access to business throughout the United States. TeleSphere’s services allow small to medium businesses to enjoy all of the latest voice and data features of large businesses without the costly investment of on-premise equipment. TeleSphere fully manages its customers’ services over a private IP facilities-based network. TeleSphere customers that are spread across multiple offices throughout the country, from small business, medium business, and even home business, function seamlessly as if they were in the same location.

How Much They Got From VCs:
TeleSphere, a Phoenix-based managed telecommunications and network services provider, announced today it has closed on an additional $10 million of private equity funding. The private investment will be used to continue TeleSphere’s national expansion, including multiple market launches planned for 2008 and 2009.

“The additional funding is an important statement from our investors about their belief that TeleSphere’s technology and service offering are the smart choice in today’s market,” said TeleSphere’s Chief Executive Officer, Clark Peterson. “Customers are seeking the latest in telephone and network services to make them more productive, cost-effective, and to focus more of their capital on their core business -- especially in today’s economic climate.”

More at:http://www.telesphere.com/

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