By Allan Maurer
ATLANTA—Vocalocity, a company selling hosted VoIP services to micro enterprises, has raised $8 million in Series A financing. Noro-Moseley Partners was the lead investor with participation from Pittco Capital Partners, Imlay Partners and Vocalocity management.
The company says it continues to experience exponential growth in providing its voice communication solution to the underserved market of businesses with less than 20 employees.
Vocalocity serves virtually every micro enterprise segment including real estate, financial services, legal and marketing firms.
According to a company spokesman, Vocalocity is hiring and looking for additional office space beyond its current location.
It says its hosted solution offers a trouble-free and straightforward approach to the often complicated process of installing and running a phone system.
Vocalocity’s says its solution improves the efficiency of the micro enterprise while realizing a monthly cost savings of up to 80 percent over traditional phone service with flat rate pricing and minimal upfront capital costs.
“Vocalocity’s world class management team combined with its focus on cost-effectively serving the micro enterprise made this a very compelling investment for Noro-Moseley Partners’ new fund NMP VI,” said Alan Taetle, general partner, Noro-Moseley Partners.
“We could not be more pleased to be partnering with Boris Jerkunica and Phil Hill, two highly successful serial entrepreneurs and co-founders of Vocalocity.”
Vocalocity sells a full set of voice communication tools, including auto-attendant, voicemail to e-mail, follow me roaming, music on hold, simultaneous ring, conference calling and call queuing.
It is as easy to set up and administer as e-mail and with self-configuring VoIP phones and online management, businesses can have a new phone system up and running in minutes, says the company.
“Our commitment to and unsurpassed understanding of the micro enterprise market has allowed us to deliver a service that is being widely adopted by a part of the market that can truly benefit from VoIP,” said Phil Hill, President, Vocalocity.
“We’re excited to help our customers succeed by providing them with a voice communications solution that has the same features and benefits enjoyed by a Fortune 500 company at a fraction of the price.”
The company was founded in 2003.
On the Web: www.vocalocity.com
Related Stories:
- Vocalocity rings up $4.1M B round for VOIP services
- Vocalocity rings up $3.45M for VoIP business service
- Charlotte-based Adaptivity blueprints $7.2M first round
- Internet-phone consumers soar
- Telchemy releases latest VoIP technology
© 2007, TechJournal. All rights reserved.
