ATLANTA—Vocalocity, which sells hosted PBX VOIP services and infrastructure applications to small businesses, has raised $4.1 million in series B financing led by TechOperators. Existing investors, Noro-Moseley Partners, Pittco Capital Partners, Imlay Partners and members of Vocalocity’s management team participated in the round.
Noro-Moseley led an $8 million first round financing of the company in October 2007.
Vocalocity currently provides subscription, Internet-based business phone systems for enterprises with fewer than 20 employees.
Vocalocity 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.
Founded in 2003, the company says it will continue targeting small businesses that are looking for a cost-effective and feature-rich business communications system. Leveraging the new funding, the company will accelerate its growth, unveil new features, and extend its application platform.
TechOperators partner Said Moharnmadioun said that Mohammadioun said of Vocalocity’s technology, “It’s a fantastic platform from which to provide a full suite of software-as-a-service applications for the small business market. We see Vocalocity as a way to enable small businesses to compete more effectively. The company has had great success to date.”
Previously on TechJournal South:
Hosted VoIP firm Vocalocity calls up $8M first round
- Vocalocity rings up $3.45M for VoIP business service
- Hosted VoIP firm Vocalocity calls up $8M first round
- Atlanta’s Noro-Moseley leads $6M investment in Florida’s Navitas
- Venture Atlanta names presenters for 2008 conference
- Virginia based Internet phone company raises $5 million
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