DigitalFX Makes Investment in Fusion

fusion_logo.jpgDigitalFX announces that it has made a $700,000 investment in Fusion Telecommunications that is furthering DigitalFX's global expansion efforts and creating the first of many synergistic relationships that, among other benefits, combine Fusion's superior VoIP with DigitalFX's superior streaming video and online digital communication capabilities.

DigitalFX offers its flagship product called "The Studio" to individuals, enterprises, and social networks giving them the ability to easily create, upload and manage all their digital assets online, including live web casts, streaming videos, email correspondence, including video email, pod casts, music, pictures, and more.

Fusion delivers a full range of advanced IP-based services to corporations, consumers and carriers worldwide. Fusion's Efonica-branded VoIP products and services, which focus primarily on Asia, the Middle East, Africa and Latin America, have over one million subscribers from more than 100 countries. For more information please go to http://www.fusiontel.com or http://www.efonica.com.

Both companies said they also plan to combine and offer their integrated products and services to their existing and future customers.

Craig Ellins, Chief Executive Officer of DigitalFX said the new relationship with Fusion gives DigitalFX's 16,000 plus sales affiliates a full service VoIP service benefiting their sales efforts and potentially expediting their customer base reach of 10 countries into Fusion's worldwide marketplace.

"DFXN believes Fusion is uniquely positioned to become a leader in the VoIP market," said Craig Ellins, DigitalFX's Chief Executive Officer. "We have been impressed with the exceptional quality, reach and innovation of Fusion's VoIP products, as well as their outstanding technical and management team. We are excited about the clear synergies between our companies and look forward to building a strong alliance with Fusion as we continue to develop converged solutions for our global integration plan."

"We are very pleased to receive this strategic investment from DFXN and align our company with a leading provider of converged IP solutions for consumers and businesses," said Matthew Rosen, President and CEO of Fusion. "Moving forward, we have every expectation that DigitalFX and Fusion customers will benefit from the strong cooperation between our two companies. We look forward to leveraging each other's strengths and growing together as a force in the converged multimedia marketplace."





Posted on May 14, 2007  Reviews | Share |  Digg
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