Telesphere Closes Additional Funding, Totals $32 Million Over 2 Year Period

telesphere_logo.gifTelesphere announces the closing of additional financing, totaling $32 million over the past 24 months. The funding news comes on the heels of Telesphere’s July announcement that it would acquire the VoIP services business of Denver-based Unity Business Networks. The acquisition has now closed after receiving FCC approval.

Telesphere also announced that Unity CEO Bob Paulsen has taken on the role of Telesphere’s Chief Operating Officer.

Telesphere will continue to be headquartered in Phoenix with a major presence in Denver. The company will house several executive functions in Colorado and expects to double its employee presence there within six months.

Telesphere backers include several premier telecommunications investors including: Rally Capital, Hawkeye Investments and The Greenspun Corporation.

Posted on Oct 07, 2009  Reviews | Share |  Digg
Filed in:

Related Entries

• Voip-Pal.Com Reduces Debt By 30%
• Pervasip Initiates Buyout of Convertible Debt Instrument
• CounterPath Announces Closing of Private Placement
• Voip-Pal.com Starts Process of Elevating to Current Information Tier on OTC Pink Sheets
• NetCapital Converts Portion of Pervasip Debt into Common Stock
• fring Fuels Mobile Video Communication with C-round Funding
All comments require the approval of the site owner before being displayed.

Post a Comment

Please use a valid e-mail address. Your address will not be publicly visible and is only a means for us to contact you when asked. Thank you.

Name
E-mail
(will show your gravatar icon)
Home page

Comment (Some html is allowed: )  

Enter the code shown (prevents robots):



  All brand, company, and product names are trademarks or registered trademarks of their
  respective owners. © 2012 VoIP Monitor. All rights reserved. Privacy Policy  Terms