Vonage – 35M Financing


November 24, 2003 — VONAGE, the voice- over-Internet-protocol (VoIP) provider headed by Datek co-founder Jeffrey Citron, has a bundle of new cash at its disposal. The company plans to announce today that it has secured $35 million in new financing led by venture capital firm New Enterprise Associates.
“To get a transaction done with something involving the words ‘Internet’ and ‘telephony’ in the same sentence is really an accomplishment,” Vonage CFO John Rego said.

Rego wouldn’t say what type of valuation the company got on the deal, but he says Vonage’s management still owns more than 50 percent of the company. Vonage will use the money for marketing and to expand service to Canada and Europe.


Telus Launches Hosted & Managed IP Services in Canada

Telus has launched IP-One, a hosted and managed VoIP service to be offered
to businesses in Ontario and Quebec. The service provides a set of
applications including unified communications, extension mobility and
integration with corporate directory services. It features management of
call forwarding and contact lists, web access to email, and ad-hoc multi-
party conference calls. The service is driven by Cisco’s gear.

IP-One is offered on a per seat cost basis.

Initial customers for the service include Borland Software; Richter, Usher,
and Vineberg; Berlex Canada; and Belron Canada.



Studies on IP Telephony Markets

Synergy Research has released “3Q 2003 Enterprise VoIP Market
Shares,” a 43-page report that tracks quarterly sales of
enterprise IP telephony, LAN telephony (IP-only), converged
telephony (TDM/IP), IP phones, and enterprise VoIP gateways.
The research includes surveys of 3Com, Alcatel, Avaya, Cisco,
Mitel, NEC, Nortel, Shoreline, Siemens, Sphere, Quintum,
VegaStream, and Vertical.

The firm finds:

* The U.S. enterprise VoIP market grew 15%
over the quarter
* Nearly 1 million IP phones were shipped
in Q3
* The U.S. showed the greatest growth over
the quarter followed by Asia/Pacific and
* In the U.S., IP phone shipments were up
38% over the quarter. The leading
vendors included SpectraLink (up 97%),
Cisco (up 77%), and Symbol (up 45%)
* The U.S. enterprise IP telephony line
shipment market share for Q3 2003 is
Cisco at 27.4%; Avaya at 20.2%, Nortel
at 13.3%, Mitel at 7.5%, and 3Com at

Synergy Research


Net2Phone raises 58M with help from IDT

2004 and 2005 will be the hottest 2 years in VoIP. Another good indication of this is Net2Phone’s announcement today of the 58M financing.

VoCable [Voice-over Cable] is yet another flavour of VoIP and this stock offering shows the willingness of investors to buy into the technology. It won’t be the last you will see in the coming months.

Net2Phone Raises 58M

Also in the news today, Calgary’s Wi-LAN announced a VoIP offering. To be honest I don’t see the big sell here considering anyone can deploy VoIP over Wi-Fi but here’s the link just the same…

Wi-LAN launches VoIP


Verizon Jumps on the VoIP Bandwagon

You know the technology is hot when the largest Telcos in the industry are jumping on board to offer broadband VoIP.

AT&T, Bell South, Comcast, COX, Time Warner, IDC, Teleglobe and recently Qwest and now Verizon have announced their plans to offer a broadband VoIP service.

I wonder which softphone they will choose to implement? Hmmmm, sounds like a great sales potential for companies like Xten.

Verizon details Internet phone plans
By Ben Charny
Staff Writer, CNET

Qwest to launch VoIP in December
By Ben Charny
Staff Writer, CNET

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