Beyond VoIP TMC

Whaleback Systems Nabs $7.5 Million in Series B Round

September 25, 2006

Managed Service Provider (MSP) Whaleback Systems just completed a $7.5 million Series B round of financing, led by Castile Ventures with participation from new investor Egan-Managed Capital and existing investor Ascent Venture Partners. The financing will be used to expand Whaleback's channel and geographic market coverage and to fund aggressive feature development for Whaleback's CrystalBlue SMB Voice Service.

Unlike traditional systems, the Whaleback CrystalBlue Voice Service is 100 percent premises- based and software-driven. It includes an IP PBX with Key System Unit features and Road Warrior Functionality, and features an all-inclusive, unlimited nationwide calling package for SMBs that need between 5 and 1500 stations.

Castile Ventures is investing its third fund in innovative enterprises developing future generations of enterprise, mass market and service provider information technology.
Founded in 1998, Castile Ventures is a top- performing early stage venture capital firm investing in innovative enterprises developing future generations of information technology for enterprises, service providers and the mass market. Currently managing three funds, Castile’s investments include Ahura Corp, Brix Networks, GeoTrust (acquired by VeriSign), Neah Power (NPWS), Network Intelligence (acquired by EMC), Quantiva (acquired by NetScout Systems), Sandbridge Technologies, SilverStorm Technologies, Sonus Networks (NASDAQ: SONS), Stargus (acquired by C-COR), and Trapeze Networks.

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