VantagePoint Venture Partners of San Bruno, California has led an $18 million dollar round of financing of IntelePeer Inc. This was the company's third round of financing.
All things being equal, it's fair to say that it's no small feat to attract such a significant amount in such an uncertain economic climate. IntelePeer will use the funds to continue their expansion plans, increase their global presence and support continued growth of their hosted voice 2.0 and rich media technologies.
According to Bill Harding, VantagePoint managing director, and the newest member of the IntelePeer Board of Directors, "IntelePeer is uniquely positioned with its game-changing strategy to address the need to reduce operational costs with an innovative hosted Voice 2.0 applications platform and carrier-class voice peering infrastructure."
Congratulations to the entire team at IntelePeer.
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