Allworx Gets Funded

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Allworx Gets Funded

VoIP funding is alive and kicking as evidenced by the latest 2 million dollar transaction allowing inSciTek Microsystems to get funding for its AllWorx VoIP product line.

“InSciTek’s Allworx product line brings the benefits of VoIP to small businesses,” said Jennifer Tegan, partner, Cayuga Venture Fund, in a press release. “Because of Allworx, small companies have access to an affordable yet sophisticated communications system in a turnkey package that provides greater flexibility and workplace efficiencies. Cayuga Venture Fund is proud to support InSciTek so that more small businesses can gain access to its suite of award-winning communications products and services.”

“Cayuga Venture Fund’s investment demonstrates confidence in our strategy for continued growth,” said George Daddis, InSciTek President and CEO. “This investment enables us to develop a new generation of Allworx products - building on our current portfolio, which already offers the broadest feature set and the lowest installed cost of any VoIP solution for small businesses.”

Other firms which have previously provided funding include Enhanced Capital Partners, High Peaks Venture Partners.


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