Acredo Lays Off Staff

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| Peter Radizeski of RAD-INFO, Inc. talking telecom, Cloud, VoIP, CLEC, and The Channel.

Acredo Lays Off Staff

This morning on Twitter, it was announced that Hosted VoIP company, Acredo, had laid off all its staff. Acredo is the second Hosted PBX player in Orlando to axe its staff in the past few weeks. VOX also laid off most of its staff, while waiting for a big deal to close, which is supposed to be its savior.

We are entering the time when there will be a parring down of the 1000+ companies offering VoIP. The majority of users have migrated to cable digital voice service due mainly to the bundle, the price, the Quality of Service, the name brand, and the large advertising campaigns.

Acredo was Avaya based and not inexpensive. I have no further details about the company.

VOX had over 100 partners reselling their service including NCTA, WISPA and FISPA members. Most notably Junction Broadband was a reseller. The deal with UTGI was supposed to be the saving grace for VOX. The funding partners decided that they couldn't pour more money in while they waited to land the UTGI deal.

Certainly, we will be seeing more of this as VC and hedge funds have been hit by the financial crisis too and cannot continue to fund companies that have not hit a revenue and cash flow stance.

An UPDATE on this story: see Rich Tehrani's update. Acredo is in re-organization - not closed.

A correction: the VOX reseller is Junction Broadband, not Junction Networks as I wrote yesterday. (Please note that the linked press release clearly stated Junction Broadband.) I apologize for the typo.

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