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Virginia based Internet phone company raises $5 million

January 13th, 2006

MCLEAN, Va. – Internet communications firm, Aptela, secured $5 million in Series A financing led by Baltimore based JMI Equity.

JMI and other Series A investors have an option to invest an additional $3 million in Aptela.

Aptela’s technology delivers all the features of traditional Enterprise phone systems at lower costs using VoIP. The company claims it has over 1000 clients currently, primarily consisting of smaller companies under 200 employees.

“After early hype about cost savings, businesses have discovered that the real value of VoIP is in hosted voice applications like Aptela,” said CEO Howard Freidman said. “After early hype about cost savings, businesses have discovered that the real value of VoIP is in hosted voice applications like Aptela. It’s easy to see why businesses are adopting hosted voice so quickly – the value proposition is incredibly compelling, and traditional phone systems were never designed for today’s mobile, always-on world. Comparing our service to traditional phone equipment is like comparing a PC to a typewriter, except you don’t even have to pay for the PC.”

Proceeds from the financing will be used to expand the Company’s sales and marketing efforts, to continue product development and to provide general working capital. Brad Woloson, a General Partner at JMI Equity, has joined Aptela’s Board of Directors.

The McLean, Virginia-based company was originally founded in 2001 as e-cerv.

 

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