Telesphere Closes Additional Funding

Totals More Than $50 Million Over Five-Year Period

Updated: January 05, 2011

PHOENIX--(BUSINESS WIRE)--Telesphere (www.telesphere.com), a nationwide hosted PBX, VoIP and Cloud Communications business phone and Internet services provider, today announced the closing of additional financing, totaling more than $50 million over the past five years.

“This investment is our most significant yet, given we now have the funding to support our growth through cash flow positive status. This puts Telesphere in an elite group of communications providers,” said Telesphere Chief Executive Officer Clark Peterson. “With this additional capital, we will continue to invest in the company to ensure we are providing award-winning customer service and leading the dramatic shift of businesses moving their voice and data services to the Cloud.”

This news comes on the heels of Telesphere being recognized last month as one of the top 10 fastest growing companies headquartered in Arizona at the annual Ace Awards event. Other winners included GoDaddy, LifeLock and Sprouts Farmers Markets.

Telesphere backers include several premier telecommunications investors including: Rally Capital, Hawkeye Investments and others.

“We are grateful to our investors who have continued to show confidence in Telesphere,” continued Peterson. “It goes to show there is great optimism about the multi-billion dollar market opportunity for hosted communications in the Cloud and the future of Telesphere.”

Telesphere continues to grow rapidly despite challenging economic times due to increased demand from businesses to receive voice and data services hosted in the “Cloud.” Cloud-based services save businesses the costs of on-premises PBX voice systems and give users the ability to integrate solutions across voice and data services.

About Telesphere

Telesphere is a nationwide business phone and Internet services provider that delivers an innovative package of hosted VoIP telephone services and Internet access to businesses throughout the United States. As one of the first companies to offer hosted enterprise level communications as a service (CaaS), Telesphere allows businesses to enjoy all the latest voice and data features of large enterprises without costly investment in on-premises equipment. Telesphere’s more than six years of CaaS experience to businesses throughout the United States places it at the forefront of companies that specialize in the convergence of office PBX phone service, cellular phones, PCs and Unified Communications features. Telesphere fully manages its customers’ services over a private IP facilities-based network.

Featured Research
  • The New 2017 Phone Systems Comparison Guide

    It was a painstaking process, but to help B2B companies start 2017 off on the right foot, we recently compiled a comparative list of the top 34 business phone vendors in the world. In one, easy-to-reference location, we’ve neatly outlined the information you need. more

  • 8 Common Pain Points UC Eliminates

    Many businesses rely on a collection of communication tools that they adopt to address specific needs as they arise. This strategy may seem to work in the beginning, but eventually will lead to a system that is cumbersome to use, difficult to explain to new hires, expensive, and effective in some areas, but full of gaps. more

  • Top 11 VoIP Vendors

    Signing up with a VoIP provider is a major business decision that will affect your internal communications, customer service, and communications with business partners. The decision can be a difficult one; choosing the wrong VoIP provider can cost a business hundreds of thousands of dollars. more

  • How UC Can Improve Employee Productivity

    Unified Communications (UC) is a new concept that is revolutionizing business communications. Every year, more and more companies are ditching their traditional PBX systems for a UC solution. But before you make the move, it’s critical to understand how UC will affect your workplace and employees. more

  • Best Mobile VoIP Apps for Business

    VoIP phone systems and mobile apps are becoming very popular for business use and are helping companies streamline their business communications on the go, while reducing costs. In fact, according to a study by Infonetics Research, VoIP subscribership has been growing at a rate of approximately 14%, year over year, each year since 2009. more

Related Articles