Noble Group Leads Investment for Expansion
BOSTON, Sept. 13 /PRNewswire/ -- VON Conference -- VegaStream, an
industry-leading developer of VoIP gateways, has received a new equity
investment from a consortium led by Noble Group. This infusion of capital
will fund expansion to help the company satisfy spiking international
demand for VegaStream's line of VoIP gateway.
"VegaStream is primed to meet a remarkable market opportunity," said
Tim Burne, VegaStream chief executive officer. "To succeed, VegaStream
needs to quickly expand our operations and this capital will fuel that
expansion."
Noble Group: Targeting Fast Growth Small / Mid-Cap Companies
Joe Philipsz, director of Noble, said, "This as a strategic investment
in a quickly growing market. We are very impressed with VegaStream's
success to date and their plans for the future. We are looking forward to
working closely with them." Noble is an investment bank with a unique range
of professional services to fast growing small and mid-cap companies and
investment ventures. Founded in 1980, the bank manages investments in more
than 200 companies around the world.
VegaStream: Standards-Based, Excellence-Driven
VegaStream's wide range of award-winning VoIP gateways let service
providers and business customers rapidly deploy and profit from lower
telephony costs and improved productivity. Award-winning Vega gateways are
cost-effective, reliable, standards-based platforms that seamlessly
integrates existing communications investments. From the Vega 400 digital
gateway -- a carrier-grade platform that connects digital telephony
equipment to the public network -- to the latest Vega 50 family of analog
gateways -- all of VegaStream's products help streamline the introduction
of essential VoIP services.
VegaStream works with some of the world's leading channel partners to
bring its products to the enterprise. The partners include COMMX, Vcentrix,
ThinkTel, BAI Systems and Engineering, Gentek and Stealth Communications.
VegaStram products have been honored with awards from around the world. The
Vega 5048 was selected as the Product of the Year by very well-respected
Internet Telephony magazine, and the Vega 400 was honored by TMC Labs as
the most innovative product in 2005.
About VegaStream
Founded in 1998, VegaStream is one of the most experienced players in
the enterprise VoIP market. The company supplies cost-effective, reliable
and easy-to-deploy gateways to both traditional telecommunications carriers
and the new generation of Internet telephony service providers. VegaStream
serves the enterprise market through a global network of distributors and
resellers supported by regional offices in the UK, USA and Australia.
VegaStream is a privately held company.
North American Media Contact UK Media Contact
Brian D. Johnson Steve Davis
VegaStream VegaStream Group
vox: 877-834-4470, ext. 7057 vox: 01344 7849900
SOURCE VegaStream
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Related links:
http://www.vegastream.com
CONTACT:
North American Media Contact, Brian D.
Johnson of VegaStream, +1-877-834-4470, ext. 7057; or UK Media
Contact, Steve Davis of VegaStream Group, 01344 7849900
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