Friday, May 29, 2009

Telesphere, ISP and phone provider, raises $15mm in funding from Rally, Hawkeye, and Greenspun

Telesphere, ISP and phone provider, raises $15mm in funding from Rally, Hawkeye, and Greenspun for market and acquisition-based expansion plans into multiple new markets by 2010.

“We are gratified by our investors’ commitment and belief in Telesphere, particularly amid a difficult private equity environment. While it may seem counterintuitive, our growth has accelerated during this challenging economic time. Customers can adopt advanced business communications and Internet services with no upfront capital costs,” said Telesphere Chief Executive Officer Clark Peterson. “We are coming off yet another record quarter in sales and revenues and will use the additional capital to expand our services into additional markets.”

“We needed a communications system and service to power our business, but we didn’t have the luxury of investing a tremendous amount of up-front money,” said Daniel Bartlett, president Wright Engineers. “With Telesphere we have been able to seamlessly and simply connect all of our business locations with four-digit dialing that one receptionist, in one location, can manage offices in Arizona, Nevada, Utah and California. And, we were shocked to learn that it didn’t require significant investment to make it all happen.”

Telesphere is a nationwide business phone and Internet services provider that delivers an innovative package of IP telephone service and internet access to businesses throughout the United States. Telesphere’s services allow businesses to enjoy all of the latest voice and data features of large businesses without the costly investment of on premise equipment. Telesphere fully manages its customers’ services over a private IP facilities-based network.

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