VisionOSS closes $12 Million series B financing
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Berkshire: VOSS, a player in Unified Communications (UC) service delivery software, has announced that it has closed $12 million in Series B private equity funding. The company serves an impressive range of global enterprises and Tier I service providers, including BT and IBM, with its first-in-class service delivery platform for UC features. Early-stage venture capital firm Eden Ventures and Paris-based XAnge Private Equity joined existing investors Pyrford Enterprises in VOSS' series B funding. Pyrford also led VOSS' Series A round in 2006. The company will use the new funds to fuel its growth in the rapidly expanding market for enabling enterprise and service provider UC features (i.e. deploying integrated voice and video telephony, messaging, conferencing, presence and collaboration tools). Some research estimates show that the size of the worldwide Unified Communications market will reach $17 billion by 2011. New analysis of the Unified Communications market from Nemertes Research shows only 16 percent of companies are doing nothing with unified communications. More than one-third (36 percent) are in an initial planning phase; 28 percent have a limited deployment of specific applications that make up unified communications, or a full unified communications deployment to a limited number of people; and 19 percent have developed their unified communications strategies and are in the process of implementing them company-wide, according to a research firm's Unified Communications & Collaboration research project. "VOSS is hitting its stride just as Unified Communications sees mainstream adoption by large enterprises and service providers," stated Eden Ventures General Partner Mark Farmer. "Importantly, while users are keen to gain the benefits of UC, they really need instant-on, trouble-free and simplified service delivery and management to rapidly achieve critical mass. VOSS meets these needs, even over hybrid vendor UC networks, and thus will be a linchpin in the success of Unified Communications," he added.

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