VOIP Logic Gets $1.25M
March 11th, 2006 - Posted in VoIPVoIP Logicâ„¢ LLC, a leading hosted and managed multimedia IP applications provider, today announced that it has closed on $1.25 million in Series A and B financing from its sole institutional investor 21Ventures LLC.
Profitable since its founding in 2003, VoIP Logic experienced a 73% increase in revenue and 282% increase in net income from 2004 to 2005. The company provides on-demand hosted and managed VoIP applications for telecommunication service providers, i.e., wholesale carriers, calling card and international long distance retail carriers, CLECs and ISPs. VoIP Logic currently has 14 employees supporting the network management needs of over 50 customers worldwide.