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OnRelay Closes Series D Financing Round to Accelerate International Expansion |
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Written by OnRelay
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Tuesday, 17 July 2007 |
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London, 17 July 2007 – OnRelay, a pioneer in Fixed Mobile Integration, announces
the closure of its Series D finance round. The round was lead by NW Brown and
included significant participation from a number of existing OnRelay investors.
Commenting on the investment, Max Bautin of NW Brown who will be joining OnRelay’s
board following the investment said: “We are delighted to have led this round
of funding for OnRelay. I have known the Company and its founders for a few years
and have been struck by both the capabilities and disruptive potential of its
product, the quality of its management team and their achievements to date. The
Company is already generating substantial revenues and has an impressive client
and partner list including Tier 1 operators and Fortune 500 businesses. OnRelay
is currently at the forefront of the converged next generation Mobile IP PBX market,
a market it is estimated will be worth $15 billion in 2012, with crucially the
only known system that allows a mobile to completely replace a deskphone while
maintaining full functionality.”
“I am very pleased to have closed this large round of financing after a successfulf
first half year. The funds will be used to extend our international expansion
into North America and further into Europe and to continue to invest heavily in
maintaining our product leadership,” says Marie Wold, OnRelay President &
CFO. “We are also earmarking a significant war-chest for IPR protection,” she
continues, “the FMC market is heating up, and we make no secret of our view that
there is really only one way to implement Mobile PBXs well, and OnRelay holds
the patents on the system architecture and call flow methods to do this.”
OnRelay is a profitable, independent software vendor headquartered in the United
Kingdom. OnRelay’s global position in the Mobile PBX space has recently been recognised
by the WCA, which short-listed OnRelay CEO, Ivar Plahte, as the Most Influential
Person in Telecoms for 2007. Previously this year, OnRelay President and CFO,
Swisscom has launched its One Phone Business service. The service is based on
OnRelay’s ... Marie Wold, was shortlisted for the First Women Awards in UK, further
testifying to OnRelay’s thought leadership in the fixed mobile arena.
About OnRelay
OnRelay is a privately held software company headquartered in the United Kingdom.
Founded in 2000, the company is profitable and boasts Tier 1 operators and Fortune
500 companies as customers and partners. OnRelay MBX seamlessly integrates employees'
mobile phones with existing corporate voice systems (PBXs) offering the first
Fixed Mobile Integration solution able to completely replace desk phones. Its
patented* Telephony Internetworking Protocol (TINP) introduces a revolutionary
approach to solving complex mobile and fixed telephony integration issues that
current standardised voice protocols cannot handle. *US patent number 6.993.360.
www.onrelay.com
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