Fonality Secures $7 Million Investment From Intel
Fonality, creator of the Asterisk-bsed trixbox telephony system and the business-oriented PBXtra, has recently secured $7 million in funding from Intel’s investment arm, Intel Capital.
Fonality®, the leader in open source IP telephony for the small-to-medium size business (SMB) market, has secured $7 million in a Series C round led by Intel Capital with participation from existing investor, Azure Capital Partners. Fonality was founded in 2004 to fill a vital need for enterprise-class telephony at price points within reach of SMBs.
According to intel, there is a synergistic relationship between the chip-making industry and providers of IP-based telephony applications. More particularly, Intel Capital feels there is a “powerful combination” between Intel-based servers, IP-based telephony hardware, and open-source telephony systems. Intel also hopes that the increased popularity of IP-based telephony solutions for business will also lead to increased uptake of Intel-based hardware (particularly servers).
The proceeds of this capital infusion will be used by Fonality to finance innovation for both the smaller-scale trixbox system and the commercial PBXtra. This investment will also enable Fonality to have a wider reach in the telephony market. Fonality plans to include international marketing and support efforts in the near future.
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