U4EA Technologies, converged communications co., raises $16M
U4EA Technologies, a Fremont, Calif. provider of integrated access technology for converged communications, has raised a $16 million funding round, bringing total funding to-date to $30 million, the company said.
Three European institutional investors are the company’s main investors: IIU Nominees Limited, Bluehone Investors LLP, and Singer & Friedlander.
Announcement here.
A snippet here:
The latest funding will be used to meet the growing needs of U4EA’s existing customers, to provide solutions that will expand the company’s market opportunity beyond hosted VoIP to include IP PBX and traditional PBX segments, and to build wireless capabilities into U4EA’s product portfolio.
“We are excited about the market potential for multi-service business gateways and U4EAs leadership in the category,” said Brendan Murphy of investor IIU Nominees Limited. “U4EA’s ability to land tier one customers focused on delivering converged communications solutions to SMEs bodes well for the company’s future and it’s leadership in the converged services gateway category.”
The company also announced the hiring of communications industry veteran Ken Epps as CEO. Epps, who will serve on the Board of Directors, brings more than 20 years of voice, data and video communications experience to U4EA’s management team.
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Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
