Sonian raises $5.6M to store employee communication, ease compliance
Sonian, a provider of hosting services for companies looking to store their employees’ communications, has brought in $5.6 million in a first round of funding from Prism VentureWorks and Summerhill Venture Partners. About $1.3 million of the money came from undisclosed individual investors.
The company says its product stores and indexes all channels of communication, including emails and instant messages. This material is used by many businesses to enforce regulations and compliance. Sonian targets businesses… Continue Reading
Sylantro and BroadSoft merge to form VoIP powerhouse
The voice-over-internet-protocol space just got less crowded. Big name BroadSoft has just acquired long-time competitor Sylantro Systems for an undisclosed sum. The merger may portend many to come for VoIP companies in 2009 as the recession encourages further consolidation, industry insiders predict.
BroadSoft and Sylantro are unique in that both enjoyed generous venture backing going into the deal — raising $72 million and $113 million respectively to date. Even though it brought in less, Broadsoft was… Continue Reading
Trust Digital raises $14.5M to handle mobile business data
As more and more people move their work data onto their mobile phones, a company called Trust Digital has raised another $14.5 million to help manage that process.
The Lean, Va. company’s software simplifies the process of authenticating phones, encrypting data and more across multiple smartphones. Chief executive Nick Magliato says some of his company’s biggest customers are government and health care agencies.
Big players like Microsoft and Research in Motion have similar software for their Windows… Continue Reading
Vantrix, helps publishers deliver video to fragramented mobile market, raises $12M more
Vantrix, a Montreal, Canada company that helps publishers deliver video and other data across multiple handsets via various carriers, said it has raised $12 million in a second round of financing.
An increasing number of companies are focused on the thorny problem of video and audio transmission across today’s fragmented mobile landscape — characterized by hundreds of different phones and protocols.
Competitors include Quickplay and Dynetic.
Vantrix says it has customers like AT&T, Orange, and ABC News. It… Continue Reading