Feeds

VegaStream goes it alone after £4m MBO

VoIP play

  • alert
  • submit to reddit

Top three mobile application threats

VegaStream was today relaunched as an independent company after completing its management buy-out from Pace Micro Technology.

The VoIP (Voice over IP) gateway manufacturer used £4 million of investment capital to cut the corporate apron strings with its old parent. The main investors financing the move were VC firm MTI Partners and VegaStream's own management team. Pace Micro Technology retains a 20 per cent share in the relaunced business.

VegaStream's CEO Tim Burne said that the last two years, when the firm operated as part of Pace's R&D division, had helped to protect it from the worst ravages of the economic downturn.

"Whilst the last few years have undoubtedly been hard for the telecoms industry and VoIP has gone through a repeating cycle of hype and disillusionment, all the signs are now pointing towards VoIP finally delivering on its promise," Burne said.

He added that the MBO had come at the right time for VegaStream, when business VoIP is "becoming mainstream".

Although industry analysts agree VoIP gateway sales are poised to enjoy relatively strong growth, with In-Stat/MDR estimating that the sector will increase by a quarter in 2003, VegaStream's relaunch places it head to head with market leader Cisco.

However, the firm and its backers claimed that open standards compliance and "full interoperability with virtually every major PBX" means they are able to give the networking giant a run for its money.

"The dedicated VoIP Gateway market is characterised by one large data-comms company in Cisco and a number of smaller, largel regional, competitors," said Ernie Richardson of MTI Partners, who added that VegaStream could become a "genuine Cisco alternative". ®

High performance access to file storage

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Kingston DataTraveler MicroDuo: Turn your phone into a 72GB beast
USB-usiness in the front, micro-USB party in the back
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Inside the Hekaton: SQL Server 2014's database engine deconstructed
Nadella's database sqares the circle of cheap memory vs speed
BOFH: Oh DO tell us what you think. *CLICK*
$%%&amp Oh dear, we've been cut *CLICK* Well hello *CLICK* You're breaking up...
Just what could be inside Dropbox's new 'Home For Life'?
Biz apps, messaging, photos, email, more storage – sorry, did you think there would be cake?
AMD's 'Seattle' 64-bit ARM server chips now sampling, set to launch in late 2014
But they won't appear in SeaMicro Fabric Compute Systems anytime soon
Amazon reveals its Google-killing 'R3' server instances
A mega-memory instance that never forgets
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.