The Register®

Biting the hand that feeds IT

Vonage rings up $200m investment

VoIP for the masses

Vonage - the broadband telephony outfit - is to ramp up its services in the US, Canada and the UK after securing an extra $200m (£106m) in funding to pump into its business.

Bain Capital joined New Enterprise Associates (NEA), 3i, Meritech Capital Partners and Institutional Venture Partners, among others, to raise the cash bringing the total investment into the company to $408m (£217m). As well as helping Vonage to expand its service in existing markets, it will also look to break into new territories. The cash will also be used to fund the development of even whizzier broadband services.

Said Vonage boss Jeffrey Citron: "This latest round of funding will help Vonage further cement its position as the leading broadband telephony provider in North America, with further expansion and penetration into global markets."

Vonage currently supports 600,000 VoIP lines and is adding a further 15,000 new lines a week.

Elsewhere, Danish telecoms outfit - TDC - has coughed up DKK242m (£22m) to acquire Swedish IP outfit Dotcom Solutions. Dotcom provides LAN infrastructure to companies and TDC reckons that by bagging this outfit it too can strengthen its position as a provider of IP solutions. ®

Related stories

Vonage expands UK service
Easymobile denies it's a 'flop'
TDC target for take-over - report
Who should buy Colt?
Vonage bows to 911 pressure

Free report. "Comparing Data Center Batteries, Flywheels, and Ultracapacitors: What is the best energy storage for you?"

Don’t Miss

Warning GoEnterprises throw caution to the wind in 802.11n rush

Standards bodies far behind the WLAN adoption curve

Warning: two wayCan CDP render backup redundant?

Comment My brain is mush

Chip DieCray, Intel, and Microsoft birth baby supercomputer

Gigaflops for mom and pop shops

Recycle signScrap PCs smuggled, dumped in Africa, China

Charity calls on UK.gov to WEEEd out rogue traders