Feeds

Truphone adds £16.5m to global operator hope chest

I wish I were big

Remote control for virtualized desktops

Truphone, the British VoIP-on-a-handset firm, has raised another £16.5m to fund its transformation into a grown-up telecoms company.

The Series B round comes from private VC investors, with all Truphone's existing backers stumping up more cash. The company raised £12.5m less than two years ago.

Truphone has setting its sights on becoming a primary provider, where it owns the entire billing relationship with the customer, as opposed to being a back-up service for making cheap calls. .

Truphone's VoIP service is software based: you install the free app onto your mobile and away you go. It operates over Wi-Fi connections when available, and bounces customers back to their existing operators when they are more than hundred yards from a hotspot. But with the assets of SIM4Travel, bought last week, Truphone aims to be the only operator a customer needs globally. Calls go over Wi-Fi when that's available and over partner GSM networks when it's not, with all the billing coming from Truphone.

"We aim to provide ultimate price and convenience, wherever you are. One world, one SIM," reads the statement from CEO James Tagg. "Beyond that, as a 'Voice 2.0' company we can start to develop and introduce new internet-based features and applications that give customers a richer mobile experience."

The investors will, no doubt, hope that a "Voice 2.0" company makes more money than most of the "Web 2.0" companies whose game is to be bought by someone bigger before their backers run out of patience. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Mighty Blighty broadbanders beg: Let us lay cable in BT's, er, ducts
Complain to Ofcom that telco has 'effective monopoly'
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Broadband sellers in the UK are UP TO no good, says Which?
Speedy network claims only apply to 10% of customers
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
The total economic impact of Druva inSync
Examining the ROI enterprises may realize by implementing inSync, as they look to improve backup and recovery of endpoint data in a cost-effective manner.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.