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Packet Island Inc. takes In VC Funding to Fuel Its Growth

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Packet Island Inc., the leading provider of VoIP lifecycle management solutions for the SME VoIP market today announced that it has received its first round of venture funding from a group of venture capital firms led by Startup Capital Ventures. The other VCs participating in the Series A round are Garage Technology Ventures and Rincon Ventures.A A A A

aWe took two years to build a solid SaaS platform that had the architecture to support the deployment model and economic sensitivity of the SME market. By focusing our SaaS platform to solve the VoIP management needs of the IP Centrex market, weave been able to address a burning problem in a fast growing space, and gain industry recognition by means of key industry awards. We wanted investors who had the breadth and depth in the markets we were going after, and thatas exactly what we got with our VC syndicate led by Dr. John Davidson from Startup Capital Venturesa said Andy Aczel and Praveen Kumar, co-founders of Packet Island.

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