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August 01, 2011

NewVoiceMedia Wins Second Round of Funding from Notion Capital and Eden Ventures
By Rajani Baburajan
TMCnet Contributor

NewVoiceMedia (News - Alert), a provider of enterprise class contact centers delivered via cloud model, announced that it attracted £2.5 million (USD 4 million) in a second round of funding from Notion Capital and Eden Ventures.



With the second round of funding, investment of Eden Ventures and Notion Capital in the UK-based company has touched £6 million (USD 9.8 million) in the past 12 months.

Officials with NewVoiceMedia said that the investment demonstrates the confidence of the investors in cloud delivered services as a disruptive technology.

“The contact centre market has been dominated by on-premise technology and is on the cusp of a major transition to the cloud,” said Jonathan Gale, CEO of NewVoiceMedia, in a statement. “The compelling arguments are just too strong to prevent this from happening.”

NewVoiceMedia is readying to tap a big market opportunity. According to Gartner, at least 75 percent of customers will use some form of SaaS (News - Alert) application as part of their contact center solution by 2013, and that as early as next year, 40 percent of companies switching platform will select a cloud based service.

“The cloud is changing the way we communicate and share information and NewVoiceMedia’s contact centre solution is a great example of this,” said Mark Farmer, partner at Eden Ventures.

“Customers have no up-front costs, can get up and running quickly without the need for on-premise hardware and software and operators can work from anywhere as part of a virtual team.”NewVoiceMedia services 250 call centers around the globe with upwards of 3,000 agents making in excess of 100 million calls per year.

“The cloud represents a generational shift in technology that we haven’t seen since the rise of the PC in the 90’s, driven by the demand for services that are not tethered to a particular device or location,” said Chris Tottman partner at Notion Capital.

Recently, NewVoiceMedia announced that Communic8BPO, a Mauritius-based outsource contact center provider servicing clients from Australia, the U.K., Ireland and Canada, implemented NewVoiceMedia’s cloud-based telephony solution to ensure high service and to drive company’s growth.

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO West 2011, taking place Sept. 13-15, 2011, in Austin, Texas. ITEXPO (News - Alert) offers an educational program to help corporate decision makers select the right IP-based voice, video, fax and unified communications solutions to improve their operations. It's also where service providers learn how to profitably roll out the services their subscribers are clamoring for – and where resellers can learn about new growth opportunities. To register, click here.


Rajani Baburajan is a contributing editor for TMCnet. To read more of Rajani's articles, please visit her columnist page.

 

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