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Telovations, Inc., a
leading Tampa, Florida based provider of IP communications
services to small and medium businesses, announced recently that
it has secured $6.5 million in Series A venture capital funding
led by Lovett Miller & Co. Joining Lovett Miller in the round
were existing private investors Lane Five Ventures, Dominion
Financial Group, Inc., Connemara Capital and other strategic
individuals. The funding will be used to further build out
Telovations' Cisco Powered Network, expand its geographic
coverage into other key markets in the Southeast and add new
innovative applications.
Telovations' Innovate hosted services provide a
complete business communications solution. Included in the
services are: Cisco IP telephones, more than 100 telephone
system features, high-speed Internet service and more than 20
innovative applications, including find me/follow me, unified
messaging and hosted call center. Delivered over a dedicated
point-to-point T-1 connection on the Telovations Cisco Powered
RealTime Network(SM), Telovations' services provide
true unified communications. “As a Florida-based company, it
is strategically important for us to work with investors who
understand the southeastern marketplace. We are very pleased to
partner with Lovett Miller & Co., one of the Southeast's leading
venture capital firms,” said Telovations President and CEO Rick
Schonbrun. “Their extensive experience investing in technology
companies, coupled with a background in the communications
industry, will help us continue to grow our business and expand
our network.”
“Telovations has put together a superb team delivering a
focused communications solution for Florida-based businesses,”
said Scott Miller of Lovett Miller & Co. “We are excited to
partner with this fast-growing company on the forefront of voice
technology.”
Based in Tampa, Florida, Telovations provides growing
businesses in the Southeast with a hosted, managed, IP
communications solution, including telephone equipment,
telephone service and a high-speed T-1 connection to the
Telovations private, secure and fully managed Cisco Powered
RealTime Network(SM). Telovations' Innovate
services also include over 20 innovative applications,
professional support and systems management for one low monthly
price.
For more information, please visit
www.telovations.com |