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April 11, 2006
Abbeynet Looks For Investors To Expand VOIP Biz
Five year old Abbeynet, which hails from the same part of Italy as Internet Service Provider, Tiscali, develops software and hosts a VOIP portal service (white label).
Near the end of a press release it put out this week, the firm notes that it's seeking finance to support the international marketing of its VOIP products.
The startup seems to be well established in Italy. Abbynet's solution is SIP-based, and includes a softphone, a consumer-oriented web telephony site (Chocophone), a buddy list/instant messaging service, and things like click-to-call, web-based call-centers, and email embedded with click-to-call buttons. The latter three products are targeted at businesses.
So far it has funded R&D with €8M in grants from Italian state. And according to an announcement this week, it just got another grant for €7M to integrate instant messaging, voice and video communication into a package for use by TV set-top box manufacturers.
This is yet another VOIP startup, but it has some intellectual property and some products targeting businesses. Its chances for growth could be good in the portal provider and e-commerce markets as they are less crowded wiht rivals than consumer markets. As for interactive TV market, it is a bit too early for us to call that one.
Read – Abbynet raises (press release)
Posted on April 11, 2006 02:35 PM | Posted to Venture Capital | VoIP | Permalink
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