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July 24, 2006
Backers Of Global IP Sound Invest In Paradial
Paradial, an Oslo based Internet protocol (IP) communications software developer (VOIP, Videoconferencing and Instant Messaging software) has signed up with Kistefos Venture Capital for a $3.5M round of investment to expand.
The startup's founders wanted Kistefos on board because its parent company is backing Global IP Sound, the hot audio processing software company that supplies the likes of Skype, Nortel Networks, WebEx, Yahoo!, AOL, and EarthLink.
Paradial was founded in 2001 by key members of Ericsson's IP telephony development team. It supplies components to video conferencing vendors and messaging service providers. Its patented RealTunnel technology crosses firewalls, which, the company claims, is "probably the most comprehensive solution in the marketplace". The startup also develops multi-party conferencing and click-to-call solutions.
Read - Kistefos Venture Capital invests in Paradial (paradial)
Posted on July 24, 2006 03:33 PM | Posted to News And Updates | Venture Capital | VoIP | Permalink
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