Voice - Monday, July 9, 2007
VoIP Gateway's U4EA Gets New CEO + $16M
U4EA Technologies closed on a $16M funding round, bringing total funding to-date to $30M. The Fremont, CA-based startup plans to use the dough to expand beyond hosted VoIP to include IP PBX and traditional PBX segments, and to build wireless capabilities into U4EA's product portfolio.
The company also hired Ken Epps as its new CEO. Prior to U4EA, he was the CEO of BayPackets.
U4EA Technologies was established in April 2004 as a spin-off of core technology and development engineers from Ericsson. The company is primarily funded by three European institutional investors: IIU Nominees Limited, Bluehone Investors, and Singer & Friedlander.
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