READING, UK – May 19 2006 - VisionOSS, the leading OSS vendor for Service Provider Hosted IP Voice management solutions has secured £1.0 million in a private placement to Investek Pty Ltd.
The initial seed round of capital is at a significant increase in VisionOSS’s valuation, reflecting the company’s progress since its founders created the company in 2003.
Proceeds of the investment will be used to accelerate the development of VisionOSS’s Business Voice Service Management (BVSM) offering and continue the rapid expansion of sales, deployment services, engineering and customer support in the US market.
VisionOSS’s BVSM solution is designed to reduce complexity, speed implementation and cut costs for IPT architectures. BVSM is a key element in the successful deployment and operation of hosted and managed IP telephony networks, supporting an ever-widening market of large, complex enterprises and service providers.
Working closely with Cisco Systems, VisionOSS has already secured its first US customer and has a strong pipeline of both large enterprises and service providers who see the benefits that BVSM provides to the Cisco Hosted/Managed Unified CallManager Services (H/M-UCS) architecture.
Paul Brennan, non-executive chairman of VisionOSS, added: "We are honoured to have this investment from Investek. Our EMEA and market momentum has been substantiated by the adoption of our innovative Hosted IP Voice management solution, which manages complex IP Telephony deployments - a requirement of many service providers and large, complex, enterprises. We are also substantially widening the scope of our BVSM solutions and look forward to continuing our success in both the US and global markets."
