Voiceserve Unveils Robust New Offering Complete With Virtual PBX Functionality

Voiceserve, a provider of Internet telephony and virtual PBX solutions, has just launched a cloud-based VoIPSwitch to be used by small businesses and individual customers that boasts virtual PBX capabilities.

Thanks to the wireless evolution, the industry is embracing VoIP and all its offerings including virtual fax at feverish pace. Voiceserve’s new offer – a mobile VoIP initiative featuring video conferencing and video on demand in one turnkey solution—will enable telecom companies to deploy VoIP in a cost-effective manner.

 “Just six months ago, our hosted solution, which offers operators an option to pay for our software on a monthly basis rather than an upfront one-time fee, stood at approximately $12,000 per month,” Michael Bibelman, Voiceserve's CEO, said in a statement. “Today, that revenue source has grown to approximately $55,000 per month and is expected to continue its growth pace in the foreseeable future. Our enterprise commercial initiative, while taking longer than originally anticipated, appears to be close.”

2011 proved to be a highly successful year for the virtual PBX industry and Voiceserve overall. The company recently revealed that it generated revenues of $1.4 million during its fiscal third quarter which ended December 31, 2011, which was up by 9 percent when compared to the previous quarter and an increase of 37 percent over the current fiscal year second quarter. Net earnings for the third quarter was $179,599 and revenues for the first nine months of fiscal 2012 was $3.6 million, a 6 percent increase over the same period of the previous fiscal year.

Hoping to remain at the forefront of VoIP technology as it continues to grow; the company’s VoIPSwitch technology offers multiple features such as virtual numbers, direct dial, Web callback, call forwarding and mobile soft phone.