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March 06, 2012
MyNetFone Unveils Latest Release of its Virtual PBX Solution
By Rajani Baburajan, TMCnet Contributor

MyNetFone has just released its new virtual PBX solution that boasts a number of innovative features that will revolutionize the PBX (News - Alert) market and challenge the future existence of traditional PBXs.

 The new release will contribute a number of useful developments that will make the system “truly versatile and suitable for larger organizations as well as smaller businesses,” according to company officials.

The solution has been developed by Symbio (News - Alert) Networks, a wholly owned subsidiary of MyNetFone and runs on a carrier-grade White Label Hosted VoIP Platform.

MyNetFone's Virtual PBX solution has gained rapid uptake in Australia since its release. The solution has seen a 50 percent growth in adoption over the last six months alone. With features such as local number portability and hassle-free DIY setup, the solution has grown as a viable alternative to traditional phone systems.

Virtual PBX 2.0 release is also significant because it is the only large-scale hosted platform developed in Australia.

"We strongly believe that cloud-based or hosted solutions such as our Virtual PBX will, without a doubt be the phone system of the future, which is why we've continued to invest our resources in developing a truly innovative, future-proof solution,” company officials stated.

Virtual PBX 2.0 also delivers a competitive advantage for companies thanks to the growing market acceptance of cloud- based services as an alternative communications solution, and the upcoming NBN rollout increasing the demand for high-quality, feature-rich IP voice solutions.

Recent reports reveal that virtual PBXs are expanding in both Asia and Latin America which have helped push the overall enterprise virtual PBX equipment market up 6 percent in 2011 when compared to 2010. The global PBX revenue has also increased by 2 percent.

Additionally, the research indicated that the global PBX/KTS system market totaled $8.43 billion in 2011, up from $7.97 billion.

Edited by Jamie Epstein

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