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January 24, 2007

VoIP Service Provider SinglePipe Communications Receives $4.0 M Equity Investment

By Anuradha Shukla, TMCnet Contributing Editor

SinglePipe Communications (News - Alert) has received a $4.0 million equity investment. The financing was lead by Louisville, Kentucky-based Chrysalis Ventures, a major source of equity capital for growth companies in the Midwest and South.

SinglePipe has used the equity investment to fund its recent acquisition of ALEC, Inc., a Lexington, Kentucky-based Competitive Local Exchange Carrier (CLEC), the development of state-of-the-art back office capabilities, and the development of the company’s strategic growth plan.

Back office infrastructure, experienced management and the network will be provided by the newly combined entity to be a leading wholesale VoIP provider in the United States.

SinglePipe provides fully-integrated facilities-based wholesale communications services to CLECs, internet service providers (ISPs), cable companies, integrators and other technology service providers. SinglePipe’s turnkey VoIP service is then used by these channel segments to sell to small and medium sized business (SMB) customers and rural customers who don’t have the network, the back office or the expertise to deploy VoIP to their customer base.

Since SinglePipe offers turnkey solutions for residential VoIP, hosted PBX and SIP Trunking over its highly reliable network, it offers substantial flexibility and price point advantages for service providers.

Through its existing private network the company can provide wholesale local telephone service at a lower cost compared to traditional voice options. Additionally, the company can also offer the rapid and cost-effective introduction of new features and services at no additional cost.

SinglePipe Communications is a facilities-based wholesale communications provider of Voice over Internet Protocol (VoIP) services to CLECs, ISPs, cable companies, integrators and other technology service providers.

Chrysalis Ventures is a major source of equity capital for young growth companies in the Midwest and South. Founded in 1993, Chrysalis invests primarily in early-stage and expansion-stage companies in healthcare services and technology, media and communications, and business services.

What’s the number one VoIP conference in terms of attendance? What’s the leading VoIP expo for exhibitors in terms of lead generation? And which VoIP industry event will feature special attractions for service providers, resellers, and the enterprise and SMB market, as well as an overview on the future of IP Telephony? Answer: INTERNET TELEPHONY Conference & EXPO EAST, January 23–26, 2007. See you in sunny Ft. Lauderdale!

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Anuradha Shukla is a contributing editor for TMCnet, covering call centers, CRM and information technology. To see more of her articles, please visit her columnist page.

(source: http://ipcommunications.tmcnet.com/hot-topics/ip-transition-enterprise/articles/4708-voip-service-provider-singlepipe-communications-receives-40-m.htm)

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