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December 14, 2012

Telstra Signs $4 Million Investment Deal with Whispir

By Kasey Schefflin-Emrich, TMCnet Contributing Writer

Telstra (News - Alert) recently signed a $4 million investment deal with Whispir, an Australian cloud-based software company, to assist them with their efforts in international expansion.

The investment will enable the company to offer its mobile, e-mail, voice and digital technology to organizations outside the region, especially in Asia.

"We have already established operations in Singapore, where four full time sales staff are based," Jeromy Wells, CEO of Whispir, said in a statement.

"This investment by Telstra will help us fast track our expansion in other markets. With Whispir's product depth and Telstra's reach we are focused on continuing to grow our business both domestically and internationally. We have seen significant growth in key vertical markets like banking and finance, utilities, transportation and emergency services."

The investment deal with Telstra comes just a year after Whispir was offered a two million grant from the federal government's Commercialisation Australia program to develop a crisis management platform that will inform individuals of emergencies and breaking news events as they happen.

Nonetheless, the recent investment will surely provide the company with the opportunity to grow.

"With today's announcement Telstra has recognized that we have a market-disruptive solution and compelling business model with potential for significant international expansion," Wells said.

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Edited by Brooke Neuman
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