[October 10, 2009] Atel Ventures Commits Financing to IntelePeer Tweet Oct 10, 2009 (Close-Up Media via COMTEX) -- Atel Ventures, a provider of secured financing to emerging growth companies, has invested $4 million in equipment financing to IntelePeer, a provider of hosted on-demand rich media communications. The financing will be used for the purchase and deployment of additional network infrastructure to support the company's growth. "IntelePeer is leading the charge with the evolution of communications-as-a-service delivered from the Cloud," said Steven Rea, Executive Vice President, Atel Ventures. "We have complete confidence in IntelePeer's ability to succeed in responding to its increased customer demand." IntelePeer's carrier-grade infrastructure handles billions of voice minutes per year, and ensures high-quality service through the company's redundant peering network that features direct connections with more than 50 service providers around the globe. "Our innovative services drive efficiencies and deliver immediate cost savings to our customers, which has created a surge in demand," said Andre Simone, CFO, IntelePeer. "Atel's equipment financing helps us scale quickly to satisfy our customer needs while growing the company in an appropriate way." ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]