Small and medium-sized businesses can now move away from traditional telephony into the much acclaimed and touted VoIP world with the help from Lightyear's newly launched Hosted VoIP product.

In a press release, Stephen M. Lochmueller, CEO, Lightyear, said, “We are pleased to announce the launch of our new Hosted VoIP product, which further enhances our extensive product portfolio. It is a perfect offering for customers who not only are conducting domestic business, but are also dealing with the global community..”

He further added that VoIP was a cost-effective solution to the company's telecom needs and the new offering would enhance its organic growth and increase margins.

Lightyear Network Solutions (News - Alert) provides telecommunication services to large, medium and small businesses and to residential consumers throughout North America..Its Cloud-Based Voice Services offers a rapid and seamless integration from customers’ traditional PBX (News - Alert).

Its robust, reliable, flexible and scalable VoIP services can be quickly customized to suit individual and specific needs. It's considered as a valuable resource for customers in the SMB space as it benefits businesses with multiple locations and doesn't require investment in any hardware or software.

Authorized Lightyear agents also benefit from Lightyear’s new hosted VoIP product. Phil Maxson, a Lightyear agent whose telecom agency Telos, LLC is based in Lexington, Ky, was excited about the offering and said that Hosted VoIP offered a tremendous ROI with hard and soft savings for customers.

He spoke about the suitability of the product for his clients and said, “Hosted VoIP is a very attractive telecom solution for many of my clients for in addition to having a wide range of features and options, it includes unified messaging and mobile convergence.”

In other news, Lightyear Network Solutions (News - Alert) announced that it has launched its Mobile Virtual Network Operator operations under a new five-year agreement with Sprint.