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April 07, 2009

Voiceserve's Voipswitch Acquisition Paying Dividends

By Tim Gray, TMCnet Web Editor

Voiceserve’s acquisition of Voipswitch is already yielding the anticipating dividends as the London-based company has announced the Voipswitch softswitch solution has contributed significantly to its overall gross profits.
In a preliminary filing for the fiscal fourth quarter of 2009, the company announced anticipated revenues of approximately $454,000 from the solution. These results compare to revenue of $354,632 from the sale of software licenses for the last quarter ending December 31, 2008.
"This strong quarter caps an extraordinary year for Voiceserve. Selling an increasing amount of Voipswitch products is something we are all very proud of," said Michael Bibelman, Voiceserve's CEO. "Looking forward, we anticipate that 2009 and 2010 are likely to be one of the most exciting years in Voiceserve's history."
These preliminary results may be subject to adjustment following the audited accounting due with the filing of the company's Form 10-k for this period, according to Bibelman.
After Voiceserve completed the acquisition of Voipswitch, a VoIP platform company offering an all-in-one services management platform, the company has been able to expand its position in the wholesale telecom space.
The deal for Voipswitch – which develops VoIP platform solutions for global telecommunications service providers, helping operators deliver secure, reliable services that are fully interoperable with other IP telephony standards and systems – is expected to generate approximately $1 million in annualized revenues, according to the company.
The 2008 acquisition, valued at approximately $3 million, has allowed Voiceserve to make moves in the wholesale telecom space with new offerings and increased services across a wide spectrum of the global telecom industry.
The idea behind joining forces was to create a huge range of telecom features that enable registered users unlimited access and control globally via the Internet. The variety of features can be adapted accordingly, giving Voiceserve an advantage with regard to competitors, according to the company.
"Our products have developed real momentum, and delivered superior revenue growth and substantially improved our performance,” said Alexander Ellinson, president of  Voiceserve. “Our Voipswitch platform has rolled out its latest features, including the IP-PBX (News - Alert) and mobile phone software.”
As TMCnet reported, Voipswitch recently unveiled the latest version of its ‘softphone’ software called Vippie. The newly developed VoIP software, "Vippie Softphone" allows users to make phone calls from computer over the Internet platform. SMS services offered by the software differentiates it from other service providers because the product.
 “The company's central functions have been streamlined and successful new business initiatives have been launched to sustain our drive for further growth," said Ellinson.

Tim Gray is a Web Editor for TMCnet, covering news in the IP communications, call center and customer relationship management industries. To read more of Tim’s articles, please visit his columnist page.

Edited by Tim Gray

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