SOURCE: Vocalocity

October 18, 2007 09:13 ET

Vocalocity Closes $8 Million in New Funding

Financing Follows Company's Expanding Presence as Leading Provider of Voice Communications Services to the Micro Enterprise

ATLANTA, GA--(Marketwire - October 18, 2007) - Vocalocity, the leading provider of hosted VoIP services to micro enterprises, today announced it has raised $8 million in Series A financing. Noro-Moseley Partners was lead investor with added participation from Pittco Capital Partners, Imlay Partners and Vocalocity management.

This round of funding comes as Vocalocity continues to experience exponential growth in providing its voice communications solution to the underserved market of businesses with less than 20 employees.

With a hosted solution that offers a trouble-free and straightforward approach to the often complicated process of installing and running a phone system, Vocalocity's solution instantly improves the efficiency of the micro enterprise while realizing a monthly cost savings of up to 80 percent over traditional phone services with flat rate pricing and minimal upfront capital costs.

"Vocalocity's world-class management team, combined with its focus on cost-effectively serving the micro enterprise, made this a very compelling investment for Noro-Moseley Partners' new fund NMP VI," said Alan Taetle, general partner, Noro-Moseley Partners. "We could not be more pleased to be partnering with Boris Jerkunica and Phil Hill, two highly successful serial entrepreneurs and co-founders of Vocalocity."

Micro enterprises gain a full set of voice communications tools from Vocalocity including auto-attendant, voicemail to e-mail, follow me roaming, music on hold, simultaneous ring, conference calling and call queuing. This feature-rich phone system is as easy to set up and administer as e-mail and with self-configuring VoIP phones and online management, businesses can have a new phone system up and running in minutes, not hours or days.

"Our commitment to and unsurpassed understanding of the micro enterprise market has allowed us to deliver a service that is being widely adopted by a part of the market that can truly benefit from VoIP," said Phil Hill, President, Vocalocity. "We're excited to help our customers succeed by providing them with a voice communications solution that has the same features and benefits enjoyed by a Fortune 500 company at a fraction of the price."

About Vocalocity

Vocalocity, founded in 2003, is the leading provider of Voice over Internet Protocol (VoIP) communication services to micro enterprises -- companies with fewer than 20 employees. Vocalocity's core offering, VocalocityPBX, is a hosted service providing customers with the quality and reliability of traditional PBX phone systems, with more features, flexibility and cost savings. For more information about Vocalocity, please visit www.vocalocity.com or call 678.528.9000.

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