Blue-Silicon-tm- Secures $10 Million in Funding With Softbank Venture Capital as Lead Investor.Business Editors SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--July 10, 2000 Blue-Silicon(tm), the provider of extended enterprise messaging(sm) solutions to businesses around the world, today announced it has secured $10 million in venture capital funding led by SOFTBANK Venture Capital, with NEXUS Group and WK Technology Fund. Blue-Silicon will use the funding to launch and market its extended enterprise messaging solution in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . A new and differentiated category, extended enterprise messaging combines voicemail, fax, wireless and e-mail messaging to extend the reach of service providers, by integrating with existing e-mail infrastructure, Centrex and more than 90 types of corporate PBX (Private Branch eXchange) An inhouse telephone switching system that interconnects telephone extensions to each other as well as to the outside telephone network (PSTN). systems. "We believe Blue-Silicon is uniquely positioned to lead the extended enterprise messaging market," said Bradley Feld, principal managing director of SOFTBANK Venture Capital. "Incredible opportunities exist within this market, and the fact that Blue-Silicon offers PBX integrated messaging is a huge differentiator." In early 2000, Blue-Silicon successfully spun-off of its Asian operation, UniCONN, to focus on the burgeoning U.S. business-to-business market. UniCONN is a leading provider of consumer messaging services in Asia, with an established base of 1.4 million subscribers. Building on this success Blue-Silicon is a mid-source Application Service Provider (ASP) which partners with other service providers such as Incumbent Local Exchange Carriers ILEC, short for incumbent local exchange carrier, is a local telephone company in the United States that was in existence at the time of the break up of AT&T into the Regional Bell Operating Companies (RBOCs) also known as the "Baby Bells". (ILECs), Competitive Local Exchange Carriers (CLECs), Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISPs) and IP Telephony The two-way transmission of voice over a packet-switched IP network, which is part of the TCP/IP protocol suite. The terms "IP telephony" and "voice over IP" (VoIP) are synonymous. (VoIP) providers to deliver subscription-based extended enterprise messaging to corporate customers. With Blue-Silicon's outsourced business model, integration with existing telecommunication infrastructure, and scalable global messaging network, service providers can rapidly deploy extended enterprise messaging to their customers and begin generating significant additional revenue from these services. "The financing we've received allows us to provide an unprecedented level of messaging integration for enterprise subscribers," said Jack Chang, President of Blue-Silicon. "We plan to build on our current success and deploy our outsourced messaging services for enterprise subscribers worldwide." About Blue-Silicon Blue-Silicon is the leading provider of extended enterprise messaging (EEM EEM Electronic Engineers Master (commodity codes) EEM Energy Efficient Mortgage EEM external elastic membrane (cardiology) EEM Enterprise Energy Management ) to businesses around the world. Combining voicemail, fax, wireless and e-mail messaging, Blue-Silicon's mid-sourced ASP solution extends the reach of service providers, integrating with existing e-mail infrastructure, Centrex and more than 90 types of corporate PBX systems. Established in 1997 and venture backed, Blue-Silicon(tm) is headquartered in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. with Points of Presence (POPs) in over 100 cities around the world. About SOFTBANK Venture Capital SOFTBANK Venture Capital works with the best entrepreneurs to create the most powerful companies of the Internet economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. . SOFTBANK Venture Capital has $2.5 billion under its management, over 150 leading Internet companies in its portfolio, and an unparalleled investment team of former CEOs and entrepreneurs, technology pioneers, senior executives from major technology corporations, and leaders from the investment banking community. Companies in its portfolio include Art Technology Group, BUY.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. , E*TRADE, Interliant, iPrint.com, Net2Phone, PeoplePC, Preview Systems, Support.com and TeraBeam Networks. |
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