Tello Secures $10 Million in Series B Funding; BCE Capital Leads Second Round for Unified Communication and Collaboration Service Provider.SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif. -- Tello Corporation, a provider of OnDemand unified communication and collaboration services, has secured $10 million in Series B funding. BCE BCE abbr. 1. Bachelor of Chemical Engineering 2. Bachelor of Civil Engineering BCE Abbreviation for before the Common Era. Capital led the round, with Tello's existing investors, including Eagle River, Evercore Partners Evercore Partners NYSE: EVR is a boutique investment bank and private equity investment firm located in New York. It was founded by Blackstone Group alumni Austin Beutner and Roger Altman in 1996. , Rho Ventures, and Intel Capital also participating. Tello will use the funding to further develop its OnDemand Unified Communication and Collaboration service designed for individual professionals, SMBs and work teams, before bringing it to market later this year. Doug Renert, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. at Tello, commented: "BCE Capital has a successful track record of investing and actively supporting emerging leaders in the field of next-generation communications. We share with BCE a common vision of what Tello will become and are delighted to have them join our team." Gary Rubinoff, managing partner at BCE Capital, has joined Tello's board of directors. "We are very enthusiastic about our investment in Tello," said Mr. Rubinoff. "The unified communication category is taking off and Tello is well positioned to become a leader by delivering breakthrough productivity enhancement at a disruptively low price." About Tello Corporation Tello provides an OnDemand Unified Communication and Collaboration service that accelerates and improves business interactions for professionals, SMBs and work teams. The Tello service enables users to filter inbound communications, improve control of outbound communications, and enhance every interaction they engage in with others. The service is simple to set up, offers a transformative user experience, and is surprisingly affordable. The company is privately-held, with a group of investors that includes BCE Capital, Eagle River, Evercore Partners, Rho Ventures and Intel Capital. Tello is headquartered in San Mateo, California San Mateo is a city in San Mateo County, California, in the San Francisco Bay Area. It is one of the larger suburbs on the San Francisco Peninsula, located between Burlingame to the north, Foster City to the East, and Belmont to the south. . For more information, visit www.Tello.com. About BCE Capital BCE Capital is a leading Canadian venture capital firm. Founded in 1987, the firm has built a track record of investing in and developing some of the most successful emerging growth communications and information technology companies in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . BCE Capital has backed over 40 management teams, and has seen several of them through IPOs and acquisitions. Currently, the firm is investing in Fund IV, a US$200 million fund focusing on early-stage communications and IT companies. BCE Capital is affiliated with Bell Canada Bell Canada Enterprises (TSX: BCE, NYSE: BCE), legally BCE Inc., is a major Canadian telecommunications company. Through its subsidiaries including Bell Canada, Bell Aliant, Northwestel, Télébec, and NorthernTel, it is the incumbent local exchange carrier for Enterprises (BCE), Canada's largest communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. . Through its main subsidiary Bell Canada, BCE provides local telephone, long distance, wireless communications, internet access, data, satellite television and other services to residential and business customers through some 27 million customer connections. For more information, visit www.bcecapital.com. |
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