Monday, November 20, 2006

Natural Convergence Raises $10 Million in Funding

Natural Convergence, a start-up based in Ottawa, secured US$10 million in series C financing for its VoIP application software for service providers.

Natural Convergence's "silhouette" application replaces traditional key systems, combining familiar functionality with cost and performance advantages. Its go-to-market channel strategy is optimized to the buying habits of small businesses - from value-added resellers, through service providers and original equipment manufacturers.

The funding round was led by Wesley Clover and BDC Venture Capital, and brought the total investment in Natural Convergence to US$29 million. Wesley Clover is the venture capital company founded and chaired by telecommunications industry leader Terry Matthews. Other investors include VIMAC and Desjardins Venture Capital Group, as well as early investors Jefferson Partners, Primaxis Technology Ventures Inc., and Purple Angel.

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