Wednesday, October 3, 2012

Thinking Phone Raises $16.5 Million for Cloud Services

Thinking Phone Networks, a start-up based in Cambridge. Mass., raised $16.5 million in venture funding for its enterprise cloud communication services.

Thinking Phone Networks developed a multi-tenant cloud software platform that fosters ready integration of third-party off-the-shelf and “home grown” business applications such as CRM and ERP. In addition, the platform addresses the multi-faceted needs of service providers, PBX vendors, and channel partners seeking to easily deploy and scale differentiated cloud UC services. 

Thinking Phone Networks provides extensive back office service deployment, management, and billing tools that speed time-to-market and time-to-revenue.

The new funding was led by Advanced Technology Ventures (ATV) and Bessemer Venture Partners.