T-online venture fund invests in Jajah
Jajah, the innovative web-based calling company, on Tuesday announced the investment of T-Online Venture Fund.
By INDIATIMES NEWS NETWORK |
CALIFORNIA: Jajah, the innovative web-based calling company, on Tuesday announced the investment of T-Online Venture Fund.
The fund is managed by T-Venture Holding GmbH, the corporate venture capital entity of Deutsche Telecom. The investment of the T-Online Venture Fund is part of a $ 20 million investment round, co-led by Intel Capital.
The agreement is unprecedented. Jajah is the first Voice 2.0 Company to receive this level of industry validation and support. The long-term implications can't be understated, said Roman Scharf, Jajah co-founder.
T-Online Venture Fund, already well known for service and technology innovation investments, is expecting attractive synergies for Deutsche Telecom business units by bringing Jajah web embedded solutions to consumer and business customers.
JAJAH brings together the best of the Internet with the best of telephony, said Trevor Healy, Jajah CEO. It is great to receive this validation from a clear leader in the telecommunications industry, whom we have always considered the key partner in offering world-class solutions to consumers.
The T-Online Venture Fund investment brings Jajah unprecedented strength, validation of our proposition, and confirmation of our leadership in voice communication solutions.
Deutsche Telecom, also known in the US for its mobile arm, T-Mobile, is one of the worldwide leading telecommunication companies with over 61 billion euros revenue in 2006.
Jajah is making strides not just by innovating, but also by collaborating with major industry leaders that can dramatically expand Jajah's market reach, said Will Stofega, analyst at IDC. It's a smart move, and Jajah is executing very well.
The fund is managed by T-Venture Holding GmbH, the corporate venture capital entity of Deutsche Telecom. The investment of the T-Online Venture Fund is part of a $ 20 million investment round, co-led by Intel Capital.
The agreement is unprecedented. Jajah is the first Voice 2.0 Company to receive this level of industry validation and support. The long-term implications can't be understated, said Roman Scharf, Jajah co-founder.
T-Online Venture Fund, already well known for service and technology innovation investments, is expecting attractive synergies for Deutsche Telecom business units by bringing Jajah web embedded solutions to consumer and business customers.
JAJAH brings together the best of the Internet with the best of telephony, said Trevor Healy, Jajah CEO. It is great to receive this validation from a clear leader in the telecommunications industry, whom we have always considered the key partner in offering world-class solutions to consumers.
The T-Online Venture Fund investment brings Jajah unprecedented strength, validation of our proposition, and confirmation of our leadership in voice communication solutions.
ADVERTISEMENT
Deutsche Telecom, also known in the US for its mobile arm, T-Mobile, is one of the worldwide leading telecommunication companies with over 61 billion euros revenue in 2006.
Jajah is making strides not just by innovating, but also by collaborating with major industry leaders that can dramatically expand Jajah's market reach, said Will Stofega, analyst at IDC. It's a smart move, and Jajah is executing very well.
ADVERTISEMENT
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
