Onebox.com, an Application Service Provider
in the wireless and Internet communications markets, has raised $50 million
in a Series C round of financing, bringing the total amount of private
funding to nearly $70 million.
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This round was led by Meritech Capital Partners and includes investments from
Bowman Capital Management and international venture capital firms Vision
Capital and Macquarie Technology Funds.
IVP and Brentwood Venture Capital, which led the company through its first
two rounds of funding, also participated in this round.
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"Ongoing breakthroughs in IP telephony applications are putting wireless
telecommunications and the Internet on an fast track toward convergence, said
a Meritech Capital spokesman.
"With its application service provider (ASP)
business model, pure IP
infrastructure and massively scaleable architecture, Onebox.com is well
positioned to become the leading provider of integrated messaging services to
both telecom and Internet companies."
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http://www.pcworld.com/howto/bguide/0,guid,7,00.asp [ + quote] ireland Onebox merged with Phone.com in a deal worth $850 million.
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