Home Stories VoIP Service Providers JAJAH Scores Big With Investment From Deutsche Telecom

JAJAH Scores Big With Investment From Deutsche Telecom

Written by Administrator

Wednesday, 30 May 2007

JAJAH announced today that T-Online Venture Fund -- the investment arm of Deutsche Telekom -- has joined JAJAH's $20 million Series C investment. The investment signals a change in the global communication landscape, as it is the first time in history that a major carrier has embraced a VoIP company. "This is a big moment in telephony history," said JAJAH co-founder Roman Scharf. "The implications for both carriers and consumers are enormous. JAJAH is about bringing low-cost and innovative solutions to the global marketplace. This will be abig win for consumers everywhere." Today's news follows an announcement earlier in the month by Intel Capital, the investment arm of Intel Corporation. Like Deutsche Telekom, Intel has made a strategic investment in JAJAH, giving the company the resources, reach and IP protection it needs to continue to deliver global Web-based phone solutions. Daniel Mattes, JAJAH co-founder: "Our vision is to build the next generation global communication company. Having both Intel and Deutsche Telekom as investment partners will help make this vision a reality." Deutsche Telekom, also recognized by its mobile arm, T-Mobile, is well known for service and technology innovation. The company is already in the process of embedding JAJAH into its own web properties and expects to offer consumer and business solutions based on JAJAH technology in the future. "The communication landscape is rapidly evolving," said Andreas Kindt, Chairman of the Investment Committee of T-Online Venture Fund and Member of T-Com Management Board for IT. "By investing in companies like JAJAH, we will be able to continue to bring users around the world the innovative solutions they are looking for." "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."

 

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