Reignmaker Communications, a leading
nationwide provider of VoIP Hosted PBX telephony services, today announced
the completion of $5.3 million in private funding through investment
banking firm Jones, Byrd & Attkisson.
Reignmaker Communications has deployed the investment to continue the
nation-wide network build-out of its REIGN-FREE(TM) Hosted PBX service,
thus creating efficiencies and maintaining best-in-class voice quality
optimized over the Voice over Internet Protocol (VoIP) network.
Reignmaker's REIGN-FREE hosted PBX offering already has gained customer
share by providing an array of web-based feature functionality and advanced
call-handling flexibility at a lower total cost of ownership than
traditional PBX systems.
"In the competitive Hosted PBX market, Reignmaker stands out - not just
in terms of its long-standing success in the market, but also in terms of
its vision for the future of the industry and its potential leadership
position within it," said Ronald Attkisson, President of Jones, Byrd &
Attkisson. "We're especially impressed with Reignmaker's ability, based on
its advanced IP platforms, to expand into new and exciting services without
having to change the framework of its hosted PBX network."
"Jones, Byrd & Attkisson is a well-respected investment banking firm in
Georgia, and we're extremely pleased with the confidence they've shown in
our business," said Steve Smithwick, CEO of Reignmaker Communications.
"Their belief in our vision and their investment in our company has
promoted Reignmaker's implementation of internal systems and infrastructure
to allow us to accommodate a rapidly growing customer base, including
high-volume growth via partnerships generated through our sales channel."
REIGNMAKER COMMUNICATIONS
Reignmaker Communications is the world's first end-to-end
communications provider, enabling small to medium-sized business customers
with comprehensive communication and technology services on both sides of
the "traditional" demarcation line via its nationwide flagship product,
Reignmaker REIGN- FREE(TM) Hosted Voice service. REIGN-FREE is a
Centrex/PBX-replacement service, which provides a vast array of web-based
feature functionality and advanced call-handling flexibility at a lower
total cost of ownership. Reignmaker Communications is a privately held
company headquartered in Atlanta, and offers service in more than 400 U.S.
cities. The Company has been in business since 1996.
Source: Reignmaker Communications
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