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Fonality Gets Funding from Intel Capital

Lora Bentley

The newest entry into the ever-expanding open source-based phone system market just received $7 million in venture capital, reports LinuxInsider.com. Intel Capital led the new round of funding for Los Angeles-based Fonality.

 

The company offers an Asterisk-based phone system, PBXtra, that uses IP technology. Customers can use the system whether or not they have VoIP capability, however. Because it's based on open source, PBXtra can cost as little as one-tenth the price of a traditional phone system, the story says.

 

According to company statements, Fonality has around 1,600 business customers and 40,000 individual users in 25 countries. Revenue is reportedly increasing by 10 percent month over month.


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