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Telesphere Nets $32M in Two Years

Indicating the strong growth that hosted VoIP providers continue to enjoy in the recession, Telesphere said it has closed new funding of around $7 million. The company said it’s received a total of $32 million over the last two years.

Telesphere’s backers are not exactly household names: Rally Capital, Hawkeye Investments and the Greenspun Corporation. The latter is a family-owned Nevada firm with extensive investments in travel, media, and gaming.

The funding news comes a few months after Phoenix-based Telesphere announced that it would acquire Denver-based Unity Business Networks. That deal has now closed. Unity offers “world-class back office systems that will augment our ability to provide a superior customer experience to business telecommunication companies across the United States,” said Telesphere CEO Clark Peterson, in a statement.


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