StarVox Attracts $10 Million In Fourth Round Funding; IP Telephony Software Developer Will Use Investments To Expand Product Capabilities and Increase Support for Solution Partners

Business Wire, Dec 3, 2001

Business/Technology Editors

SAN JOSE, Calif.--(BUSINESS WIRE)--Dec. 3, 2001

StarVox, Inc., a leading provider of next generation telephony network software for service providers, today announced it has raised over $10 million in fourth round investor financing. The funds, which come from a broad base of institutional investors, will be used to increase product development and channel partner support. With completion of this latest round, total external investment in the company has now risen to more than $40 million.

Participating companies in StarVox's fourth round funding include Aspen Ventures, Compass Technology Partners, Information Technology Partners, INVESCO Funds Group, Novus Ventures, and Storm Venture Fund. Aspen Ventures, Compass Technology Partners, and Novus Ventures are all original investors in StarVox.

"StarVox looks forward to putting these additional resources to work to expand the solution capabilities offered by our partners for their telco and next generation service provider customers," said Al Wokas, chief executive officer of StarVox, Inc. "Our recent success shows there is continued strong demand for our lineup of value-added voice services software. With this round of financing complete, we can aggressively respond to our customers' demands to offer state-of-the-art communications services."

StarVox markets several leading products that allow telcos and Next Generation (NGN) service providers to provide carrier-grade voice services to business customers. StarVox VoIP Business Trunking with VPN enables Class 5 voice service along with a Virtual Private Network (VPN) platform that allows private network dialing capabilities. StarVox IP Centrex, another product for small-to-midsized companies, lets service providers deliver virtual Private Branch eXchange (PBX) over a managed IP network, providing end-users significant economies in internal, local, long distance, and data communication services.

StarVox products are sold and serviced through major solution providers such as Hewlett Packard as a complete, factory-integrated IP telephony solution for service providers. The HP/StarVox Next Generation Telephony Solution combines StarVox software with HP's Open Call Multi Controller application platforms and Cisco Powered Network equipment, making it a carrier-grade, industry-standard solution that will allow a full range of value-added services and upgrades. In addition, HP provides co-development, solution validation and single vendor accountability for design, global consulting, integration, installation, billing and support services, including the StarVox and Cisco components.

About StarVox

StarVox (www.starvox.com) provides key enabling software infrastructure technology for Next Generation Telephony solutions. StarVox carrier-class software products allow service providers to offer virtual PBX and Class 5 trunking applications via low cost VoIP gateways integrated with managed IP networks. StarVox's unique ability to seamlessly integrate existing PBX, PSTN, wireless and softswitch networks - and their disparate dial plans - to Next Generation Telephony networks enables service providers to migrate existing applications and provide new services not currently available on legacy networks, while protecting their existing network investments. Founded in 1997, StarVox is a privately held company headquartered in San Jose, California, with offices in London, New York, and Atlanta.

StarVox is a trademark of StarVox, Inc. Other products and company names herein may be trademarks of their respective owners.