World VoIP NewsVoIP technology vendor Ringio acquires large investmentsVoIP technology vendor Ringio acquires large investments

VoIP technology vendor Ringio acquires large investments


VoIP technology vendor Ringio acquires large investments
The Center for Innovative Technology (CIT) has released a report about $100,000 investment in Virginia’s company Ringio, a technology cutting edge cloud-based utility for small and medium-sized businesses that conjoins all aspects of unified communications, mobile services, social media, as well as customer relationship management (CRM) features to enhance all measurable quantitative and qualitative aspects of users phone calls.
Ringio is headquartered in McLean.CIT President and CEO Pete Jobse stated, “Businesses like Ringio are altering the way the telecommunications industry operates, which is why we have forwarded the massive investment. Cloud-based communications are critical for the successful future of telecom as an growing amount of businesses adopt it in United States Virginia and worldwide, foreseen to deliver over $140 billion in revenues by 2014, according to Gartner.” Ringio’s essential marketing feature is its ability to pull all available data on the incoming caller from CRM utilities and social media applications in real time, using dedicated software of smart phone in order to improve both the customer’s and company’s call effectiveness. The service runs by offering customers a toll-free number that automatically attends and re-routes their phone calls in a specifically configured, personalized and professional way, to the designated phone of the most relevant employee. The Ringio service is offered directly to small businesses and through white label distribution channels. Sam Aparicio, Ringio CEO, described , “Each year billions of well leveraged interactions with customers and prospects at smaller businesses are dropped due to phone calls are either unnecessarily missed, misrouted, mismanaged or redirected to voicemail, which can be frustrating and costly to all involved. With Ringio, businesses can avoid all of these problems and become more customer-centric and more efficient in handling sales.” Tom Weithman, CIT Vice President and GAP Funds Managing Director, added , “We provide entrepreneurs like Sam Aparicio access to hard-to-access funds, while leveraging public and individual investments with the potential to bring up extraordinary economic returns for the Commonwealth of Virginia.” Since its 2005 launch, CIT GAP Funds has placed over 50 investments across the Commonwealth, deploying more than $5M of public funds and attracting $16 dollars of private funding for every $1 of public money invested. There are an estimated ten million companies in the market today perfectly poised for Ringio’s service; by 2014, it’s forecasted this market for Communications-as-a-Service (CaaS) will expand to be more than a $12.0 M industry.


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