FaceTime Communications receives $6.5 million capital investment
Furthering its leadership as the premier provider of solutions that secure, manage, and extend instant messaging (IM) and other forms of real-time communications in the enterprise, FaceTime Communications today announced the company has received a strategic capital investment from its investors BA Venture Partners, Sutter Hill Ventures and TH Lee Putnam Ventures. This financing round marks a combined total of $14.5 million invested in the company since July 2001.
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FaceTime Communications is the most widely deployed provider of extensible, end-to-end IM security and management solutions that address network and information security, regulatory and corporate compliance, and call center customer service. The Company will leverage this investment to expand sales, marketing and research and development efforts in order to fully capitalize on the rapid growth of IM in the enterprise.
"FaceTime Communications has had tremendous success in delivering superior, extensible solutions to hundreds of enterprise IM customers worldwide," said Kailash Ambwani, president and CEO of FaceTime Communications. "The continued support from our existing investors is a testament to the company's strength. This latest investment will allow us to continue to meet the needs of our customers worldwide and expand our leadership in the marketplace."
"2004 will be a year of very rapid growth for enterprise instant messaging," said Tench Coxe, managing director of Sutter Hill Ventures. "FaceTime has pioneered the IM security, management and control category and is best poised to meet the new demands of a burgeoning market. This strategic round of financing demonstrates our deep commitment to the company and its continued growth potential. FaceTime's visionary management team; award-winning technology; solid execution and customer base; and established network partnerships position the company for continued leadership in delivering business-critical, enterprise IM solutions on a global scale."