Jajah Announces $20M Series C Investment Round with Intel Capital as Lead Investor
Mountain View, CA, May 11, 2007 --(PR.com)-- JAJAH today announced it has received funding from Intel Capital, the venture capital arm of Intel Corporation. Intel Capital has invested an undisclosed amount as the lead investor in JAJAH's Series C round. The funds will be used to accelerate the development of next generation communication solutions on a global scale.
Additionally, a business agreement was made with Intel Corporation that includes business and marketing components. Intel will provide JAJAH access to their extensive community of product dealers, OEM customers and developers, to further their reach into global development communities. As an Intel Capital portfolio company, Jajah will also be able to participate in Intel Capital's IP Access Program, which will give Jajah access to Intel's extensive VoIP patent portfolio.
"This investment fits with Intel's product initiatives and our global communication strategy," said Stephen Saltzman, director of strategic investments, Intel Capital. "Innovative technologies in this space, such as JAJAH's, are creating new ways of communicating that can improve productivity and collaboration, as well as lower telephony costs."
"Intel Capital is an investor we were looking for," said Trevor Healy, JAJAH CEO. "Our shared vision combined with their extensive relationships with product dealers, software developers, as well as their resources and technology, makes this a significant development for both companies and our industry. We couldn't be more pleased and look forward to the obvious opportunities this represents."
"The deeper JAJAH can be embedded into Intel solutions, the better for customers everywhere," said Roman Scharf, JAJAH co-founder. "It is our intention to bring a best-of-class, next generation solution to the market which can be embedded and optimized for any computing device."
"Our vision is to lead the way into the next generation of communication," said Daniel Mattes, JAJAH co-founder and chief architect. "All voice communication will soon be IP-based. The lines between computers and phones are gradually being removed. Phones are quickly turning into computers and computers are quickly turning into phones. We need to marry phones and computers in a fundamental way."
JAJAH Appoints CFO
In an additional announcement, JAJAH has appointed Jeff Baeth to the position of CFO. Mr. Baeth brings over 20 years of public company experience to JAJAH. "We are fortunate to have Jeff join the JAJAH team," said Trevor Healy, JAJAH, CEO. "His history at VeriSign, Adobe and KPMG complement the rest of the executive team who bring experience from companies like Intel, Apple, SAP, Visa and eBay. Jeff brings the perfect skills to complement an already phenomenal executive team."
About JAJAH
JAJAH (www.jajah.com) is dedicated to bringing users vastly improved telephony solutions at a fraction of the traditional price. JAJAH enables consumers to make free and low-cost telephone calls, locally or globally, dialing from either their computers or mobile phones. By combining the best of the Internet with the best of the existing telephony infrastructure, JAJAH removes the barriers to communication and makes it easier for people everywhere to stay in touch. JAJAH was founded in 2005, and has offices in Mountain View, Calif., and in Luxembourg.
About Intel Capital
Intel Capital, Intel's venture capital organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing, and cleantech. Since 1991, Intel Capital has invested more than U.S. $6 billion in approximately 1,000 companies in over 40 countries. In that timeframe, about 157 portfolio companies have gone public on various exchanges around the world and another 187 have been acquired by other companies. In 2006, Intel Capital invested about US$1.07 billion in 163 deals with approximately 60 percent of funds (excluding Clearwire) invested outside the United States. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com.
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Additionally, a business agreement was made with Intel Corporation that includes business and marketing components. Intel will provide JAJAH access to their extensive community of product dealers, OEM customers and developers, to further their reach into global development communities. As an Intel Capital portfolio company, Jajah will also be able to participate in Intel Capital's IP Access Program, which will give Jajah access to Intel's extensive VoIP patent portfolio.
"This investment fits with Intel's product initiatives and our global communication strategy," said Stephen Saltzman, director of strategic investments, Intel Capital. "Innovative technologies in this space, such as JAJAH's, are creating new ways of communicating that can improve productivity and collaboration, as well as lower telephony costs."
"Intel Capital is an investor we were looking for," said Trevor Healy, JAJAH CEO. "Our shared vision combined with their extensive relationships with product dealers, software developers, as well as their resources and technology, makes this a significant development for both companies and our industry. We couldn't be more pleased and look forward to the obvious opportunities this represents."
"The deeper JAJAH can be embedded into Intel solutions, the better for customers everywhere," said Roman Scharf, JAJAH co-founder. "It is our intention to bring a best-of-class, next generation solution to the market which can be embedded and optimized for any computing device."
"Our vision is to lead the way into the next generation of communication," said Daniel Mattes, JAJAH co-founder and chief architect. "All voice communication will soon be IP-based. The lines between computers and phones are gradually being removed. Phones are quickly turning into computers and computers are quickly turning into phones. We need to marry phones and computers in a fundamental way."
JAJAH Appoints CFO
In an additional announcement, JAJAH has appointed Jeff Baeth to the position of CFO. Mr. Baeth brings over 20 years of public company experience to JAJAH. "We are fortunate to have Jeff join the JAJAH team," said Trevor Healy, JAJAH, CEO. "His history at VeriSign, Adobe and KPMG complement the rest of the executive team who bring experience from companies like Intel, Apple, SAP, Visa and eBay. Jeff brings the perfect skills to complement an already phenomenal executive team."
About JAJAH
JAJAH (www.jajah.com) is dedicated to bringing users vastly improved telephony solutions at a fraction of the traditional price. JAJAH enables consumers to make free and low-cost telephone calls, locally or globally, dialing from either their computers or mobile phones. By combining the best of the Internet with the best of the existing telephony infrastructure, JAJAH removes the barriers to communication and makes it easier for people everywhere to stay in touch. JAJAH was founded in 2005, and has offices in Mountain View, Calif., and in Luxembourg.
About Intel Capital
Intel Capital, Intel's venture capital organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing, and cleantech. Since 1991, Intel Capital has invested more than U.S. $6 billion in approximately 1,000 companies in over 40 countries. In that timeframe, about 157 portfolio companies have gone public on various exchanges around the world and another 187 have been acquired by other companies. In 2006, Intel Capital invested about US$1.07 billion in 163 deals with approximately 60 percent of funds (excluding Clearwire) invested outside the United States. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com.
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Contact
JAJAH Inc.
Frederik Hermann
+1-650-963-4995
www.jajah.com
http://blog.jajah.com/press_kit/intel.html
Frederik Hermann
+1-650-963-4995
www.jajah.com
http://blog.jajah.com/press_kit/intel.html
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