(The Hosting News) – TelStar Hosted Services, Inc., a leading provider of hosted call center software including automated voice messaging, announced today that it completed its latest equity round on April 27th, 2011. TelStar Hosted initially planned to raise $500,000 and oversubscribed the offering by nearly 30% as a result of strong investor interest. TelStar Hosted closed the round at nearly $650,000, from a mix of prior and new investors. TelStar Hosted will use the additional equity to fund continued growth as well as to expand sales and marketing initiatives.
“I’m pleased to note that, in this round, we attracted new investors as well as received additional investment from our previous investors, which indicates their confidence in our ability to grow profitably,” remarked CEO James P. Dunn.
“Our original investor group remains 100% committed and excited about our progress and plans. This raise, along with the completion of a debt financing package with Square 1 Bank earlier this year, provides needed capital to fuel growth,” noted Ralph Peluso, CFO and COO of TelStar Hosted.
About TelStar Hosted Services, Inc.
TelStar Hosted Services Inc., “Your Call Center in the Cloud,” is a leading communications-as-a-service technology provider offering blended call center services, predictive dialer capabilities, and automated voice messaging via the cloud. We allow clients to trade capital expenditures for operating expenses, and stay focused on their core business. Our feature rich, industry proven call center services can be deployed quickly and is affordabe across a distributed workforce. Housed in a world-class, SAS70 Type II compliant, secure data center, our affordable, scalable, flexible, stable and reliable IT Services are delivered by our service-oriented, highly professional team.
Media Contact: For more information, please contact Meghan Harris, SVP and CMO, TelStar Hosted Services Inc., visit http://www.TelStarHosted.com.