Telesphere Closes Additional Funding, Totals More Than $50 Million Over Five-Year Period

PHOENIX - (Business Wire) Telesphere (www.telesphere.com), a nationwide hosted PBX, VoIP and Cloud Communications business phone and Internet services provider, today announced the closing of additional financing, totaling more than $50 million over the past five years.

"We are grateful to our investors who have continued to show confidence in Telesphere," continued Peterson. "It goes to show there is great optimism about the multi-billion dollar market opportunity for hosted communications in the Cloud and the future of Telesphere."

Telesphere continues to grow rapidly despite challenging economic times due to increased demand from businesses to receive voice and data services hosted in the "Cloud." Cloud-based services save businesses the costs of on-premises PBX voice systems and give users the ability to integrate solutions across voice and data services.

Nationwide business phone

Telesphere is a nationwide business phone and Internet services provider that delivers an innovative package of hosted VoIP telephone services and Internet access to businesses throughout the United States. As one of the first companies to offer hosted enterprise level communications as a service (CaaS), Telesphere allows businesses to enjoy all the latest voice and data features of large enterprises without costly investment in on-premises equipment. Telesphere's more than six years of CaaS experience to businesses throughout the United States places it at the forefront of companies that specialize in the convergence of office PBX phone service, cellular phones, PCs and Unified Communications features. Telesphere fully manages its customers' services over a private IP facilities-based network.