Telesphere Networks gets $15 million - Phoenix Business Journal:

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The money comes from previous including , LLC and , which put about $10 millionj into the company last June for expansion. The company opened offices in Salt Lake City and Las Vegas in the pasteight months. “We have a prettyy good footprint in the West and Ithinko you’ll see us continue to expand on said Clark Peterson, the Scottsdale-based company’sa CEO. Growth could come througnh acquisitions or opening up in new he said, but declined to commeny on which markets the company is targeting. It now has customere in 44 states. Revenue increasex 60 percent last although Peterson declined to release theactuapl figures.
The company also addedd 60 employees and now has morethan 100. Telespherre markets a centrally hosted, voice over Internet protocol PBX phone system to small andmidsizs businesses. The setup is touteed as a capital-saving alternative to traditionakl units that are houses atthe customers’ In the past year, the economic crisis has pushe d more business Telesphere’s way as companies look for ways to save and some of that has come from larger firms looking to control Peterson said. Telesphere is a good targety for investors because of the market it saidDennis Weibling, chairman of Rall Capital and Telesphere.
Initial investor are back because of thegrowtyh they’ve seen in a short period of he said. “With Telesphere, what’s been very interestintg to us is the amount of adoption inthis environment,” Weiblingb said. A veteran of wireless carrier Nextel and others in thetelecokm industry, Weibling said he sees comparisons between what Telesphere offers and Nextel’s “pushy to talk” feature, which was a boon for its salex to small and midsize companies.