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05/03/2007

EQO Communications Secures $9 Million in Series B Funding

 

EQO Communications, a leading provider of mobile internet phone services, recently announced that the company has received a $9 million Series B financing to fund its global expansion. The financing round was led by Ventures West and included investments from existing investors GrowthWorks and BDC Capital.

“We're ecstatic about having Ventures West on board - their investment track record over the past 30 years speaks volumes to their confidence in our opportunity,” said EQO Chief Executive Officer Bill Tam. “By extending our relationships with GrowthWorks and BDC Capital, in addition to this new partnership with Ventures West, we will be in a great position to expand our product portfolio and fund our global presence with products and services that mobile users will love.”

Since its unveiling at DEMO 2006, EQO has established itself as the premier mobile solution for avid users of Skype, AIM, ICQ, MSN Messenger, GoogleTalk and Yahoo! Instant Messenger networks.

“EQO is revolutionizing the mobile experience, bringing the best of the web, Instant Messaging and Voice-Over-IP to everyday consumer handsets,” said Sam Znaimer, Senior Vice President, Ventures West. “They have a clear vision for Mobile 2.0, galvanized by enthusiastic users around the world.”

In addition to using funds to fuel global expansion, EQO will also add depth to their team and invest in new products and services that leverage the company's core value around enhancing the mobile communications experience.

EQO Communications is a Vancouver, Canada-based Company focused on changing the landscape and economics of mobile communications for consumers around the world. Applying the business rules of the Internet to mobile services, EQO has developed a revolutionary mobile consumer voice and messaging service that reduces international calling costs and keeps people connected to their friends and contacts from a single phone application. Using a proprietary mobile soft-switch platform and a presence-enabled Voice-over-IP (VoIP) signaling network, EQO is capable of delivering presence-enabled voice calling and instant messaging services to millions of mobile handsets available worldwide.

For more information, please visit www.eqo.com