Ifbyphone Raises $8 Million For Cloud-Based Call Management Platform

Tuesday, 28 December 2010 17:10

Ifbyphone Raises $8 Million For Cloud-Based Call Management Platform

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Phone management system Ifbyphone has raised $8 million in Series B funding from the company’s CEO Irv Shapiro, Apex Venture Partners, Origin Ventures, Spring Mill Ventures, i2A Fund and Second Century Ventures (the National Association of Realtors’ investment fund). This brings the Chicago-based company’s total funding to $16 million.

Ifbyphone’s Web-based management applications allow businesses to track, route, and

automate phone calls to. Users can use the company’s software to manage call flow, set up virtual call centers, measure advertising, and to automate manual clerical tasks.

Earlier this year, Ifbyphone bought Cloudvox, a hosted service that allows developers to place, receive, and control phone calls from their own software (including Python, Ruby, PHP, Java, C#, and simple HTTP/JSON).

As part of the new investment, The National Association of Realtors will be collaborating with
Ifbyphone to develop voice solutions for its 1.1 million members.

UPDATE: The company has just announced that it has raised an additional $2 million in funding from River Cities Capital.

Ifbyphone Founder & CEO Irv Shapiro ays: “Our latest investments are a testament to the belief that people not only buy from other people but that people are going to talk and listen forever. It is as simple as this, to grow your business, talk to your customers.”

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