Jul. 11–VocalData Inc. of Richardson will announce Friday that Austin Ventures and other investors will put $12.5 million into the telecommunications software maker.
The money, the company’s third round of venture capital funding, will allow the firm to add more salespeople and fund operations, said Michael Camp, president and chief executive.
VocalData has raised $60 million since its 1998 inception.
The company makes software that allows phone companies to transport calls over data networks such as the Internet. Mr. Camp said the company has several customers and plans to add many more later this year.
“We are in a mode where we went out on the last round to build the corporate infrastructure so that we can support the growing customer base,” he said.
—–
To see more of The Dallas Morning News, or to subscribe to the newspaper, go to http://www.dallasnews.com.
(c) 2003, The Dallas Morning News. Distributed by Knight Ridder/Tribune Business News.
