Telesphere Networks gets $15 million - Phoenix Business Journal:

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The money comes from previous investors, includingg , LLC and , which put about $10 milliohn into the company last June for The company opened offices in Salt Lake City and Las Vegaw in the pasteighty months. “We have a pretty good footprinf in the West and Ithinki you’ll see us continue to expand on said Clark Peterson, the Scottsdale-based company’s CEO. Growth coulrd come through acquisitions or opening up in new he said, but declined to comment on whic h markets the company is targeting. It now has customerss in 44 states. Revenue increased 60 percenr last year, although Peterson declined to releas theactual figures.
The companh also added 60 employees and now has morethan 100. Telesphere marketa a centrally hosted, voice over Internet protoco l PBX phone system to small andmidsizw businesses. The setup is toutec as a capital-saving alternative to traditionak units that are housed atthe customers’ location. In the past the economic crisis has pushed morebusinesx Telesphere’s way as companiezs look for ways to save and some of that has come from large firm s looking to control costs, Peterso n said. Telesphere is a good targetf for investors because of the marketit serves, said Dennis chairman of Rally Capital and Telesphere.
Initial investors are back because of thegrowth they’ve seen in a shorrt period of time, he said. “With Telesphere, what’as been very interesting to us is the amount of adoption inthis environment,” Weibling A veteran of wireless carrier Nextelo and others in the telecom Weibling said he sees comparisons betweejn what Telesphere offers and Nextel’s “push to feature, which was a boon for its sales to smalol and midsize companies.