LogiSense Client Telesphere to Receive Additional Funding

A valued LogiSense client, Phoenix-based Telesphere, a provider of PBX, VoIP, business phone and Internet services, said late Friday that it has closed on additional funding According to a recent regulatory filing by the firm, it has just received $14.7M.

This investment is our most significant yet, given we now have the funding to support our growth through cash flow positive status. This puts Telesphere in an elite group of communications providers. With this additional capital, we will continue to invest in the company to ensure we are providing award-winning customer service and leading the dramatic shift of businesses moving their voice and data services to the Cloud.

Clark Peterson, CEO of Telesphere

This news comes on the heels of Telesphere being recognized last month as one of the top 10 fastest growing companies headquartered in Arizona at the annual Ace Awards event. Other winners included GoDaddy, LifeLock and Sprouts Farmers Markets.

We are grateful to our investors who have continued to show confidence in Telesphere, continued Peterson. It goes to show there is great optimism about the multi-billion dollar market opportunity for hosted communications in the Cloud and the future of Telesphere.

Telesphere continues to grow rapidly despite challenging economic times due to increased demand from businesses to receive voice and data services hosted in the "Cloud." Cloud-based services save businesses the costs of on-premises PBX voice systems and give users the ability to integrate solutions across voice and data services.


About Telesphere
Telesphere is the leading pure-play provider of unified cloud communications. It leads the market by delivering carrier-grade performance and support for wire-line and mobile devices to business over its private IP MPLS network; one of the largest of its kind in the nation. Offering a fully-integrated suite of unified communications capabilities, Telesphere’s   hosted services allow business of any size to enjoy all the latest voice, video data and collaboration features of large enterprise systems without the costly investment in on-premise equipment. For more information visit www.telesphere.com

About LogiSense Corporation
LogiSense is a global provider of Rating and Billing software, services and solutions to the Telecommunications, Hosted Communications, Convergent, and Broadband Industries. To win in the connected world, SPs rely on LogiSense' EngageIP® Rating and Billing products to Automate, Optimize, and Simplify their back-office requirements such as billing, order management, rating, provisioning, taxing, invoice presentment, and customer self-care - while staying ahead of their competitors with new service offerings, and improved operational efficiency.

Experience and expertise in voice, video, data and content services, LogiSense offers a broad portfolio of licensed and/or Billing-as-a-Service (BaaS)-based Billing and OSS products and solutions, empowers its customers with proven technology, innovative software, technical expertise and unmatched support to quickly and cost-effectively design, build, deploy, manage, and monetize their respective solutions.

For more information about LogiSense, visit www.logisense.com