TeleContinuity, Inc. attracts Financing from Nobska Ventures
ROCKVILLE, Maryland, April 11, 2007
TeleContinuity, Inc. announced today that Nobska Ventures has provided bridge capital in preparation to a Series C financing later this year. TeleContinuity has now attracted total capital of more than $9mm, including funding from SoftCapital, private investors, the State of Maryland, and the National Institute of Standards and Technology's Advanced Technology Program (NIST-ATP).
“We are very pleased to attract Nobska Ventures, as they bring far more than just capital” said Roy Pinchot, CEO of TeleContinuity. “Nobska’s relationships and expertise in Homeland Security, financial services, and telecommunications will add significant value to our growth both here in the US and globally.
“TeleContinuity is increasingly being recognized as the only provider of truly “survivable” telecommunications to government and enterprise in the event of a disaster,” stated Charlie Moore, Managing Director of Nobska Ventures. “They are poised for extraordinary growth, with recent major wins with US government agencies and international financial institutions.”
About TeleContinuity, Inc.
Founded in the wake of September 11, 2001 , TeleContinuity, Inc. is focused on providing "survivable" backup telecommunications to government agencies and business customers worldwide. Positioned as "life insurance for your telecommunications system”, TeleContinuity restores incoming telephone service to users within minutes of any telecommunication outage, whether caused by natural disaster, earthquake, PBX failure, fiber cut, fire, flood, building evacuation, terror attack or other catastrophic event.
TeleContinuity's unique patent-pending technology will deliver incoming telephone calls to all subscribers at their existing telephone extensions -- over any device, at any location and over any network -- as though no service disruption had occurred. TeleContinuity is a fully outsourced service solution that can minimize, or even eliminate, the economic or service impact from a telecommunications disruption by offering subscribers the ability to maintain continuity of operations. The TeleContinuity "Survivable Network" maintains Points of Presence (POPS) across the United States, enabling TeleContinuity to provide national coverage to its subscribers.
TeleContinuity is a partner of Verizon Business which provides its services on a non-exclusive basis to the Federal Government through its WASP, WITS2001 and FTS2001 contract vehicles.
TeleContinuity, Inc. is a 2003 winner of The National Institute of Standards and Technology's Advanced Technology Program (NIST-ATP) Grant Competition, the 2004 State of Maryland Company of Year and the winner of the 2007 Frost & Sullivan Telecommunications Innovation Award. For more information, visit www.telecontinuity.com.