JAJAH Announces $20m Series C Investment Round with Intel Capital as Lead Investor
JAJAH announced it has received funding from Intel Capital, the venture
capital arm of Intel Corporation. Intel Capital has invested an undisclosed
amount as the lead investor in JAJAH's Series C round. The funds will be used
to accelerate the development of next generation communication solutions on a
global scale.
Additionally, a business agreement was made with Intel Corporation that
includes business and marketing components. Intel will provide JAJAH access to
their extensive community of product dealers, OEM customers and developers, to
further their reach into global development communities. As an Intel Capital
portfolio company, Jajah will also be able to participate in Intel Capital's
IP Access Program, which will give Jajah access to Intel's extensive VoIP
patent portfolio.
"This investment fits with Intel's product initiatives and our global
communication strategy," said Stephen Saltzman, director of strategic
investments, Intel Capital. "Innovative technologies in this space, such as
JAJAH's, are creating new ways of communicating that can improve productivity
and collaboration, as well as lower telephony costs."
"Intel Capital is an investor we were looking for," said Trevor Healy,
JAJAH CEO. "Our shared vision combined with their extensive relationships with
product dealers, software developers, as well as their resources and
technology, makes this a significant development for both companies and our
industry. We couldn't be more pleased and look forward to the obvious
opportunities this represents."
"The deeper JAJAH can be embedded into Intel solutions, the better for
customers everywhere," said Roman Scharf, JAJAH co-founder. "It is our
intention to bring a best-of-class, next generation solution to the market
which can be embedded and optimized for any computing device."
"Our vision is to lead the way into the next generation of communication,"
said Daniel Mattes, JAJAH co-founder and chief architect. "All voice
communication will soon be IP-based. The lines between computers and phones
are gradually being removed. Phones are quickly turning into computers and
computers are quickly turning into phones. We need to marry phones and
computers in a fundamental way."
JAJAH Appoints CFO
In an additional announcement, JAJAH has appointed Jeff Baeth to the
position of CFO. Mr. Baeth brings over 20 years of public company experience
to JAJAH. "We are fortunate to have Jeff join the JAJAH team," said Trevor
Healy, JAJAH, CEO. "His history at VeriSign, Adobe and KPMG complement the
rest of the executive team who bring experience from companies like Intel,
Apple, SAP, Visa and eBay. Jeff brings the perfect skills to complement an
already phenomenal executive team."
About JAJAH
JAJAH (http://www.jajah.com) is dedicated to bringing users vastly
improved telephony solutions at a fraction of the traditional price. JAJAH
enables consumers to make free and low-cost telephone calls, locally or
globally, dialing from either their computers or mobile phones. By combining
the best of the Internet with the best of the existing telephony
infrastructure, JAJAH removes the barriers to communication and makes it
easier for people everywhere to stay in touch. JAJAH was founded in 2005, and
has offices in Mountain View, Calif., Tel Aviv and Luxembourg.
About Intel Capital
Intel Capital, Intel's venture capital organization, makes equity
investments in innovative technology start-ups and companies worldwide. Intel
Capital invests in a broad range of companies offering hardware, software, and
services targeting enterprise, home, mobility, health, consumer Internet,
semiconductor manufacturing, and cleantech. Since 1991, Intel Capital has
invested more than U.S. $6 billion in approximately 1,000 companies in over 40
countries. In that timeframe, about 157 portfolio companies have gone public
on various exchanges around the world and another 187 have been acquired by
other companies. In 2006, Intel Capital invested about US$1.07 billion in 163
deals with approximately 60 percent of funds (excluding Clearwire) invested
outside the United States. For more information on Intel Capital and its
differentiated advantages, visit www.intelcapital.com.
capital arm of Intel Corporation. Intel Capital has invested an undisclosed
amount as the lead investor in JAJAH's Series C round. The funds will be used
to accelerate the development of next generation communication solutions on a
global scale.
Additionally, a business agreement was made with Intel Corporation that
includes business and marketing components. Intel will provide JAJAH access to
their extensive community of product dealers, OEM customers and developers, to
further their reach into global development communities. As an Intel Capital
portfolio company, Jajah will also be able to participate in Intel Capital's
IP Access Program, which will give Jajah access to Intel's extensive VoIP
patent portfolio.
"This investment fits with Intel's product initiatives and our global
communication strategy," said Stephen Saltzman, director of strategic
investments, Intel Capital. "Innovative technologies in this space, such as
JAJAH's, are creating new ways of communicating that can improve productivity
and collaboration, as well as lower telephony costs."
"Intel Capital is an investor we were looking for," said Trevor Healy,
JAJAH CEO. "Our shared vision combined with their extensive relationships with
product dealers, software developers, as well as their resources and
technology, makes this a significant development for both companies and our
industry. We couldn't be more pleased and look forward to the obvious
opportunities this represents."
"The deeper JAJAH can be embedded into Intel solutions, the better for
customers everywhere," said Roman Scharf, JAJAH co-founder. "It is our
intention to bring a best-of-class, next generation solution to the market
which can be embedded and optimized for any computing device."
"Our vision is to lead the way into the next generation of communication,"
said Daniel Mattes, JAJAH co-founder and chief architect. "All voice
communication will soon be IP-based. The lines between computers and phones
are gradually being removed. Phones are quickly turning into computers and
computers are quickly turning into phones. We need to marry phones and
computers in a fundamental way."
JAJAH Appoints CFO
In an additional announcement, JAJAH has appointed Jeff Baeth to the
position of CFO. Mr. Baeth brings over 20 years of public company experience
to JAJAH. "We are fortunate to have Jeff join the JAJAH team," said Trevor
Healy, JAJAH, CEO. "His history at VeriSign, Adobe and KPMG complement the
rest of the executive team who bring experience from companies like Intel,
Apple, SAP, Visa and eBay. Jeff brings the perfect skills to complement an
already phenomenal executive team."
About JAJAH
JAJAH (http://www.jajah.com) is dedicated to bringing users vastly
improved telephony solutions at a fraction of the traditional price. JAJAH
enables consumers to make free and low-cost telephone calls, locally or
globally, dialing from either their computers or mobile phones. By combining
the best of the Internet with the best of the existing telephony
infrastructure, JAJAH removes the barriers to communication and makes it
easier for people everywhere to stay in touch. JAJAH was founded in 2005, and
has offices in Mountain View, Calif., Tel Aviv and Luxembourg.
About Intel Capital
Intel Capital, Intel's venture capital organization, makes equity
investments in innovative technology start-ups and companies worldwide. Intel
Capital invests in a broad range of companies offering hardware, software, and
services targeting enterprise, home, mobility, health, consumer Internet,
semiconductor manufacturing, and cleantech. Since 1991, Intel Capital has
invested more than U.S. $6 billion in approximately 1,000 companies in over 40
countries. In that timeframe, about 157 portfolio companies have gone public
on various exchanges around the world and another 187 have been acquired by
other companies. In 2006, Intel Capital invested about US$1.07 billion in 163
deals with approximately 60 percent of funds (excluding Clearwire) invested
outside the United States. For more information on Intel Capital and its
differentiated advantages, visit www.intelcapital.com.