United Messaging Gains $70M In Third Round Of Funding - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

United Messaging Gains $70M In Third Round Of Funding

The third time is the charm--or at least messaging application service provider United Messaging Inc. hopes that's true.

United Messaging, which provides hosted E-mail services to medium and large companies, has secured a third round of funding worth $70 million with the help of investment advisers from Broadview Capital Partners, bringing its total assets to $106 million. The company plans to use its latest cash infusion to expand the business in Europe and the Asia-Pacific region; to acquire new customers; and to develop features such as unified messaging, which routes voice mail to a customer's E-mail, says Ron Rodgers, CFO of United Messaging. Rodgers says overseas expansion plans include opening offices and adding to its 21-person sales force in London.

If United Messaging meets its sales goals and adds to its list of 85 clients, it's scheduled to turn a profit for the first time by next summer, Rodgers says.

Charging medium and large companies for E-mail services has the potential to produce profits for United Messaging, says Mark Levitt, a research director with International Data Corp. "United Messaging, compared to its competition, is unique because it is targeting a customer that is used to paying for E-mail service and will not rely on a free model."

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Slideshows
Top-Paying U.S. Cities for Data Scientists and Data Analysts
Cynthia Harvey, Freelance Journalist, InformationWeek,  11/5/2019
Slideshows
10 Strategic Technology Trends for 2020
Jessica Davis, Senior Editor, Enterprise Apps,  11/1/2019
Commentary
Study Proposes 5 Primary Traits of Innovation Leaders
Joao-Pierre S. Ruth, Senior Writer,  11/8/2019
Register for InformationWeek Newsletters
Video
Current Issue
Getting Started With Emerging Technologies
Looking to help your enterprise IT team ease the stress of putting new/emerging technologies such as AI, machine learning and IoT to work for their organizations? There are a few ways to get off on the right foot. In this report we share some expert advice on how to approach some of these seemingly daunting tech challenges.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll