Telstra enters new partnership with Whispir for cloud-based solutions
(M2 PressWIRE Via Acquire Media NewsEdge) Telstra has completed an investment of $4 million in Australian cloud-based software company Whispir with a view to leveraging its expertise as a leader in enterprise communications platforms in the Region.
Whispir is a Melbourne company which provides organisations with mobile, email, voice and digital technology for targeted communications between staff, customers and the community.
Telstra currently offers the Whispir platform to many of its enterprise and government customers in Australia.
Telstra Applications and Ventures Group Managing Director Deena Shiff said the investment aligned with its mandate of working together with emerging companies that are well positioned for growth, especially in the Asian region, offering them development capital and support as they entered new markets .
"Whispir provides a leading platform for business critical communication and we see very real growth opportunities for this business. This investment will enable Telstra to continue to differentiate our customer offerings by distributing next generation mobile, cloud and media applications."
Whispir Chief Executive Officer Jeromy Wells says Telstra's investment would help Whispir accelerate its growth into new domestic and international markets.
"We have already established operations in Singapore, where four full time sales staff are based. This investment by Telstra will help us fast track our expansion in other markets," Mr Wells said.
"With Whispir's product depth and Telstra's reach we are focused on continuing to grow our business both domestically and internationally. We have seen significant growth in key vertical markets like banking and finance, utilities, transportation and emergency services.
"Last year we successfully won a $2 million grant from Commercialisation Australia, enabling us to further develop and expand our commercial offering. With today's announcement Telstra has recognised that we have a market-disruptive solution and compelling business model with potential for significant international expansion,' he said.
Whispir provides a global conversation platform for business critical communication. Whispir's powerful Cloud software drives new levels of engagement and conversation with customers, partners, employees and communities. The company enables more than 100 enterprises to communicate to more than 300,000 stakeholders around the world. For more information visit www.whispir.com
About Applications and Ventures Group
Applications and Ventures Group is a wholly owned Telstra subsidiary established in June 2011 to invest in next generation businesses offering innovative cloud based and mobile solutions
AVG's portfolio of investments includes IPScape, a Sydney based global provider of Cloud contact centre applications, Dimmi, an on-line restaurant booking service, Oooyala, a California based video streaming company and Mandoe, a Sydney based Cloud digital signage and content management company.
Mobile: 0477 350 197
Reference Number: 366/2012
((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to email@example.com)).
(c) 2012 M2 COMMUNICATIONS
[ Back To Financial Technology's Homepage ]