My VoIP Provider - VoIP Services -

"We have maintained steady growth and have been consistently profitable. We felt seeking outside funding was unnecessary, but Matrix Partners' success and vision in the open source industry was too compelling to ignore," said Mark Spencer, president of Digium and creator of Asterisk. "Matrix's experience as a JBoss initial investor, was a key differentiator. Early on, we realized Matrix's involvement would help us grow more quickly."

Profitable since 2002, Digium has experienced 100% growth in each of the last several years. Today Asterisk boasts over 1 million users (growing by over 1,000 downloads per day), and 130 Genuine Asterisk solutions partners worldwide. The company's customers include a diverse group of small to medium businesses, large enterprises, non-profits, branch and remote offices, contact centers, carriers and service providers, that are all leveraging the cost savings, flexibilities and feature-rich capabilities an Asterisk-based telephony solution offers.

"We believe Digium has the potential to become one of our most successful open source companies, as every company in the world relies on telephony and the use of PBXs in order to run their businesses," said David Skok, a general partner at Matrix Partners and JBoss board member. "As companies continue to be attracted to the cost savings and powerful new capabilities of Voice over IP, the opportunity for Digium becomes massive. Digium is definitely in a position to become the next big open source company, behind Red Hat, JBoss and MySQL. Their current revenues, profitability, and growth rates are extraordinary."

With the anticipated growth of IP-based communications and the continued acceptance of open source, Digium has a unique opportunity to become a dominant player in the telecommunications market. Additionally, because of the built-in flexibility of Asterisk, companies are able to build hybrid PBX solutions (a combination of legacy and VoIP equipment) in migrating to a VoIP system.

About Digium

Digium is the creator and primary developer of Asterisk, the industry's first Open Source PBX and Asterisk Business Edition, the professional-grade version of Asterisk. Used in combination with Digium's PCI telephony interface cards, Asterisk offers a strategic, highly cost-effective approach to voice and data transport over IP, TDM, switched and Ethernet architectures.

Digium provides quality hardware and software products that enable telephony applications including legacy PBX, IVR, auto attendant, next generation gateways, media servers and application servers. Digium also offers a full range of professional services including consulting, technical support and custom software development services.

About Asterisk

Code for Asterisk, originally written by Mark Spencer of Digium Inc., has been contributed from open source software engineers around the world. It supports a wide range of TDM protocols for the handling and transmission of voice over traditional telephony interfaces. It also supports US and European standard signaling types used in standard business phone systems, allowing it to bridge between next-generation voice-data integrated networks and existing infrastructure.

About Matrix Partners

Matrix Partners is a venture capital firm focused on early stage investments in the communications, consumer Internet, mobile, semiconductor, and software sectors. The firm emphasizes long-term relationships with world-class entrepreneurs. Founded in 1977, Matrix Partners ranks among the industry's top-performing venture capital firms. Prior portfolio companies include Apple, JBoss, OpenWave, SanDisk, Sycamore Networks, and Veritas. The firm manages over $2.5 billion in assets from its offices in Boston, Silicon Valley, and India.

More information:

http://www.digium.com/

http://www.matrixpartners.com/