T-Online Venture Fund makes investment in JAJAH

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JAJAH , the innovative web-based calling  company,  today announced the investment of T-Online Venture Fund . The  fund  is  managed  by  T-Venture Holding GmbH , the corporate venture capital  entity of Deutsche Telekom . The investment of the T-Online Venture Fund  is  part  of  a  $20  million  USD  investment round, co-led by Intel Capital .  

 

The  agreement  is  unprecedented. JAJAH is the first Voice 2.0 Company to receive  this  level  of  industry  validation  and  support. The long-term implications can't be understated, said Roman Scharf, JAJAH co-founder.  

 

T-Online  Venture  Fund,  already  well  known  for  service and technology innovation  investments,  is  expecting  attractive  synergies for Deutsche Telekom business units by bringing JAJAH web embedded solutions to consumer and business customers.  

 

JAJAH  brings  together  the  best  of  the  Internet  with  the  best  of telephony,  said  Trevor  Healy,  JAJAH  CEO. It is great to receive this validation  from a clear leader in the telecommunications industry, whom we have always considered the key partner in offering world-class solutions to consumers.  The T-Online Venture Fund investment brings JAJAH unprecedented strength, validation of our proposition, and confirmation of our leadership in voice communication solutions.

 

Deutsche  Telekom,  also known in the U.S. for its mobile arm, T-Mobile, is one  of  the  worldwide  leading  telecommunication  companies with over 61 Billion Euros Revenue ($80 Billion USD) in 2006.  

 

The  communication  landscape  is  rapidly  evolving, said Andreas Kindt, Chairman of the Investment Committee of T-Online Venture Fund and Member of T-Com  Management  Board  for IT. "By investing in companies like JAJAH, we will  be  able  to  continue to bring users around the world the innovative solutions  they  are  looking for. The investment aligns perfectly with our strategy  of  'Focus,  fix  and  grow'  while  staying  at the forefront of communication innovation.  

 

JAJAH  recently announced it has acquired more than 2 million users from 55 countries   in  their  first  year  of  business  by  providing  innovative next-generation   calling  solutions,  as  well  as  ultra-low  cost  phone connections  to  the  most  called places on Earth. Unlike traditional VoIP solutions,  JAJAH  uses  regular  phones  and  does not require software or special  equipment. A user simply initiates the call from www.jajah.com and JAJAH connects the call to either landline or mobile phones, for a fraction traditional  cost.  Additionally,  users  can make the same calls from many mobile phones and from Web-enabled smart phones.  

 

JAJAH  brings VoIP-like advantages to regular phones, said Daniel Mattes, JAJAH  co-founder,  Unlike  other  solutions,  JAJAH  integrates  with the existing telephony infrastructure. It's one of the reasons our call quality is  so  high.  Partnering  with  such  strong  and committed investors like T-Online  Venture  Fund  will  allow  us  to  continue to provide our users unsurpassed  quality  and value, and allow us to maintain our rapid rate of innovation.  

 

JAJAH  is making strides not just by innovating, but also by collaborating with  major  industry  leaders  that can dramatically expand JAJAH's market reach,Ó  said  Will Stofega, analyst at IDC .  It's a smart move, and JAJAH is executing very well.     

 

Sourced From: 20 : 20 Media Pvt Ltd