October 9, 2012

FierceEnterprise Communications

Thinking Phone Networks pockets $16.5 million in VC funding


Cloud-based UC firm is ready to take a run at the Gartner 'leader' quadrant

With $16.5 million in newly minted VC funding, Thinking Phone Networks is looking to move up into the 'leader' position in Gartner's cloud-based unified communications (UC) magic quadrant report.

Thinking Phone Networks, a Cambridge, Mass.-based enterprise cloud-based UC provider, just secured $16.5 million from an investment group led by Advanced Technology Ventures (ATV) and Bessemer Venture Partners. Following the investment, ATV's Bob Hower and Bessemer's Bob Goodman joined the Thinking Phone board.

The company plans to invest the money in expanding its sales, marketing and support services internationally, enhancing its ThinkingSuite communications delivery ecosystem and growing its global partnership network.

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