California based web-based calling company, Jajah, announced the investment of T-Online Venture Fund. The fund is fully managed by T-Venture Holding GmbH, the corporate venture capital entity of Deutsche Telekom AG (DT). T-Venture’s fund is part of a US$20 million investment, which is co-led by Intel Capital.
The company has granted EUR 100 million fund to Jajah to support the strategic Broadband/Fixed Network of Deutsche Telekom in its objectives. T-Online Venture Fund is already known for service and technology innovation investments for Deutsche Telekom business units. T-Online Venture Fund is bringing Jajah web embedded solutions for its customers and businesses enterprise. The fund will provide unsurpassed quality and value and also allow the company to maintain its rapid rate of innovation.
JAJAH allows its users to make free and low cost telephone calls, from their computers or mobile phones. Recently, Jajah has acquired more than 2 million users from 55 countries in its first year of business by providing innovative next generation calling solution as well as low cost phone connections. Users can call from www.jajah.com and Jajah will connect the call to either landline or mobile phones. Even users can make calls from any mobile phones and from web enabled smart phones.
Trevor Healy, JAJAH CEO, said,
JAJAH brings together the best of the Internet with the best of telephony. 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.
Image Credit: Sinologic & Core Media
Via: RT news
