AuraServ Communications Secures $5 Million Investment From
Comdisco
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AuraServ Communications Secures $5 Million Investment From Comdisco, Inc.
ENGLEWOOD, Colo., Aug. 7
/PRNewswire/ -- AuraServ Communications, the next-generation provider of comprehensive, hosted phone services for small and medium-sized businesses, today announced that Comdisco, Inc. has made a $5 million investment in AuraServ, becoming the second high-profile venture capital firm to invest in the company. AuraServ was founded in 1999 by Ken Denman, AuraServ president and CEO. Crosspoint Venture Partners provided the company's first round of financing. AuraServ provides an innovative business service that combines a telephone system with Windows-based desktop software, local and long distance voice services, voicemail and other call handling features all for a monthly per user fee.
"Comdisco made this investment because AuraServ's business model is extremely compelling," said Ken Denman, president and CEO, AuraServ Communications. "We are providing businesses with the most basic tool they need -- voice services. Better yet, AuraServ has employed the latest in Internet technology, combined it with sophisticated computer/telephony software all supported by a full-fledged service bureau in order to provide businesses with a simple, affordable voice communications solution." AuraServ will use Comdisco's investment to strengthen various customer service functions including the expansion of its server farm, customer care and network operations center located at its headquarters in Englewood, Colo. AuraServ already has customers in the Denver and Seattle areas, and will be offering service in a number of additional markets this year.
"We are 100 percent focused on attracting and supporting customers at this stage in our business, so Comdisco's investment will be channeled to support those efforts," said Denman. "This early-stage investment from Comdisco positions us for growth, and supports our plans to simplify and improve voice services for businesses nationwide."
About AuraServ Communications
AuraServ Communications provides small and medium-sized businesses with an affordable alternative to purchasing a PBX. Its innovative service combines a telephone system with windows-based desktop software, local and long distance voice services, voicemail and other call handling features all for a monthly per user fee. AuraServ, headquartered in Englewood, Colorado, was founded in 1999 and is lead by a group of seasoned, entrepreneurial telecommunications and Internet executives from MediaOne, U S WEST, Rocky Mountain Internet, and Primeco Personal Communications. For more information about AuraServ Communications, please visit the website at www.auraserv.com.
About Comdisco
Comdisco (www.comdisco.com) provides global technology services to help its customers maximize technology functionality, predictability and availability, while freeing them from the complexity of managing their technology. The Rosemont, (IL) company offers a complete suite of information technology services including business continuity, Web-Availability(SM), network, and IT Control and Predictability Solutions(SM). Through its subsidiary, Prism Communication Services Inc., Comdisco is developing a high- speed, always-on digital network, which will provide customers with leading- edge connectivity. Comdisco also offers equipment services to key vertical industries, including electronics, communications, laboratory & scientific, and manufacturing solutions. Through its Comdisco Ventures group, Comdisco provides equipment leasing and other financing and services to venture capital backed start-up companies. The company's revenue for the 12 months ended June 30, 2000 was $3.8 billion. |
