Technology news and Jobs arrow Telecommunications arrow $US14m boost for open source IP PABX
$US14m boost for open source IP PABX E-mail
by Stuart Corner   
Thursday, 10 August 2006
Developers of commercial IP PABX systems should be worried: Digium, developer of the Asterisk open source Linux-based IP PABX software has secured a $US13.8m first round of venture funding.
The funding, from US-based venture capital firm, Matrix Partners will be used to "help fuel the continued growth of Digium and Asterisk, especially in launching new offerings for the enterprise communications market, ranging from small to large businesses."

Asterisk is already achieving considerable market success, with a claimed one million users, 1000 downloads per day and 130 solutions partners worldwide. It has already gained considerable additional momentum and credibility in recent months with Aspect Software - which claims to be the world's largest company focused solely on the contact centre - announcing in May that it would provide and support Asterisk Business Edition, a professional-grade version of Asterisk.

David Skok, a general partner at Matrix Partners said: "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."

Code for Asterisk, originally written by Digium's Mark Spencer, has been contributed to from open source software engineers around the world. According to Digium, "It supports a wide range of TDM protocols for the handling and transmission of voice over traditional telephony interfaces, and VoIP packet protocols such as IAX, SIP and H.323. It supports US and European standard signalling types used in business phone systems, allowing it to bridge between next-generation voice-data integrated networks and existing infrastructure."
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