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Unified Communications Week in Review: BroadSoft, Merchbanc, Gladstone Capital

By Alicia Young
Web Editor

Welcome back to the week in review, where we take a look at all the top stories making headlines in Unified Communications this week.

The week started off with some exciting news for BroadSoft (News - Alert). The company has been doing very well recently, and has now officially reported just how well.  It ended 2016 with its first-ever greater than $100 million revenue and billings quarter. The company, whose total revenue last year was $341 million, also revealed it had 22 percent revenue growth between 2015 and 2016. Things are certainly looking up for BroadSoft, and you can read all the good news HERE.

On a similar note, Nimble (News - Alert) also offered up some positive news this week when it announced that it has raised $9 million in a Series A funding round. Imagen Capital Partners led the funding and Google (News - Alert) Ventures, Indicator Ventures, Mark Cuban’s Radical Investments, and a consortium including Jason Calacanis, Don Doge, and Howard Lindzon also participated. It’s no surprise that the social sales and marketing firm was able to garner so much attention, given that its cloud-based CRM solution has so much to offer. Find out more HERE.

The monetary good news was plentiful this week, as Gladstone Capital announced that it is investing in UC. The venture capital firm has finished a senior secured debt investment of 29 million dollars in support of the merger of NetFortis and Fonality (News - Alert), two unified communications companies that are within the Spire Capital portfolio. The merger has the potential to really shake things up in the UC space, and based on the 29 million dollar investment, I’d say that Gladstone Capital is ready for some change. Find out everything you need to know HERE.

Finally, on a different note, Merchbanc announced this week that it is upgrading its communications with Avaya IP. Avaya’s solution is going to bring several improvements to the institution’s communications capabilities. As TMC’s (News - Alert) Maurice Nagle writes, “The deployment will provide the Spanish financial services group with voice, video and data, as part of the company’s modernization project, which is focused on meeting regulatory compliance requirements, security of customer data and sensitive communications in addition to overall efficiency.” Continue reading HERE.

That’s all for this week. Come back next week to read all the latest news in the Unified Communications space.