June 29, 2005
- Burlington, MA
SoundBite Communications, the leading provider of hosted, OnDemand Customer Communications solutions, today announced the closing of $8.5 million in Series D financing. The round was led by new investor, Boston-based Commonwealth Capital Ventures, with participation from existing investors North Bridge Venture Partners and Mosaic Venture Partners.
“We plan to maintain our market leadership position by investing in our business,” said Peter Shields, CEO, SoundBite Communications. “This latest round of funding will be used to expand sales and marketing efforts, accelerate product development and enhance operations.”
“Today, our clients are sending millions of pre-recorded, interactive voice messages through our hosted, ASP platform. They are communicating more effectively with their customers and dramatically improving the productivity of their organizations,” Shields further commented. “We have an exciting and aggressive product road map, and intend to add new functionality to our offering at a rapid rate to help our clients continue to enhance their customer communications efforts.”
“The market opportunity for on demand customer communications solutions is significant, and SoundBite is clearly the leader in this space, as is demonstrated by their rapid growth,” stated Justin Perreault, general partner, Commonwealth Capital Ventures. “We are excited by the management team’s vision of reinventing the customer communications space and are delighted to have SoundBite become part of our world-class portfolio.”