Covergence spends most of its time enabling the mass adoption of new and more effective forms of real-time communication and collaboration. It is a leader in scaling, securing, and controlling, VoIP and other SIP-based real-time services. Lately, though, the company executives have focused their energies on securing a new round of Series C funding — which it has now secured in the form of a $15 million investment by Globespan Capital Partners.

 

Also participating in this latest venture are current investors Highland Capital Partners and North Bridge Venture Partners. Globespan’s co-founder and executive managing director Andy Goldfarb has joined Covergence’s Board of Directors as part of the funding agreement.

 

Covergence offers its customers confidence that their real-time communications have the same security, reliability, performance and quality to which they have become accustomed. During that past year—buttressed by the release of its flagship product, Eclipse, in October 2005—that confidence has paved the way for the tremendous growth Covergence has experienced.

 

The company’s single-minded focus on making real-time communication a reality for its customers has paid dividends in the way of both customer and partner growth, including customer wins like Vonage and New York Times Digital Media, and strategic partnerships and certification agreements with market leaders including McAfee, Centillium, NETGEAR, Broadsoft, and CounterPath.

 

Now, that success also evidences itself in investment growth as well. This most recent investment elevates the Company’s total funding to $31M since inception and provides Covergence the resources it needs to develop new sales and marketing strategies and geographically expand further into international markets. 

 

“When we founded Covergence, we knew that the key to unlocking the potential of VoIP and IP-based communications lay in securing SIP and the edge of the network. Our success demonstrates that we hit the VoIP security sweet spot. Our investors’ confidence in our strategy and team is evident by their participation in our third round of funding,” said Bob O'Neil, president and CEO of Covergence. 

 

This latest growth spurt only mirrors the Company’s recent evolution. In the past year, the firm has doubled in staff, having expanded its sales and engineering resources to meet the growing demand of its customers, including expansion into Europe and the APAC region.

 

“With VoIP and IP communications adoption rates rising, issues like security and reliability are becoming more prevalent, creating exciting opportunities for visionary technology companies like Covergence,” said Goldfarb. “Covergence has proven its ability to capitalize on these opportunities, evidenced by its expanding roster of customers and partners. The Company’s value proposition to the VoIP and IP communications markets fits perfectly with our present portfolio of innovative, technology companies driving the communications revolution.”