BizOrigin - The Art of Business

Hot companies: The innovation, The people, The money

ProfitLine: A new way to trim your telephone bills, for $7M

profitline logoProfitline, a San Diego based company, in a couple of quick moves, secured expansion series B funding of $7M and also acquired FedCel, an international mobile outsourcing company.

The current and previous rounds of funding came from FTVentures, a San Francisco based firm that provides capital to companies which offer solutions to the financial services industry. Also in the fray is Menlo Ventures, which has always been big in investment into software, information services and communications deals. The current round brings the total venture investment in the company to $39M.

Profitline’s value proposition, summarized by their tagline is “Telecom expense management is going to benefit your business”. A frequent complaint from large companies is their mounting telecommunication bills. ProfitLine provides an outsourced telecom management system. And now, with the acquisition of FedCel, they will increase their sphere of influence into the streamlining of expenses in the mobile market, and provide companies with a tool to finally rein in their hyper blackberry users!


Share: del.icio.us:ProfitLine: A new way to trim your telephone bills, for $7M  digg this:ProfitLine: A new way to trim your telephone bills, for $7M  wists:ProfitLine: A new way to trim your telephone bills, for $7M  newsvine:ProfitLine: A new way to trim your telephone bills, for $7M  blinklist:ProfitLine: A new way to trim your telephone bills, for $7M  furl:ProfitLine: A new way to trim your telephone bills, for $7M  reddit:ProfitLine: A new way to trim your telephone bills, for $7M  fark:ProfitLine: A new way to trim your telephone bills, for $7M  blogmarks:ProfitLine: A new way to trim your telephone bills, for $7M  Y!:ProfitLine: A new way to trim your telephone bills, for $7M

February 22nd, 2007 Posted by Toni DasGupta | Startup, Technology, Software | no comments

Joost Comes Out of Hiding!

Working under the code name “The Venice Project”, the web television site Joost, is now ready to unveil its wares to the public. Currently in beta, they are expected to launch the site (which is already generating quite a buzz) on June 30th, 2007.

The co founders Niklas Zennstrom and Janus Friis, have yet again found a great use for their golden goose - peer to peer (P2P) distribution technology. Having used the concept very successfully in Kazaa for internet file sharing, and in the widely used Skype internet calling, they are now ready to launch a site for distributing licensed content from major media publishers.

Their first coup came in the recently announced deal to distribute content from Viacom, after talks of a similar deal between Viacom and Google owned YouTube collapsed. Joost now gets access to prime Viacom content sources - including MTV and Paramount pictures.

So is Joost another YouTube wannabe? Well not really. For one, Joost is taking care to distribute only licensed content, which has long been the Achilles heel of YouTube. While YouTube will remove content if asked to by the publisher (and Viacom has asked to have 100,000 clips removed from the site!), they do not self police themselves. Besides, YouTube relies on users to post content, much of it unauthorized.

Also, Joost will distribute high quality, full length video content, not just clips.

Looks like TV on demand, is finally here!


Share: del.icio.us:Joost Comes Out of Hiding!  digg this:Joost Comes Out of Hiding!  wists:Joost Comes Out of Hiding!  newsvine:Joost Comes Out of Hiding!  blinklist:Joost Comes Out of Hiding!  furl:Joost Comes Out of Hiding!  reddit:Joost Comes Out of Hiding!  fark:Joost Comes Out of Hiding!  blogmarks:Joost Comes Out of Hiding!  Y!:Joost Comes Out of Hiding!

February 20th, 2007 Posted by Toni DasGupta | Startup, Technology, Software | 2 comments