| | Digium Inc. Secures .2M in Funding - Technology - RedOrbit (Site not responding. Last check: 2007-11-06) |
 | | The funding announced Wednesday marks the first round of venture capital for Digium, which oversees development of the free Asterisk platform, but is also one of a growing number of companies selling a customized phone system derived from the software. |
 | | Digium won't disclose any specific data on its financial performance, but says it has been profitable since 2002, generating 100 percent growth in revenues each year since. |
 | | Where the conventional products sold by major vendors can cost tens or hundreds of thousands of dollars for a business to buy, the new systems based on Asterisk and other Internet technologies can be purchased by a small company for as little as $1,000. |
| www.redorbit.com /news/technology/607889/digium_inc_secures_132m_in_funding/index.html?source=r_technology (378 words) |