JUMT Juma Secures $3 Million in Funding to Fuel Continued Growth
May 29, 2009 12:22:00 PM
Email Story Discuss on ZenoBank
View Additional ProfilesFARMINGDALE, NY -- (MARKET WIRE) -- 05/29/09 -- Juma Technology Corp. (OTCBB: JUMT), a leading IP convergence firm specializing in managed services, today announced that it has secured a fourth round of funding for $3 million. The deal was led by Vision Capital Advisors, LLC.
The latest round of funding will be used as working capital to support operational growth for the company's proprietary services subsidiary, Nectar Services Corp. The funding will enable Juma and the Nectar subsidiary to continue executing on its business plan, growth strategy and market expansion.
"We have been making great strides in driving Nectar's services into the marketplace and signing channel reseller partners to expand our geographic footprint and sales reach," said Anthony M. Servidio, Chief Executive Officer. "It has truly been an exciting time working alongside each new partner and helping them incorporate Nectar's services into their go to market strategy.
"This new round of funding positions us well as we continue to grow our business and broaden our development efforts for all of our products. The Nectar solutions are clearly out in front providing enormous value to our reseller partners and their clients. We intend to stay ahead of the curve and keep that competitive advantage," said Servidio.
About Juma Technology (www.jumacorp.com)
Juma Technology Corp. provides advanced IP Convergence solutions that integrate voice, data and video applications. Juma's IP Convergence solutions enable companies to increase productivity, enhance mobility and create significant cost savings, particularly for multi-location businesses. Juma has been recognized as an industry leader in providing integrated business communications and services, helping customers leverage network convergence to achieve their business goals. Nectar Services Corp., an IP communications and management services provider, is a wholly owned subsidiary of Juma and represents the company's services division. The Nectar suite of services delivers real business solutions to help companies mitigate risk, centralize systems management and dramatically reduce telecom expenses.
About Vision Capital Advisors, LLC
Vision Capital Advisors, LLC is an SEC-registered investment adviser. Vision Capital Advisors, LLC specializes in making value-oriented investments in fundamentally strong small public companies in the US and abroad.
Media Contact:
Melissa J. Nacerino
Juma Technology Corp.
(646) 291-8264
Email Contact
