MOUNTAIN VIEW, CA, July 28, 1998 - Shoreline Teleworks, the emerging startup serving the voice communications industry, today announced it successfully completed its second round of financing totaling $12 million. This round was led by JAFCO America Ventures and Norwest Venture Partners. Shoreline Teleworks will use this investment to launch its recently announced telephony system, CrystaLAN , and to further its research and development.
"This investment is a strong signal of confidence by our investor team in our technological expertise, management team and our business focus targeting the exciting IP telephony marketplace," said John Fazio, president and CEO of Shoreline Teleworks. "With the support of our financial syndicate, we are uniquely positioned to provide medium to small businesses with the communications technologies and support services they will require to compete and grow in the '90s and beyond."
About Shoreline Teleworks
Shoreline Teleworks brings the power and scalability of data networking to business voice communications. The company’s CrystaLAN voice communication system combines the reliability of legacy PBX systems with standards-based computer telephony functionality.
With a management team experienced in both voice and data communications, and a strong consortium composed of Crosspoint Venture Partners, Foundation Capital, JAFCO America Ventures, Matrix Partners and Norwest Venture Partners, the company is creating a new category of business voice communications systems.