Investment to Support Aggressive Expansion of Venali’s Position in Fortune 500 and International markets.
October 27, 2006 (Press Release) --
Venali announced today that it will dramatically expand its position in global and Fortune 500 Internet fax markets via its acquisition by a multi-billion European investment fund. "Venali has long been a leader in the Fortune 500 and international markets. This significant infusion of cash will give us the ability to expand our market presence worldwide,” explained newly appointed CEO Mark Toschek.
“Our Enterprise customers choose us because of our extensive APIs and Fortune 500 network capacity,” explained Mr. Toschek. “It’s a simple choice for our prospects when competitors like j2/eFax (NASDAQ:JCOM) appear to have designed their network for individuals trying to send out resumes. Enterprises are unwilling to entrust their mission critical messaging to networks that target small home offices and free accounts.”
Venali, Inc. is confident that the superiority of its network and services, together with the significant financial resources now available, will enable Venali to dominate the global and Fortune 500 Internet fax markets. Mark Toschek continued, “Our goal is to have 60% of all Fortune 500 fax transmissions traversing our network within ten years. That means our network will continue to outperform competitors in the market and also continue the trend of replacing difficult to manage, expensive fax server installations. We have the resources, experience, people and the technology to reach a dominating position in this market.”
About Venali
Venali is a leading provider of mission critical Internet Fax Services to corporations around the world. Hundreds of enterprise and Fortune 500 customers rely on our Desktop and Integrated Fax Solutions to streamline the sending, receiving, and managing of fax communications. Our partner network provides integration with technologies and industries of every kind worldwide.
Venali's corporate headquarters are located in Coral Gables, Florida. International offices are in Germany, Singapore and the United Kingdom. The company is in the midst of an international expansion and now offers fax service in more than 70 countries world-wide encompassing Europe, North and South America and Asia. Venali offers wider coverage in Asia than any other fax service vendor and is currently the only major provider to offer services in China.
“Our Enterprise customers choose us because of our extensive APIs and Fortune 500 network capacity,” explained Mr. Toschek. “It’s a simple choice for our prospects when competitors like j2/eFax (NASDAQ:JCOM) appear to have designed their network for individuals trying to send out resumes. Enterprises are unwilling to entrust their mission critical messaging to networks that target small home offices and free accounts.”
Venali, Inc. is confident that the superiority of its network and services, together with the significant financial resources now available, will enable Venali to dominate the global and Fortune 500 Internet fax markets. Mark Toschek continued, “Our goal is to have 60% of all Fortune 500 fax transmissions traversing our network within ten years. That means our network will continue to outperform competitors in the market and also continue the trend of replacing difficult to manage, expensive fax server installations. We have the resources, experience, people and the technology to reach a dominating position in this market.”
About Venali
Venali is a leading provider of mission critical Internet Fax Services to corporations around the world. Hundreds of enterprise and Fortune 500 customers rely on our Desktop and Integrated Fax Solutions to streamline the sending, receiving, and managing of fax communications. Our partner network provides integration with technologies and industries of every kind worldwide.
Venali's corporate headquarters are located in Coral Gables, Florida. International offices are in Germany, Singapore and the United Kingdom. The company is in the midst of an international expansion and now offers fax service in more than 70 countries world-wide encompassing Europe, North and South America and Asia. Venali offers wider coverage in Asia than any other fax service vendor and is currently the only major provider to offer services in China.
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