Nimbuzz gets $15 million shot in the arm
by Alan Harten
July 3, 2008
Nimbuzz is a mobile VoIP and IM provider that also brings IM and voice to social networks.
They have announced that they have managed to raise $15 million of Second Round funding to assist them with their growth plans
Nimbuzz intends to use the new cash injection to assist in the development of its product range, to enable the software to be used on the widest selection handsets possible.
They currently support use on 22 brands and over 500 different models.
They are currently compatible with many Internet-enabled mobile phones with Java ME; this includes the ubiquitous BlackBerry as well as the Nokia S60 enabling integration across multiple IM and Social Network communities and in any country.
The company has been very active in seeking out distribution deals with the main social networks as well as the big mobile operators.
Their intended aim is to blend their technologies with the existing mobile internet systems.
They consider that the advantage for the operators that they partner with will be increased traffic, as they believe that Nimbuzz can bring a raised demand for mobile data plans, an up and coming revenue maker for the companies.
Nimbuzz can offer both voice and IM to social network operators; this is achieved by the incorporation of fully integrated real-time communication into the networks.
They can give users access to voice calls, chat, file sharing and access to their friends in other popular IM communities such as Skype, AIM, Yahoo, MSN and GTalk.
Nimbuzz claims to have 10 deals with major social networks as well as 3 operators ‘already on the table’, although the information available does not qualify what the actual situation is with those deals.
The company further claims to be ‘on the way’ to signing up one million users and states that they are receiving 5000 new sign ups each day.
It must be assumed that the new cash means that their backers are of the opinion that the company is worthy of the new funds injection and that there is a good degree of interest in their products.
Results of research by analysts at IDC are indicating that VoIP will evolve to around half a billion users globally over the next four years.
Last year Nimbuzz raised an initial $10 million from Naspers / MIH Group and Holtzbrinck Ventures, which amongst other things allowed them to take on 70 staff members in their Brazilian and Argentinean offices
Nimbuzz mobile VoIP can be used worldwide with all Symbian Series 60 devices that are hooked up to a 3G or Wifi network.
Users that only have a GPRS/EDGE link or have the use of Java-enabled phones are able to make international mobile VoIP calls in around 50 countries with Nimbuzz “hybrid-VoIP” at local call rates.
Related posts to "Nimbuzz gets $15 million shot in the arm":
- GetJar reports 10m Nimbuzz downloads
- NimbuzzOut offers international call savings
- Nimbuzz iphone update
- Vyke joins forces with Nimbuzz
- Nimbuzz launches in UK
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