Universe2U Inc. continues to zero in on the enterprise networking service market, with the introduction of a voice over IP retail service designed for business.
The voice2u service enables businesses to combine voice, fax and data traffic on a single integrated IP connection. A voice2u gateway prioritizes voice traffic with QoS and uses the public switched telecommunications network as an automatic backup. Digital voice and fax signals are converted from a customer's existing PBX into IP packets and are then transported via the Internet.
The company believes business clients will embrace its product because it offers savings on long-distance bills. The company, for example, expects to provide a service that will enable companies to call their voice2u-enabled branch offices located around the world for 2.5 cents per minute.
The company also is marketing the service to the hospitality industry.
Last week, U2U secured $500,000 in convertible debt/warrant financing, which is the first installment of a $1.5 million funding commitment. "Our arrangement commits us to a tight use of proceeds schedule to ensure the investment is targeted at our growth, including launching voice2u, our voice over IP product and expanding our wireless network," said Kim Allen, CEO, at the time of the funding announcement.