Dialpad files for bankruptcy, gets new funding
Dialpad Communications Inc., a provider of voice over IP (VoIP) services, filed for Chapter 11 bankruptcy protection Friday but said it has received new funding from one of its original investors to finance its reorganization.
The Santa Clara-based IP (Internet Protocol) telephony company filed a petition with the U.S. Bankruptcy Court for the Northern District of California. The company said it expects to continue to serve without interruption the roughly 14 million [m] users around the world who use its services to make voice calls over the Internet.
Dialpad said it will fund its continued operations with $1.25 million [m] in financing it secured from Sang Su Oh [cq], chairman of Korean communications software maker Serome Technology Inc., the company that originally spun off Dialpad as a separate entity. Su Oh was an investor in Dialpad during its first round of financing in April 2000, when it received $16.75 million [m] from CMGI @Ventures -- the investment arm of technology incubator CMGI Inc. -- and several individual investors.
The company recently signed a deal with Microsoft Corp. to offer PC-to-phone calls through Microsoft's Windows Messenger client.
Read more about business in ITworld's Business section
ITworld.com
Sign up for ITworld's Daily newsletter
Follow ITworld on Twitter @IT_world
Brian Proffitt
Microsoft/Novell: Breaking Down the Coupon Numbers
Esther Schindler
Drupal's Dries Buytaert on Building the Next Drupal
Tom Henderson
Top Ten General Operating Systems Rants
pasmith
PS3 motion controller delayed; goes up against Project Natal
sjvn
Neolithic Windows security hole alive and well in Windows 7
claird
Perl source code comparison makes for good reading
James Gaskin
Learn How To Print Pages In Order with Ink Jet Printers
mikelgan
Cell phones don't create stress or interrupt much
Sandra Henry-Stocker
How to: The Unix Interview
Where Google Chrome security fails: the password
I heard mention that the Chrome OS will have some sort of encryption available a la bitlocker. If it's possible to encrypt personal data using another password or key, then it may have potential for very secure data.... And Ubuntu has an 'encrypt home directory' option, perhaps google should follow suit.
- Dann
Join the conversation here
Quick, practical advice for IT pros. Made fresh daily.
- Ubuntu advances: Why Ubuntu server installations will surge in 2010
- Social media marketing: How to make friends with benefits
- More...
Want to cash in on your IT savvy? Send your tip to tips@itworld.com. If we post it, we'll send you a $25 Amazon e-gift card.
