Inteliquent Makes Strategic Investment in Zipwhip, the First Company to Allow Consumers to Text Businesses on their Existing ...
October 17 2016 - 9:15AM
Inteliquent, Inc. (NASDAQ:IQNT), a premier interconnection partner
for communications service providers of all types, today announced
it is part of a group making a combined $9 million investment in
Zipwhip, the startup that made it possible for consumers to text
businesses on their existing phone numbers.
Inteliquent’s strategic investment in Zipwhip
coincides with the company’s increasing focus on enabling the next
generation communications sector with the Omni IQSM suite of high
quality voice, messaging and direct inward dial (DID) services.
This exciting new product portfolio is fueling a range of
innovative services for its Omni IQ customers to meet their need
for intelligent, software-enabled networks. Collaborating with
Zipwhip further extends the capabilities of Omni IQ, and provides
businesses with a complete, one-stop-shop solution to transform how
they use communications networks to reach their customers.
“We are excited to partner with Zipwhip, an
innovator that is revolutionizing consumer-to-business texting and
making a major impact on our industry,” said Brett Scorza,
Inteliquent’s Chief Information Officer and Executive Vice
President of Next Generation Services. “This investment furthers
Inteliquent’s partnership with Zipwhip, extending our reach with
joint sales opportunities, and enables both companies to expand
their addressable markets by integrating capabilities into their
respective product portfolio.”
Zipwhip will become a customer of Omni IQ and have
access to the company’s extensive DID footprint, voice capabilities
and Inter-Carrier SMS/MMS network. In a similar fashion,
Inteliquent will integrate Zipwhip’s toll free number text
enablement capability into Omni IQ. This will further enhance the
value offered to the rapidly growing portfolio of next generation
service providers by providing a comprehensive texting platform
that includes toll free message capabilities. Additionally, the
companies will explore other collaborative opportunities to
strengthen their respective positions in the messaging and next
generation communications marketplace.
“Inteliquent’s commitment to innovation and its
reputation as one of the nation’s highest quality and most reliable
voice and messaging networks is something we admire,” said John
Lauer, Zipwhip’s Chief Executive Offer and Co-Founder. “We look
forward to continuing to grow our business with the support of such
a notable and innovative industry leader.”
About InteliquentInteliquent is a
premier interconnection partner for communication service providers
of all types. As the nation’s highest quality provider of
voice and messaging interconnection services, Inteliquent is used
by nearly all national and regional wireless carriers, cable
companies, and CLECs in the markets it serves, and its network
carries approximately 21 billion minutes of traffic per month. With
the recent launch of its Omni IQ solution, Inteliquent is now also
fully dedicated to supporting the growing market of next generation
service providers. For more information about Inteliquent, visit
www.inteliquent.com.
About ZipwhipZipwhip is a Seattle-based
business texting SaaS provider who pioneered the concept of
utilizing the cloud to enable existing landline, VoIP, and toll
free numbers to send and receive text messages from any connected
device. Additionally, Zipwhip offers a carrier-grade cloud texting
platform to help mobile and landline operators modernize the
texting medium. Its technology introduces trailblazing
functionality while holding true to the distinct culture of texting
that consumers have grown to love.
Cautionary Statement Regarding Forward-Looking
StatementsThis press release contains "forward-looking
statements" that involve substantial risks and uncertainties. All
statements, other than statements of historical fact, included in
this press release are forward-looking statements. The words
"anticipates," "believes," "efforts," "expects," "estimates,"
"projects," "proposed," "plans," "intends," "may," "will," "would,"
and similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
these identifying words. Actual results or events could differ
materially from the plans, intentions and expectations disclosed in
the forward-looking statements we make. Factors that might cause
such differences include, but are not limited to: our ability to
market the Omni IQ voice and messaging services, including the risk
that the service will not meet our targets for revenue or
profitability, including EBITDA and Adjusted EBITDA; the risks
associated with any receiving carrier’s refusal to accept
terminating messages or other problems preventing us from providing
messaging services; the risk that our costs to provide the Omni IQ
voice and messaging services will be higher than we expect; the
effects of competition and downward pricing pressure resulting from
such competition; and other important factors included in our
reports filed with the Securities and Exchange Commission,
particularly in the "Risk Factors" section of our Annual Report on
Form 10-K for the period ended December 31, 2015, as such Risk
Factors may be updated from time to time in subsequent reports.
Furthermore, such forward-looking statements speak only as of the
date of this press release. We undertake no obligation to update
any forward-looking statements to reflect events or circumstances
after the date of such statements.
Media Contact:
Tabitha Long
1+ 312.384.8018
tlong@inteliquent.com
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