News & Events
Red Herring - Juma Recharges with $5M
August 10, 2007
Juma Recharges with $5M
20 August 2007, 12:25
by Cassimir Medford
It’s rare for a telecommunications services firm such as Juma Technology to get funding, but the Farmingdale, New York-based company said Monday that it took $5 million in its first investment round.
Investors specializing in telecommunications have tended to focus on hardware companies and have steered clear of services firms that highlight systems integration capabilities, according to Naqi Jaffery, president of research firm Telecom Trends International.
But the current confluence of relatively new and competitive technologies such as dual-mode phones, WiMAX, EV-DO, mobile VoIP, and 802.11n-based WiFi is opening doors for businesses like Juma.
“We offer corporations something they can’t get from their hardware vendors: independent integration skills that make use of the equipment they already have,” said Juma CEO David Giangano.