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Digium Receives $13.2 Million In Venture Funding

Digium, the creators of Asterisk the open source PBX, announced today that they have receieved $13.2 Million in venture captial from Matrix Partners of Boston, MA.

Although Digium would not disclose any revenue figures, they did disclose that they have been profitable since 2002, and have seen 100% revenue growth year over year since. Although no revenue is generated from the download of the Asterisk software, I can tell you that their Digium hardware sells like hot cakes and is certainly the main driver of their business right now.

I am curious to see what they do with the funds. Anyone have any thoughts on what Digium might do with $13.2 Million?

Garrett Smith

Garrett Smith is a Technology Marketing and Sales Professional