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April

19

2012

Nextiva Receives New Round of Growth Funding
VC's Renew Investment in Nextiva to Accelerate 2012 Plans

Scottsdale, Arizona (April 19, 2012)

Nextiva (www.nextiva.com), an industry-leading business VoIP provider, announced today that its 2012 business plans for technology development, hiring and training, as well as sales and marketing tools and resources are secured with a new round of funding from private equity, venture capital investors.

Recent research indicates that the VoIP market is projected to grow at a CAGR of 15 percent in North America and a global rate of 16.6 percent by 2015. Being fueled by renewed investment in the business, Nextiva is well positioned to take advantage of this opportunity despite the highly competitive market conditions.

Nextiva, while demonstrating 100% growth year-over-year since its inception, has revolutionary plans for 2012. The company is preparing for technology, service and VoIP platform enhancements and expansion. To support these developments, Nextiva is on track to meet its hiring goal of more than 100 new employees during the year.

"At Nextiva, we take pride in our ability to secure ongoing relationships with new customers and hire the best and brightest talent to deliver Amazing Service to them," says Yaniv Masjedi, VP at Nextiva. "The company's recent explosion of hiring, training and expansion to support the new VoIP services that will soon be available makes the environment at the office so exciting, it's contagious. We are confident in our ability to maintain a leadership position in the VoIP market and empower our customers to achieve new levels of efficiency and success."

Nextiva plans to host an interactive media day in the near future to formally announce the unified communications products and services on its horizon. The event date and details are being provided directly to invited Internet and technology media professionals and guests.

For more information on Nextiva's business communication solutions, please visit http://www.Nextiva.com.

ABOUT NEXTIVA
Headquartered in Scottsdale, Arizona, Nextiva (www.nextiva.com / @nextiva) is a privately held member of the Unitedweb (www.unitedweb.com) family. Nextiva is one of the country's leading providers of cloud-based, VoIP business communication services. Nextiva has won more than 30 Independent Technology & Telephony Awards, including numerous "Product of the Year Awards" by Internet Telephony magazine. Nextiva delivers "Fortune 500" phone service at start-up prices and serves thousands of small-to-midsize companies across the United States. For more information call 800-983-4289 or visit http://www.nextiva.com.

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