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NewStep Raises $7 Million for FMC

NewStep Networks, a spin-out from Bell Canada, has raised $7M as part of its Series B round of financing for its fixed-mobile convergence platform.

NewStep’s technology operates at the signaling layer, facilitating standards-based integration with legacy TDM/SS7 networks, IP/SIP networks and enterprise communication software and IP PBX implementations. The solution enables carriers to establish and retain control of calls across IP and TDM, wireless and wireline, service provider and enterprise networks. NewStep’s platforms enable subscribers to have a single number, single voicemail, simultaneous ringing across multiple phones, and other features like corporate extension dialing, from existing mobile phones.

The company said it will use the funds to expand its sales and support capabilities, and to develop new technologies that will continuously improve the customer experience with fixed-mobile convergence services. NewStep has active deployments and trials currently underway throughout the world with Tier 1 carriers.

http://www.newstep.com

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