Contact Information: Media Contact: Melissa J. Nacerino Juma Technology Corp. (646) 291-8264
Juma Secures $3 Million in Funding to Fuel Continued Growth
| Source: Juma Technology Corp.
FARMINGDALE, NY--(Marketwire - May 29, 2009) - Juma Technology Corp. (OTCBB : JUMT ), a
leading IP convergence firm specializing in managed services, today
announced that it has secured a fourth round of funding for $3 million.
The deal was led by Vision Capital Advisors, LLC.
The latest round of funding will be used as working capital to support
operational growth for the company's proprietary services subsidiary,
Nectar Services Corp. The funding will enable Juma and the Nectar
subsidiary to continue executing on its business plan, growth strategy and
market expansion.
"We have been making great strides in driving Nectar's services into the
marketplace and signing channel reseller partners to expand our geographic
footprint and sales reach," said Anthony M. Servidio, Chief Executive
Officer. "It has truly been an exciting time working alongside each new
partner and helping them incorporate Nectar's services into their go to
market strategy.
"This new round of funding positions us well as we continue to grow our
business and broaden our development efforts for all of our products. The
Nectar solutions are clearly out in front providing enormous value to our
reseller partners and their clients. We intend to stay ahead of the curve
and keep that competitive advantage," said Servidio.
About Juma Technology (www.jumacorp.com)
Juma Technology Corp. provides advanced IP Convergence solutions that
integrate voice, data and video applications. Juma's IP Convergence
solutions enable companies to increase productivity, enhance mobility and
create significant cost savings, particularly for multi-location
businesses. Juma has been recognized as an industry leader in providing
integrated business communications and services, helping customers leverage
network convergence to achieve their business goals. Nectar Services
Corp., an IP communications and management services provider, is a wholly
owned subsidiary of Juma and represents the company's services division.
The Nectar suite of services delivers real business solutions to help
companies mitigate risk, centralize systems management and dramatically
reduce telecom expenses.
About Vision Capital Advisors, LLC
Vision Capital Advisors, LLC is an SEC-registered investment adviser.
Vision Capital Advisors, LLC specializes in making value-oriented
investments in fundamentally strong small public companies in the US and
abroad.