Telecom Expense Management Media: ProfitLine, reducing communication costs through telecommunications administrative outsourcing services
Summary
Proceeds from the Series B financing enabled ProfitLines recent acquisition of FedCel, an international mobile outsourcer, and will provide working capital to help grow the combined business. "ProfitLine is raising the bar for client expectations as it transforms the industry standard in outsourced telecom expense management to include mobile as well as traditional communications," said Eric S. Byunn, principal at FTVentures. "We scoured the industry for the right investment opportunities and determined that ProfitLine leads the market in its ability to offer large enterprises, such as our Limited Partner base of global financial institutions, the most comprehensive services for managing important and costly telecom resources." "ProfitLine is raising the bar for client expectations as it transforms the industry standard in outsourced telecom expense management to include mobile as well as traditional communications," said Eric S. Byunn, principal at FTVentures. "We scoured the industry for the right investment opportunities and determined that ProfitLine leads the market in its ability to offer large enterprises, such as our Limited Partner base of global financial institutions, the most comprehensive services for managing important and costly telecom resources.