InSciTek Successfully Closes $4.0 Million for the Allworx Product Line
Summary
This investment in InSciTek Microsystems represents a terrific example of such an opportunity, and we look forward to being be a part of the company’s success,” New York State Comptroller Alan Hevesi, sole trustee of the Common Retirement Fund, said. The current product, the Allworx 10x, is a single-unit device that seamlessly integrates into one server the various communications platforms – phone, PC network, messaging software and group collaboration capabilities – necessary for businesses to succeed today. Our advantage was earned through a very early start in VoIP deployment, carefully listening to the unique needs of small businesses, and our exceptional R&D capacity”, states George Daddis, Jr., President and Chief Executive Officer. This financing ensures that we will be able to move full speed against this opportunity that we are so well positioned to exploit.” InSciTek believes that small businesses today should have access to the same advanced information and communication technologies as big enterprises. Its experienced engineers apply their hardware and software expertise to help other businesses develop high performance, cost effective digital products, specializing in imaging, systems monitoring and communications applications.
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