VQ Communications gains further funding
The video conferencing company backed to the tune of £250,000
VQ Communications has received funding of £250,000 from the South West Ventures Fund and angel investors.
The Chippenham-based company offers conferencing services including voice, data and video via VOIP.
Clients include companies such as the BBC which has used VQ’s conferencing in broadcasts by providing members of the public with equipment which they can operate themselves.
Other clients include Cardiff University and VQ is targeting major companies with its offering.
The company believes that issues such as greater awareness and concern of the environmental impact make the desire to use conferencing greater.
“Corporate strategies are being influenced by the future cost of carbon and our customers have real commitment to reducing their carbon footprint and meeting their carbon reduction targets,” said chief executive Giles Adams.
The funding will be used to improve the products and develop the way it approaches the B2B market.
“VQ Communications are delighted to have received this second round of funding,” said Adams.
“This additional resource is enabling us to both enhance our products and our user’s experience and develop our business in the enterprise market.”
The South West Ventures Fund which is managed by Catapult invested £150,000.
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