Tuesday, January 18, 2011
Fonality Leaves Los Angeles, Heads to Texas
In a loss to the Los Angeles technology industry, Voice over IP software developer Fonality has relocated its headquarters to Texas, the firm said today. According to Fonality, it has moved its headquarters to Plano, Texas from Los Angeles. Fonality said it will continue to maintain a "Center of Technology Excellence" in Los Angeles. The firm said it has bolstered its staff in Texas by more than 75 since August of 2010, including executive staff, finance, sales, and marketing. Fonality CEO Dean Mansfield cited the "business-friendly atmosphere" in Texas as part of the reasons behind the move. Fonality is venture backed by Azure Capital Partners, DFJ Growth Fund, Intel Capital, and MHS Capital Partners.