London, 23rd February, 2016: Following the successful launch of its smartphone app into the British small and medium sized enterprise (SME) markets in December 2015, communications specialists RIPTec today announced that it has entered into a business agreement with scale-up specialists Expand Venture to help it penetrate mature and emerging mobile markets.
Based in London, Expand Venture comprises a team of C-level ‘operators’ and senior executives from the technology, telecoms and financial services industries who have successfully scaled and exited similar businesses. The firm provides scale-up companies beyond the start-up phase with the human expertise and funding needed to generate revenue streams from new markets in the shortest timeframe. RIPTec is now one of its portfolio companies.
The enterprise app has numerous features that replicate traditional office communication systems notably voicemail, auto attendant, call transfer, call forwarding, call recording and number porting. With the app embedded into an iPhone or Android smartphone, multiple phone numbers can also be loaded to make business or personal calls. A further stand-out feature is the availability of landline numbers for more than 65 countries worldwide. Existing numbers can also be transferred to the app quickly and the system is scalable enabling new contacts to be added into the smartphone office system with a few clicks.
No capital investment is needed whatsoever, allowing telecoms budgets to be allocated elsewhere in a SME’s business. The service does not impact on data usage or incur data charges. When travelling, the app connects with a country’s GSM network or can be used at Wi-Fi zones.
The RIPDialer app is a vanilla product and is distributed in the UK by the Pink Telecom Company under its App2Chat brand. Last month, Pink Telephone announced that over 400 British SME’s were already piloting the app and that it had appointed several re-sellers to sell the app to their SME customers.
“After a thorough study of the technology and potential of RIPDialer, Expand Venture sees the disruptive app as a game changer in the way that SMEs communicate reliably, both internally and externally and whatever the market,” says Branislav Trajkovski, Founder and CEO Expand Venture.
He adds: “We live in a mobile-driven world and there is no place for traditional and costly cord-based office systems. RIPDialer uses patented technology, which is not VOIP, so the reliability of calls is unmatched – inside and outside of our office. It is great for people like me who are always on the move. People call my landline in London, and I can pick up the call on my mobile whilst I’m at home, on the train or even overseas. I call people from my mobile from wherever I am, and they receive the call from our office landline number, or if I chose, my mobile number. All within a split second, with full reliability and clarity which VOIP operators cannot come near, and at a fraction of the cost.”
Mark Trowbridge, RIPTec’s CEO, comments: “Clearly, RIPTec is delighted with the skillsets and resources that Expand Venture brings to the table. Its team has deep understanding of getting scale-ups such as ourselves reach the next level and their links with the major players will help RIPTec to quickly develop new revenue streams from a global network of distributors.”
RIPTec is an international communications specialist based in London. With a proven track record of delivering communications systems to blue chips and government agencies alike, the company’s “Cut the Cord” communications app RIPDialer enables enterprises to work smarter, faster and at less cost. Visit www.riptec.net
About Expand Venture
Expand Venture enables scale-up companies scale through technology, experience, leverage and capital. Based in London, Expand Venture comprises of serial industry 'operators' and 'executives' who have scaled and exited tech businesses. The Company shares the risks and rewards with the portfolio companies and can co-invest alongside other investors. Visit www.expandventure.com