Fonality named A Rising Star

Fonality, a maker of business phone systems, was named the top “Rising Star” yesterday in Deloitte & Touche USA LLP’s Technology Fast 50 program. To date, Fonality has signed more than 2,500 customers in 50 countries, serving 53,000 business users who have placed more than 130 million calls using its award-winning VoIP-capable PBXtra^™phone system. PBXtra was also recently recognized as an Editors’ Choice by PC Magazine and Product of the Year by Internet Telephony. Fonality built its PBXtra product specifically for the small to medium-sized business (SMB) market, and has established itself as a market leader by providing an enterprise-class phone system at a price the SMB can afford.

The Rising Star award is a special designation for fast-growth companies that have been in business a minimum of three years, but less than five and is part of the Los Angeles Technology Fast 50 program. The Los Angeles Technology Fast 50 program ranks the 50 fastest-growing technology, media, telecommunications, and life sciences companies headquartered in the Los Angeles area. Rankings are based on percentage revenue growth over three years (2004 - 2006).

“Our team here never fails to impress me,” said Chris Lyman, CEO of Fonality. “We’ve achieved ‘Rising Star’ status by working 24/7 to ensure that our customers get what they want, which is a hassle-free phone system for a fraction of the cost that the big boys charge. Fonality is honored to receive this award and I am personally honored to get to work with my amazing team everyday.”

Fonality was founded in early 2003 as a VoIP network provider, and as the company grew Lyman decided it needed a multi-line phone system. Shocked at the price of typical PBX offerings, Fonality developed its own in-house IP-PBX system which eventually became PBXtra, its flagship product. PBXtra has been strengthened since its first home-grown version to introduce scalability, security and ease-of-use into every corner of the product.

To qualify for the Technology Fast 50 Rising Star program, companies must have had operating revenues of at least $50,000 in 2004 and $5,000,000 in 2006, be headquartered in North America, and own proprietary technology or proprietary intellectual property that contributes to a significant portion of the company’s operating revenues or devote a significant proportion of revenues to the research and development of technology.

Rising Star companies are automatically entered in Deloitte’s Technology Fast 500 Rising Star category. Deloitte’s Technology Fast 500 program ranks North America’s top 500 fastest growing technology, media, telecommunications, and life sciences companies based on percentage revenue growth over five years (2002 - 2006). Its Rising Star ranking is based on percentage revenue growth over three years (2004 - 2006). For more information on Deloitte’s Technology Fast 500 or Technology Fast 50 programs, visit www.fast500.com.

About Fonality:

Fonality, www.fonality.com, is a leader in open source, Asterisk-based IP telephony systems. PBXtra, Fonality’s award winning IP-PBX product line for small and medium-sized businesses, is widely recognized as the world’s largest commercial Asterisk-based deployment with over 2,500 systems in 50 countries making over 130 million calls. PBXtra includes a hardened and improved version of the popular open source Asterisk code base which has been modified to add reliability, stability and enterprise-class features. PBXtra uses Fonality’s patent-pending architecture to deliver all the advanced features of an enterprise-class phone system and call center at 40 to 80 percent less than traditional offerings. Fonality’s trixbox, www.trixbox.org, is home to trixbox CE, trixbox Pro and one of the world’s largest and fastest growing communities of users of Asterisk-based software with an average of 65,000 downloads per month.

Fonality, HUD and trixbox are registered trademarks and PBXtra and trixNet are trademarks of Fonality. Asterisk is a registered trademark of Digium, Inc. Fonality, trixbox, PBXtra and trixNet are not affiliated with, nor endorsed by, Digium Inc. Other trademarks are the property of their respective holders.

About Deloitte:

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte” , “Deloitte & Touche”, “Deloitte Touche Tohmatsu” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.