Camrivox awarded Highest Achieving Investee Company of the year 2006 by GEIF Dec. 16, 2006

Cambridge, England, 16th December 2006, a developer of VoIP (Voice over Internet Protocol) equipment targeted at the residential and the SME sector, has been named Highest Achieving Investee Company 2006 by GEIF, the Cambridge-based business angels network.

This award recognises Camrivox as the highest achieving company of those that raised capital from GEIF angels over the last year. GEIF Ventures, an NW Brown Group managed £5 million seed fund co-investing with GEIF, has also invested in Camrivox as part of the 2006 investment round.

Malcolm Wood, CEO, Camrivox said, "VoIP has been around for some time but it is only now that the market is beginning to understand its true benefits. Very soon VoIP will be commonplace in businesses and homes; Camrivox is ideally placed for success in this large and fast growing market with our mix of technical excellence and product ease of use."

Marcus Johnson, Chief Executive of NW Brown & Company Ltd, said, "Voice over internet is one of the most interesting developments around today and Camrivox is opening the door to the mass market. I expect our investors to enjoy the success of this company."

About Camrivox:

Founded in Cambridge by a highly-experienced team, Camrivox simplifies Internet telephony by delivering easy to use, high functionality, low cost products for home and small business customers. By being simple to install and use, the company's products will help keep operator support costs low and drive mass market adoption of VoIP (predicted by IDC Research to reach 100 million subscribers by 2008). Camrivox products will also provide innovative features that take advantage of the potential of VoIP, going beyond the simple products currently available. See www.camrivox.com.

About GEIF:

The Great Eastern Investment Forum (GEIF) is a leading UK business angel network located in Cambridge which exists to introduce ambitious, innovative companies seeking funding to business angels and other early-stage venturers seeking quality investment opportunities.

Launched in 1995, GEIF is part of NW Brown & Company Limited. In addition to introducing quality controlled, selective deal-flow to investors, GEIF strives to encourage and facilitate the development of the investment community. See www.geif.co.uk

About GEIF Ventures

GEIF Ventures Early Growth Fund, is a £5 million co-investment fund within the NW Brown Group established with the commitment by the Small Business Service to co-invest into promising early growth businesses with business angels who are members of Great Eastern Investment Forum (GEIF).

GEIF Ventures helps angels to amplify their investing power, allowing them to spread their capital and management skills to a greater number of companies and ensure that such companies have sufficient funds to achieve profitability or the next key milestone.

Combined with business angels’ finance, GEIFV investment will help to bridge the equity gap faced by many early stage companies. See www.geifventures.co.uk

CTI for CRM click to buy buttonCTI for Outlook click to download button