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VoIP Provider Voiceglo Lands $28 Million

An unidentified major Boston-based institutional investor contributed $15 million, while several “prominent” Mexican telecommunications interests made up the balance, the company said in a statement.

The funding will be used mainly to begin marketing Voiceglo’s services and products for the first time since the company’s launch in early February, said Ed Cespedes, president of TheGlobe.com, which owns Voiceglo. TheGlobe.com was one of the Internet’s earliest portals, achieving notoriety after the company’s stock soared and then crashed during the stock mania of the late 1990s.

Read the rest at CNET News.com.