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iReadyWorld secures $6 million

iReadyWorld said Monday that it has raised $6 million in its most recent funding round, bringing the Charlotte, N.C.-based company's total financing to $10 million. Total Technology Ventures, the venture capital arm of Synovus, led the round, which included participation from new investor Greenspring Ventures and first-round investor Red Badge Ventures. iReadyWorld installs, manages and supports VoIP (voice over IP) services for small and medium-sized businesses for a fixed monthly fee with no upfront costs. VoIP splits voice data into many packets and sends them over the network in separate chunks to their destination where they are reassembled into a regular voice call. The technology more efficiently uses bandwidth and reduces costs, compared with a traditional circuit-switch call, which delivers voice data in its entirety using a continuous connection.

iReadyWorld said Monday that it has raised $6 million in its most recent funding round, bringing the Charlotte, N.C.-based company's total financing to $10 million. Total Technology Ventures, the venture capital arm of Synovus, led the round, which included participation from new investor Greenspring Ventures and first-round investor Red Badge Ventures. iReadyWorld installs, manages and supports VoIP (voice over IP) services for small and medium-sized businesses for a fixed monthly fee with no upfront costs.

VoIP splits voice data into many packets and sends them over the network in separate chunks to their destination where they are reassembled into a regular voice call. The technology more efficiently uses bandwidth and reduces costs, compared with a traditional circuit-switch call, which delivers voice data in its entirety using a continuous connection.