25 Sep 2007

Teliris, the leading provider of telepresence solutions, announced that it has received a $40 million majority equity investment led by Fidelity Ventures and co-lead Columbia Capital.

Additionally, Teliris announced that Fidelity Ventures partner, Anne Mitchell, and Columbia Capital partner, John Siegel, have joined Teliris co-founder and CEO, Marc Trachtenberg, on the Teliris Board of Directors.

Teliris' VirtuaLive telepresence solution provides the most natural and intimate virtual meeting environment available on the market. Its flexibility, reliability and cost effectiveness meet the demanding needs of a large, diverse customer base.

Teliris will use the additional funding to capitalize on its market leadership, accelerating the company's visibility and business opportunity via global expansion of its sales and marketing capabilities and InfiNet network - all while maintaining its industry-leading managed service.