The demand for VoIP, hosted PBX, and managed phone services is continuing to increase, while traditional PBX phone services are decreasing. Projections from Frost & Sullivan (News - Alert) for the 2011 to 2018 forecast period indicate that the hosted IP telephony and unified communications services user base will increase by approximately 29 percent and related revenue by about 31 percent. The research data also notes that by 2017, the business telephony user base for VoIP/Hosted VoIP is expected to grow at a compound annual growth rate of about 33 percent.
In this circumstance, Axiologix, a provider of cloud products and services, is taking a fundamental step in executing its telecom strategy. The company established AxioComm as a wholly owned subsidiary to offer IP voice, data and cloud services directly to small and medium sized businesses throughout the United States.
In a statement, Dennis Mitrano, president of Telecom Operations at Axiologix, noted that the company is bringing new organic growth in addition to the acquisitions it is working on. Mitrano also emphasized that AxioComm is partnering with reputed technology and service providers to allow it to offer exciting new and competitive services to customers across the United States.
AxioComm services are currently being sold via master sales agents that bring a large network of sales resources across the nation.
“A new AxioComm website will be launched shortly to allow prospective customers to buy directly also," Mitrano added.
Axiologix recently issued guidance on the expected revenue and growth from existing operations and planned acquisitions for the financial year ending May 31, 2013. Existing operations are set to report $1 million for the full year with new additions, subject to successful completion, slated to deliver over $3 million in the current financial year resulting in a 2,000 percent revenue growth year to year.
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Edited by Brooke Neuman