Newark, NJ, April 26, 2017: D3 Unified Communications (D3UC), a leading provider of white label, cloud-based phone and unified communication services, has been selected to present at the Angel Venture Fair in Philadelphia on May 5, 2017.
The Private Investors Forum, which oversees the fair, announced the 34 companies invited to attend after attracting its largest application round to date. Selected by a group of 80 judges from a pool of 237 applications, the presenting companies hail from five countries and 20 states. D3UC will be among 24 non-university companies and 10 university-based startups giving presentations to hundreds of private investors for funding support.
D3UC is a portfolio company of the Enterprise Development Center (EDC), an incubator and commercialization center located on the campus of New Jersey Institute of Technology. With a typical annual average of 90 companies in residence, the EDC vies for being the largest high-tech and life science commercialization center in the United States.
“We are very excited to hear about D3UC’s invitation to the Angel Venture Fair. D3UC has been an active member of our community since 2014, and we’re thrilled with the tremendous investor exposure they will receive in Philadelphia,” says Jerry Creighton, Sr. executive director of the EDC.
“The voice services market in the SMB space is estimated to be tens of billions of dollars,” says Imran Dalvi, CFO of D3UC. “By partnering with the MSPs who provide technology services to this market, D3UC generates a steady and increasing stream of recurring monthly revenues with Net Income margins exceeding 30%.”
Chuck Daniels, CEO of D3UC, knows that the first five years are critical for a startup. He says, “Raising money takes time and energy away from actually running the business. Our Angel investors have given us the opportunity to focus on expanding adoption of the D3UC platform to MSPs in the U.S. To date, we have raised half of what we need to become profitable.”
The 2017 Angel Venture Fair will be held at the Union League of Philadelphia and features a keynote by Alejandro Cremades, author and executive chairman of CoFoundersLab.
About D3 Unified Communications
D3 Unified Communications provides a white label, cloud-based phone and unified communications (UC) platform exclusively for Managed Service Providers (MSPs) selling technology services to Small and Medium Businesses (SMBs). MSPs brand the D3UC platform under their own name giving them a complementary solution to their existing data and IT services. To learn more about D3UC visit d3uc.com.
About the Enterprise Development Center
The Enterprise Development Center (EDC), located on the campus of New Jersey Institute of Technology (NJIT), is a cooperative and resourceful ecosystem for start-ups and small-businesses. From finding the right working space and attracting investment capital, to building staff and developing effective business plans and marketing strategies, the EDC supports companies as they work to become profitable businesses and dynamic participants in the economic life of New Jersey and the nation. The EDC is located in Newark’s Historically Underutilized Business Zone (HUBZone). The EDC is also a partner of the New Jersey Innovation Institute (NJII), an NJIT corporation that applies the entrepreneurial and technical resources of the state’s science and technology university to challenges identified by industry cluster partners.
To learn more about the NJIT/NJII Enterprise Development Center visit www.njit-edc.org.