Story image

Whispir raises $11.75m to accelerate growth into Asia and beyond

22 Sep 16

​Whispir recently announced a funding round of $11.75 million. Investors include Telstra Ventures, NSI Ventures, Rippledot Capital, private investors and Jeromy Wells, the CEO and co-founder of Whispir.

The originally Australian Communications-Apps-as-a-service (CAaaS) company is now stretching its wings as it continues a rapid expansion in Asia and the United States. Whispir has increased staff by nearly half over the past 24 months, with sales across all regions up by 55 percent as calculated on a monthly recurring basis.

However, Asia is still their strongest source of growth, with Whispir experiencing a 145 percent year-on-year growth in Singapore alone.

Whispir consider themselves leaders in the communication space, offering CAaaS to businesses of all sizes across three global markets. Whispir Asia and Global Channels vice president, Andrew Fry uses Singapore-based StarHub as an example, as they use Whispir as a platform to access new horizontal enterprise business opportunities outside the traditional telco product buyers.

“Whispir’s expansion and success in enterprise messaging is aligned with that of StarHub,” Fry says. “We are witnessing some incredible growth for communications apps in Singapore at the moment, and are very confident that this trend will continue as we progress towards being a smart nation of mobile professionals. We look forward to growing alongside StarHub in this very exciting market.”

According to Whispir, the company has seen particular growth in crucial market areas like customer engagement, crisis communications, operational communications in a number of different industries like banking & finance, education and health.

Whispir CEO, Jeremy Wells says the secret behind their rapid expansion into Asia and beyond is that unlinke most contemporary SaaS business, Whispir has a channel model.

“It is the strength of Whispir’s alignment with its channels that results in a more capital efficient business,” says Wells. “Andy Penn, Telstra CEO, has stated many times that innovative communications solutions that deliver more value to Telstra’s customers over traditional commodity services is the key to Telstra’s future success. Similarly, Telstra’s interest in Asian expansion is entirely consistent with Whispir’s Asian ambitions.”

Whispir is also making inroads in the American market, and it will be interesting to see how they progress as enterprises evolve into the digital age.

Gartner names newcomer Exabeam a leader in SIEM
The vendor landscape for SIEM is evolving, with recent entrants bringing technologies optimised for analytics use cases.
52mil users affected by Google+’s second data breach
Google+ APIs will be shut down within the next 90 days, and the consumer platform will be disabled in April 2019 instead of August 2019 as originally planned.
Genesys PureCloud generates triple-digit revenue growth year on year
In Australia and New Zealand, the company boosted PureCloud revenue by nearly 100%.
Symantec releases neural network-integrated USB scanning station
Symantec Industrial Control System Protection Neural helps defend against USB-borne cyber attacks on operational technology.
IDC: Standalone VR headset shipments grow 428.6% in 3Q18
The VR headset market returned to growth in 3Q18 after four consecutive quarters of decline and now makes up 97% of the combined market.
Open source will be the next big thing for the channel
Channel firms should be on the lookout for opportunities across open source and more diverse software offerings like software-defined containers and storage.
Gartner names LogRhythm leader in SIEM solutions
Security teams increasingly need end-to-end SIEM solutions with native options for host- and network-level monitoring.
NBN Co rolls out 'optimised' wholesale business bundles for ISPs
“We recognise some businesses are on nbn powered plans that have not been optimised for their needs," says Paul Tyler.