Since 2009, etherFAX has changed how faxes are typically sent and received. Its technology leverages the Internet instead of PSTN networks to manage fax communications. Extending existing fax servers to the cloud, etherFAX removes the need for costly components and recurring telephony expenses. Fax-over-IP (FoIP) is currently the number one driver of fax server sales, and security compliance regulations in industries like healthcare continue to propel the growth in the market. Research shows that revenue from hybrid fax systems that are highly secure and provide disaster recovery—like etherFAX—is expected to double by 2017.
“As a company that employs a web services model for the benefit and convenience of our customers, we appreciate Lighter Capital’s Capital-as-a-Service model, which is enabling us to streamline the financing process from start to finish,” says Paul Banco, CEO of etherFAX. “It’s how all financing should get done.”
etherFax will use this funding to scale their operations and drive broader adoption of etherFAX SEN, their patented Secure Exchange Network.
“etherFAX is extremely well-positioned for rapid growth and a terrific match for revenue-based financing,” says BJ Lackland, CEO of Lighter Capital. “We look forward to helping the company grow and achieve its full potential in the marketplace.”