VoIP Phone System Provider IPitomy Secures Line of Credit from LandMark Bank of Florida
July 10, 2007

For companies that manufacture IP communications products, the sometimes volatile nature of the marketplace can, at times, make staying competitive a challenge. Obtaining outside funding is one way such companies stay ahead of the curve when serving a global customer base.

That’s the tact taken by IPitomy, a company that offers a family of VoIP phone system products for small to medium-sized businesses (SMBs). The company recently announced that it has established a revolving line of credit with LandMark Bank of Florida.

LandMark Bank president Thomas Quale said that the institution seeks opportunities to invest its resources in companies that develop innovative products using emerging technologies and that boast experienced, proven management. IPitomy fits that bill nicely.

“We look forward to a long and fruitful relationship with IPitomy,” Quale said in a statement.

Nick Branica, founder and CEO of IPitomy, expressed his satisfaction with having secured financing from a bank that recognizes the company’s approach to IP communications.

“The financing will enable IPitomy to expand our inventory to meet the growing demand for our products,” Branica said.