Jangl may Opt out of VoIP Industry

From all indications, the Silicon Valley Internet phone company that also offers VoIP services via widgets on the web-Jangl will soon opt out of VoIP services by selling off its investments in the industry.

This was confirmed by the company spokesman, Tim Johnson who said that the company is looking to be sold, and that the company has received a number of offers.

Already, some of the staff have been applying for other jobs not wanting to be caught stranded by this recent development.

The company has tried all kinds of tactics to find traction in the cut-throat world of free calls. It started by issuing you a disposable number, so that you could give out numbers to dates, for example, and avoid giving them your real number. It then moved to more fully embrace placing widgets on web sites, making it easy for you to make free calls over the Web. The company has continued to work on new initiatives, including a pre-roll ad platform for VoIP calls most recently.

Johnson further said that Jangl executives last fall directed by the company's board "to pursue acquisition opportunities in lieu of venture funding."

This suggests the Jangl's backers, which have pumped $9 million into the company beginning three years ago, saw the VoIP field as too competitive and too risky to make further investments.

 On the other hand, the company had enough money to honor its commitments to partners for quite some time. It will continue to do that.