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Glowpoint Gets Nearly $1.6M from Avaya

July 7, 2011 | William Zimmerman
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Glowpoint (OTCBB: GLOW) in Murray Hill, NJ, has raised nearly $1.6 million in equity financing, according to regulatory filings with the SEC. The company is a provider of telepresence and video conferencing management services. Glowpoint generated $32,000 in profits on $7 million in revenue for the quarter ending on March 31. Glowpoint issued a total of 769,049 shares of common stock to privately-held business communications service provider Avaya and Avaya's British and Canadian branches, according to the filings.

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