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Telesphere: $32M Raised Over Last Two Years

Phoenix-based Telesphere, a provider of hosted PBX and Internet phone services, reported Wednesday that it has raised $32M in funding over the last 24 month. The firm said it is using the capital to reinvest in the company. Telesphere revealed the funding as its acquisition of Denver-based Unity Business Networks closed, after receiving FCC approval. Source of the funding was not disclosed.