FRING



		Tel Aviv-based fring is a technology product company that has developed a free mobile VoIP software client that allows users to talk and live chat (Instant Messaging) using their mobile handset’s Internet connection instead of mobile airtime (GSM) minutes at a significant cost saving. fring enables mobile calls through Wi-Fi Internet access or GPRS, EDGE or 3G Internet data plans.

fring offers its clients easy communication with all their fring, Skype®, MSN® Messenger, Google Talk™, Twitter and regular phone contacts from a single integrated contact list. fring supports SkypeOut and hundreds of SIP-based services, enabling cheap local and international VoIP calls to contacts’ PCs, mobile phones and landlines. fring is also enhanced with real-time contact availability (presence) so users can see who is available before dialling.

fring roams between Wi-Fi and 3G networks while bypassing traditional mobile voice and SMS messaging services, mobile-to-mobile calls, mobile-to-landline calls, and mobile-to-PC calls, including integration into Skype, MSN Messenger and Google Talk. The patent-pending peer-to-peer mobile VoIP technology delivers full-duplex voice quality with rich internet functionality and maximum network efficiency.

Overview of the year to 30 June 2007

During the financial year, VenFin participated in extending a convertible bridging loan to fring alongside, among others, Veritas Venture Partners (Veritas), a founding shareholder in fring.