Stanacard Licenses Key Technology to JB Plus Ventures

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Korean telecoms group secures benefits of patented technology for its customers.

“We are pleased to license our SmartDial™ technology to innodial,” said Anastasia Koroleva, Stanacard CEO. “It will greatly help their business, while at the same time rewarding Stanacard for its innovation and investment.”

Stanacard, a leader in low-cost international calling, and innodial, a Silicon Valley-based international calling service company, have jointly announced that innodial is now licensing Stanacard’s SmartDial™ technology. SmartDial™ allows telephone users to connect to international telephone numbers by dialing a local number, which reduces the cost of global calling and makes the experience simpler for customers.

In licensing the technology, innodial can now let its customers direct-dial international friends, family and professional contacts by simply connecting to a local number. The SmartDial technology then intelligently connects the call to the international destination.

innodial focuses on the Korean market at the moment and was funded by JB Plus Ventures, whose managing director, Brian Kim, was formerly Global CTO and president of international operations at SK Telecom, the largest telecommunications provider in South Korea. “This Stanacard licensing agreement will be a great thing for our customers,” said Brian Kim. “By dialing local numbers to make cost-effective international calls our customers will enjoy considerable savings on their international calls, particularly made from their mobile phones.”

“We are pleased to license our SmartDial™ technology to innodial,” said Anastasia Koroleva, Stanacard CEO. “It will greatly help their business, while at the same time rewarding Stanacard for its innovation and investment.”

Stanacard continues to pursue legal actions against Rebtel, Jajah and other services which Stanacard believes to be using this technology without a license. Stanacard will seek to stop such operations via court injunction if they continue to infringe.

About StanaCard
StanaCard is a global leader in low-cost international calling. With its patented ‘SmartDial’ technology, commercially launched in 2004, it allows customers to direct-dial friends abroad – while only dialing a local number. SmartDial gives users a free, permanent local number for each foreign friend, allowing the convenience of speed-dialing them from a mobile phone – without paying the premium international rates of a mobile phone company. To join StanaCard’s patent licensing program, please contact legal(at)stanacard.com.

About innodial
innodial communications, Inc. is a Silicon Valley based Internet Telephony services provider founded in 2007. innodial is revolutionizing the way people make and receive calls. innodial allows its users the smartest way to make low cost international calls from anywhere in the world by using their landline or mobile phones. innodial team members are all skilled professionals and have years of experiences in Internet Telephony services. innodial is working hard to provide better services and constantly developing new ideas and technologies to meet the rapidly changing VoIP needs.

About JB Plus Ventures
JB Plus Ventures is a venture incubation and investment firm founded in 2008. Partners at JB Plus Ventures are seasoned industry executives and technology entrepreneurs, each with extensive international business experience and strong domain expertise. It already has launched a few exciting initiatives in the areas of VoIP service, music eLearning, distributed IPTV, and other convergence services or technologies.

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Rurik Bradbury

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