What is "jaxtr"

__NOTOC__ Jaxtr is a social communications company that melds together global calling, SMS, and social networking. Founded by Phillip Mobin and Touraj Parang in October 2005, jaxtr uses Voice over Internet Protocol to offer competitive rates as well as free international and long distance calling. Some key differentiators for jaxtr in its market include allowing phone-to-phone calls to and from any mobile and landline phones, offering social networking focused on voice (café jaxtr), requiring no software downloads or access pins, and giving users local Direct Inward Dialing (DID) phone numbers. Offered in 56 countries, these numbers allow users in those countries to dial a local phone number which would ring a long distance or international destination phone. Jaxtr also offers users a set number of global SMS messages each month.

Jaxtr reports having over 10 million users in 220 countries in 2008. In June 2008, they raised $10 million in a Series B round of venture capital funding from Lehman Brothers Venture Partners. In the same month, they also launched their paid services. In October, Jaxtr laid off thirty percent of its employees, and its CEO, Konstantin Guericke, was fired.

Currently, the company is located in Menlo Park, CA.

On 14 June 2009, Hotmail Founder Sabeer Bhatia's Sabsebolo acquired Jaxtr for an unknown amount. Jaxtr shall function with the same brand name and help Sabsebolo with its large userbase.