Developer of an enterprise communication platform designed to tools for voice, messaging and phone verification. The company's enterprise communication platform platform provides a set of cloud-based communication application program interfaces (APIs) that helps to integrate with multiple carriers, enabling enterprises to reimagine their digital customer experiences by providing them with the tools they need to easily communicate information to customers in real-time.
Profitable
Acquired/Merged (Operating Subsidiary)
Formerly VC-backed
The company was acquired by Vonage Holdings (NYSE: VG) for $250 million on June 6, 2016. The deal was supported through $325 million of revolving credit line and $125 million of term loan arranged by JPMorgan, Citizens Bank, Fifth Third Bank, MUFG Union Bank, Santander Bank, Silicon Valley Bank, SunTrust Bank and Keybank.
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