A sole investor has given Bandwidth.com $20.47 million, according to a news report.
Citing a filing from the U.S. Securities and Exchange Commission, Citybizlist reports that the commercial VoIP network services provider will also acquire Dash Carrier Services (News - Alert).
Bandwidth.com’s revenue after the deal will be “upward of $100 million,” according to Citybizlist.
TMCnet CTO Tom Keating said in a blog post that Bandwidth.com is a national supplier of VoIP network services to Voice 2.0 innovators such as Skype and Pinger (News - Alert).
Dash Carrier Services is a provider of emergency services and wholesale carrier voice solutions, Keating explained. Dash, which was founded in 2002, has its headquarters in Denver, Colo., and has partnered with many top innovators.
“The acquisition provides Bandwidth with a definitive competitive edge, as it will now tightly couple additional advanced services, such as E911 calling, with its core voice and SMS offerings to deliver a stronger experience for customers who would otherwise need to cobble together these services in much less efficient ways,” Keating added.
Bandwidth.com (News - Alert) manages more than 17 million numbers. With that amount, it is the sixth largest facilities-based provider in the United States, Keating said.
Also, through its approach, Bandwidth.com makes it easier for application developers to introduce voice, SMS, and emergency services without the use of in-house resources or expertise, Keating said.
Keating also noted that the deal with Dash is one of many milestones for Bandwidth.com given its continuing rapid expansion.
For example, Bandwidth.com earlier this year agreed with Verizon (News - Alert) that the two companies would “terminate each other's VoIP traffic at a rate of $0.0007 a minute,” according to Citybizlist.
Among the company’s top officials, as listed in the SEC filing, are:
· Chairman Henry Kaestner (News - Alert)
· CEO David Morken
· President John Murdock
· COO Chris Chuang
· Secretary Christopher Matton
Ed Silverstein is a TMCnet contributor. To read more of his articles, please visit his columnist page.
Edited by Tammy Wolf