Bandwidth Inc. is a
communications platform as a service
Platform as a service (PaaS) or application platform as a service (aPaaS) or platform-based service is a category of cloud computing services that allows customers to provision, instantiate, run, and manage a modular bundle comprising a computing ...
company. It sells software application programming interfaces (or APIs) for voice, text messaging and emergency services, using its own global IP voice network.
History
Bandwidth was formed in 1999 by David Morken who was later joined by Henry Kaestner as co-founder in 2001, merging Bandwidth International into Bandwidth.com.
In Aug. 2023, Bandwidth moved to a new, purpose-built 40-acre headquarters campus at 2230 Bandmate Way in Raleigh, where the company maintains a workforce of about 1,000 employees as of Aug. 2023.
On November 10, 2017, the company had an
initial public offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...
on the
NASDAQ
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...
which raised $80 million in capital by selling 4 million $20 shares.
On January 11, Bandwidth terminated its incentive agreement with the state of North Carolina, which required creating over 1,100 local jobs, citing the need for more hiring flexibility outside of Raleigh.
Acquisitions
On October 12, 2020, Bandwidth announced it had signed a definitive agreement to acquire
Voxbone
Voxbone S.A. is a global communication as a service (CaaS) company that is a wholly owned subsidiary of Bandwidth, Inc., with offices in locations including Brussels, London, San Francisco, Austin, Simi Valley, Dublin, Singapore and Iași. Voxbone ...
for an enterprise value of €446 million EUR.
Partnership
In August 2020, Bandwidth announced it had partnered with NC State University for a study that which ran from February 2019 to January 2020 to study fraudulent traffic patterns associated with robocalling.
See also
*
Unified communications
Unified communications (UC) is a business and marketing concept describing the integration of enterprise communication services such as instant messaging (chat), presence information, voice (including IP telephony), mobility features (including e ...
*
Voxbone
Voxbone S.A. is a global communication as a service (CaaS) company that is a wholly owned subsidiary of Bandwidth, Inc., with offices in locations including Brussels, London, San Francisco, Austin, Simi Valley, Dublin, Singapore and Iași. Voxbone ...
References
External links
*{{official website, https://www.bandwidth.com/
Cloud communication platforms
Software companies of the United States
VoIP companies of the United States
Companies listed on the Nasdaq
2017 initial public offerings
Companies based in Raleigh, North Carolina
Publicly traded companies of the United States
Technology companies of the United States
1999 establishments in North Carolina
Information technology companies of the United States
American companies established in 1999
Software companies based in North Carolina
Software companies established in 1999