Bandwidth (company)

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Bandwidth Inc.
TypePublic
Nasdaq: BAND (Class A)
Russell 2000 Index company
Founded1999; 23 years ago (1999)
HeadquartersRaleigh, North Carolina
Key people
David Morken, CEO
ProductsTelecommunications
Voice
SMS
MMS
SIP Trunking

Phone Numbers
Number of employees
700+[1]
Websitewww.bandwidth.com

Bandwidth is a Communications Platform as a Service (CPaaS) company. They sell software application programming interfaces (or APIs) for voice and messaging, using their own 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.[2] Bandwidth moved to Centennial Campus of North Carolina State University in Raleigh, North Carolina in 2012.[3] Bandwidth announced in 2020 a plan to move its corporate headquarters to 2021 Edwards Mill Road in Raleigh. The proposed campus is slated to include two five-story buildings, covering 450,000 square feet, and later an additional 350,000 square foot phase. Bandwidth also stated an intent to hire for some 1,000 new positions at the time of the announcement. [4][5]

As of December 31, 2018, Bandwidth maintains a workforce of 700+ employees.[6]

On November 10th 2017, the company had an initial public offering on the NASDAQ which raised $80 million in capital by selling 4 million $20 shares.[7][8]

Acquisitions[]

On October 12th 2020 Bandwidth announced it had signed a definitive agreement to acquire Voxbone for an enterprise value of €446 million EUR. [9][10]

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.[11]

See also[]

References[]

  1. ^ "David Morken's faith in fiber grows Raleigh-based Bandwidth".
  2. ^ "Bandwidth co-founder steps down".
  3. ^ "NC State's Centennial Campus Announces Newest Corporate Partner - Bandwidth".
  4. ^ "Bandwidth, development partners unveil renderings of future HQ campus in Raleigh".
  5. ^ "Bandwidth Inc. unveils plans for new corporate HQ in Raleigh".
  6. ^ "David Morken's faith in fiber grows Raleigh-based Bandwidth".
  7. ^ "Overview". www.nasdaq.com.
  8. ^ "Bandwidth stock up 5% after IPO".
  9. ^ "Bandwidth to Acquire Voxbone".
  10. ^ "Bandwidth to Acquire Voxbone, Propel Global Expansion".
  11. ^ "Tired of robocalls? NC State, Bandwidth team up in search of solutionsl".

External links[]

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