iCore Networks

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iCore Networks
FounderStephen Canton[1]
Headquarters
McLean, Virginia[2]
Websitewww.icore.com

iCore Networks is an American network as a service provider with headquarters in McLean, Virginia. It specializes in platforms for VoIP networks.[3] Founded in 2001, the company is known as the largest hosted unified applications and communications company[4] as well as being listed as an Inc. 5000 company.[5] iCore agreed to be purchased by Vonage for $92 million in August 2015.[6][7]

History[]

iCore Networks was founded in 2001 by Stephen Canton, a business executive who worked for Excel Communications prior to founding iCore Networks.[1] He launched the company in 2003 with a $7 million personal investment[1] and the company signed its first customer in 2004.[4] The company's services included managing VoPI networks, similar to VoIP networks. As opposed to using private point to point circuits like VoIP, iCore Networks uses a managed and hosted end-to-end system to eliminate poor call quality.[4] The company raised an additional $6.4 million in capital in 2006 that the company used to upgrade its network facilities.[8] It also partnered with Global Telecom & Technology in 2008 in order to strengthen its infrastructure.[9] By 2009 the company reported revenues of approximate $25 million per year.[10]

As of 2010, iCore Networks has boasted of having more than 75 employees and a 98% approval rating from approximately 27,000 users.[4] The same year, it expanded operations in 2010 by adding an office in Columbia, Maryland. Two years later in 2012, iCore Networks relocated the Columbia office to a larger facility in the same town.[11] Its customer base doubled in the two years prior to the relocation, with the company adding 40 employees.[11] In 2012 iCore Networks acquired cloud communications provider, Always On Call. With the acquisition, iCore Networks expanded its cloud solutions to include Unified Communications (UC), Virtual Desktop Infrastructure (VDI), Microsoft Application Collaboration, and Desktop Virtualization.[12]

Awards and recognition[]

iCore Networks has received multiple awards and recognition throughout its industry since its inception, including being named one of Top 25 Best Technology Firms in Washington D.C. as well being ranked #10 Fastest Growing Companies in Washington by the Washington Business Journal.[13][14] It has been listed as an Inc. 5000 company, as well as being ranked as high as #29 on the Inc. 500 list.[5]

References[]

  1. ^ a b c Heath, Thomas (30 March 2014). "Value Added: iCore hopes to score Silicon Valley investment on founder's persistance". The Washington Post. Retrieved 18 August 2014.
  2. ^ Hoover's Handbook of Private Companies. Hoovers Business Press. 2010.
  3. ^ Heath, Thomas (19 December 2011). "Up and comers for 2012, part 1". The Washington Post (HighBeam Research). Archived from the original on 28 March 2015. Retrieved 18 August 2014.
  4. ^ a b c d Miller, Mark A. (27 July 2010). "iCore Networks" Voice and data services over private IP network". Enterprise Networking Planet. Retrieved 15 August 2014.
  5. ^ a b Plumb, Tierney (19 August 2014). "D.C. area is No.2 home for Inc. 5000 firms". Washington Business Journals. Retrieved 19 August 2014.
  6. ^ Buckley, Sean (August 20, 2015). "Vonage acquires iCore Networks for $92M, enhances UC strategy". Fierce Telecom.
  7. ^ Bulkeley, Andrew (August 24, 2015). "Who Got Rich in Vonage $92 million iCore Purchase?". The Street.
  8. ^ "Recent Deals". The Washington Post (HighBeam Research). 25 September 2006. Archived from the original on 21 September 2014. Retrieved 18 August 2014.
  9. ^ "iCore Networks Agrees To Purchase Data Networks From Global Telecom & Technology". Wireless News (HighBeam Research). 21 April 2008. Archived from the original on 21 September 2014. Retrieved 18 August 2014.
  10. ^ Sharrow, Ryan (3 June 2010). "iCore opens Columbia office and is hiring". Baltimore Business Journals. Retrieved 18 August 2014.
  11. ^ a b Gantz, Sarah (30 April 2012). "ICore Networks adding 40 new workers in Columbia". Baltimore Business Journal. Retrieved 18 August 2014.
  12. ^ "iCore completes acquisition of Always on Call". Telecompaper. 17 December 2012. Retrieved 25 November 2014.
  13. ^ "Washington Business Journal announces 2010 Fastest Growing Companies". Washington Business Journals. 23 September 2010. Retrieved 19 August 2014.
  14. ^ "Washington's Fastest Growing". Washington Business Journals. 14 October 2010. Retrieved 19 August 2014.

External links[]

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