Bandwidth (company)

Bandwidth is a communications platform as a service company. It sells software application programming interfaces (or APIs) for voice and messaging, using their own IP voice network.

Bandwidth Inc.
TypePublic
Nasdaq: BAND
Russell 2000 Index company
Founded1999 (1999)
HeadquartersRaleigh, North Carolina
Key people
David Morken, CEO
ProductsTelecommunications
Voice
SMS
MMS
SIP Trunking
911 Access
Phone Numbers
Number of employees
700+[1]
Websitewww.bandwidth.com

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 10, 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 12, 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". July 2019.
  2. "Bandwidth co-founder steps down".
  3. "NC State's Centennial Campus Announces Newest Corporate Partner - Bandwidth" (Press release). 22 June 2012.
  4. "Bandwidth, development partners unveil renderings of future HQ campus in Raleigh". 20 October 2020.
  5. "Bandwidth Inc. unveils plans for new corporate HQ in Raleigh".
  6. "David Morken's faith in fiber grows Raleigh-based Bandwidth". July 2019.
  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".
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