Bandwidth_(company)
Bandwidth Inc.
Bandwidth Inc. is a communications platform as a service company. It sells software application programming interfaces (or APIs) for voice, text messaging and emergency services, using its own global IP voice network.
| Company type | Public |
|---|---|
| Nasdaq: BAND Russell 2000 Index company | |
| Founded | 1999; 25 years ago (1999) |
| Headquarters | Raleigh, North Carolina, US |
Key people | David Morken (CEO) |
| Products |
|
Number of employees | 700+[1] |
| Website | www |
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]
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.[3]
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.[4][5]
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.[6]
On October 12, 2020, Bandwidth announced it had signed a definitive agreement to acquire Voxbone for an enterprise value of €446 million EUR.[7][8]
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.[9]
- "Bandwidth Opens New Global Headquarters (CBS-17)". August 2023.
- "Overview". www.nasdaq.com.
- AP (2024-01-23). "North Carolina technology company Bandwidth leaves incentive agreement with the state". Winston-Salem Journal. Retrieved 2024-01-24.