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.

Bandwidth Inc.
Company typePublic
Nasdaq: BAND
Russell 2000 Index company
Founded1999 (1999)
HeadquartersRaleigh, North Carolina, US
Key people
David Morken (CEO)
Products
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]

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]

Acquisitions

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]

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.[9]

See also

References
  1. "David Morken's faith in fiber grows Raleigh-based Bandwidth". July 2019.
  2. "Bandwidth co-founder steps down".
  3. "Bandwidth Opens New Global Headquarters (CBS-17)". August 2023.
  4. "Overview". www.nasdaq.com.
  5. "Bandwidth stock up 5% after IPO".
  6. AP (2024-01-23). "North Carolina technology company Bandwidth leaves incentive agreement with the state". Winston-Salem Journal. Retrieved 2024-01-24.
  7. "Bandwidth to Acquire Voxbone".
  8. "Bandwidth to Acquire Voxbone, Propel Global Expansion".
  9. "Tired of robocalls? NC State, Bandwidth team up in search of solutionsl".
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