The company provides communication and collaboration services for the enterprise. It offers a private, managed cloud with voice and telephony, web conferencing, messaging, and video streaming capabilities.
“Our products are used by millions of people in the top Fortune 1000 and government agencies each year to collaborate and communicate virtually from around the globe,” said CEO Michael Fitzpatrick in an email interview. “These customer collaborate on new products launches, train their workforce and partners, leverages us for sales and marketing support, and even coordinate with first responders during national emergencies.”
Customers include financial organizations, large corporations, technology companies, and 12 government agencies. ConnectSolutions claims to have delivered more than 4 billion minutes of collaboration on its UC3 Managed Cloud product and has been profitable for several years. The executives decided to take this first round of funding but wanted to accelerate the company’s growth. This investment will contribute to the development and commercialization of its technology, and possibly support acquisition opportunities.
Competitors include Cisco WebEx and IBM SameTime. Frontier Capital led this round. ConnectSolutions was founded in 2007 and currently has 50 employees, with headquarters in San Francisco. Read the filing.
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