Second acquisition this year strengthens Connectbase’s position as the largest single source for connectivity marketplace demand & quoting globally
Connectbase The Industry Cloud for Connectivity, announces that it has acquired MasterStream ERP. MasterStream, a telecom-centric configure-price-and-quote platform that currently processes 500,000 quotes monthly, focuses on transactions in the channel. This acquisition grows the Connectbase ecosystem, accelerates the adoption of digital transactions by the channel world and solidifies Connectbase’s position as the leading global quoting and transaction platform for connectivity.
Top CIO News:Â CallTower Earns Prestigious Cisco Powered Premiere Provider Worldwide Designation
“We are excited to welcome the MasterStream team and customer base into the Connectbase ecosystem, and further unite the supply and demand of connectivity for suppliers, buyers and the channel partners driving growth in the market,” said Ben Edmond, Founder and CEO of Connectbase. “Combining MasterStream, Connectbase and LastMileXchange, who we acquired earlier this year, we’ve significantly increased the demand power and volume behind our already powerful Marketplace, making Connectbase the single biggest source of digital demand for the connectivity industry.”
Connectbase, known for its strengths in serving connectivity commerce transactions, will expand and accelerate its channel offerings post-acquisition to further empower the ease of connectivity buying and selling for service providers, trusted advisors, and the entire digital infrastructure and services ecosystem.
“This acquisition perfectly aligns with our strategic growth plan; Connectbase is growing supply and demand within our ecosystem, geographic reach, product set and go-to-market channels,” added Edmond. “This acquisition truly enhances our ability to serve our customers and partners better. Every move we make is to increase our value to ecosystem members and the industry.”
Latest CIO Influence News:Â Comvault Appoints Michel Borst as AVP Asia & Joanne Dean as AVP Channel & Alliances, Asia
The announcement of MasterStream’s acquisition comes on the heels of other major announcements from Connectbase, including the acquisition of London-based LMX in the spring and the securing of an additional $16 million in line-of-credit funding from Silicon Valley Bank in the summer. The new combined Connectbase boasts the largest global ecosystem of over 300 service provider APIs, securely connecting buyers and sellers across six continents with more than 2.7 billion unique serviceable locations.
Top CIO News:Â CallTower Earns Prestigious Cisco Powered Premiere Provider Worldwide Designation
[To participate in our interview series, please write to us at sghosh@martechseries.com]
