Centerbeam, Inc.

Company

Investment-firm

Last deal

$1M

Amount

Venture - Series Unknown

Stage

01.04.2013

Date

3

all rounds

$42M

Total amount

Financing round

General

About Company
CenterBeam provides cloud computing and hosted IT services for mid-sized businesses.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.1999

founders

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

As an IT managed service provider (MSP), CenterBeam offers mid-sized businesses with enterprise-class information technology management, services, and support. With a 14-year track record, the company delivers cloud-based IT services to customers with on-demand IT capacity utilizing a subscription pricing model. CenterBeam offers an alternative to traditional IT funding and management by providing executives with a cost-effective solution. CenterBeam is an EarthLink Business company, which is a top U.S. internet service provider delivering wired and wireless access to more homes and small businesses than any other ISP. EarthLink has been voted the number one ISP in America in both 2020 and 2021 for overall customer satisfaction, earning first place in all four major categories: price, speed, reliability, and customer service two years in a row.
Contacts

Contact Email

Phone number

Social url

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M&A Details
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Transaction name

Acquired by

Earthlink

announced date

17.06.2013

price

$22M

Financials

Funding Rounds
3
3

Number of Funding Rounds

$42M

Money Raised

Their latest funding was raised on 01.04.2013. Their latest investor Crosspoint Venture Partners. Their latest round Venture - Series Unknown

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Subsector

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Co-Investors
Investors
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4

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Investor 
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Round 
Partners 
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Series B, Venture - Series Unknown
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Series B
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Series B
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Exits
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Centerbeam, Inc.

Centerbeam, Inc.

CenterBeam provides cloud computing and hosted IT services for mid-sized businesses.

Sector

Software and Computer Services

Subsector

Computer Services

Keywords

SaaS, Information Technology, Software

Location

Sunnyvale, CA, USA

total rounds

3

total raised

$42M

count Of Investments

1

count Of Exists

1

People

Founders
1
Glenn Ricart
Glenn Ricart

Glenn Ricart

Glenn Ricart brings forty years of innovation in computer networking and related fields to US Ignite. Glenn is an Internet pioneer who implemented the first Inter-net interconnection point (the FIX in College Park, Maryland) and was recognized for this achievement by being inducted into the Internet Hall of Fame in August 2013. In one of his previous roles where he was academic CIO at the University of Maryland, his campus implemented the first institution-wide TCP/IP (Internet) network in 1983 using low-cost PDP-11 routers (“Fuzballs”) with software devised at the University of Maryland. Glenn was principal investigator of SURAnet, the first regional TCP/IP (Internet) network of academic and commercial institutions. Dr. Ricart has also held other senior management positions including Executive Vice President and CTO for Novell in the 1990s, Managing Director of PricewaterhouseCoopers, and CEO and President of National LambdaRail. Dr. Ricart is also the founder or co-founder of five startups; the one previous to US Ignite, CenterBeam, was sold to Earthlink in 2013 after 14 years of independent operation. Glenn’s formal education includes degrees from Case Institute of Technology and Case Western Reserve University, and his Ph.D. in Computer Science is from the University of Maryland, College Park. His inventions have resulted in more than a dozen patents. Dr. Ricart has served on the boards of three public companies, CACI, the SCO Organization, and First USA Financial Services, in addition to numerous non-profits

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Employee Profiles
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Robert Bobbett

Robert Bobbett

Executive VP, Sales

Jim Clemens

Jim Clemens

VP Eastern Sales

Karen Hayward

Karen Hayward

Executive VP & CMO

Glenn Ricart

Glenn Ricart

Founder

Shahin Pirooz

Shahin Pirooz

Executive VP, CSO & CTO

Anthony C. Hardt

Anthony C. Hardt

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Ronald Weissman

Ronald Weissman

Board of Directors

Activity

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