Edocs
Edocs today remains the fastest-growing leading provider of Customer Self-Service and e-Billing software solutions.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 | round | |
| investor investor investor investor investor | €0.0 | round | |
| investor investor investor investor investor investor investor investor | €0.0 | round | |
| investor investor investor investor investor investor investor investor | €0.0 | round | |
$115m Valuation: $115m | Acquisition | ||
| Total Funding | 000k | ||
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Edocs, Inc., established in 1997 by founder Kevin Laracey, carved a significant niche in the enterprise software market by focusing on e-billing and customer self-service solutions. The company, headquartered in Natick, Massachusetts, provided a software suite that enabled large enterprises to offer their customers a comprehensive online portal for account management.
The core of its business was a platform that empowered end-customers to independently manage their accounts, review bills and statements, initiate payments, purchase additional services, and resolve issues through a company's website. This addressed a critical business need for its clients, which included major players in the telecommunications and financial services sectors like AT&T Wireless, Sprint, American Express, and GE Capital. By facilitating a shift to online self-service, Edocs helped these corporations reduce contact center traffic and operational costs while aiming to improve customer satisfaction. The business model was centered on licensing its proprietary software solutions to these large enterprises.
A key product in its portfolio was eaCare, a self-service solution that provided a customer-facing dashboard for advanced account management, order processing, and a natural language search engine for inquiries. The company demonstrated substantial growth, raising $58.6 million in funding and being recognized by Deloitte & Touche as one of North America's fastest-growing technology companies prior to its acquisition. The journey for Edocs as an independent entity concluded on January 14, 2005, when it was acquired by Siebel Systems, which was subsequently acquired by Oracle.
Keywords: e-billing, customer self-service, enterprise software, account management software, online payment platform, customer care solutions, eaCare, Kevin Laracey, Siebel Systems acquisition, telecommunications billing, financial services software, customer inquiry management, service configuration, order management, statement presentment, self-care technology, online bill payment