Netifice Communications
Netifice Communications is redefining how Managed Service Providers deliver secure IP data and voice communication services.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor investor investor investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
Founded in 1996, Netifice Communications established itself as a provider of flexible IP VPN solutions. The company's core business involved delivering managed network services that enabled businesses to securely connect corporate headquarters, regional offices, and remote workers. Its service portfolio was built around lowering costs and increasing the scalability for enterprise applications and communication systems. Netifice provided customized IP VPNs utilizing a wide selection of access and security options, including site-to-site IP VPN, SSL VPN, IPSec, and MPLS VPN solutions.
The company's business model focused on offering comprehensive managed IP data, voice, and security services to enterprise clients. This was supported by advanced systems for management and monitoring, alongside service level agreements that guaranteed site-to-site performance and reliability. Over its history, Netifice raised a total of $96.5 million in funding over three rounds from investors including Comcast Ventures, Columbia Capital, and Rho Canada Partners. A significant milestone occurred in February 2006, when the company raised $35 million and announced its merger with MegaPath Networks. The merger was completed in May 2006, with the combined entity operating under the MegaPath brand to leverage its market reputation. Craig Young, from Netifice, continued as Chairman and CEO of the newly formed company. This strategic consolidation created the largest independent provider of managed broadband VPNs in North America at the time, with revenues exceeding $125 million.
The combined company, MegaPath, continued to evolve, eventually being acquired by cloud service provider Fusion Connect in 2018 for $71.5 million. Keywords: IP VPN solutions, managed network services, secure remote access, enterprise communication, network security, MPLS VPN, SSL VPN, IPSec, WAN solutions, telecommunications, managed security services, network monitoring, broadband VPN, voice over IP, VoIP, cloud connectivity, unified communications, network management, remote workforce solutions, enterprise networking