One Source Networks
A global network provider that serves thousands of multinational and national enterprise, government and carrier customers with a portfolio of advanced connectivity and security services.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
* | $175m Valuation: $175m | Acquisition | |
| Total Funding | 000k | ||
One Source Networks (OSN) operated as a provider of managed communications and cloud networking services, primarily targeting Fortune 1000 companies. The company was founded in 2007 by Ernest Cunningham, Tim Rigdon, and Daniel S. Tyler. Cunningham, who served as CEO, brought extensive telecommunications experience from previous senior roles at Broadwing and Level 3 Communications. This background in wholesale and national accounts was instrumental in shaping OSN's strategy.
The firm's business model was centered on simplifying communications for large enterprises by delivering a suite of services under a single contract and invoice. This included managed voice and data services, cloud-based unified communications, global network solutions, and colocation services. OSN's product portfolio featured global data, internet access, enterprise Voice over IP (VoIP), and extensive Session Initiation Protocol (SIP) trunking services. A key value proposition was its ability to offer customizable and scalable solutions on a fully redundant global network, aiming to reduce costs and complexity for its clients.
OSN demonstrated a significant growth trajectory, marked by strategic acquisitions and industry recognition. In June 2014, the company acquired StarView Solutions, a move that substantially increased its voice traffic volume and expanded its network of suppliers. This acquisition added automated voice-provisioning and management capabilities to OSN's portfolio. The company's rapid expansion was highlighted by its repeated inclusion in the Inc. 500|5000 list of fastest-growing private companies. In October 2015, One Source Networks was acquired by GTT Communications for approximately $175 million. At the time of the acquisition, for the twelve months ending June 30, 2015, OSN reported revenues of $74.6 million. The acquisition was part of GTT's broader strategy to expand its cloud networking services and increase its base of multinational clients.
Keywords: managed communications, cloud networking, unified communications, enterprise VoIP, SIP trunking, managed network services, global data services, Fortune 1000 clients, network infrastructure, telecommunications acquisition, GTT Communications, Ernest Cunningham, StarView Solutions, data center services, colocation services, enterprise networking, voice over IP, managed security, cloud-based voice, network management
Investments by One Source Networks
Edit