Connectbase, a Boston, MA-based provider of an Industry Cloud for Connectivity, is acquiring LastMileXchange, a London, UK-based cloud-based access pricing solutions provider.
The amount of the deal was not disclosed.
Following this acquisition, Connectbase will have a large global API ecosystem securely connecting buyers and sellers across six continents with more than 2 billion unique locations in The Connected World platform. Current Connectbase clients will benefit from the extended reach across EMEA and APAC that LMX brings to the Connectbase platform, and the LMX customer base will have the ability to access the industry’s leading global connectivity marketplace through Connectbase.
Co-Founded by James Grant and Andrew Hoskin, LastMileXchange provides communication service providers across the globe with cloud-based access pricing solutions to automate, accelerate and streamline the quote-to-order sales process. The LMX reach enables platform customers to connect 450+ access vendors worldwide and processes over 15 million quotes per year.
Led by Ben Edmond, CEO and Founder, Connectbase is a marketplace that enables the digitization and automation of connectivity commerce. Its rich ecosystem of network buyers and sellers and location data and insights empower customers to transact digitally with quoting, ordering and more to drive growth. In late 2022, Connectbase raised $21m in Series C funding, led by DigitalBridge Ventures. With this latest funding round, the company has been enhancing its platform capabilities, investing in the team and expanding digital services into additional markets around the world.
All LMX employees will transition onto the Connectbase team. By bringing together the resources, customers and competencies of both companies, Connectbase will continue to scale and achieve accelerated growth, expanding the global ecosystem for connectivity and infrastructure service providers.
FinSMEs
15/05/2023