For nearly a decade, Bandwidth has been a pioneer in the market for communications-as-a-service. The company’s offering, which combines a cloud-based communications platform with a Tier-1 carrier network, underlies some of the world’s most widely used videoconferencing applications. With much of the world working from home, Bandwidth had a banner year in 2020, despite the global financial chaos.
“After several successful rounds of raising capital, Bandwidth was already growing at a fast pace when I joined,” says treasurer Scott Taylor, “but the accelerated shift to the cloud in the last year certainly gave us an extra lift. We also closed a large acquisition [of Voxbone] that was transformative for our organization, helping us move into new markets internationally where we didn’t previously have a presence. We now serve around 60 countries, whereas before the acquisition, we covered about 15. All in all, 2020 was a big year for us.”
One quarter into 2021, the company remains in growth mode. “When we went public in 2017, Bandwidth had around 350 employees, or ‘bandmates’ as we say internally,” Taylor says. “We were around 800 before the Voxbone acquisition, and today we have over 1,000 bandmates around the globe. And we’ve committed to double that number again in less than a decade with plans for a spectacular new corporate campus in Raleigh, North Carolina.”
Source: Treasury & Risk
