Bandwidth Inc.
| Company type | Public |
|---|---|
| Industry | Telecommunications |
| Founded | 1999 |
| Founder | David Morken, Henry Kaestner |
| Headquarters | Raleigh , United States |
| Products | Software APIs for voice calls, text messaging, emergency communications |
Number of employees | 1000 (2023) |
Bandwidth Inc. operates as a communications platform as a service provider, delivering software APIs for voice calls, text messaging, and emergency communications through its proprietary global IP voice infrastructure.
History
Established in 1999 by David Morken, Bandwidth expanded in 2001 when Henry Kaestner joined as co-founder, leading to the integration of Bandwidth International into Bandwidth.com.
In August 2023, the company transitioned to a new headquarters spanning 40 acres located at 2230 Bandmate Way in Raleigh, where it employed approximately 1,000 personnel at that time.
Bandwidth launched its initial public offering on November 10, 2017, listing on the NASDAQ and generating $80 million by issuing 4 million shares at a price of $20 each.
On January 11, 2024, the firm terminated its incentive agreement with North Carolina, which had obligated it to create more than 1,100 jobs locally, citing the necessity for increased flexibility in recruitment beyond the Raleigh area.
The organization is also recognized for embedding Christian values into its workplace environment, such as initiating meetings with prayer.
Acquisitions
On October 12, 2020, Bandwidth finalized an agreement to acquire Voxbone for an enterprise valuation of €446 million, thereby expanding its international presence and cloud communications capabilities.
Partnership
Bandwidth collaborated with NC State University beginning in August 2020 to conduct research (from February 2019 through January 2020) focused on identifying fraudulent call traffic associated with robocalling, aiming to enhance security measures and reduce fraud.