Carolina Networks, Inc.
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Carolina Networks, Inc. - overview
Established
1995
Location
Greensboro, NC, US
Primary Industry
IT Infrastructure
About
Carolina Networks, Inc. specializes in providing digital solutions that enhance online presence for small to medium-sized enterprises. Their offerings include website building tools, domain registration, and marketing services. Founded in 1995, Carolina Networks, Inc.
is headquartered in Greensboro, US. The company is focused on delivering innovative digital services and was acquired by Dynamic Quest, Inc. , a portfolio company of Spire Capital, in 2019. The acquisition's financial terms were not disclosed.
The company primarily focuses on delivering innovative digital solutions designed to enhance online presence and bolster business operations. Its core offerings include comprehensive website building tools, domain registration services, and a suite of online marketing solutions aimed at empowering small to medium-sized enterprises (SMEs) across various sectors. These products facilitate the creation and management of websites, enabling users to establish a professional online identity while optimizing their visibility through SEO and marketing integrations. The company serves a diverse client base that spans multiple geographical markets, including North America, Europe, and parts of Asia, catering to entrepreneurs, freelancers, and established businesses looking to improve their digital footprint.
Revenue generation for the company is structured around a recurring subscription model, where clients pay for ongoing access to various services and tools. Transactions typically occur through direct-to-consumer channels, with customers selecting from different pricing tiers based on the functionalities required, such as enhanced website features or additional marketing capabilities. Each tier is designed to accommodate a range of needs, allowing businesses to scale their investments as they grow. Flagship services include trademarked website builder solutions and specialized marketing platforms, which contribute significantly to the overall revenue stream.
The company maintains a focus on customer retention through value-added services and support, ensuring continued engagement with its client base. As of January 2019, Carolina Networks, Inc. has been under the ownership of Dynamic Quest, Inc. The company is expected to leverage its acquisition to enhance its product offerings and expand its market reach.
Future plans include the development of new digital tools aimed at improving user experience and expanding into new markets, particularly within North America and Europe, by 2023. Recent funding is anticipated to be utilized towards these strategic expansions and product launches.
Current Investors
Dynamic Quest, LLC
Primary Industry
IT Infrastructure
Sub Industries
Business Support Services, IT Infrastructure, IT Security/Cybersecurity, Systems Management Software, Monitoring & Security Software, Accounting/Finance Software
Website
www.cnetnc.com
Verticals
Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Carolina Networks, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Carolina Networks, Inc. | - |
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