Coso Cloud LLC

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Coso Cloud LLC - overview

Established

2007

Location

Oakland, CA-California, US

Primary Industry

Internet

About

Connect Solutions provides secure eLearning and virtual collaboration solutions, focusing on high-consequence environments to enhance training effectiveness and compliance with regulatory standards. Founded in 2007 in Oakland, US, Connect Solutions specializes in secure virtual collaboration solutions. Glen Vondrick leads the company, which has seen significant developments in its business strategy since its inception. The firm engaged in its most recent investment deal on December 27, 2012, with Frontier Capital, although the funding amount remains undisclosed.


CoSo Cloud specializes in secure eLearning and virtual collaboration solutions tailored for high-consequence environments. Their core offerings enhance existing platforms such as Adobe Connect, Adobe Learning Manager, and Zoom by integrating robust security features, regulatory compliance reporting, and high-availability options. CoSo Cloud’s personalized white glove services ensure that each client’s specific needs are met, allowing for customized virtual classrooms and the integration of eLearning tools. The company primarily serves clients in sectors requiring stringent data protection and training protocols, such as government agencies, healthcare organizations, and corporate enterprises, ensuring that sensitive information remains secure while providing a comprehensive eLearning experience.


Geographically, CoSo Cloud’s products are utilized across North America and Europe, catering to a diverse range of industries. CoSo Cloud generates revenue through subscription-based models and partnerships that allow clients to access their suite of secure virtual training solutions. Clients typically engage in transactions that involve annual or multi-year contracts, which provide access to the company's tailored services and ongoing support. The company’s offerings include flagship products like its enhanced security integrations for popular web meeting systems and its managed services, which further bolster eLearning capabilities for organizations.


The pricing structure reflects the complexity of service customizations and the level of support provided, with various tiers designed to accommodate different organizational needs. CoSo Cloud's business model emphasizes long-term client relationships, ensuring that customers receive continuous value from their investment in secure virtual training solutions. Looking ahead, Connect Solutions plans to enhance its product offerings with new features designed for release in 2023, focusing on improved security and user experience. Additionally, the company aims to expand into the European market by mid-2024 to meet growing demand for secure eLearning solutions.


The investment from Frontier Capital will support these initiatives, particularly in product development and market entry strategies.


Current Investors

CCB Frontier Capital

Primary Industry

Internet

Sub Industries

Education & Training Website, Social Networking & Communication Platform

Website

http://www.cosocloud.com

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

Coso Cloud LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
GrowthCompletedCoso Cloud LLC-

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