MoreCom, Inc.

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MoreCom, Inc. - overview

Established

1997

Location

Brooklyn Park, MN, US

Primary Industry

Software

About

MoreCom, Inc. provides advanced communication solutions enhancing connectivity for businesses. Their services streamline internal and external communications, enabling effective collaboration across various sectors, including retail, healthcare, and technology. MoreCom, Inc.


specializes in delivering communication solutions to businesses. Founded in 1997, the company is headquartered in Brooklyn Park, US. In March 2000, MoreCom was acquired by Liberate Ideas, Inc. for USD 554.


4 mn. The company has completed 4 deals to date, with its latest deal occurring on March 27, 2000. The founder's history is not specified. MoreCom specializes in delivering innovative communication solutions designed to enhance connectivity for businesses across various sectors.


Their core offerings include a range of telecommunications services that streamline both internal and external communications, enabling seamless collaboration among employees and clients. The products are tailored to meet the unique needs of small to medium enterprises (SMEs) and large corporations, addressing challenges such as inefficient communication channels and the need for reliable connection solutions. The company operates in several geographical markets, including North America, Europe, and parts of Asia, where it has established a diverse client base that includes businesses in retail, healthcare, and technology sectors. By focusing on enhancing productivity and connectivity, MoreCom's products serve end users who rely on effective communication for operational success.


MoreCom generates revenue primarily through a subscription-based model, offering clients a variety of pricing plans that cater to different needs and scales of operation. Clients typically engage with MoreCom for comprehensive communication packages, which may include voice services, video conferencing solutions, and integrated messaging platforms. These services are often sold directly to consumers and businesses, fostering long-term partnerships that enhance customer loyalty and retention. A standard transaction might involve a business subscribing to a bundled telecommunications package, which provides access to multiple services at a discounted rate compared to purchasing them separately.


The pricing structure is designed to accommodate both small businesses and larger enterprises, ensuring that MoreCom's offerings remain competitive and accessible across its target markets. In March 2000, Liberate Ideas, Inc. acquired MoreCom, Inc. for USD 554.


4 mn, with the acquisition completed in June 2000. This capital will likely support future growth initiatives, including the design and launch of new products, although specific upcoming products or release dates are not detailed. Additionally, MoreCom plans to explore expansion into new geographic regions, although specific markets targeted for this expansion are currently not disclosed.


Current Investors

Vertex Ventures Israel, Giza Venture Capital, KMN Capital

Primary Industry

Software

Sub Industries

Connectivity Software, Fiber Optics

Website

www.morecom.com

Company Stage

Acquired

Total Amount Raised

Subscriber access only

MoreCom, Inc. - employee data

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MoreCom, Inc. - key contacts

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Chairman of the boardBM
Chairman of the BoardBM

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