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Established
1988
Location
Minneapolis, MN, US
Primary Industry
Telecoms
About
Spanlink Communications Inc. specializes in communications solutions, infrastructure, and security services, enhancing business operations and customer interactions across diverse sectors. Founded in 1988, Spanlink Communications Inc. operates from Minneapolis, US, focusing on integrated communication solutions.
In October 2014, the company was acquired by ConvergeOne, a portfolio company of Clearlake Capital Group. It has engaged in 2 deals, with its latest funding round being a Series A, raising USD 12. 00 mn from Bluestream Ventures and Split Rock Partners, which is the total amount raised to date. Spanlink Communications Inc.
offers a comprehensive suite of integrated solutions centered on communications, infrastructure, and security. Their core product, the C1 Connected Experience (C1CX), enhances engagement, collaboration, and automation for organizations. They provide services such as Contact Center as a Service (CCaaS) and Unified Communications as a Service (UCaaS) to improve operational efficiency and customer engagement. Their advanced cybersecurity solutions, developed in partnership with leaders like Palo Alto Networks, ensure compliance and address vulnerabilities across sectors such as healthcare, education, and government.
The company serves a diverse clientele, focusing on North America while extending services internationally. Spanlink Communications Inc. generates revenue through a structured model of subscription-based services and partnerships across various sectors. Clients subscribe to services like C1 Elly, a generative AI platform, and the C1 Cloud Calling system.
Services are often bundled for customization according to client needs, with pricing reflecting the engagement level and required resources. The revenue stream is further supported by long-term partnerships with technology providers, enhancing service value. Spanlink Communications Inc. is focused on developing new products and expanding its geographical reach.
Plans include the launch of new solutions designed to enhance communication capabilities, with targeted expansion into new markets in North America and beyond. Recent funding from the Series A round will be utilized to support these product developments and market expansions, aiming to strengthen their position by leveraging the capabilities acquired through their past acquisitions.
Clearlake Capital Group, ConvergeOne, Inc.
Telecoms
Public Relations & Communications, Telecoms
www.spanlink.com
Add-on
| 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, Trade Sale | Completed | Spanlink Communications Inc. | - |
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