Acquiring MasterStream ERP, a telecom-centric configure-price-and-quote platform, has allowed Connectbase, a company naming itself The Industry Cloud for Connectivity, to significantly expand the range of services it offers. This strategic decision not only expands Connectbase’s ecosystem. It would also represent a significant advancement in the channel industry’s acceptance of digital transactions, solidifying Connectbase’s position as worldwide platform for connectivity and quotation.
“Combining MasterStream, Connectbase and LastMileXchange, who we acquired earlier this year, we’ve significantly increased the demand power and volume behind our already powerful Marketplace,” said Ben Edmond, Founder and CEO of Connectbase.Channel transactions are the main emphasis of MasterStream ERP, which is renowned for processing an astounding 500,000 quotations per month. The acquisition would transform Connectbase and give it more clout in the market, amplifying its already significant impact. Financial terms of this acquisition were not disclosed.
MasterStream's incorporation into Connectbase's ecosystem has excited Ben Edmond, the company's founder and CEO. He emphasized how this purchase creates synergy, bringing supply and demand in the connectivity space together and supporting the expansion spearheaded by channel partners.
Connectbase, which has made a name for itself as a major participant in connecting commerce transactions, would find special significance in this acquisition. MasterStream’s addition is anticipated to expand and quicken Connectbase’s channel capabilities, making connectivity purchasing and selling easier for service providers, trusted advisors, and the whole ecosystem of digital infrastructure and services.
Combining MasterStream, Connectbase and LastMileXchange
“We are excited to welcome the MasterStream team and customer base into the Connectbase ecosystem, and further unite the supply and demand of connectivity for suppliers, buyers and the channel partners driving growth in the market,” said Ben Edmond, Founder and CEO of Connectbase. “Combining MasterStream, Connectbase and LastMileXchange, who we acquired earlier this year, we’ve significantly increased the demand power and volume behind our already powerful Marketplace, making Connectbase the single biggest source of digital demand for the connectivity industry.”
Other significant achievements for Connectbase, such as the previous acquisition of London-based LMX and an extra $16 million in line-of-credit capital from Silicon Valley Bank, come on the heels of the acquisition of MasterStream ERP. With over 300 service provider APIs, Connectbase, which has recently undergone expansion, currently claims to have the biggest worldwide ecosystem. Its patented Location Truth service in their ‘The Connected World’ platform would service over 2.7 billion distinct locations while securely tying together buyers and sellers across six continents.
