SaaS

Fastest Growing Connectbase is Bridging Gaps and Driving Growth in the Connectivity Sector through Innovative B2B SaaS Solutions

“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.”

SMEBRJanuary 4, 19:35
Fastest Growing Connectbase is Bridging Gaps and Driving Growth in the Connectivity Sector through Innovative B2B SaaS Solutions

Edison Smith, VP of Sales for Europe, the Middle East, and Africa (Photo Credit: Connectbase)

Ben Edmond, CEO of Connectbase, established the company in 2015. With a rich background in the fiber, telecom, and networking industry, he brings over two decades of executive leadership experience to the company. Ben, having spent significant time in the industry, witnessed the challenges faced by connectivity providers in positioning themselves for sustained growth and identified gaps in their current capabilities. Among the most important revelations was the need for location context in everything they did – from identifying suppliers to quoting them and from prospecting buildings to pricing them. Connectbase was founded to specifically serve these buyers and sellers of network and deliver a level of precise decision-making and automation that was unrivaled.

Put simply, Connectbase is a B2B SaaS go-to-market platform designed specifically for the connectivity industry. At the heart of Connectbase lies the Connected World platform, which serves as a catalyst for client growth. It achieves this by boosting market visibility, effectively managing location data, and fostering engagement. The platform acts as the definitive record system for identifying where connectivity providers intersect and pass through in the commercial market, playing a crucial role in optimizing operations in the connectivity sector.

Connectbase is headquartered in Westborough, Massachusetts. 

Recent Development

Connectbase™ recently announced that it has acquired MasterStream ERP. MasterStream, a telecom-centric configure-price-and-quote platform that currently processes 500,000 quotes monthly, focuses on transactions in the channel. This acquisition grows the Connectbase ecosystem, accelerates the adoption of digital transactions by the channel world and solidifies Connectbase’s position as the leading global quoting and transaction platform for connectivity.

“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.”

Connectbase, known for its strengths in serving connectivity commerce transactions, will expand and accelerate its channel offerings post-acquisition to further empower the ease of connectivity buying and selling for service providers, trusted advisors, and the entire digital infrastructure and services ecosystem.

“This acquisition perfectly aligns with our strategic growth plan; Connectbase is growing supply and demand within our ecosystem, geographic reach, product set and go-to-market channels,” added Edmond. “This acquisition truly enhances our ability to serve our customers and partners better. Every move we make is to increase our value to ecosystem members and the industry.”

The announcement of MasterStream’s acquisition comes on the heels of other major announcements from Connectbase, including the acquisition of London-based LMX in the spring and the securing of an additional $16 million in line-of-credit funding from Silicon Valley Bank in the summer. The new combined Connectbase boasts the largest global ecosystem of over 300 service provider APIs, securely connecting buyers and sellers across six continents with more than 2.7 billion unique serviceable locations through the proprietary Location Truth™ service in The Connected World platform, and positioning Connectbase strongly as it moves into 2024.

New Addition to the Leadership Team
 
In May last year, Connectbase appointed Edison Smith as the Vice President of Sales for Europe, the Middle East, and Africa.

"Connectbase is thrilled to have Edison join our team and contribute to our global expansion serving Europe, the Middle East and Africa," said Ben Edmond. "His experience working with growing brands in the industry supports our mission and makes Edison a great asset to our customers and partners across the globe."