Connectbase, the industrial cloud for connectivity, acquires London-based LastMileXchange (LMX), expanding the Connectbase brand globally.
Following this acquisition, Connectbase will have the largest global API ecosystem securely connecting buyers and sellers across six continents with over 2 billion unique locations on The Connected World platform.
Existing Connectbase customers will benefit from the extended reach that LMX brings to the Connectbase platform in EMEA and APAC, and LMX customers will have the opportunity to access the industry’s leading global connectivity marketplace through Connectbase, a statement said.
“Connectbase’s vision has always been global,” said Ben Edmond, CEO and Founder of Connectbase. “Bringing LMX’s reach, offerings, customer base and team into the Connectbase fold is part of our long-term strategic vision and adds incredible value to the existing customer base of two companies. With this acquisition, we are strengthening our presence in EMEA and APAC, and continuing our journey as a truly connected global platform. Over the past 18 years, LMX has developed impressive digital off-net quoting solutions for global telecommunications carrier customers. Now, through their integration into the Connectbase ecosystem, LMX customers will be able to transform and automate their network buying and selling functions with ease.”
All LMX employees will join the Connectbase team. By merging the resources, customers and skills of both companies, Connectbase will continue to expand and show accelerated growth, expanding the global ecosystem of connectivity and infrastructure service providers, according to the statement.
“Combining the precise, fast and accurate quoting that LMX provides globally with the vast market data, rich ecosystem and automated quoting of Connectbase in North America brings great value to our LMX customers and the future of our business,” said James Grant, co-founder of LastMileXchange.
Andrew Hoskin, co-founder of LMX, added: “Our missions are a perfect match; both companies recognize the essential nature of connectivity, automation and data to meet the needs of network providers worldwide and ultimately those of their customers. Together, we are creating a global marketplace to modernize the way the world is connected.”
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.