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(Note: Intermedia Cloud Communications, Inc. withdrew its IPO plans in an SEC filing dated Feb. 21, 2024. The Sunnyvale, California-based cloud communications and collaboration platform company filed its S-1 on Feb. 26, 2021, and postponed its $294 million IPO just ahead of pricing on March 31, 2021. The company revived its IPO plans with a blank S-1/A filing on April 28, 2023. It had not updated its IPO plans since late April 2023.)
We provide a leading proprietary cloud-based communications and collaboration platform, purpose-built for our extensive and expanding network of more than 7,000 channel partners and used by a growing base of over 126,000 business customers as of Dec. 31, 2021. Through our platform, our partners provide their customers our comprehensive portfolio of enterprise-grade, seamlessly integrated Unified Communications-as-a-Service (UCaaS) solutions, including our flagship product Intermedia Unite®, as well as a suite of Business Cloud Applications (BCA) that includes cloud-based email, security and productivity applications. Our UCaaS solutions benefit from strong growth as our partners enable businesses to modernize their legacy communications architectures. To incentivize and empower our partners to grow their businesses on our platform, we offer them a highly differentiated Customer Ownership Reseller model, branded CORE™. This model enables them to resell, package and manage our solutions as if they were their own, at highly attractive economic terms while maintaining ownership of their customer relationships.
**Note: Net loss and revenue figures are for the year ended Dec. 31, 2022.
**Note: The company reports that it had 1,156 full-time-equivalent (FTE) employees as of Dec. 31, 2021, including 517 FTE employees in Russia.
(Note: Intermedia Cloud Communications, Inc. updated its IPO plans with an S-1/A filing dated April 28, 2023, which included financial statements updated through Dec. 31, 2022, but no terms. Background: Intermedia Cloud Communications revived its postponed IPO in an S-1/A filing dated April 29, 2022, with no terms, updated financial statements and a change in the co-managers’ lineup: Stephens, Inc. is no longer involved in the deal. Intermedia Cloud Communications had postponed its IPO just ahead of its expected pricing on March 31, 2021; that deal’s size was 12.24 million shares at $23 to $26 to raise $294 million.)
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