# IMImobile

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/imimobile

- Industry: Telecoms
- Headquarters: London, UK
- Website: www.imimobile.com
- Total disclosed funding: $13M
- Latest round: Series B (Jul 10, 2006)
- Investors on record: 2

## About

IMImobile PLC specializes in cloud communications, enabling businesses to automate customer interactions through its innovative Webex Connect platform, which supports various messaging channels and enhances engagement across sectors.Founded in 1999 and headquartered in London, UK, IMImobile PLC is a communication technology company that focuses on streamlining customer communications. It has undergone significant growth, notably with its most recent funding round being a Trade Sale to Cisco Systems, Inc. for USD 730 mn in December 2020. The company has successfully completed 5 deals since its inception, including an IPO in June 2014 that raised GBP 30 mn. The current CEO is Jay Patel, who has led the company through various strategic developments.IMImobile PLC offers Webex CPaaS Solutions, a cloud communications platform that automates customer interactions via its main product, Webex Connect. Designed for diverse industries like banking, healthcare, logistics, retail, and telecommunications, the platform supports over 16 messaging channels including SMS and WhatsApp Business. Webex Connect enables efficient marketing campaign management, enhances customer engagement in contact centers, and ensures operational communication with clients. The platform is utilized across North America, Europe, and Asia for both enterprise and direct-to-consumer interactions.In the most recent fiscal year 2024, IMImobile PLC reported a revenue of USD 180,536,528.30 with an EBITDA of USD 10,026,238.80, demonstrating a stable financial performance driven by its subscription-based revenue model from Webex CPaaS Solutions.IMImobile PLC aims to expand its product offerings by designing new features for Webex Connect, although specific release dates have not been disclosed. The company plans to target additional markets in Asia and North America by 2025 to broaden its reach. The funds from the recent Trade Sale to Cisco Systems, Inc. will likely support these growth initiatives, allowing the company to invest in product development and market expansion.

## Funding rounds

- Series B, Jul 10, 2006, $10M — FirstMark Capital
- Series A, Nov 16, 2005, $3M — SPARK Ventures

## Investors

- SPARK Ventures — Series A
- FirstMark Capital (https://capitalatlas.ai/funds/firstmark-capital) — Series B