# Net6

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/net6

- Industry: Marketing/Advertising
- Headquarters: Hamilton, Canada
- Website: www.net6.ca
- Total disclosed funding: $25M
- Latest round: Series B (Jun 1, 2004)
- Investors on record: 3

## About

Net6 is a telecommunications company that delivers comprehensive connectivity solutions, enhancing security and scalability for organizations across various sectors.Net6 is a telecommunications provider based in Hamilton, Canada, specializing in connectivity solutions. In December 2004, the company was acquired by Citrix Systems, Inc. for USD 50 mn. There are no known changes in business operations or structure since its inception.Net6 offers a wide range of telecommunications solutions aimed at maintaining connectivity and security for businesses of all sizes. Their core offerings include managed networks, unified communications, and network security services, such as cloud-based voice systems and cybersecurity solutions. The company serves a diverse clientele, including municipalities and enterprises primarily in the Greater Toronto-Hamilton Area.Net6 generates revenue through a structured model involving subscription-based services and direct B2B partnerships. Clients engage with the company through contracts tailored for managed networks and unified communications, which are billed on a monthly basis. Their services are designed to meet the unique requirements of organizations, contributing significantly to their revenue through high-performance data and voice networks.With the recent acquisition by Citrix Systems in December 2004 for USD 50 mn, Net6 is positioned to leverage Citrix's resources for future growth. The company plans to expand its telecommunications solutions into new geographic markets and sectors, targeting urban centers in Canada that require enhanced telecom infrastructure. Investment from Citrix is expected to support these initiatives, enabling Net6 to develop new products and services tailored to emerging market needs.

## Funding rounds

- Series B, Jun 1, 2004, $8M — Scale Venture Partners
- Series B, Apr 9, 2003, $8.5M — OVP Venture Partners, Sierra Ventures, Scale Venture Partners
- Series A, Jun 1, 2000, $8M — OVP Venture Partners, Sierra Ventures

## Investors

- OVP Venture Partners (https://capitalatlas.ai/funds/ovp-venture-partners) — Series A, Series B
- Sierra Ventures (https://capitalatlas.ai/funds/sierra-ventures) — Series A, Series B
- Scale Venture Partners (https://capitalatlas.ai/funds/scale-venture-partners) — Series B