# Peerless Network

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/peerless-network

- Industry: Telecoms
- Headquarters: Chicago, US
- Website: www.peerlessnetwork.com
- Total disclosed funding: $4M
- Latest round: Series C (Jun 28, 2010)
- Investors on record: 2

## About

Peerless Network, Inc. delivers extensive telecommunications solutions, enhancing voice communication and collaboration for businesses worldwide through advanced technologies.Founded in 2008 and headquartered in Chicago, US, Peerless Network, Inc. specializes in voice communication solutions. The firm was acquired by Infobip Limited in November 2021 for USD 200 mn. John Barnicle serves as the CEO, steering the company towards innovation in telecommunications. Peerless Network has successfully completed 8 deals, with its latest funding round being an Add-on Trade Sale in which Infobip Limited was the lead investor.Peerless Network offers a comprehensive suite of telecommunications solutions designed to enhance voice communication and collaboration for businesses globally. Their core product offerings include SD-WAN (SASE), Cloud PBX, SIP Trunking, and Toll-Free services, all engineered to provide seamless and secure connectivity for teams and customers. These solutions improve operational efficiency, enable remote work capabilities, and ensure reliable communication across diverse environments. With a network of over 4,500 interconnections in the United States, and additional operations in Canada and the United Kingdom, Peerless serves enterprises, contact centers, and businesses requiring robust voice communication infrastructure, covering 98% of the U.S. population in both urban and rural markets.Peerless Network generates revenue primarily through subscription-based services, offering flexible pricing plans tailored to their clients' needs. Their business model includes direct partnerships with enterprises and service providers, facilitating B2B transactions that leverage their advanced telecommunications infrastructure. Clients subscribe to their Cloud PBX service for centralized voice management, while SIP Trunking services provide cost-effective connectivity. Revenue is driven by the adoption of flagship products strategically priced for competitive positioning in the market, designed for scalability and reliability, catering to businesses seeking effective communication solutions without compromising quality.The recent acquisition by Infobip Limited in November 2021 aims to expand its presence in the US Voice-over-IP sector, enhancing its offerings for Peerless Network's customers. Future growth plans include integrating Infobip's suite of CPaaS offerings into Peerless's service portfolio to enhance user experience and expand market reach. With the backing of USD 200 mn from the acquisition, the company plans to innovate further in its telecommunications services and seek new market opportunities to enhance its offerings.

## Funding rounds

- Series C, Jun 28, 2010, $4M — Adams Street Partners, Apax Partners

## Investors

- Adams Street Partners (https://capitalatlas.ai/funds/adams-street-partners) — Series C
- Apax Partners (https://capitalatlas.ai/funds/apax-partners) — Series C