About Access Point
Access Point is a company based in Cary (United States) founded in 1996 was acquired by GTT Communications in October 2018.. Access Point has raised $3 million across 2 funding rounds from investors including GTT Communications, Thermo Credit and Blue Water Capital. The company has 102 employees as of December 31, 2022. Access Point operates in a competitive market with competitors including 1&1 IONOS, Vonage, Viatel, Aureon and Dialog Axiata, among others.
- Headquarter Cary, United States
- Employees 102 as on 31 Dec, 2022
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Access Point, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3 M (USD)
in 2 rounds
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Latest Funding Round
$4.5 M (USD), Debt – Conventional
Jan 26, 2010
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Investors
GTT Communications
& 2 more
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Employee Count
102
as on Dec 31, 2022
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Acquired by
GTT Communications
(Oct 02, 2018)
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Funding Insights of Access Point
Access Point has successfully raised a total of $3M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $4.5 million completed in January 2010. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $4.5M
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First Round
First Round
(01 Jun 1999)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2010 | Amount | Debt – Conventional - Access Point | Valuation |
investors |
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| Jun, 1999 | Amount | Series A - Access Point | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Access Point
Access Point has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include GTT Communications, Thermo Credit and Blue Water Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Business loans are provided to companies by Thermo Credit.
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Founded Year | Domain | Location | |
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IP networks and VoIP telephony are provided to wholesale customers.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Access Point
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Access Point
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Access Point Comparisons
Competitors of Access Point
Access Point operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as 1&1 IONOS, Vonage, Viatel, Aureon and Dialog Axiata, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
Provider of contact center business communication solutions
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| domain | founded_year | HQ Location |
Connectivity, voice, and data center solutions are provided by Viatel.
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| domain | founded_year | HQ Location |
Business telecom and contact center services are provided to enterprises.
|
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| domain | founded_year | HQ Location |
Telecommunication services are delivered across Sri Lanka by Dialog Axiata.
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| domain | founded_year | HQ Location |
Cloud-based DNS, DHCP appliances, and security solutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Access Point
Frequently Asked Questions about Access Point
When was Access Point founded?
Access Point was founded in 1996 and raised its 1st funding round 3 years after it was founded.
Where is Access Point located?
Access Point is headquartered in Cary, United States. It is registered at Cary, North Carolina, United States.
Is Access Point a funded company?
Access Point is a funded company, having raised a total of $3M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3M, raised on Jun 01, 1999.
How many employees does Access Point have?
As of Dec 31, 2022, the latest employee count at Access Point is 102.
What does Access Point do?
Access Point provides business telecommunication services to the enterprise customers. Its services include voice (local, long-distance, hosted VoIP, SIP trunking, toll free), data (cable, ethernet, DSL, fixed wireless, dedicated line), private network (VPN, MPLS), and audio video conferencing. It also provides telecom expense management support to the customers. It has technological partnership with Polycom, Linksys, Edgewater Networks, BroadSoft, APC, Adtran, Call Compliance, Cerdant, Concretio, Infodirections, Segway Communications, and Equinox Information Systems.
Who are the top competitors of Access Point?
Who are Access Point's investors?
Access Point has 3 investors. Key investors include GTT Communications, Thermo Credit, and Blue Water Capital.