About Lumen
Lumen is a company based in Monroe (United States) founded in 1930. It operates as a IaaS (Infrastructure-as-a-Service), Managed Services, and Pay-per-Use / Usage-Based. The company has 25,000 employees as of December 31, 2024. Lumen has completed 2 acquisitions, including Alkira and Fusepoint Managed Services. Lumen offers products and services including Dedicated Internet Access (DIA), Lumen® Cloud Voice, SASE, and Contact Center Solutions. Lumen operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Monroe, United States
- Employees 25000 as on 31 Dec, 2024
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Lumen Technologies, Inc.
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Annual Revenue
$13.11 B-9.95as on Dec 31, 2024
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Net Profit
$-55 M99.47as on Dec 31, 2024
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EBITDA
$3.43 B-18.55as on Dec 31, 2024
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Latest Funding Round
$998.42 K (USD), Grant
Feb 28, 2010
- Investors
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Employee Count
25000
as on Dec 31, 2024
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Investments & Acquisitions
Alkira
& 1 more
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IPO & Listings of Lumen
Lumen is a publicly listed company on the NYSE with ticker symbol LUMN in USA, operating in the Communications sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Lumen
Lumen offers a comprehensive portfolio of products and services, including Dedicated Internet Access (DIA), Lumen® Cloud Voice, SASE, and Contact Center Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-performance internet is provided for enterprise applications.
Cloud-based voice tools are offered for customer experience.
Network and security are unified in cloud-based solutions.
AI-ready contact center solutions are built for businesses.
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Software Development Team
228 people
Leadership Team
106 people
Sales and Marketing
80 people
Product Management Team
44 people
Senior Team
39 people
Operations Team
30 people
Human Resources and Administration
29 people
Legal and Compliance
25 people
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Funding Insights of Lumen
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $998,419
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First Round
First Round
(28 Feb 2010)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2010 | Amount | Grant - Lumen | 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 Lumen
Lumen has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include National Oceanic and Atmospheric Administration. 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 |
| 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 Lumen
Lumen has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Alkira and Fusepoint Managed Services. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud networking solutions and network unification are provided.
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2018 | ||||
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Offers colocation and managed IT solutions
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Lumen
| 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 |
Lumen Comparisons
Competitors of Lumen
Lumen 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 UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, 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 |
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| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| 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 |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
IT and management consultancy services are provided globally.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Lumen
Frequently Asked Questions about Lumen
When was Lumen founded?
Lumen was founded in 1930 and raised its 1st funding round 80 years after it was founded.
Where is Lumen located?
Lumen is headquartered in Monroe, United States.
Who is the current CEO of Lumen?
Jeff Storey is the current CEO of Lumen.
How many employees does Lumen have?
As of Dec 31, 2024, the latest employee count at Lumen is 25,000.
What is the annual revenue of Lumen?
Annual revenue of Lumen is $13.11B as on Dec 31, 2024.
What does Lumen do?
Lumen is engaged in delivering cutting-edge technology solutions focused on network infrastructure and connectivity. Services are provided across various sectors including energy, financial services, healthcare, and public sector. Solutions such as Dedicated Internet Access, cloud-based voice systems, and secure access services like SASE are offered. Infrastructure support for AI workloads is emphasized, alongside scalable and secure networking for enterprises. Operations span multiple industries with a focus on enhancing digital transformation and customer experience through integrated cloud and security services.
Who are the top competitors of Lumen?
Lumen's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
What products or services does Lumen offer?
Lumen offers Dedicated Internet Access (DIA), Lumen® Cloud Voice, SASE, and Contact Center Solutions.
Is Lumen publicly traded?
Yes, Lumen is publicly traded on NYSE under the ticker symbol LUMN.
How many acquisitions has Lumen made?
Lumen has made 2 acquisitions, including Alkira, and Fusepoint Managed Services.
Who are Lumen's investors?
Lumen has 1 investor. Key investors include National Oceanic and Atmospheric Administration.
What is Lumen's ticker symbol?
The ticker symbol of Lumen is LUMN on NYSE.