About Newstep Networks
Newstep Networks is a company based in Toronto (Canada) founded in 2003 was acquired by Broadview Networks in June 2009. Newstep Networks has raised $9.5 million across 1 funding round from investors including Broadview Networks. Newstep Networks operates in a competitive market with competitors including Dialpad, RingCentral, Skype, Fuze and Simpplr, among others.
- Headquarter Toronto, Canada
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Sectors
Telecommunications
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$9.5 M (USD)
in 1 rounds
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Latest Funding Round
$9.5 M (USD), Series C
Jan 28, 2008
- Investors
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Employee Count
Not available
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Acquired by
Broadview Networks
(Jun 08, 2009)
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Funding Insights of Newstep Networks
Newstep Networks has successfully raised a total of $9.5M through 1 strategic funding round. The most recent funding activity was a Series C round of $9.5 million completed in January 2008. 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.
Investors in Newstep Networks
Newstep Networks has secured backing from 1 investor. Prominent investors backing the company include Broadview Networks.
| Investor | Description | Founded Year | Domain | Location |
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Business telecommunication services including VoIP and cloud systems are provided.
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Investor details for Newstep Networks
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Investments & Acquisitions by Newstep Networks
Investment portfolio details for Newstep Networks
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Financial Statements - Newstep Networks
Detailed financials for Newstep Networks
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Newstep Networks Comparisons
Peer comparison for Newstep Networks
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Competitors of Newstep Networks
Newstep Networks 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 Dialpad, RingCentral, Skype, Fuze and Simpplr, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based unified communication solutions including voice and video are provided.
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Cloud-based unified communication solutions are offered to diverse sectors.
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VoIP software for internet video chats and calls is offered.
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Fuze, under 8x8, Inc., is recognized for providing cloud-based communication and customer experience solutions.
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An AI platform is utilized for connecting employees across organizations.
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SoftSwitch and VOIP solutions are provided for cloud-based communication networks.
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Detailed competitors of Newstep Networks
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Latest news on Newstep Networks
Complete news archive for Newstep Networks
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Frequently Asked Questions about Newstep Networks
Newstep Networks was founded in 2003 and raised its 1st funding round 5 years after it was founded.
Newstep Networks is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Newstep Networks is a funded company, having raised a total of $9.5M across 1 funding round to date.
NewStep Networks was founded in 2003 in Toronto, Canada, and operates in the telecommunications sector. Software solutions for fixed-mobile convergence are delivered to network operators. Traditional voice networks are leveraged through these solutions to develop service bundles that incorporate voice and data features from wireline, wireless, IP, and VoIP networks. Financial sustainability is supported for service providers in creating differentiated offerings.
Newstep Networks's top competitors include Agora, Dialpad and RingCentral.
Newstep Networks has 1 investor. Key investors include Broadview Networks.