About Palnet
Palnet is a company based in Helsinki (Finland) founded in 2001 was acquired by Atea in February 2010. Palnet operates in a competitive market with competitors including Frontiir Communications, OpVista, Sheer Networks, Paradyn and Axtel, among others.
Investors in Palnet
Palnet has secured backing from 1 investor. Prominent investors backing the company include Atea.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
IT infrastructure products and services are supplied to enterprise customers. | 1968 | atea.com | Oslo, Norway |
Investor details for Palnet
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Timeline of Palnet
2 dated milestones of Palnet across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Palnet is founded.
- Exit Acquired by Atea.
Competitors of Palnet
Palnet 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 Frontiir Communications, OpVista, Sheer Networks, Paradyn and Axtel, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| frontiir.com | 2013 | Yangon, Myanmar | $62.91M | – | Internet connectivity and managed networking services are provided in Myanmar. | |
| opvista.com | 2000 | Milpitas, United States | $53M | – | Optical carrier technology is developed for high-speed communications. | |
| sheernetworks.com | 1999 | San Jose, United States | $47M | – | Provider of network design and management services | |
| paradyn.ie | 2018 | Dublin, Ireland | $4.66M | – | Managed connectivity and infrastructure services are provided in Ireland. | |
| axtelcorp.mx | 1994 | San Pedro Garza Garcia, Mexico | – | – | Information and communication technology services are provided to various clients. | |
| hutchinsonnetworks.com | 2011 | Edinburgh, United Kingdom | $3.03M | 54 | IT and networking solutions are delivered to diverse clients. | |
| netone.co.jp | 1988 | Chiyoda, Japan | – | – | ICT solutions are provided by Net One Systems in Japan. | |
| sceptr.com | 2004 | Utrecht, Netherlands | $2.59M | – | Provider of network and application performance and security insights based on historical data | |
| vedangcellular.com | 2010 | Mumbai, India | – | 2,944 | Network integration services are provided to telecom operators and providers. | |
| airowire.com | 2014 | Bengaluru, India | – | 121 | Enterprise-scale networks are designed, built, and managed in Bengaluru. |
Detailed competitors of Palnet
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Similar companies to Palnet
10 companies that operate in the same segment as Palnet (IT Services & Operations), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 1,240 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 | |
Cloud based platform offering IT operational data and security analytics software | 2003 | San Francisco, California, United States | USD 40 M | USD 2.59 M | 108 | |
Cloud-based enterprise management solutions including backup and recovery are provided. | 2003 | Singapore, Singapore | USD 658 M | – | – | |
Cloud and application performance management platform is provided. | 2010 | New York, New York, United States | USD 147.19 M | USD 2.68 B | 6,500 | |
Converged data management solutions are provided for backup and recovery. | 2014 | Palo Alto, California, United States | USD 553 M | USD 1.32 B | 3,200 | |
IT backup and recovery solutions are provided via cloud platform. | 2006 | Columbus, Ohio, United States | USD 1.04 B | – | – | |
IT outsourcing services are delivered across multiple business lines. | 2011 | Bengaluru, Karnataka, India | USD 64.83 M | USD 246.74 M | 5,260 | |
Analytics and digital solutions for healthcare and banking are provided. | 1999 | New York, New York, United States | USD 10 M | USD 2.09 B | 59,500 |
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Frequently Asked Questions about Palnet
Palnet was founded in 2001.
Palnet is headquartered in Helsinki, Finland.
Palnet was established in 2001 and operates from Helsinki, Finland. Services in computer networking are delivered, focusing on infrastructure setup, maintenance, and connectivity solutions within the IT sector. Operations support various enterprises by ensuring stable network performance and data management. The company serves the local Finnish market, addressing needs in telecommunications and digital infrastructure without international expansion noted.
Palnet's top competitors include Frontiir Communications, Airowire Networks and Vedang Cellular Services.
Palnet has 1 investor. Key investors include Atea.
Yes. Palnet was acquired by Atea in February 2010.