Evolve IP provides unified cloud services through its Evolve IP OneCloud™ platform, offering virtual data centers/servers, virtual desktops, unified communications, disaster recovery, contact centers, and related services. The company says more than 50,000 users in the US and globally depend daily on its platform. Evolve IP markets its combination of security, stability, scalability, and lower total cost of ownership as superior to legacy systems and other cloud offerings. Management is described as a team of experienced technology executives who have worked together for over 20 years. The company is positioned for future growth and aims to fund acquisitions and general corporate purposes. Evolve IP is headquartered in Wayne, Pa. Evolve IP provides a suite of managed services including Managed Telephony, Hosted Applications, Managed Networks, and Security & Compliance. The company’s platform is designed to help businesses unify and simplify the technologies employees use to communicate, enabling customers to replace multiple vendors with a single provider. Evolve IP positions its services to reduce the operational and energy costs associated with on-premise solutions. The company says it will use new capital to further scale operations in response to strong customer and market demand. Its customer base spans businesses in 27 states and six countries across industries such as Legal, Banking, Travel, Commercial Real Estate, Healthcare, Retail, Government and Professional Services. Evolve IP offers an integrated, single-vendor suite of business communications including hosted applications and telephony, positioning itself as an alternative to a patchwork of vendors. The company was formed and burst onto the scene in 2007, when it raised $15.4 million in financing from private entities. Evolve employs over 50 people and serves roughly 200 businesses comprising more than 9,000 users. It operates two active/active data centers—one at 401 North Broad Street and another at its Wayne headquarters—with 24/7 support and automatic failover between sites. The company reports steady growth within a roughly 60-mile radius of Wayne and plans to open sales offices up and down the East Coast. Leadership says it will expand regionally without outsourcing core services to preserve its integrated model.

Total raised

$36M

Funding rounds

3

Latest round

Debt Financing

Latest activity

May 2014