IDT Leads $7M Series B Funding Round for MarketSpark

MSP TODAY NEWS

IDT Leads $7M Series B Funding Round for MarketSpark

By Maurice Nagle

We live in an era of transformation. From the data center, to the c-suite, change is all around us. As innovation continues to shape the future of business, it is MSPs distributing the fruits of labor, replacing legacy with next generation technologies around the globe and supporting the demands of the modern workforce.

MarketSpark announced the completion of a successful Series B round of financing, bringing in $7 million to scale sales, marketing and platform development efforts to drive growth for the provider of managed wireless services.

POTS served industry well, but with the MarketSpark managed service solution, it is replaced with CPaaS, fail safe redundancy, Hardware-as-a-Service, remote resolution and diagnostics, 4G optimized and 5G ready equipment, proactive alerts and notifications as well as UL and FCC approved hardware.

"MarketSpark's managed services platform is a unique and powerful solution to the POTS replacement problem and they are perfectly positioned to deliver for thousands of companies managing millions of 4G and 5G-enabled LTE lines," said Shmuel Jonas, CEO of IDT Corporation. "We couldn't be more excited to make this investment and help accelerate MarketSpark's growth."

The funding news comes with the addition of Shmuel Jonas, CEO of IDT Corporation and Daniel Klein, CEO of Klein Enterprises to the MarketSpark Board of Directors.

The role of managed service providers is central to widespread digital transformation, assisting firms of all shapes and sizes with tools to better compete in the modern era.




Edited by Maurice Nagle
SHARE THIS ARTICLE
Related Articles

Managed Services Provider Frontline Management Services Acquires LOGICFORCE

By: Tracey E. Schelmetic    9/17/2021

Legal IT consulting firm LOGICFORCE has been acquired by Frontline Management Services, a provider of managed services for the legal profession. With …

Read More

Wipro Secures $44.5m Managed Services Deal with National Grid

By: Luke Bellos    9/14/2021

Wipro has been selected by National Grid to provide managed services and install new cloud-based infrastructure to support green initiatives.

Read More

OfficeSuite UC Earns SOC 2 and HIPAA Compliance

By: Maurice Nagle    9/14/2021

Windstream Enterprise announced OfficeSuite UC earned SOC 2 and HIPAA compliance for the third consecutive year.

Read More

Peraton Awarded $60 Million to Support CDC with Cloud/Data Services

By: Luke Bellos    9/13/2021

Longtime CDC partner Peraton has been awarded $60 to support the organizations cloud services and digital transformation efforts.

Read More

Servion Maintains Cisco Gold Provider Worldwide Status

By: Stefania Viscusi    9/10/2021

Contact center and customer experience solutions provider Servion has announced the company successfully renewed its Cisco Gold Provider Worldwide Cer…

Read More