Connectbase, which offers an industry cloud for connectivity, purchased MasterStream ERP, a telecom-centric configure-price-and-quote platform that currently processes 500,000 quotes per month and focuses on transactions in the channel. This acquisition will grow the Connectbase ecosystem, helping accelerate digital transaction adoption by the channel world and solidifying Connectbase’s ability to provide global quoting and transaction platforms for connectivity.
“We are excited to welcome the MasterStream team and customer base into the Connectbase ecosystem, and further unite the supply and demand of connectivity for suppliers, buyers and the channel partners driving growth in the market,” said Ben Edmond, Founder and CEO of Connectbase. “Combining MasterStream, Connectbase and LastMileXchange, who we acquired earlier this year, we’ve significantly increased the demand power and volume behind our already powerful Marketplace, making Connectbase the single biggest source of digital demand for the connectivity industry.”
Connectbase, known for its strengths in serving connectivity commerce transactions, will expand and accelerate its channel offerings post-acquisition to further empower the ease of connectivity buying and selling for service providers, trusted advisors, and the entire digital infrastructure and services ecosystem.
“This acquisition perfectly aligns with our strategic growth plan; Connectbase is growing supply and demand within our ecosystem, geographic reach, product set and go-to-market channels,” added Edmond. “This acquisition truly enhances our ability to serve our customers and partners better. Every move we make is to increase our value to ecosystem members and the industry.”
The announcement of MasterStream’s acquisition comes on the heels of other major announcements from Connectbase, including the acquisition of London-based LMX (Spring 2023) and the securing of an additional $16 million in line-of-credit funding from Silicon Valley Bank (Summer 2023). The new combined Connectbase boasts the largest global ecosystem of over 300 service provider APIs, securely connecting buyers and sellers across six continents with more than 2.7 billion unique serviceable locations through the proprietary Location Truth service in The Connected World platform, and positioning Connectbase strongly as it moves into 2024.
