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Connectbase Strengthens its Role in the Digital Infrastructure Space

Connectbase, known as the Operating System for transacting in the connected world, has recently announced its acquisition of Cloud Age—a prominent telecom invoice automation platform. This strategic move marks a significant milestone in Connectbase's mission to create a unified digital infrastructure that enhances the management of connectivity, managed services, and digital assets at a global scale.

The acquisition comes as part of a larger strategy supported by Equality Asset Management (EAM), a leading growth equity firm that has also invested significantly in Connectbase. EAM's support is aimed at driving innovation and global growth, enabling Connectbase to fully leverage Cloud Age's advanced capabilities in telecom spend management automation.

What Cloud Age Brings to the Table

Cloud Age is a recognized leader in telecom invoice processing and spend management, handling invoices from over 1,700 service providers worldwide across various services, including networking, unified communications as a service (UCaaS), data centers, and more. By managing complex billing data, Cloud Age transforms it into actionable intelligence, empowering enterprises and carriers to manage their expenses effectively while optimizing operations.

The merger between Connectbase's cutting-edge discovery and quoting capabilities and Cloud Age's automation expertise promises to revolutionize how service providers interact with billing data. With this integration, Connectbase will offer an end-to-end workflow that streamlines the processes from identifying opportunities, managing expenditures, to actual settlement. This level of integration is expected to deliver enhanced speed, accuracy, and transparency across the ecosystem.

The Vision for the Future

Ben Edmond, the CEO and Founder of Connectbase, emphasized the company's vision, stating, "We are building a federated fabric of the Connected World, where every partner and transaction is underpinned by trust and intelligent data. Cloud Age's pioneering work in actionable insights demonstrates a crucial ability to turn raw data into useful intelligence that benefits our ecosystem."

Chris Lee, CEO and Founder of Cloud Age, echoed this excitement, stating, "Joining forces with Connectbase means creating a powerful platform that merges the quote-to-cash and procure-to-pay lifecycles. This will enhance revenue generation and control over network expenses, ultimately leading to greater profitability and service efficiency."

The Role of EAM in This Journey

EAM's investment into Connectbase comes at a critical time, as it emphasizes the company's commitment to redefining transactions in the connected environment. Jeff Del Papa, Managing Partner at EAM, noted the strategic importance of this transaction: "By uniting Cloud Age’s strengths with Connectbase’s platform, we bolster efforts that will elevate industry standards for how connectivity commerce operates."

Implications for Industry Stakeholders

The combined capabilities of Connectbase and Cloud Age will set a new benchmark in the telecommunications industry, allowing for improved trust, automation, and visibility among service providers. By standardizing spend data and geographic intelligence within a singular operating system, Connectbase aims to facilitate a seamless connectivity experience for all involved stakeholders—ranging from service providers to ultimate consumers.

Connectbase’s focus on building trust in every transaction positions the company as a leader in an increasingly automated and intelligent ecosystem. With a commitment to empowering entities to collaborate effectively while verifying outcomes, the company is set to spearhead a transformative journey in how digital transactions are conducted globally.

In summary, Connectbase's acquisition of Cloud Age is not merely a business endeavor; it represents a pivotal shift in how digital infrastructure is constructed and utilized, ultimately aiming to deliver an unparalleled user experience built upon integrity, efficiency, and innovative intelligence. For more detailed insights and updates, visit Connectbase.