E-Sync Networks
E-Sync Networks Inc (OTCBB: ESNI), a global provider of managed e-business-to-business applications and services
About E-Sync Networks
In the bustling tech environment of the early 2000s, E-Sync Networks, Inc. operated as a publicly traded company providing enterprise messaging and network solutions. Headquartered in Trumbull, Connecticut, the company, led by President and COO Michael A. Clark, was navigating the competitive landscape of IT infrastructure and network design. The company provided services that included secure hosting, system management, and application development. The defining moment for E-Sync Networks came in August 2001. The company announced it was entering into a significant joint venture with Charles River Consultants, a New York-based firm. This strategic move was designed to combine the strengths of both companies, expanding the services available to their respective customers. The new entity, named E-Sync Networks, LLC, was structured with E-Sync Networks, Inc. holding a 51% majority stake. The goal was to create a more robust offering in the enterprise solutions market. The joint venture was expected to launch with approximately $16 million in annualized revenues, combining the assets and business operations of both parent companies to create a stronger, more capable player in the IT services industry.
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES C✓Equity / VC | Nov 1999 | $10M | $40M | Viventures · Commercial Electronics | — |
Growth signals
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Investments and acquisitions
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later2 investors entered at this stage
- VIViventures
Commercial Electronics
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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