SnappCloud

About SnappCloud

SnappCloud operates as a cloud services broker, focusing on the consumer and small business markets within the United States. Founded in 2006 and headquartered in Washington, D.C., the company established a platform to connect cloud application providers with distributors.

The core of SnappCloud's business is its application store platform, which it designs, builds, and operates for original equipment manufacturers (OEMs), internet service providers (ISPs), and other distributors. This enables these distributors to efficiently market and sell a curated selection of cloud-based applications directly to their existing customer bases, which include both enterprises and small businesses. The business model functions as a marketplace, streamlining the distribution and sales process for software providers looking to reach a broader audience through established hardware and service channels. Revenue is generated on a transactional basis through this platform.

The company's Chief Executive Officer was David J. Steinberg. Throughout its operational history, SnappCloud secured significant investment to fuel its growth. It raised a total of $5 million from institutional investors, including Venturehouse Group, New Markets Venture Partners, and Grotech Ventures. Another source indicates a total of $15.6 million raised, with a Series C round in December 2007. Ultimately, SnappCloud was acquired by Synacor in a deal facilitated by RevPath Partners, marking its exit.