We provide a leading, proprietary cloud-based communications and collaboration platform, purpose-built for our extensive and expanding network of more than7,300 channel partners and used by a growing base of over 134,000 business customers as of December 31, 2022. Through our platform, our partners provide their customers our comprehensive portfolio of enterprise-grade, seamlessly integrated Unified Communications-as-a-Service (UCaaS) solutions, including our flagship product Intermedia Unite®, as well as a suite of Business Cloud Applications (BCA) that includes cloud-based email, security and productivityapplications, and our products are supplemented by proprietary and third-party artificial intelligence (AI) technology to support enhanced user efficiency and productivity. Our UCaaS solutions benefit from strong growth, with UCaaS annualized recurring revenue (ARR) growing at 30.6% over the 12-month period ended December 31, 2022, as our partners enable businesses to modernize their legacy communications architectures. Our broad solution portfolio is popular among our partners, with partners selling both UCaaS and BCA solutions (Combo Partners) generating 76% of our Partner UCaaS ARR as of December 31, 2022. Our BCA solutions are synergistic to the growth of our UCaaS solutions, especially in light of our partner-focused go-to-market model, as we continue to migrate our large base of BCA partners to start selling UCaaS solutions and as our partners cross-sell UCaaS solutions to their BCA customers. To incentivize and empower our partners to grow their businesses on our platform, we offer them a highly differentiated Customer Ownership Reseller model, branded CORE™. This model enables them to resell, package and manage our solutions as if they were their own, at highly attractive economic terms while maintaining ownership of their customer relationships. We further differentiate from our competition by providing our partners world-class customer support, certified six times by J.D. Power and with an average mon
Lead Underwriter
N/A
Co-Managers
J.P. Morgan Securities LLC,Morgan Stanley & Co. LLC
