Interwise

Company Overview

Snapshot

Founded in August 1994 by Frank Zvi, Interwise operated with 51–200 employees. The company raised $9 million across one funding round from three investors. In October 2007, Interwise was acquired by AT&T.

Business overview

Interwise developed voice, web, and video conferencing solutions tailored for enterprise use. Its core offering, AT Connect, was an IP software facilitating voice conferences, web meetings, virtual training, web seminars, webcasts, broadcasts, and recordings. The company served diverse industries including technology, manufacturing, pharmaceutical, insurance, automotive, and retail, operating within the Business Software sector.

Strategic signal

In October 2007, AT&T acquired Interwise for $121 million. This acquisition marked AT&T's first in the Israeli market, signaling a strategic move to integrate Interwise's conferencing technology into its global business services and expand its development capabilities in the region.

Company Intelligence Q&A

What was Interwise's primary offering?

Interwise provided voice, web, and video conferencing solutions for enterprises, with its main product being AT Connect, an IP software for various communication and collaboration needs.

When was Interwise acquired and by whom?

Interwise was acquired by AT&T in October 2007.

What was the acquisition amount for Interwise?

AT&T acquired Interwise for $121 million in October 2007, marking AT&T's first acquisition in the Israeli market.

Who founded Interwise?

Interwise was founded by Frank Zvi in August 1994.

What was the total capital raised by Interwise?

Interwise raised a total of $9 million across one funding round.