Pax8

Cloud marketplace for IT service providers

Greenwood Village, Colorado, United States

About Pax8

Pax8 operates a cloud marketplace that connects businesses with a variety of cloud-based solutions, including software and infrastructure services from major vendors like Amazon Web Services and Microsoft. Clients such as IT service providers, managed service providers (MSPs), and value-added resellers (VARs) use Pax8's platform to access these solutions and enhance their service offerings. The marketplace not only provides cloud solutions but also includes educational resources through the Pax8 Academy, which helps clients understand and utilize cloud technology effectively. Unlike many competitors, Pax8 emphasizes building a collaborative ecosystem where partners and vendors can work together, offering insights and coaching to help businesses grow. The company's goal is to empower its clients by providing the tools and knowledge they need to succeed in the cloud computing market, generating revenue through a subscription model and sales of cloud services.

Greenwood Village, ColoradoHeadquarters
2011Year Founded
$326.8MTotal Funding
DEBTCompany Stage
Enterprise Software, EducationIndustries
1,001-5,000Employees

Benefits

Medical, dental, and vision (most plans covered at 100%)
Employee Assistance Program
Paid holidays and Extended Holiday Program
Flexible vacation and paid sick time
Military, parental, and family care leave
401(k) with company match
Bonus program
Employer-paid life insurance, short-term, and long-term disability
Home-office allowance
Transportation benefits
Pet adoption reimbursement

Risks

Emerging cloud marketplaces could erode Pax8's market share.
Rapid technological advancements may outpace Pax8's integration capabilities.
Economic downturns could reduce IT spending, impacting Pax8's revenue growth.

Differentiation

Pax8 offers a unified platform for quoting, ordering, provisioning, support, and billing.
The Pax8 Academy provides cloud-based education to maximize client potential.
Pax8's marketplace connects partners and vendors, enhancing service offerings and operations.

Upsides

Pax8's Voyager Alliance program boosts MSP growth and partner engagement.
Recognition as a fast-growing company attracts more partners and clients.
Partnerships with Commvault and ConnectWise enhance cybersecurity offerings.

Funding

Total raised$326.84 M
Latest valuation$1.70 B
StageDEBT