Pax8

Pax8

Cloud marketplace for IT service providers

About Pax8

Simplify's Rating
Why Pax8 is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Rating Differentiation

Industries

Enterprise Software

Education

Company Size

1,001-5,000

Company Stage

Debt Financing

Total Funding

$326.8M

Headquarters

Greenwood Village, Colorado

Founded

2011

Overview

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. The marketplace not only offers cloud products but also provides educational resources and coaching through the Pax8 Academy, helping clients understand and utilize cloud technology effectively. Unlike many competitors, Pax8 emphasizes building a collaborative ecosystem where partners and vendors can work together, enhancing service offerings for clients. The company's goal is to empower businesses to grow by providing them with the tools, insights, and support needed to succeed in the cloud computing landscape.

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Simplify's Take

What believers are saying

  • 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.

What critics are saying

  • 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.

What makes Pax8 unique

  • 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.

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Funding

Total Funding

$326.8M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:
Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

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

Growth & Insights and Company News

Headcount

6 month growth

↑ 1%

1 year growth

↑ 2%

2 year growth

↑ 2%
CRN
Jan 13th, 2025
Pax8 appoints new vice president of sales for ANZ

Cloud marketplace Pax8 has named Danni Munro as its new vice president of sales for Australia and New Zealand.

ChannelE2E
Jan 9th, 2025
Channel Brief: Pax8 Marketplace Now Offers Zero Networks

ASCII Group announces event details: The ASCII Group, a North American community of independent MSPs, today announced more details of its ASCII Edge 2025 conference series, including keynote speakers, locations and MSP sessions.

IT Brief
Nov 15th, 2024
Pax8 unveils global partner programme for MSP growth

Pax8 has introduced the Pax8 Voyager Alliance, a partner programme intended to assist managed service providers (MSPs) worldwide.

PR Newswire
Nov 13th, 2024
Sourcepass Named Inaugural Member Of Highest Tier Of Pax8 Voyager Alliance Program

NEW YORK, Nov. 13, 2024 /PRNewswire/ -- Sourcepass, an innovative IT Services and Cybersecurity provider, is proud to announce that they have been named an inaugural member of the Galactic level of the Pax8 Voyager Alliance Program. The Pax8 Voyager Alliance partner program provides global partners with a modern approach to achieving success. Fueled by innovation and investment, the program is tailored to meet Pax8's partners' specific needs and provides a scalable, strategic growth path. Through elevated enablement, education, and support, Pax8 Voyager Alliance empowers partners to thrive at every stage of their journey. This new program is built entirely around Pax8's partner Marketplace experience and introduces partners to a tiered model

GlobeNewswire
Oct 30th, 2024
Pax8 Tops the Denver Business Journal Fast 50 List in 2024

DENVER, Oct. 30, 2024 (GLOBE NEWSWIRE) - Pax8, the leading cloud commerce marketplace, today announced it has been named the second fastest-growing company in the Extra Large category on the Denver Business Journal's (DBJ) 2024 Fast 50 List.

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