Pax8

Pax8

Cloud marketplace for IT service providers

About

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 like 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 landscape, generating revenue through subscription fees and sales of cloud services.

Company Stage

N/A

Employees

1,001-5,000

Industries

Enterprise Software, Education

Total Funding

$326.8M

Headquarters

N/A

Founded

2011


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Simplify's Take

What believers are saying

  • Winning the 2024 Microsoft Americas Partner of the Year Award highlights Pax8's strong industry reputation and potential for continued growth.
  • The appointment of a Chief AI Officer and the launch of an AI-enabled marketplace demonstrate Pax8's commitment to innovation and staying ahead of technological trends.
  • Partnerships with companies like Exium and FlexPoint provide MSPs with advanced tools for cybersecurity and financial management, enhancing operational efficiency and client satisfaction.

What critics are saying

  • The rapidly evolving cloud services market requires constant innovation, and Pax8 must continuously update its offerings to stay competitive.
  • Dependence on partnerships for advanced features could pose risks if these partnerships dissolve or fail to deliver expected benefits.

What makes Pax8 unique

  • Pax8's marketplace uniquely combines cloud solutions with educational resources and support, setting it apart from competitors who primarily focus on product offerings.
  • The Pax8 Academy provides specialized cloud-based education, ensuring clients are well-equipped to navigate cloud technology, a feature not commonly found in other cloud marketplaces.
  • Strategic partnerships with companies like Exium and FlexPoint enhance Pax8's platform by integrating advanced cybersecurity and automated billing solutions, offering a more comprehensive service to MSPs.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

5%

2 year growth

32%

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

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