When was Evolve IP founded?

Evolve IP was founded in 2006 and raised its 1st funding round 2 years after it was founded.

Where is Evolve IP located?

Evolve IP is headquartered in Wayne, United States. It is registered at 502 EMBASSY OAKS STE 103,SAN ANTONIO,TX,78216,15.

Who is the current CEO of Evolve IP?

Thomas J Gravina of Evolve IP. They are also an angel investors in 1 startup.

How many employees does Evolve IP have?

As of Mar 01, 2026, the latest employee count at Evolve IP is 50 - 199.

Is Evolve IP a funded company?

Evolve IP is a funded company, having raised a total of $209M across 7 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jan 15, 2008.

When was the latest funding round of Evolve IP?

Evolve IP's latest funding was a $***** PE round on Jul 2019, with participation from 1 investor. Its primary sector is Virtualization. Globally, the Virtualization sector has seen $34.1M in funding in 2026 to date.

Where does Evolve IP rank among its competitors?

Evolve IP ranks 11th amongst 599 active competitors, of which 49 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Dialpad, which secured $50M in Dec, 2022.

Who are the top competitors of Evolve IP?

Evolve IP's top competitors include RingCentral, Slack and Skype. Among them, Dialpad secured the most recent funding round in December, 2022.

Evolve IP - 2026 Company Profile, Team, Funding & Competitors

Evolve IP is a public company based in Wayne (United States), founded in 2006 by Michael Peterson and Thomas J Gravina. It operates as a Provider of managed IT, cloud, security, network, and communication solutions. Evolve IP has raised $209M in funding from Great Hill Partners. The company has 599 active competitors, including 49 funded and 85 that have exited. Its top competitors include companies like RingCentral, Slack and Skype.

Company Details

Provider of managed IT, cloud, security, network, and communication solutions. The company delivers enterprise help desk, field, and professional services. AI consulting, threat assessment, and managed detection and response are offered. The company provides unified communications, contact center, and managed platform services.

Website: evolveip.net
Social
Registered Address: 502 EMBASSY OAKS STE 103,SAN ANTONIO,TX,78216,15

Key Metrics

Founded Year

2006

Location

Wayne, United States

Stage

Public

Total Funding

$209M in 7 rounds

Latest Funding Round

PE, Jul 2019, $*****

Investors

Great Hill Partners & 2 more

Ranked

11^th among 599 active competitors

Employee Count

50 - 199 as on Mar 01, 2026

Investment & Acquisitions

Jog & 8 more

Similar Companies

RingCentral & 822 more

Exit Details

Public

View Evolve IP's full profile

Evolve IP is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
EVOLVE IP, LLC CIN: 32088334720 , United States, Active	Feb 08, 2023	-	-	-
EVOLVEIP, LLC CIN: - , Belgium, Active		-	-	-

Evolve IP got listed on Apr 06, 2019.

Click here to take a look at Evolve IP's IPO in detail

Evolve IP has raised a total funding of $209M over 7 rounds. Its first funding round was on Jan 15, 2008. Its latest funding round was a PE round on Jul 2019 for $*****. 1 investor participated in its latest round. Evolve IP has 3 institutional investors.

Here is the list of recent funding rounds of Evolve IP:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 2019	1922211	PE	6255402	2256237	9069482	9588113
Aug 18, 2016	9892832	PE	8883474	2229531	5509401	Ardian
Aug 21, 2014	7862968	Conventional Debt	3121005	4638196	5360192	CapitalSource

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View details of Evolve IP's funding rounds and investors

The founders of Evolve IP are Michael Peterson and Thomas J Gravina.

Here are the details of Evolve IP's key team members:

Michael Peterson: Co-Founder of Evolve IP. They serve on the boards of 2 companies.
Contact Info: 1 email address
Thomas J Gravina: Co-Founder & CEO of Evolve IP. They are also an angel investor in 1 startup.

View details of Evolve IP's Founder profiles and Board Members

Evolve IP's employee count trend

Evolve IP has 50 - 199 employees as of Mar 26. Here is Evolve IP's employee count trend over the years:

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Top competitors of Evolve IP include RingCentral, Slack and Skype. Here is the list of Top 10 competitors of Evolve IP, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	RingCentral 1999, Belmont (United States), Acquired	Cloud based platform offering unified communication solutions	$44M	IVP, Altimeter Capital & 59 others	87/100
2nd	Slack 2009, San Francisco (United States), Acquired	Developer of communication software for team collaboration and project management	$1.22B	Dragoneer Investment Group, Spark Capital ... & 70 others	85/100
3rd	Skype 2002, Luxembourg, Acquired	VoIP Software application	$26.8M	Index Ventures, DFJ & 19 others	81/100
4th	Agora 2014, Guangzhou (China), Public	Cloud based customer engagement platform	$55M	Coatue, Morningside & 16 others	79/100
5th	Dialpad 2011, San Ramon (United States), Series F	Provider of AI-powered contact center and unified communications platform solutions	$476M	ICONIQ Growth, Amasia & 45 others	79/100
6th	Vonage 2001, Holmdel (United States), Acquired	Provider of contact center business communication solutions	$645M	New Enterprise Associates, 3i Group & 17 others	76/100
7th	Mitel 1973, Ottawa (Canada), Acquired	Cloud based platform for unified communication management	$1.01M	August Capital, Francisco Partners & 3 others	75/100
8th	LumApps 2012, Tassin la Demi Lune (France), Acquired	Cloud based employee communication platform provider	$102M	Idinvest Partners, Goldman Sachs & 6 others	74/100
9th	Firstup 2008, San Francisco (United States), Series E	Cloud-based communication and employee experience management platform for enterprises	$127M	Venrock, Trinity Ventures & 22 others	71/100
10th	8x8 1987, Campbell (United States), Acquired	Provider of cloud communications solutions	-	Francisco Partners, Herald Investment Management ... & 2 others	71/100
11th	Evolve IP 2006, Wayne (United States), Public	Provider of managed IT, cloud, security, network, and communication solutions	$209M	Great Hill Partners, CapitalSource & 1 others	70/100

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Evolve IP has not made any investments yet. Evolve IP has made 9 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Apr 02, 2019	Acquisition	Jog	2016	Austin (United States)
Jul 20, 2018	Acquisition	AiTech	1993	Edina (United States)
Apr 18, 2018	Acquisition	thevoicefactory	2009	Cardiff (United Kingdom)