ON24

Last updated
ON24, Inc.
Type Public
NYSE:  ONTF
Industry
Founded1998
Headquarters,
U.S
Area served
Worldwide
Services
Website www.on24.com

ON24, Inc. is a San Francisco-based company that markets products and services based upon webcasting and virtual event and environment technology. [1]

Contents

ON24 is a public company whose primary venture capital investors are Goldman Sachs, Gold Hill Capital, U.S. Venture Partners, Canaan Partners and Rho Ventures. [2] [3] [4]

History

The company was founded in 1998 as a platform for companies to broadcast video press releases. It became a financial news streaming website but suffered financial losses after the early 2000s recession. [5] In August 2002, ON24 closed its news operation but continued provided third-party content. [6] After downsizing the company they reformatted their operations to provide streaming services for other companies. [5]

ON24 operates in the US, the UK, Australia, Singapore and Spain. [7] [8]

Related Research Articles

Business Organization undertaking commercial, industrial, or professional activity

Business is the activity of making one's living or making money by producing or buying and selling products. Simply put, it is "any activity or enterprise entered into for profit."

Private equity (PE) typically refers to investment funds, generally organized as limited partnerships, that buy and restructure companies that are not publicly traded.

Venture capital Form of private-equity financing

Venture capital (VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the firms they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from the high technology industries, such as information technology (IT), clean technology or biotechnology.

Public company Company that offers its securities for sale to the general public

A public company, publicly traded company, publicly held company, publicly listed company, or public limited company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public company can be listed on a stock exchange, which facilitates the trade of shares, or not. In some jurisdictions, public companies over a certain size must be listed on an exchange.

GE Capital is the financial services division of General Electric. Through its two divisions, GE Capital Aviation Services and GE Energy Financial Services, it provides commercial lending and leasing, as well as a range of financial services for commercial aviation, energy, and support for GE's industrial business units.

Bain Capital is an American private investment firm based in Boston, Massachusetts. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, and real estate. Bain Capital invests across a range of industry sectors and geographic regions. As of 2020, the firm managed more than $120 billion of investor capital.

A private-equity fund is a collective investment scheme used for making investments in various equity securities according to one of the investment strategies associated with private equity. Private equity funds are typically limited partnerships with a fixed term of 10 years. At inception, institutional investors make an unfunded commitment to the limited partnership, which is then drawn over the term of the fund. From the investors' point of view, funds can be traditional or asymmetric.

Nine Entertainment Co. Holdings Limited is an Australian publicly-listed media company with holdings in radio and television broadcasting, newspaper publications and digital media. The entity is largely a successor to the former Publishing and Broadcasting Limited (PBL), which was established by the Packer family.

In finance, the private equity secondary market refers to the buying and selling of pre-existing investor commitments to private equity and other alternative investment funds. Given the absence of established trading markets for these interests, the transfer of interests in private equity funds as well as hedge funds can be more complex and labor-intensive.

Baird (investment bank)

Robert W. Baird & Co. is an American multinational independent investment bank and financial services company. It is the principal U.S. operating subsidiary of Baird, an international, employee-owned financial services firm providing investment banking, capital markets, private equity, wealth management, and asset management services to individuals, corporations, institutional investors, and municipalities.

Istithmar World

Istithmar World is an investment firm based in Dubai, United Arab Emirates (UAE). This company is a state-run business owned by Dubai World, a Dubai government-owned company, and was established in 2003. Originally known as "Istithmar," the company was renamed as "Istithmar World" in 2008.

Semyon Dukach Russian angel investor, professional blackjack player, and entrepreneur

Semyon Dukach is the Founding Partner of One Way Ventures, a venture capital fund that backs immigrant entrepreneurs.

Skytap, Inc. is a private company based in Seattle, Washington offering a public service for cloud computing. Skytap Cloud provides self-service access to environments for learning, developing, testing, training, and running enterprise applications. The company was founded as Illumita in 2006 and renamed in 2008.Skytap is also offered by IBM to enable enterprises to migrate and modernize their core business applications.

SBI Group

SBI Holdings, sometimes referred to as Strategic Business Innovator Group, is a financial services company group based in Tokyo, Japan. The group's businesses and companies are held primarily at SBI Holdings. The company provides financial services in a wide range of categories, including securities, asset management, banking and insurance and has formed an Internet-based financial conglomerate. The group also has a Biotechnology-related Business line which develops cosmetics, health foods and drug discovery. Furthermore, the group operates SBI Graduate School, a business school. SBI is listed on the first section of the Tokyo Stock Exchange and Osaka Securities Exchange.

Corporate venture capital (CVC) is the investment of corporate funds directly in external startup companies. CVC is defined by the Business Dictionary as the "practice where a large firm takes an equity stake in a small but innovative or specialist firm, to which it may also provide management and marketing expertise; the objective is to gain a specific competitive advantage." Examples of CVCs include GV and Intel Capital.

NASDAQ Private Market is an American SaaS company that provides transaction software to private companies and investment funds looking to do tender offers or share buybacks. The company also has a trading business arm for buying and selling illiquid assets, including auction‐rate securities, bankruptcy claims, limited partnership interests, private company stock, restricted securities in public companies, structured products, and whole loans. In the early days of the company a major source of business came from its platform for trading shares of Facebook and other in-demand startups.

Booker Software

Booker Software, Inc. is a software company headquartered in New York City. Its products are cloud-based management systems for spas and salons.

Silicon Valley Bank, a subsidiary of SVB Financial Group, is a U.S.-based high-tech commercial bank. The bank has helped fund more than 30,000 start-ups. SVB is on the list of largest banks in the United States.

Scientist.com (company)

Scientist.com is a network of public and private e-commerce marketplaces that connect buyers and sellers of scientific research services. The company was founded in 2007 by Kevin Lustig, Chris Petersen and Andrew Martin and launched its first public research marketplace in September 2008.

Rabb.it Video-streaming website where multiple people can remotely browse and watch the same content in real-time

Rabbit, also known as Rabb.it, was a video streaming website and mobile application. Launched in 2014, and based in California, United States, the service enabled multiple people to remotely browse and watch the same content in real-time.

References

  1. "ON24 opens in Australia" . Retrieved January 17, 2012.
  2. "Cool private companies: 3 business services for doing more with less" . Retrieved December 29, 2011.
  3. "Cool Private Companies: 3 Business Services for Doing More With Less" . Retrieved July 16, 2008.
  4. "ON24 Gets 8 Million for Webcasting and Virtual Trade Shows" . Retrieved July 16, 2008.
  5. 1 2 Roush, Wade (2011-11-03). "Xconomy: Trade Shows Go Virtual at ON24; The Civilized Alternative to Second Life?". Xconomy. Retrieved 2021-01-28.
  6. "ON24 Shutters Financial News Unit" . Retrieved 2018-05-24.
  7. "Dotcom Survivor ON24 Keeps Going, With Acquisition and New Cash" . Retrieved June 6, 2012.
  8. "ON24 opens in Australia" . Retrieved January 17, 2012.