ILinc - LearnLinc - Mentergy The ILinc Story -Chapter 3 of Changing the World Entrepreneurship
ILINC was
founded in 1993 by Jack Wilson and two students, Degerhan Usluel and
Mark Bernstein, at Rensselaer Polytechnic Institute.
The company grew rapidly with the initial funding coming from
bootstrapping and then going through three rounds of venture capital.
Later the name was changed to LearnLinc to match the name of its popular
product and eventually LearnLinc entered a triple merger in early 2000
with Gilat Communications and Allen Communications to form the Mentergy
Corporation (NASDAQ). In March of 2000, the company was valued at over $500 million on the NASDAQ stock market. Wilson, Usluel, and Bernstein left the company soon thereafter and then the dot-com bust threw Mentergy into bankruptcy in 2002. Arizona based EDT bought the ILinc portion of Mentergy and relaunched it under the original name and then named the entire company as ILinc. In 2011 BroadSoft acquired ILinc and then in 2019 CISCO acquired BroadSoft. - |
|
ILinc Case Study | |