Manchester (NH) based CCAPS start-up Minim, which provides applications to optimise and secure home connectivity, is ringing the changes following its merger with Zoom Telephonics, announcing a new president, a new listing on Nasdaq and revenue growth.
Minim provides intelligent networking products for businesses, service providers and users including mesh WiFi, control applications and cybersecurity for the smart home. It merged with Zoom Telephonics, a vendor of cable modems and other access products, in December 2020 in an agreement which valued Minim at $30 million. The merger combined Minim’s B2B sales channels of more than 120 ISPs with Zoom’s retail channels which included Amazon, Best Buy, Target and Walmart. The combined company is also able to leverage Minim’s established relationship with the Microsoft Airband Initiative, Irdeto and Telarus. The company also has a global license to the Motorola brand for home networking and security.
Minim recently announced Nicole Zheng, CMO and co-founder would step up to the role of president. CEO Gray Chynoweth commented that Zheng had been “pivotal” in driving three consecutive quarters of revenue growth. Zheng said she was excited to be leading the next phase of the company’s expansion.
“I feel lucky to work with this team of incredible technology and customer-experience leaders. Together, I’m confident we will execute on our strategies to deliver intelligent and secure WiFi to homes around the world.”
Nicole Zheng, President and CMO, Minim
Minim has also uplisted onto Nasdaq, raising an expected $29 million in the process, with shares expected to begin trading today (7 July 2021). The company booked $51 million in sales for the 12 months ending 31 March 2021, with YoY revenue growth of 30%.