Overview
Bluewave Technology Group is a premier advisory and sourcing partner headquartered in San Clemente, California, specializing in the optimization of technology solutions for businesses. Established in 2016 by Seth Penland, the firm is committed to revolutionizing IT and telecommunications infrastructure through strategic advisory and lifecycle management services. Bluewave aims to streamline technology acquisition and management, ensuring businesses improve efficiency and reduce costs.
Key Services
Bluewave offers a comprehensive suite of services designed to address diverse technological needs:
- Rapid Assessment: Swift evaluations to identify and address technology needs.
- Telecom Assessment: Expertise in optimizing telecom expenditures, yielding an average savings of 23% for clients.
- CX Assessment: Enhancements in customer experience driven by strategic advisement.
- Cloud and Security Assessment: Comprehensive evaluations to fortify security and optimize cloud resource usage.
- Strategic Sourcing: Empowering clients to make informed technology decisions with confidence.
Financial Insights
To support its growth trajectory, Bluewave Technology Group has amassed $75 million in capital from Columbia Capital. This investment underpins its objective of building a leading technology advisory and lifecycle management firm.
Corporate Expansion and Performance
Bluewave's client-centric approach has garnered the trust of over 9,000 clients seeking technology transformation solutions. The company enhances contract processing efficiency by 75% and reduces mobility spending by 20-30%, delivering a 40% time saving for clients through optimized strategies.
Leadership Team
Bluewave is steered by a proficient executive team:
- Seth Penland: Founder & Chief Executive Officer - Pioneering Bluewave’s strategic vision to simplify technology procurement.
- Wayne Dietrich: Chief Operations Officer - Experienced in operational optimization with a history at Element Critical.
- Kevin Burke: Chief Financial Officer - Brings financial acumen from his experience in Salt Lake City.
- Lisa Guillaume: Chief Marketing Officer - B2B marketing expert shaping the company's market presence.
- Mark Peterson: Chief Legal Officer - Specializes in corporate finance and legal strategies.
- Val Milshtein: Chief Information Officer - Focuses on technology-driven growth.
- Steven Meeker: Senior Vice President, Corporate Development - Leads mergers and acquisitions within the IT advisory domain.
Online Presence and Engagement
Bluewave actively engages through:
- LinkedIn: Showcasing executive insights and company updates.
- Glassdoor: Received mixed employee reviews with 42% recommending the workplace, highlighting an area for potential improvement in employee satisfaction.
Competitor Profile
Core Competencies
- Industry Focus: Telecom
- Revenue: Estimated at $18.6 million annually
- Employee Count: Approximately 155 employees with an annual growth rate of 8%.
Key Competitors
Bluewave operates in a competitive landscape with several notable competitors:
1. Ventraq
- Revenue: $5.7 million
- Employees: 25
- Specialization: Data integration and business analytics.
2. Wireless Telecom Group
- Revenue: $39 million
- Employees: 105
- Products: RF and microwave components.
3. LYCAMOBILE USA
- Revenue: $4.6 million
- Employees: 20
- Focus: Prepaid SIM plans and 4G data bundles.
4. Enablx
- Revenue: $24.7 million
- Employees: 76
- Specialization: Outsourced call center and customer service solutions.
5. LightWave Telecommunications, Inc.
- Focus: Engineering, furnishing, and installation services for telecom entities like Comcast and Verizon.
Leadership at Competitors
Bluewave’s key leadership roles include:
- Ron Piemonte: Managing Partner and VP Strategic Sales.
- Sean McEwan: VP Finance.
- Kellie Stein: Director of People Operations.
- Steven Blumberg: Director of Revenue Operations.
Strategic Initiatives
Bluewave has embarked on strategic initiatives to harness growth potential, exemplified by acquiring advisory expertise through Curt Allen. The substantial $75 million investment from Columbia Capital enhances its appeal as an alternative investment vehicle.
Industry Engagement
Positioned against a backdrop of specialized niches including RF components and telecom data solutions, Bluewave leverages its strategic IT sourcing model to streamline operations and maintain a competitive edge in the telecom sector.
