Netformx

Company Overview

Snapshot

Founded in January 1994, Netformx operated with 11–50 employees, having raised a total of $27 million across two funding rounds from 10 investors. The company was acquired by Orchestra Group in December 2021.

Business overview

Netformx provides a digital enterprise platform designed to help IT service providers, solution providers, vendors, and distributors enhance revenue and improve the customer buying experience. The company's core technology involves powerful business intelligence, actionable insights, collaboration, and automation to streamline the configuration, design, and sale of complex multi-vendor solutions. Netformx operates within the Business Software sector, specifically focusing on IT, R&D, and Data Solutions, with its CPQ-for-IT application suite serving enterprise and professional services markets.

Strategic signal

In December 2021, Netformx was acquired by Orchestra Group. This acquisition signals a strategic consolidation within the cybersecurity and IT solutions market, indicating Orchestra Group's intent to integrate Netformx's digital enterprise platform to expand its offerings and market reach.

Company Intelligence Q&A

What was the most significant corporate event for Netformx recently?

In December 2021, Netformx was acquired by Orchestra Group, transitioning its status to an acquired entity within the cybersecurity and IT solutions landscape.

What was the total capital raised by Netformx?

Netformx raised a total of $27 million across its funding rounds.

What product recognition did Netformx receive in 2020?

In September 2020, Netformx won the 2020 Communications Solutions Product of the Year Award for its VIP Calculator, recognizing its innovation in analyzing rebates.

How does Logicalis utilize Netformx's tools?

In December 2019, Logicalis used Netformx's Partner Incentive Tool to increase gross margins, demonstrating the practical application and value of Netformx's solutions for IT solution providers.