Softwatch Technologies

Software Usage and Cloud Analytics

Business Software
Non Active, Apr 2022 ceased to operate

Company Overview

Snapshot

Founded in March 2009, Softwatch Technologies operates with 1–10 employees. The company has raised $20.1 million across one funding round from 3 investors. In September 2017, SoftWatch announced a patent protecting its method of analyzing application usage and segmenting end-users based on usage patterns.

Business overview

Softwatch Technologies provides SaaS-based solutions for software license optimization, usage metering, and analysis. The company's patented tools assist enterprises in assessing, monitoring, and managing their transition to cloud services, helping them optimize software portfolios, drive cloud adoption, and reduce costs. Softwatch operates within the Business Software sector, focusing on IT, R&D, and Data Solutions, particularly in Data Analysis & Decision Support, serving both enterprises and SMBs.

Strategic signal

In April 2019, Softwatch announced OptimizeIT for GCP at GoogleNext 2019, signaling its strategic alignment with Google's cloud ecosystem. This move indicates the company's focus on expanding its cloud analytics and optimization capabilities for Google Cloud Platform users, reinforcing its position in the enterprise cloud adoption market.

Company Intelligence Q&A

What is Softwatch Technologies' primary offering?
Softwatch Technologies offers SaaS-based software license optimization and usage metering and analysis tools to help enterprises manage their cloud service adoption and software portfolios.
When was Softwatch Technologies founded?
Softwatch Technologies was founded in March 2009.
What significant intellectual property does Softwatch Technologies hold?
In September 2017, SoftWatch announced a patent protecting its unique method of analyzing application usage and segmenting end-users based on application usage patterns.
How much capital has Softwatch Technologies raised?
Softwatch Technologies has raised $20.1 million across one funding round.
What was a key partnership announced by Softwatch Technologies in 2019?
In April 2019, Neverware and Softwatch announced a collaboration to benefit Chrome Enterprise Customers, enhancing offerings for cloud-centric environments.

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