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How Much Did Information Resource Technology Raise?
Funding & Key Investors

Information Resource Technology (IRT) has successfully secured a major strategic investment, marking a significant milestone in its long-standing operational history. This latest capital injection, totaling $206K, reinforces the company's position as a stable provider of enterprise-grade software and hardware solutions. With a cumulative financial backing of $356K, the firm is well-positioned to leverage its extensive experience in multi-user installations and retail management systems to capture further market share in the competitive IT services landscape.

The infusion of capital arrives at a critical juncture for the organization, which has spent over two decades refining its proprietary Information Partner software. By securing this late-stage financing, IRT demonstrates its continued relevance and capacity for growth within the evolving retail technology sector.

What is Information Resource Technology?

Information Resource Technology
Business ServicesSoftware TestingSoftware

Information Resource Technology operates as an independent computer service provider, specializing in comprehensive software development and hardware maintenance. Since its inception, the company has distinguished itself through a high-touch service model, supporting over 500 multi-user installations and providing regional depot-based hardware support. Its flagship product, Information Partner, serves as a cornerstone for bookstore management, reflecting the company's deep domain expertise in retail automation. By maintaining a lean, technically proficient workforce, IRT offers a unique value proposition that balances the stability of a veteran organization with the agility of a boutique service provider, effectively challenging larger national competitors through superior responsiveness and personalized client engagement.

How much funding has Information Resource Technology raised?

Information Resource Technology has raised a total of $356K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$206K

Debt (2020): $150K with participation from PPP

Debt (2021): $206K led by PPP

Key Investors in Information Resource Technology

PPP

Public-Private Partnership

What's next for Information Resource Technology?

With the recent influx of capital, Information Resource Technology is poised to accelerate its strategic initiatives, focusing on the modernization of its core software offerings and the expansion of its service infrastructure. The company's roadmap likely involves scaling its technical support capabilities to accommodate a broader client base while further enhancing the Information Partner platform to meet the sophisticated demands of modern retailers. By prioritizing R&D and operational efficiency, IRT aims to solidify its reputation as a premier provider of integrated retail management solutions. This late-stage investment provides the necessary runway to transition from a legacy-focused service provider to a high-growth technology partner, ensuring long-term sustainability and competitive differentiation in an increasingly digital retail environment.

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Frequently Asked Questions Regarding Information Resource Technology Financial Insights

What are the most recent funding rounds that Information Resource Technology has completed, and what were the funding rounds?
Information Resource Technology has recently completed 2 funding rounds: Debt on Jan 30, 2021, Debt on Apr 15, 2020. What is the total amount of funding Information Resource Technology has raised to date?
Information Resource Technology has raised a total of $356K in funding to date. How many funding rounds has Information Resource Technology completed?
Information Resource Technology has completed 2 funding rounds. How much funding did Information Resource Technology raise in its most recent funding round?
Information Resource Technology raised $206K in its most recent funding round. Who are the lead investors in Information Resource Technology's latest funding round?
The lead investor in Information Resource Technology's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo. Which was the largest funding round in Information Resource Technology's history?
The largest funding round in Information Resource Technology's history was $206K.
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