What is Netformx?
Netformx provides a sophisticated application suite designed to streamline network assessments and maintenance for IT solution providers. By focusing on the Cisco ecosystem, the company empowers its clients to capture complex rebates and incentives while simultaneously improving customer experience through proactive asset management. The platform serves as a vital bridge between technical network analysis and financial performance, enabling partners to simplify intricate processes and drive measurable business growth in a competitive market.
How much funding has Netformx raised?
Netformx has raised a total of $27M across 2 funding rounds:
Series B
$15M
Unspecified
$12M
Series B (2000): $15M with participation from Sadot Research and Development, TOYO Corporation, Ampal-American Israel, Concord Ventures, and Poalim Electronic Communication
Unspecified (2009): $12M led by Valley Venture Capital and Susquehanna Growth Equity
Key Investors in Netformx
Valley Venture Capital
Valley Venture Capital specializes in turnaround investments in mature Israel-related companies in the IT and Communications space.
Susquehanna Growth Equity
Founded in 2006, Susquehanna Growth Equity is a growth equity fund focused on software, SaaS, data, internet, healthcare technology, and financial technology.
Concord Ventures
Concord Ventures has served a diverse range of businesses during its 14-year history, focusing on integrity and respect for tradition in complex business transitions.
What's next for Netformx?
With a robust foundation established by its recent strategic investment, Netformx is well-positioned to further penetrate the global IT services market. The company's forward-looking strategy likely involves deepening its integration with emerging network technologies and expanding its predictive analytics capabilities to address the evolving needs of Managed Service Providers. By leveraging its established reputation for simplifying complex network operations, the firm is poised to maintain its trajectory of sustainable growth and continued value creation for its partner network.
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