What is Preferred Data?
Headquartered in High Point, North Carolina, Preferred Data Corporation has functioned as a cornerstone of the regional IT infrastructure since 1987. The company specializes in delivering high-impact technology services tailored specifically to the unique demands of the manufacturing sector. Their core offerings include the proprietary PDC Software Suite, which integrates seamlessly with client operations to drive digital transformation and process optimization.
Beyond software development, the firm provides comprehensive managed IT services and advanced cybersecurity protocols, addressing the critical need for data integrity in industrial environments. With over 37 years of operational experience, Preferred Data has cultivated a reputation as a trusted partner, focusing on long-term client relationships and measurable business outcomes. Their deep domain expertise in the furniture and textile industries allows them to provide bespoke solutions that mitigate risk while enhancing productivity.
How much funding has Preferred Data raised?
Preferred Data has raised a total of $1.2M across 2 funding rounds:
Debt
$150K
Debt
$1M
Debt (2025): $150K with participation from WSFS Bank
Debt (2025): $1M led by Live Oak Bank
Key Investors in Preferred Data
WSFS Bank
A prominent financial institution providing commercial banking and capital solutions to support the growth of established enterprises.
Live Oak Bank
A specialized banking partner known for its focus on small business lending and providing strategic debt financing to technology-driven companies.
What's next for Preferred Data?
The infusion of capital from this major strategic investment will likely be directed toward scaling the company's AI-driven service offerings and expanding its cybersecurity infrastructure. As industrial manufacturers increasingly face complex digital threats, Preferred Data is poised to capture additional market share by providing resilient, scalable technology frameworks. The company's roadmap suggests a continued focus on deepening its penetration within the North Carolina industrial corridor while potentially exploring broader regional expansion. By prioritizing innovation in its software suite and maintaining its commitment to high-touch managed services, Preferred Data is strategically aligned to navigate the evolving demands of the modern industrial landscape, ensuring sustained growth and operational excellence for its diverse client base.
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