Confianza
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Confianza - overview
Established
2011
Location
-, -, Sri Lanka
Primary Industry
Software
About
Confianza offers specialized technology solutions aimed at enhancing business efficiency and digital visibility, focusing on customized applications and services tailored to the diverse needs of their clients. Established in 2011 in Sri Lanka, Confianza focuses on providing tailored technology solutions. The company was acquired by Norfund in a Buyout round in 2014 for NOK 8. 9 million.
The CEO is Vimal Kumar, and the company was founded by Harish Bansal, who has a history of entrepreneurial ventures. Confianza has conducted one significant deal to date. Confianza specializes in delivering a comprehensive suite of technology solutions tailored to enhance business efficiency and visibility. The company's core offerings include customized cloud and desktop applications, responsive website design, and digital marketing services.
Their cloud-based solutions, such as the Wazifu. com job and employee matching service, are operational in Middle East Asia, with plans for global expansion. Their clientele includes small businesses and larger organizations across various sectors, particularly in technology, retail, and distribution, focusing on effective inventory management and e-commerce capabilities. Confianza generates revenue through a mix of subscription models and service fees for its technology solutions.
Clients engage in tailored software projects through contractual agreements that may involve upfront payments or milestone payments. Additionally, digital marketing campaigns are offered on a retainer basis, varying in complexity and client requirements. This revenue model supports both B2B partnerships and direct-to-consumer transactions, catering to a diverse range of clients seeking innovative technology solutions. The recent acquisition by Norfund will help Confianza to focus on product development, with new cloud-based applications expected to launch in 2023.
The company aims to expand into Southeast Asian markets by 2025, leveraging the recent NOK 8. 9 million investment to support these initiatives and enhance their service offerings.
Current Investors
Norfund
Primary Industry
Software
Sub Industries
Web Applications, Web Development, Content Management Software
Website
www.confianzait.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Confianza - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Confianza | - |
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Confianza - employee data
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