ActiveCo Technology Management

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

ActiveCo Technology Management - overview

Established

1999

Location

Port Coquitlam, BC, Canada

Primary Industry

Outsourcing

About

ActiveCo Technology Management offers Managed IT Services that integrate advanced technology solutions, addressing critical areas such as cybersecurity, cloud integration, and IT consulting for businesses across various sectors. Founded in 1999 and headquartered in Port Coquitlam, Canada, ActiveCo Technology Management specializes in IT solutions for North American businesses. The company was acquired by New Charter Technologies in August 2020, reinforcing its strategic market focus. The founder's history and previous ventures are not disclosed.


ActiveCo Technology Management specializes in providing comprehensive Managed IT Services designed to leverage advanced technology, including AI, to optimize business operations. The company’s core offerings encompass a range of IT solutions, including cybersecurity, cloud services, IT consulting, compliance, and disaster recovery. These products aim to address critical business challenges such as data security, system reliability, and regulatory compliance, serving industries including legal services, accounting, manufacturing, and construction. ActiveCo's clientele primarily consists of businesses operating across North America, benefiting from tailored IT strategies that enhance operational efficiency and mitigate risks.


Each service is structured to integrate seamlessly into the client's existing infrastructure, thus ensuring minimal disruption while maximizing productivity. ActiveCo generates revenue through a range of structured service agreements and partnerships with businesses, focusing primarily on a B2B model. The revenue streams are largely derived from subscriptions for ongoing managed IT services, which provide clients with continuous access to IT support, security assessments, and infrastructure management. The firm establishes long-term relationships with its clients by offering customized solutions that align with specific business needs, often resulting in multi-year contracts.


Clients may also engage ActiveCo for one-time projects such as IT consulting and disaster recovery planning. Although specific pricing details for services are not disclosed, the structure is designed to deliver value that reflects the comprehensive nature of the services provided. Looking ahead, ActiveCo Technology Management intends to expand its service offerings, including the launch of new cybersecurity products aimed at enhancing data protection by the end of 2022. Additionally, the company is exploring entry into emerging markets in Europe and Asia, with targeted expansion efforts planned for 2023.


The recent acquisition by New Charter Technologies will facilitate these growth initiatives, enabling ActiveCo to leverage additional resources and infrastructure to support this strategic direction.


Current Investors

New Charter Technologies, Inc.

Primary Industry

Outsourcing

Sub Industries

Consulting Services, Offshore IT Services/IT Outsourcing, IT Security/Cybersecurity

Website

www.activeco.com

Verticals

Cloud Computing

Company Stage

Add-on

Total Amount Raised

Subscriber access only

ActiveCo Technology Management - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedActiveCo Technology Management-

Displaying 1 - 1 of 1

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.