ANXeBusiness
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ANXeBusiness - overview
Established
1999
Location
Southfield, MI, US
Primary Industry
Software
About
ANXeBusiness is a provider of digital connectivity and security solutions, specializing in network infrastructure services that enable secure data exchange and protect sensitive information for businesses across various industries. Founded in 1999 and headquartered in Southfield, US, ANXeBusiness specializes in enhancing digital connectivity through innovative solutions. In January 2007, it merged with the Management Information Systems Group Inc. , its former subsidiary.
On April 27, 2016, OpenText Corp. acquired ANXeBusiness for USD 100 mn, completing the transaction in Q4 fiscal 2016. ANX offers innovative solutions focused on digital connectivity and security. Their product lineup includes network infrastructure services designed to enhance data transmission and cybersecurity.
ANX serves a diverse clientele, including SMEs and large enterprises in finance, healthcare, and e-commerce, and has a significant presence across North America, Europe, and Asia. ANX generates revenue through long-term partnerships and subscription-based services, engaging clients through multi-year contracts that provide steady revenue streams. Their offerings include proprietary security solutions and network optimization tools tailored to various customer segments, ensuring accessibility for both small businesses and large enterprises. ANXeBusiness plans to expand its product line with upcoming security solutions designed to enhance data protection in 2023.
The company aims to penetrate new markets in Asia and Europe by the end of 2024, leveraging recent funding from the acquisition by OpenText Corp. to support these initiatives.
Primary Industry
Software
Sub Industries
Consulting Services, Connectivity Software, Monitoring & Security Software
Website
www.anx.com
Verticals
Cloud Computing
Company Stage
Acquired
Total Amount Raised
Subscriber access only
ANXeBusiness - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | ANXeBusiness | - | ||||||||
| Add-on | Completed | TruArx | - | ||||||||
| Add-on | Completed | ETSec, Inc | - | ||||||||
| Add-on | Completed | S2S Communications | - | ||||||||
| Add-on | Completed | Virtual Private Network (VPN) division of Positive Networks, Inc | - |
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