Applied Weather Technology, Inc.

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Applied Weather Technology, Inc. - overview

Established

1996

Location

Sunnyvale, CA, US

Primary Industry

Information Services

About

Applied Weather Technology, Inc. provides specialized technology solutions that enhance operational performance in sectors like healthcare, retail, and logistics through advanced data-driven platforms. Founded in 1996 and headquartered in Sunnyvale, US, Applied Weather Technology, Inc. focuses on delivering innovative solutions for operational efficiency.


In January 2014, the company was acquired by StormGeo Group AS, a portfolio company of Reiten & Co Strategic Investments. The current CEO is Richard Brown. The company specializes in offering innovative technology solutions designed to address specific challenges within its target market. Its core product offerings include advanced technology platforms that enhance operational efficiency and improve customer engagement.


These products cater primarily to businesses in sectors such as healthcare, retail, and logistics, providing functionalities that streamline processes and facilitate data-driven decision-making. The company has strategically positioned its offerings in North America and Europe to meet the diverse needs of its clientele, focusing on user experience and integrating end-user feedback to ensure adaptability across various business environments. The company generates revenue through a structured model that emphasizes partnerships and direct transactions with clients. Its business transactions typically involve subscription-based pricing plans for its flagship product, which is tailored for enterprise clients requiring robust support and functionality.


Additionally, the company engages in direct sales to consumers, offering tiered pricing options that reflect the varying needs of different user segments. This dual approach enables the company to maintain a diversified revenue stream while catering to both B2B and direct-to-consumer markets. The consistency in transaction volume and client retention further solidifies the company's financial position within its competitive landscape. Looking to the future, Applied Weather Technology, Inc.


has plans to expand its product offerings and geographic reach. The company is currently designing new technology solutions aimed at enhancing user engagement and operational efficiencies, with expected releases set for late 2024. Additionally, the firm aims to enter emerging markets in Asia and South America by 2025, leveraging recent funding secured through its 2014 acquisition to support these initiatives and enhance its technological capabilities.


Current Investors

StormGeo AS

Primary Industry

Information Services

Sub Industries

Logistics Software, Information Services

Website

www.awtworldwide.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Applied Weather Technology, Inc. - 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-onCompletedApplied Weather Technology, Inc.-

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