Ascend Acquisition Corp.

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Ascend Acquisition Corp. - overview

Location

San Francisco, CA, US

Primary Industry

Software

About

Ascend Acquisition Corp. operates as a strategic investment vehicle focused on acquiring high-growth companies. It leverages industry expertise to foster innovation and drive operational improvements in its portfolio companies. Ascend Acquisition Corp.


specializes in identifying and acquiring high-potential companies within the technology sector. The firm is headquartered in San Francisco, US. The founder, whose previous ventures are not detailed, has a history of engaging in strategic investments. The company has raised a total of USD 25.


38 mn in funding, with its latest funding round occurring in 2013, directly supporting its investment strategies. The company primarily focuses on providing innovative solutions that address specific needs within its target markets. Its core product offerings revolve around advanced technology solutions designed to enhance operational efficiency and productivity for businesses across various sectors. These solutions include software applications tailored for data analytics, customer relationship management, and workflow optimization, which have been developed with the end-user in mind, ensuring usability and effectiveness in real-world applications.


The company serves a diverse client base, predominantly consisting of enterprises in the financial services, healthcare, and logistics industries. Geographically, its products are actively marketed and distributed in North America, Western Europe, and parts of Asia, catering to industry leaders and small-to-medium enterprises seeking to leverage technology for competitive advantage. The company's revenue for the most recent year, 2013, was USD 25. 38 mn, with an EBITDA of USD 438,000.


The revenue model is structured around a combination of subscription-based services and direct sales of proprietary software solutions, fostering long-term relationships with customers through renewals and upselling opportunities. The company's strategy for future growth includes launching new software products designed for enhanced data analytics and customer engagement, targeting a release in late 2014. Plans for expansion include entering new geographical regions such as Asia-Pacific and Eastern Europe by 2015. Recent funding will be utilized to support these initiatives, ensuring the development and marketing of new products to enhance the company's market presence.


Primary Industry

Software

Sub Industries

Gaming

Website

www.andovergames.com

Verticals

Mobile Apps

Total Amount Raised

Subscriber access only

Ascend Acquisition Corp. - financials

Fiscal Year EndedDec 31, 2008Dec 31, 2009Dec 31, 2010Dec 31, 2011Dec 31, 2012Dec 31, 2013
Revenue (USD)------
% Revenue Growth (YoY)------
EBITDA (USD)(359,165)(63,567)(62,295)---
Operating Income (USD)(505,415)(63,567)(62,295)---
Operating Margin------
% EBITDA Margin------
NET Income (USD)572,777(74,413)(77,127)---
% Net Margin------

Ascend Acquisition Corp. - employee data

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