Asignet Technology DNA

Asignet USA Inc. provides innovative solutions for automating IT and Telecom expense management, utilizing patented technology to enhance efficiency and minimize costs for businesses across various sectors. Asignet USA Inc. was founded in 2006 and operates from Parsippany-Troy Hills, US.

The company specializes in automating expense management and has engaged in one significant deal to date. Claudio Silva serves as both the Founder and CEO, leading the company with a depth of experience in the industry. The most recent funding round occurred on February 21, 2020, marking a pivotal moment in their growth trajectory. Asignet specializes in automating IT and Telecom expense management through its patented technology platform, which includes services like Telecom Expense Management, Mobility Managed Services, IT Asset Management, and Cloud Expense Management.

Utilizing Robotic Process Automation (RPA) and low-code tools, Asignet enhances productivity and cost efficiency for its clients, providing real-time tracking of expenditures. The platform is tailored for international operations, capable of parsing invoices in multiple languages across various regions. Asignet's revenue model is primarily subscription-based, allowing clients access to automation tools and services through contractual agreements. Key offerings such as the RPA Engine and the low-code platform Wayfast play a crucial role in the revenue structure.

The company ensures clients experience cost savings through its services, which facilitate efficient expense processing and improve financial oversight. Custom pricing plans are designed to cater to diverse business needs, optimizing return on investment for users. Looking ahead, Asignet is focused on launching new products designed to enhance its service offerings in automation. Plans for expansion include targeting new geographic regions, with efforts aimed at increasing market presence outside of the US.

The recent investment by ABRY Partners in February 2020 will support these initiatives, providing the necessary capital for product development and market exploration.