Bedrock Data, Inc.

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Bedrock Data, Inc. - overview

Established

2012

Location

Boston, MA, US

Primary Industry

Software

About

Bedrock Data, Inc. specializes in data integration solutions that streamline workflows by connecting various applications for improved data management and operational efficiency. Founded in 2012 and headquartered in Boston, US, Bedrock Data, Inc. offers data integration solutions aimed at enhancing organizational productivity.


The company was acquired in February 2019 by Formstack, LLC, a portfolio company of Providence Equity Partners. The acquisition details did not disclose financial terms. The co-founders, Chris Byers and Tom Flynt, have a history of entrepreneurship in the technology sector, contributing their expertise to drive Bedrock's innovations. Bedrock Data, Inc.


provides a suite of data integration tools designed to help organizations automate data flow between applications without the need for coding. Its offerings include customizable integration solutions tailored for diverse sectors such as education, healthcare, and non-profits. The tools are utilized by clients seeking to enhance operational efficiency and improve data accuracy across platforms, facilitating better decision-making and customer engagement. Bedrock Data, Inc.


generates revenue primarily through a subscription-based model, which allows organizations to access its data integration solutions regularly. The pricing structure accommodates both individual and team licenses, ensuring flexibility based on the specific needs of clients. This approach supports consistent revenue streams while enabling organizations to scale their integration capabilities as they grow. Looking ahead, Bedrock Data, Inc.


plans to expand its product offerings with new data integration capabilities aimed at improving user experience and connectivity with additional applications. The company is targeting expansion into European markets by the end of 2023, leveraging recent funding from the Series A round, which raised USD 3. 11 mn. This funding will support the development of new features and enhancements to the existing product line, as well as marketing efforts to establish a stronger presence in the new regions.


Current Investors

Providence Equity Partners, Formstack, LLC

Primary Industry

Software

Sub Industries

Data Centers, Storage, Content Management Software, Storage Management Software

Website

www.bedrockdata.com

Verticals

Cloud Computing

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Bedrock Data, 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-on, Trade SaleCompletedBedrock Data, Inc.-

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