Cavern Technologies, Inc.

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Cavern Technologies, Inc. - overview

Established

2007

Location

Lenexa, KS, US

Primary Industry

IT Infrastructure

About

Cavern Technologies, Inc. , based in the US, specializes in optimizing data management and storage solutions for businesses, offering cloud services and data security to enhance operational efficiency. Founded in 2007 and headquartered in Lenexa, Kansas, Cavern Technologies, Inc. focuses on providing data management solutions.


The company was acquired by LightEdge Solutions, Inc. on September 22, 2021, which aims to expand its offerings in Kansas City and the broader US market. The CEO, Peter Clune, has experience leading technology firms, which supports the company's strategic direction. Cavern Technologies provides innovative data management and storage solutions, including cloud storage and data security services tailored for businesses.


Their offerings target small to medium-sized enterprises (SMEs) and large corporations, enabling efficient data management while ensuring robust security. The company's services cater to various industries, including finance, healthcare, and technology, focusing on flexible, scalable IT infrastructures. Cavern Technologies operates on a subscription-based revenue model for its cloud storage and data security services, typically involving annual or multi-year contracts. This structure ensures predictable revenue streams as clients pay recurring fees based on data volume and selected security services.


The company’s offerings may include advanced data encryption and tiered cloud storage plans, designed to meet diverse client needs. Following its acquisition on September 22, 2021, Cavern Technologies will leverage its partnership with LightEdge Solutions, Inc. to enhance its operational footprint in Kansas City and throughout the US. The collaboration aims to support the introduction of new products and services tailored to market demands, with specific details on upcoming launches yet to be announced.


Current Investors

LightEdge Solutions, Inc.

Primary Industry

IT Infrastructure

Sub Industries

Data Centers, IT Infrastructure

Website

www.caverntechnologies.com

Verticals

Big Data

Company Stage

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Total Amount Raised

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Cavern Technologies, 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)
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