ConnectWise, LLC
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ConnectWise, LLC - overview
Established
1982
Location
Tampa, FL, US
Primary Industry
Software
About
Founded in 1982 by CEO Arnie Bellini, and based in Florida, US, ConnectWise, LLC. is a business management and IT software automation company offering platforms for various services including business automation, billing, procurement and content management for the Managed Service Provider (MSP) and IT services industry. In February 2019, Thoma Bravo agreed to acquire ConnectWise, Inc for USD 1. 5 billion.
The transaction was completed at the end of February 2019. Additionally, in October of the same year, ConnectWise, a portfolio company of Thoma Bravo, acquired ITBoost. ConnectWise's business management platform automates the full lifecycle of technology service delivery, from sales and service to project tracking and back-office functions. The company also offers cloud-based IT solutions for infrastructure and security helping managed service providers (MSPs) outsource their help desk, billing, and other IT services to small and medium-sized businesses.
Thus, ConnectWise's products aid in business management, automatization, remote monitoring and management, remote control and access, quote and proposal automation, cybersecurity risk assessments, and backup & disaster Recovery. The company generates revenue through its platform of software-built for technology solutions providers (TSPs), and software solutions that help MSPs deliver managed IT services to their clients.
Current Investors
345 Partners, Thoma Bravo
Primary Industry
Software
Sub Industries
IT Security/Cybersecurity, Analytics & Performance Software, Customer Relationship Management, Monitoring & Security Software
Website
www.connectwise.com
Verticals
Cloud Computing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
ConnectWise, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | zofiQ Inc. | - | ||||||||
| Add-on, Trade Sale | Completed | Axcient, Inc. | - | ||||||||
| Add-on, Trade Sale | Completed | SkyKick, Inc. | - | ||||||||
| Add-on | Completed | Wise-Sync Australia Pty Ltd | - | ||||||||
| Add-on | Completed | SmileBack, LLC | - |
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