Connexas Group Limited
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Connexas Group Limited - overview
Established
1999
Location
Northampton, England, UK
Primary Industry
Software
About
Connexas Group Limited specializes in providing comprehensive digital solutions, focusing on high-performance web hosting and management services tailored to meet diverse client needs across various industries. Connexas Group Limited, founded in 1999 in Northampton, UK, delivers digital solutions such as web hosting services. The firm was acquired by AddSecure AB from Horizon Capital in May 2020. The company has successfully closed three deals with its most recent deal occurring on May 21, 2020.
The company offers a variety of digital solutions centered around web hosting and management services. Its main offering allows businesses to host their websites on a reliable platform, ensuring optimal performance and security. The services cater to a wide range of client requirements, including e-commerce platforms, content management systems, and application hosting, effectively addressing scalability challenges. Connexas serves a diverse clientele, ranging from startups to large corporations across North America, Europe, and Asia, enabling businesses in these regions to enhance their online presence through its technology.
Connexas Group Limited operates on a subscription-based revenue model, with clients paying for access to its hosting and management services. The company's revenue for the most recent year, 2019, was USD 23. 54 mn, with an EBITDA of USD 5. 69 mn.
The tiered pricing structure allows flexibility for various business sizes while ensuring an ongoing revenue stream from service agreements through direct transactions with customers. Looking ahead, Connexas aims to expand its product offerings with the development of new solutions tailored for emerging market demands. The company is also planning to enter additional geographic markets, focusing on strategic expansions in regions such as Asia Pacific and South America by the end of 2022. The acquisition by AddSecure AB will provide resources to support these initiatives, leveraging the synergies and market reach of the parent company.
Current Investors
Castik Capital , AddSecure AB
Primary Industry
Software
Sub Industries
Automobiles, Other Vehicles & Parts, Analytics & Performance Software, Systems Management Software
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Connexas Group Limited - financials
| Fiscal Year Ended | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Sep 30, 2017 | Sep 30, 2018 | Sep 30, 2019 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 10,612,000 | 17,421,000 | 13,672,000 | - | - | - |
| % Revenue Growth (YoY) | - | 64.2% | (21.5%) | - | - | - |
| EBITDA (USD) | (2,318,000) | (4,603,000) | (1,901,000) | - | - | - |
| Operating Income (USD) | (4,117,000) | (7,436,000) | (4,676,000) | - | - | - |
| Operating Margin | (38.8%) | (42.7%) | (34.2%) | - | - | - |
| % EBITDA Margin | (21.8%) | (26.4%) | (13.9%) | - | - | - |
| NET Income (USD) | (6,908,000) | (12,648,000) | (6,245,000) | - | - | - |
| % Net Margin | (65.1%) | (72.6%) | (45.7%) | - | - | - |
Connexas Group Limited - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | VeriLocation Ltd | - | ||||||||
| Add-on, Trade Sale | Completed | Connexas Group Limited | - | ||||||||
| Add-on | Completed | Seven Telematics Ltd. | - | ||||||||
| Add-on | Completed | VeriLocation Ltd | - | ||||||||
| Secondary Buyout | Completed | Connexas Group Limited | - |
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Connexas Group Limited - employee data
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