Corporate IT Solutions
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Corporate IT Solutions - overview
Location
Norwood, MA, US
Primary Industry
IT Infrastructure
About
Corporate IT Solutions specializes in providing premium domain names and ancillary branding services to businesses, enhancing their online identity and corporate presence effectively. Corporate IT Solutions, headquartered in Norwood, US, offers premium domain names to improve corporate online identity. The company was founded by Nathan McNair and Somnath Ghosh, with Dan Sigmund serving as CEO. In December 2016, M/C Partners acquired Corporate IT Solutions, although the financial terms of the deal were not disclosed.
The company has successfully completed 2 deals since its inception. The primary offering of Corporate IT Solutions is the premium domain name CorPitSol. com, which helps businesses create a memorable online identity. This service targets startups, small to medium-sized enterprises, and larger corporations across sectors such as technology, consulting, and e-commerce, primarily in North America and Europe.
Additionally, the company provides ancillary services like complimentary logo design upon domain purchase, enhancing their clients' branding efforts. Corporate IT Solutions generates revenue through direct domain sales, with the premium CorPitSol. com domain priced at USD 5,599. Buyers can opt for flexible payment plans that include an initial payment of USD 554.
30 followed by monthly installments over 23 months, which includes a 10% service fee. The company ensures secure transactions via PDTransfer, facilitating both B2B and direct-to-consumer sales channels. Corporate IT Solutions is focusing on expanding its product offerings and entering new markets. Plans include launching additional premium domain names and related branding services by the end of 2023.
The company aims to expand its reach into the Asian market by 2024. The recent acquisition in December 2016 will provide the necessary capital and resources to support these initiatives, enhancing the company’s operational capabilities and market presence.
Current Investors
Thrive Operations, LLC
Primary Industry
IT Infrastructure
Sub Industries
Offshore IT Services/IT Outsourcing, IT Infrastructure, IT Security/Cybersecurity
Website
www.corpitsol.com
Verticals
Cloud Computing
Total Amount Raised
Subscriber access only
Corporate IT Solutions - 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 | DSM Technology Consultants LLC | - | ||||||||
| Buyout | Completed | Corporate IT Solutions | - | ||||||||
| Merger | Completed | Corporate IT Solutions | - |
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