Evenex
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Evenex - overview
Established
1987
Location
-, -, Denmark
Primary Industry
Software
About
Evenex is a Denmark-based company specializing in supply chain integration solutions, focusing on Electronic Data Interchange (EDI), eCommerce platforms, and tax-compliant e-invoicing for enhanced operational efficiency. Founded in 1987, Evenex provides supply chain integration solutions including EDI and e-invoicing. The company was acquired by HighJump Software, a subsidiary of Battery Ventures, in July 2013. Evenex operates from Denmark, with a focus on delivering managed services to optimize supply chain processes.
Evenex offers comprehensive supply chain integration solutions that enable businesses to automate exchanges of documents such as purchase orders and invoices. Their services include managed EDI and eCommerce platform integrations, enhancing operational efficiency and compliance with international regulations, catering to various industries including consumer goods and retail. In 2023, Evenex reported a revenue of USD 18. 41 mn and an EBITDA of USD 5.
93 mn, primarily generated through managed EDI services and subscription-based software solutions. Evenex aims to expand its product offerings and enhance its cloud-based platform in the coming years. The company is targeting growth into new markets, particularly in Europe, where it plans to launch additional compliance features by 2025. Recent funding from the acquisition by HighJump Software in July 2013 will support these initiatives.
Current Investors
HighJump Software Inc.
Primary Industry
Software
Sub Industries
Systems Management Software
Website
www.evenex.com
Verticals
Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Evenex - timeline of key events
Evenex - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 137,321,000 | 128,517,000 | 122,515,320 | 112,263,780 | 107,730,389 | 101,711,278 | 93,415,179 | 95,365,107 | 98,915,680 | 104,848,789 | - | - | - | - |
| % Revenue Growth (YoY) | - | (6.4%) | (4.7%) | (8.4%) | (4.0%) | (5.6%) | (8.2%) | 2.1% | 3.7% | 6.0% | - | - | - | - |
| EBITDA (USD) | (16,416,000) | (34,804,000) | 696,204 | 7,347,330 | 1,762,136 | 20,669,755 | 25,149,196 | 22,303,340 | 25,164,054 | 29,926,047 | (964,258) | - | - | - |
| Operating Income (USD) | (79,170,000) | (41,175,000) | (5,680,157) | 4,431,668 | (1,163,468) | 17,942,567 | 22,700,026 | 19,864,388 | 22,741,379 | 27,606,989 | (2,352,840) | - | - | - |
| Operating Margin | (57.7%) | (32.0%) | (4.6%) | 3.9% | (1.1%) | 17.6% | 24.3% | 20.8% | 23.0% | 26.3% | - | - | - | - |
| % EBITDA Margin | (12.0%) | (27.1%) | 0.6% | 6.5% | 1.6% | 20.3% | 26.9% | 23.4% | 25.4% | 28.5% | - | - | - | - |
| NET Income (USD) | (67,811,000) | (43,974,000) | 6,843,158 | 4,267,108 | (1,926,590) | 18,414,283 | 21,498,967 | 17,532,025 | 20,278,682 | 38,194,650 | (2,873,110) | - | - | - |
| % Net Margin | (49.4%) | (34.2%) | 5.6% | 3.8% | (1.8%) | 18.1% | 23.0% | 18.4% | 20.5% | 36.4% | - | - | - | - |
Evenex - 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 | Evenex | - |
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Evenex - employee data
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