Haystax Technology, Inc.
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Haystax Technology, Inc. - overview
Established
2012
Location
Kansas City, MO, US
Primary Industry
IT Security/Cybersecurity
About
Haystax Technology, Inc. provides advanced security solutions aimed at mitigating various risks, including physical, environmental, and cyber threats, through innovative technology and tailored strategic services. Haystax Technology, Inc. is a technology company specializing in integrated security solutions.
Founded in 2012 in Kansas City, US, the company has undergone strategic adjustments to enhance its service offerings. It has completed 3 deals, with the most recent occurring on October 12, 2021, when Cerberus Capital Management acquired NetCentrics Corporation from Haystax, leading to a leadership change with Mr. Kenny Cushing appointed as CEO of NetCentrics Corporation. The company operates primarily within the United States.
Haystax Technology, Inc. offers a range of security solutions designed to tackle physical, environmental, and cyber risks. Its primary products include the Physical Detection & Response platform, which utilizes cutting-edge technologies for incident monitoring and response, and the Operational Intelligence Center, delivering actionable insights to enhance security. Additionally, the company provides Strategic Services, focusing on risk assessments and customized security strategies, catering to diverse clients such as educational institutions, healthcare facilities, and public safety organizations.
Haystax Technology, Inc. generates revenue through a B2B model, primarily from service subscriptions and partnerships with government agencies and private organizations. Clients subscribe to services like the Physical Detection & Response platform and the Operational Intelligence Center, often through annual contracts that offer service tiers tailored to their specific needs. This approach ensures that clients receive customized solutions aligned with their operational requirements, emphasizing the importance of collaborative relationships in security management.
Following the acquisition of NetCentrics Corporation in October 2021, Haystax plans to utilize the additional capital to support its growth strategy, which includes the development of new products and services to enhance its offerings. The company is also exploring opportunities to expand into new markets, particularly focusing on increasing its presence in regions where security risks are prevalent. Specific geographic areas targeted for growth will be identified as part of their strategic expansion roadmap.
Current Investors
Edgewater Funds
Primary Industry
IT Security/Cybersecurity
Sub Industries
IT Security/Cybersecurity, Analytics & Performance Software, Monitoring & Security Software, Systems Management Software
Website
www.haystax.com
Verticals
Artificial Intelligence, Cloud Computing
Total Amount Raised
Subscriber access only
Haystax Technology, Inc. - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Haystax Technology, Inc. | - | ||||||||
| Buyout | Completed | NetCentrics Corporation | - | ||||||||
| Trade Sale | Completed | Haystax Technology, Inc. | - | ||||||||
| Add-on | Completed | NetCentrics Corporation | - | ||||||||
| Add-on | Completed | FlexPoint Technology, LLC | - |
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