Interwork Technologies Inc.
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Interwork Technologies Inc. - overview
Established
1991
Location
Buffalo, NY, US
Primary Industry
IT Security/Cybersecurity
About
Interwork Technologies Inc. specializes in providing innovative technology solutions that enhance operational efficiency for businesses across various sectors, including retail, healthcare, and finance. Founded in 1991 and headquartered in Buffalo, US, Interwork Technologies Inc. operates within the technology solutions market, focusing on streamlining operational efficiencies.
The company was acquired by Wayside Technology Group, Inc. in April 2020 for USD 6. 1 mn from FirePower Capital, marking a significant pivot in its business strategy. During its history, it has successfully completed a total of 2 deals with the most recent deal occurring on April 22, 2020.
Interwork Technologies Inc. offers a suite of technology solutions designed to improve operational efficiencies. Their primary product is a cloud-based platform that integrates existing systems with advanced analytics and automation tools to enable real-time decision-making. The company serves a diverse client base across North America and Europe, focusing on mid-sized enterprises that utilize technology to gain a competitive edge.
The company's revenue model is based on subscription services and partnerships. Clients engage in annual subscriptions for access to the core platform, ensuring long-term relationships through regular updates and support. Additionally, Interwork collaborates with regional distributors and wholesalers to reach smaller businesses, offering tiered pricing models that cater to different operational needs. Interwork Technologies Inc.
plans to utilize the recent acquisition funding to further develop its product offerings and expand into new markets. The company is focusing on launching an enhanced version of its cloud-based platform, with anticipated release dates set for the upcoming quarters. Moreover, they aim to penetrate the Asian market by the end of 2022, aligning with ongoing digital transformation trends. The completion of the acquisition deal in the second quarter of 2020 positions the company for these strategic growth initiatives.
Primary Industry
IT Security/Cybersecurity
Sub Industries
IT Security/Cybersecurity, Storage Management Software, Monitoring & Security Software
Website
www.interwork.com
Verticals
Cloud Computing, RegTech
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Interwork Technologies 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Interwork Technologies Inc. | - | ||||||||
| Buyout | Completed | Interwork Technologies Inc. | - |
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