Lume Technologies Inc.
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Lume Technologies Inc. - overview
Established
2012
Location
Douglasville, GA, US
Primary Industry
IT Infrastructure
About
Based in the US, Lume Technologies Inc. specializes in innovative technology solutions that enhance operational efficiency and productivity for medium to large enterprises across various sectors. Lume Technologies Inc. was founded in 2012 in Douglasville, US.
The company offers advanced software solutions designed to streamline data management and workflow automation. In September 2021, ColoHouse acquired Lume Technologies Inc. from BaseCamp Capital and Lighter Capital, aiming to expand Lume's product offerings and capabilities. The company has completed a total of 5 deals, with the latest funding round being a USD 4.
30 mn investment led by BaseCamp Capital, resulting in a total amount raised of USD 4. 30 mn. The CEO of Lume Technologies is Kyle Verzello. Lume Technologies' core product offerings focus on technology solutions that enhance operational efficiency and productivity.
These include advanced software platforms facilitating data management, analytics, and workflow automation. They cater primarily to medium and large enterprises across sectors such as manufacturing, healthcare, and finance, with a client base that includes Fortune 500 companies, government agencies, and small-to-medium enterprises seeking to leverage technology for competitive advantage. The company’s revenue model is primarily based on subscription services and direct sales of software products. Clients enter annual contracts to access the core software suite, which features tiered pricing plans that cater to organizations of different sizes.
This model fosters long-term relationships with clients and ensures a stable revenue stream through predictable cash flow from subscriptions. Following the recent acquisition by ColoHouse in September 2021, Lume Technologies is focused on expanding its product offerings and capabilities. The acquisition is expected to facilitate the development and launch of upcoming innovative software solutions, although specific product release dates have not been disclosed. The company plans to target new markets for expansion, particularly in North America and Europe, capitalizing on the growing demand for digital transformation.
The funding from the recent acquisition will support these initiatives, enhancing Lume's capacity to innovate and meet client needs.
Current Investors
fifteenfortyseven Critical Systems Realty, Valterra Partners, ColoHouse
Primary Industry
IT Infrastructure
Sub Industries
Data Centers, IT Infrastructure, Systems Management Software
Website
www.lumecloud.com
Verticals
Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Lume 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Lume Technologies Inc. | - |
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