Managed by Q, Inc.
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Managed by Q, Inc. - overview
Established
2014
Location
New York, NY, US
Primary Industry
Software
About
Managed by Q, Inc. provides integrated resource management solutions focused on enhancing operational efficiency during emergencies. Their services facilitate coordination and mobilization of resources, essential for effective crisis response. Managed by Q, Inc.
was founded in 2014 and operates out of New York, US. The company specializes in resource management solutions, emphasizing incident management and emergency response. It received funding through a Series C round totaling USD 11. 43 mn, led by investors including DivcoWest, GV, Oxford Properties Group, and RRE Ventures.
The company has raised a total of USD 11. 43 mn, achieving a current valuation of USD 220. 168 mn. The company was acquired by WeWork Companies Inc.
in April 2019, although financial terms were not disclosed. Managed by Q specializes in resource management solutions tailored for incident management and emergency response scenarios. Their core offerings focus on tools that support seamless resource coordination and mobilization, optimizing operations during crises. The solutions cater to a diverse clientele, including governmental agencies, non-profit organizations, and private sector companies engaged in crisis management.
Their products are marketed primarily in North America, Europe, and parts of Asia, targeting regions often facing emergencies that require coordinated responses. Managed by Q generates revenue through a subscription-based model for its resource management tools, along with partnership agreements with both public and private entities. Clients engage with the company via long-term contracts outlining use terms for the software critical for incident management. The pricing structure accommodates different client needs, offering customizable plans based on organizational size and service complexity.
Key products include advanced resource coordination software, crucial for effective communication and resource allocation during emergencies, primarily focusing on B2B partnerships to enhance operational readiness. Following its acquisition by WeWork Companies Inc. in April 2019, Managed by Q aims to leverage its resources to enhance product offerings and geographic reach. The company is focused on developing new resource management solutions to better serve clients across its existing markets in North America, Europe, and Asia.
Future expansions are targeted towards additional markets with high emergency response needs, aiming to launch new products by 2021. The funding received will support these strategic initiatives, enhancing their capacity to address complex crisis management scenarios globally.
Current Investors
RRE Ventures, Greycroft, GV
Primary Industry
Software
Sub Industries
Application Integration Software, HR & Workforce Software
Website
www.managedbyq.com
Verticals
Cloud Computing
Company Stage
Acquired
Total Amount Raised
Subscriber access only

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