MITS

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MITS - overview

Established

1996

Location

Seattle, WA, US

Primary Industry

Software

About

MITS offers advanced CRM and business intelligence solutions tailored for distributors, enabling efficient customer management and insightful analytics to enhance decision-making. MITS, founded in 1996 in Seattle, US, specializes in customer relationship management and business intelligence solutions for the distribution sector. The company underwent a significant transformation in July 2019 when it was acquired by Eden Capital Management. In September 2020, MITS, alongside Compass Sales Solutions and Tour de Force, Inc.


, merged under the White Cup, Inc. brand. Joe Durham currently serves as the CEO, leading the company through its strategic pivots and expansions. MITS delivers a comprehensive CRM and business intelligence solution designed specifically for distributors.


Their flagship products, White Cup CRM and White Cup BI, integrate with leading ERP systems, providing real-time insights into sales performance, customer interactions, and inventory management. This enables businesses to foster better relationships with customers and vendors while facilitating data-driven decision-making. MITS caters to a diverse clientele in the distribution sector, boasting over 850 clients across North America, including Mar-Hy Distributors and Callico Distributors. MITS operates on a subscription-based pricing model for its CRM and BI solutions, typically offering annual contracts that provide clients with software access and ongoing support.


The business model emphasizes B2B transactions, where companies pay for tiered service levels based on their operational requirements. The offerings are designed to enhance sales management and facilitate data analytics, contributing to overall business growth and customer retention. Looking forward, MITS plans to leverage its recent acquisition to drive business growth and expansion. The company is focused on developing new products under the White Cup brand to better serve its clientele in the distribution sector.


Additionally, MITS aims to expand its market presence further into North America and potentially enter new regions by the end of 2023. The resources acquired through the July 2019 acquisition are intended to support these initiatives, ensuring the company can effectively meet the evolving needs of its customers.


Current Investors

White Cup, Inc.

Primary Industry

Software

Sub Industries

Analytics & Performance Software

Website

www.mits.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

MITS - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedMITS-

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