New Net Technologies

New Net Technologies specializes in advanced IT solutions, particularly focusing on change auditing and monitoring to help organizations enhance their cybersecurity and operational efficiency. New Net Technologies (NNT) provides innovative IT auditing solutions designed to ensure compliance and security within organizations. The company is headquartered in Saint Albans, UK. NNT has undergone strategic pivots to enhance its service offerings.

The latest funding round occurred on January 19, 2010, when YFM Equity Partners invested in a SERIES B round, contributing GBP 0. 120 mn, bringing the total amount raised to GBP 0. 120 mn. The company has completed a total of 2 deals to date.

Netwrix Change Tracker, the flagship product of New Net Technologies (NNT), provides robust solutions for change auditing and monitoring within IT environments. This software enables organizations to detect and report on changes across their IT infrastructure, thus addressing critical use cases such as compliance auditing, security management, and operational efficiency. The service is designed for enterprises that require a comprehensive view of their systems’ changes to mitigate risks and fortify their cybersecurity posture. The target customer base includes businesses across various sectors, such as finance, healthcare, and government, with particular emphasis on regions like North America and Europe where regulatory compliance is paramount.

Through the integration of advanced analytics and user-friendly interfaces, Netwrix Change Tracker facilitates proactive IT management for its clients, ensuring they remain in control of their technological assets. In the most recent fiscal year 2023, New Net Technologies reported a revenue of GBP 3,089,340. 80 and an EBITDA of GBP 2,184,450. 50.

The revenue model primarily revolves around subscription-based offerings, with clients engaging in annual contracts that provide access to Netwrix Change Tracker and associated services, fostering long-term partnerships. New Net Technologies plans to enhance its product lineup by developing additional features for existing offerings, with new releases expected by the end of 2024. The company is targeting expansion into North American and European markets by 2025, focusing on regions that demand stringent compliance solutions. The recent funding from the SERIES B round will be utilized to support these growth initiatives and enhance product development.