Norris Inc.
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Norris Inc. - overview
Established
1979
Location
-, ME, US
Primary Industry
IT Security/Cybersecurity
About
Norris Inc. is a specialized provider of automation solutions, precision engineering components, and software tools aimed at enhancing operational efficiency in industrial and commercial sectors. Founded in 1979 and headquartered in South Portland, US, Norris Inc. focuses on offering advanced solutions for industrial automation.
The company was acquired by Minuteman Security Technologies, Inc. in March 2020, enhancing its capabilities and market reach. The CEO, Bradford Norris, has a history of entrepreneurial ventures but specific details on previous companies are not provided. Norris Inc.
specializes in a range of innovative products and services designed primarily for the industrial and commercial sectors. Their core offerings include advanced automation solutions, precision engineering components, and specialized software tools that optimize operational efficiency. These products are engineered to address key challenges faced by businesses in streamlining processes, enhancing productivity, and reducing operational costs. The company's solutions have been deployed across various industries, including manufacturing, logistics, and energy, catering to a diverse clientele that encompasses both small enterprises and large multinational corporations.
Norris Inc. actively markets its products in North America, Europe, and parts of Asia, thereby ensuring a broad geographical reach that supports various end users in their operational endeavors. Norris Inc. generates revenue through a multifaceted transaction structure that includes both direct sales and strategic partnerships.
The company primarily operates on a B2B model, supplying its products directly to businesses that require advanced automation and engineering solutions. Transactions often involve long-term contracts that include maintenance and support services, thereby establishing ongoing revenue streams. Notable offerings include their flagship automation solution, which is typically sold through subscription models or one-time purchases, depending on the client's needs. The pricing structure is tailored to accommodate various client specifications, ensuring flexibility while delivering value to its partners.
Norris Inc. plans to leverage the insights gained from its recent acquisition to expand its product offerings and enhance market penetration. The company is currently designing new automation solutions set for release in the upcoming year. Additionally, Norris Inc.
aims to target new markets in Asia and Europe by the end of 2022, enhancing its global footprint. The proceeds from the acquisition will be directed towards these initiatives, paving the way for innovative product development and strategic market expansion.
Current Investors
Minuteman Security Technologies, Inc.
Primary Industry
IT Security/Cybersecurity
Sub Industries
IT Security/Cybersecurity, Monitoring & Security Software
Website
www.norrisinc.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Norris 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 | Completed | Norris Inc. | - |
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