Pythian

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Pythian - overview

Established

1997

Location

Ottawa, ON, Canada

Primary Industry

Software

About

Based in Canada, Pythian Services, Inc. offers comprehensive data and analytics services, focusing on data transformation through advanced technology, including artificial intelligence and cloud solutions. Pythian is a data services company that assists organizations in optimizing their data environments. Founded in 1997 in Ottawa, Canada, it has engaged in two significant investment deals, with the most recent occurring on May 3, 2017.


The company is led by CEO Keith Angell, who has a history of founding and managing technology-focused enterprises. Pythian specializes in comprehensive data and analytics services designed to facilitate the transformation of organizations through the effective use of data, artificial intelligence (AI), and cloud technology. The company’s core offerings include database management, data analytics, AI solutions, and cloud services, all aimed at enhancing operational efficiency and decision-making across various sectors. Pythian serves a diverse client base, including businesses in financial services, healthcare, manufacturing, and retail, with a focus on providing tailored solutions that address specific operational challenges.


Their products are designed to optimize data systems, ensuring stability, security, and compliance while enabling organizations to leverage data for improved customer experiences and operational performance. Notably, Pythian operates in various geographical markets, including North America, Europe, and Asia, catering to clients seeking advanced analytics and cloud modernization. Pythian generates revenue through a combination of service contracts and managed service agreements with its clients. Transactions typically occur in a B2B structure, where organizations partner with Pythian for ongoing support and expertise in managing their data environments.


This includes subscription-based models for cloud services and data analytics solutions, allowing clients to access the company's advanced technology and expertise as needed. Flagship services, such as their database management and AI consulting, are central to the revenue model, providing essential support for businesses looking to enhance their operational capabilities and data utilization. Specific pricing structures for their services are determined based on client needs and project scope, facilitating tailored engagements that align with business objectives. Pythian's strategy for future growth includes the development of new products focused on enhancing data analytics and cloud services, with potential launch dates expected in the upcoming fiscal cycle.


The company is eyeing expansion into new markets in Europe and Asia by the end of 2024, which will allow them to reach a broader clientele. Recent funding from their last deal on May 3, 2017, will be utilized to support these initiatives, ensuring the necessary resources for product development and market entry.


Primary Industry

Software

Sub Industries

Systems Management Software, Analytics & Performance Software

Website

www.pythian.com/

Verticals

Artificial Intelligence, Cloud Computing

Total Amount Raised

Subscriber access only

Pythian - 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-onCompletedRittman Mead Consulting Ltd.-
Corporate Carve OutCompletedPythian' Services Division-
Private DebtCompletedPythian-
Private DebtCompletedPythian-

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