Quisitive Technology Solutions, Inc.
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Quisitive Technology Solutions, Inc. - overview
Established
2016
Location
Irving, TX, US
Primary Industry
Software
About
Based in the US, Quisitive, LLC operates as a technology solutions provider, delivering cloud-based services designed to improve operational efficiency and facilitate innovation across diverse industries. Quisitive, LLC is a technology firm specializing in cloud solutions. Founded in 2016 in Irving, US, the company has undergone strategic shifts to refine its offerings and expand its market reach. The firm's leadership includes CEOs Lawrence Thompson and Mike Reinhart.
In December 2024, Quisitive executed a PIPE deal totaling CAD 169. 1 million with H. I. G.
Capital. This funding reflects the company's total capital raised of CAD 169. 1 million across five deals, with a focus on growth and expansion initiatives. Quisitive specializes in a variety of cloud-based solutions and services aimed at enhancing operational efficiency across industries.
Key products include MazikCare, a health solutions suite integrating Microsoft Dynamics 365, emPerform for employee performance management, and Quisitive PowerGov for community governance. The company also offers Quisitive ShopFloor for manufacturing process management, targeting markets beyond North America, including Europe, to assist organizations in their digital transformation efforts. In the most recent fiscal year of 2023, Quisitive reported a revenue of CAD 121. 22 mn and an EBITDA of CAD 13.
63 mn. The revenue is primarily derived from subscription-based models and partnership agreements across sectors like healthcare, government, and manufacturing, with products offered through annual subscriptions that ensure ongoing client support and updates. Quisitive plans to leverage its recent acquisition by H. I.
G. Capital to enhance growth and expansion strategies. The company is focusing on developing new products and exploring new markets, with specific attention to geographic regions targeted for expansion by the end of 2024. The funds from the recent PIPE deal will be used to support these initiatives, enabling Quisitive to bolster its capabilities and responsiveness to the evolving needs of its clients.
Current Investors
H.I.G. Capital, Fusion Agiletech Partners
Primary Industry
Software
Sub Industries
Consulting Services, Accounting/Finance Software, Application Integration Software, Content Management Software, HR & Workforce Software, Logistics Software, Monitoring & Security Software, Sales & Marketing Software, Systems Management Software
Website
www.quisitive.com
Verticals
Artificial Intelligence, Big Data, Cloud Computing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Quisitive Technology Solutions, Inc. - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 12,606,724 | 18,500,000 | 49,764,000 | - | - | - |
| % Revenue Growth (YoY) | - | 46.7% | 169.0% | - | - | - |
| EBITDA (USD) | (4,254,581) | (4,200,000) | (1,686,000) | - | - | - |
| Operating Income (USD) | (5,837,469) | (7,300,000) | (6,524,000) | - | - | - |
| Operating Margin | (46.3%) | (39.5%) | (13.1%) | - | - | - |
| % EBITDA Margin | (33.7%) | (22.7%) | (3.4%) | - | - | - |
| NET Income (USD) | (6,610,200) | (7,400,000) | (9,908,000) | - | - | - |
| % Net Margin | (52.4%) | (40.0%) | (19.9%) | - | - | - |
Quisitive Technology Solutions, 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PIPE | Completed | Quisitive Technology Solutions, Inc. | - | ||||||||
| Add-on | Completed | Catapult Systems, LLC | - | ||||||||
| Private Placement/Follow on | Completed | Quisitive Technology Solutions, Inc. | - | ||||||||
| Private Debt | Completed | Quisitive Technology Solutions, Inc. | - | ||||||||
| IPO | Completed | Quisitive Technology Solutions, Inc. | - |
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