Raynet GmbH
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Raynet GmbH - overview
Established
1999
Location
Paderborn, -, Germany
Primary Industry
Software
About
Based in Germany, Raynet GmbH specializes in IT asset management, providing a comprehensive Software as a Service (SaaS) platform for organizations to manage their IT asset portfolios efficiently. Founded in 1999 and headquartered in Paderborn, Germany, Raynet GmbH operates in the IT asset management sector. The company was acquired by Pinova Capital in March 2021, which enabled it to expand its product offerings internationally. The current CEOs are Andreas Gieseke and Tamás Földvárszki.
Raynet GmbH specializes in IT asset management, offering the Raynet One platform that provides organizations with a centralized interface to manage their hardware and software assets. The platform enhances IT asset visibility and supports various use cases such as vulnerability management and security patch management. Raynet's solutions serve a wide international client base across diverse sectors, including technology partners and resellers, primarily in Europe, North America, and Asia. In the most recent fiscal year, 2022, Raynet GmbH achieved a revenue of USD 11.
46 mn, with an EBITDA of USD 4. 35 mn for the year 2023. The company operates on a subscription-based revenue model, primarily through B2B agreements that grant clients access to IT asset management tools and support services. Following the acquisition by Pinova Capital in March 2021, Raynet GmbH plans to leverage the new investment to expand its product offerings and services internationally.
The company is focusing on enhancing its Raynet One platform and may explore entry into new markets, although specific regions and timelines have not been disclosed.
Current Investors
PINOVA Capital
Primary Industry
Software
Sub Industries
Offshore IT Services/IT Outsourcing, Application Integration Software, Systems Management Software
Website
www.raynet.de
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Raynet GmbH - timeline of key events
Raynet GmbH - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | - | - | 7,864,000 | 6,131,000 | 5,866,000 | - | 8,018,000 | 8,903,000 | 9,271,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | (22.0%) | (4.3%) | - | - | 11.0% | 4.1% | - | - | - |
| EBITDA (USD) | - | - | - | - | 789,416 | 336,793.3 | 963,133 | 2,143,899 | 3,089,243.1 | 2,980,384.5 | 3,336,420.6 | - | - | - |
| Operating Income (USD) | - | - | - | - | 40,350.7 | (643,181.5) | (111,678.9) | 918,804.8 | 1,710,708.7 | 1,362,181.1 | 1,511,963.2 | - | - | - |
| Operating Margin | - | - | - | - | 0.5% | (10.5%) | (1.9%) | - | 21.3% | 15.3% | 16.3% | - | - | - |
| % EBITDA Margin | - | - | - | - | 10.0% | 5.5% | 16.4% | - | 38.5% | 33.5% | 36.0% | - | - | - |
| NET Income (USD) | 685,543.8 | 1,297,096.4 | 1,035,150.2 | 48,922.3 | 5,990 | (527,466.9) | (232,136.2) | 525,994.8 | 1,246,771.1 | 957,229.4 | 964,868.3 | - | - | - |
| % Net Margin | - | - | - | - | 0.1% | (8.6%) | (4.0%) | - | 15.5% | 10.8% | 10.4% | - | - | - |
Raynet GmbH - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Raynet GmbH | - | ||||||||
| Trade Sale | Completed | Flexera Software LLC | - |
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Raynet GmbH - employee data
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