Stratix Corporation

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Stratix Corporation - overview

Established

1983

Location

Norcross, GA, US

Primary Industry

Outsourcing

About

Stratix Corporation delivers managed mobility services, focusing on the design, deployment, and management of mobile technology solutions for businesses, healthcare, and educational institutions across North America. Founded in 1983 and headquartered in Norcross, US, Stratix Corporation specializes in managed mobility services that optimize mobile technology solutions. The company has undergone strategic pivots to enhance its service offerings but has consistently focused on mobility management. The current CEO, Bonney Shuman, has a background that underscores her leadership in the technology sector.


Stratix has successfully completed 4 deals, with the most recent funding round involving an exit by Tailwind Capital, although financial terms were not disclosed. Stratix Corporation specializes in providing comprehensive managed mobility services that include the design, deployment, management, and support of mobile technology solutions. Their services optimize the mobile device lifecycle, offering procurement, technical support, IT asset disposition (ITAD), and telecom expense management. Targeting business, healthcare, and education sectors, Stratix enhances operational efficiency, improves patient care, and facilitates educational technology for students.


Their itrac360 platform provides real-time visibility into mobile assets, ensuring effective technology management for clients including Fortune 500 companies, educational institutions, and healthcare organizations across North America. Stratix operates on a business-to-business (B2B) model, generating revenue through a combination of subscription-based services, device procurement, and project management engagements. Contracts often encompass ongoing support and maintenance bundled with device provisioning and repair services. Their revenue model includes flagship offerings such as device repair services and IT asset disposition, which foster continuous business through established contracts with organizations seeking reliable mobile technology solutions.


Specific pricing plans and transaction structures are tailored to client needs, emphasizing customized service agreements. Stratix Corporation aims to launch new products focused on enhancing managed mobility capabilities, although specific release dates have not been disclosed. The company plans to expand into new markets, targeting additional sectors within North America by mid-2024. Recent funding will support these initiatives, enhancing their service infrastructure and product development to meet growing market demands.


Current Investors

Tailwind Capital

Primary Industry

Outsourcing

Sub Industries

Consulting Services, Offshore IT Services/IT Outsourcing, IT Infrastructure

Website

www.stratixcorp.com

Company Stage

Mature

Total Amount Raised

Subscriber access only

Stratix Corporation - 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-onCompletedMobility CG-
Add-on, Trade SaleCompletedVox Mobile, Inc.-
Secondary BuyoutCompletedStratix Corporation-
Secondary BuyoutCompletedStratix Corporation-
BuyoutCompletedStratix Corporation-

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