Voyatek, Inc.

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Voyatek, Inc. - overview

Established

2005

Location

Columbia, MD, US

Primary Industry

Software

About

Voyatek, Inc. , operating as GCOM Software, LLC, delivers innovative technology solutions designed for public sector agencies and higher education institutions, focusing on enhancing operational efficiency and improving service delivery. Voyatek, Inc. is a company that provides technology solutions primarily for government and educational sectors.


Founded in 2005 and headquartered in Columbia, US, Voyatek has undergone significant business evolution, including a merger with OnCore Consulting, LLC in August 2023. The company has executed a total of 2 deals, with CEO Kamal Bherwani leading the firm since its inception. Voyatek specializes in providing outcome-driven technology solutions tailored for public sector agencies and higher education institutions across the United States. Their core product offerings focus on critical areas such as Tax & Revenue, Health & Human Services, and Justice & Public Safety.


Notable solutions include the Voyatek RevHub, an enterprise platform designed specifically for state tax agencies to enhance fraud detection and improve self-service experiences, and the Student Success Analytics (SSA) Cloud, which delivers real-time insights for higher education institutions to support targeted strategies. These products are aimed at improving population wellbeing, creating safer communities, and fostering economic growth, thereby serving a diverse clientele that includes state agencies, local governments, educational institutions, and service providers. The company's solutions are primarily deployed in various markets nationwide, addressing the unique challenges faced by public sector entities in different regions. Voyatek generates revenue through a business model that includes B2B transactions with government agencies and educational institutions.


For the year 2016, the company reported revenue of USD 75. 10 mn. Their offerings are structured around software solutions that may involve subscriptions or licensing agreements, where clients engage in long-term contracts for the use of Voyatek's products. This transactional framework allows for ongoing support and updates, ensuring that clients remain aligned with evolving operational needs and compliance requirements.


Flagship offerings such as Voyatek RevHub and SSA Cloud are designed to provide substantial value through enhanced analytics and operational efficiencies for clients. The recent merger with OnCore Consulting, LLC will allow Voyatek to strengthen its service offerings and capabilities. Future growth plans include the development of new products to enhance service delivery for public sector clients. Additionally, the company aims to expand its market presence into new regions across the United States by the end of 2024, leveraging the combined resources of both firms.


The recent funding through the merger will be utilized to support these initiatives and foster the development of innovative solutions tailored to the needs of their clientele.


Current Investors

Cerberus Capital Management, Sagewind Capital, Bagnols Family Office Investment Partners

Primary Industry

Software

Sub Industries

Consulting Services, Healthcare IT, Analytics & Performance Software, Systems Management Software

Website

www.voyatek.com/

Verticals

Cloud Computing, HealthTech, RegTech

Company Stage

Mature

Total Amount Raised

Subscriber access only

Voyatek, Inc. - financials

Fiscal Year EndedDec 31, 2016
Revenue (USD)-
% Revenue Growth (YoY)-
EBITDA (USD)-
Operating Income (USD)-
Operating Margin-
% EBITDA Margin-
NET Income (USD)-
% Net Margin-

Voyatek, Inc. - 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-onCompletedOnCore Consulting, LLC-
Add-onCompletedASR Analytics, LLC-
Add-onCompletedQlarion Inc.-
Add-onCompleted20/20 Teknology-
Add-onCompletedGANTECH Inc.-

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Voyatek, Inc. - employee data

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