About Cherwell
Cherwell is a Technology company based in Colorado Springs (United States) founded in 2004, and was acquired by Ivanti in January 2021. IT service and asset management is enabled with mApps integration. Cherwell has raised $491.38 million across 7 funding rounds from investors including KKR, Ivanti and Scottish Enterprise. The company has 480 employees. Cherwell has completed 1 acquisition, including Express Metrix. Its focus areas include Enterprise Infrastructure, IT Operations, ITSM and Suite. Its legal entity is CHERWELL SOFTWARE. Its competitors include Ivanti, TeamDynamix and EasyVista.
Company details
Cherwell provides service and software management solutions. Features include license management, cross platform discovery, usage metering, purchase tracking, integration with SCCM and more. Its Service Management software is ITIL certified Service Management software available SaaS or on-premises. Users can integrating with mApps solutions which are applications available open source or on commercial model. Recognized by Gartner, Forrester Research and Forbes. Key costumers include Texas State University, Virgin America, Otto Group.
- Headquarters Colorado Springs, United States
- Employees 480
- Stage Acquired
- SectorsTechnology
- Website cherwell.com
- Social LinkedIn X Facebook
- Acquired by Ivanti (Jan 2021)
- Legal Name Cherwell Software
Funding Insights of Cherwell
Cherwell has successfully raised a total of $491.38M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $83.25 million completed in May 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $491.38M
- Total Rounds 7
- Last Round Series C — $83.25M
- First Round $25M
(Nov 2012)
- Investors Count 3
All 7 funding rounds of Cherwell with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2020 | $83.25M | Series C | – | – | – |
| May 2019 | $80.56M | Series C | – | – | – |
| May 2019 | $4.06M | Grant | – | – | |
| Apr 2018 | $172M | Series C | – | – | |
| Feb 2017 | $50M | Series B | – | – | |
| Feb 2015 | $80.56M | Series B | – | – | – |
| Nov 2012 | $25M | Series A | – | – |
4 investors in total: 4 institutional.
Investors in Cherwell
Cherwell has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include KKR, Ivanti and Scottish Enterprise.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are invested in by this private equity firm. | 1976 | kkr.com | New York, United States | |
Investment firm scaling software and technology companies from early to late stages. | insightpartners.com | |||
Business development and leadership training programs are offered to companies. | 1991 | scottish-enterprise.com | Glasgow, United Kingdom | |
Cloud-based IT asset and service management software is offered. | 1985 | ivanti.com | South Jordan, United States |
Investor details for Cherwell
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People of Cherwell
22 people are tracked at Cherwell (4 in board & advisors, 18 in team); the tracked headcount is 480.
| Name | Role | Group |
|---|---|---|
John Spiliotis | Director | Board & advisors |
Timothy Pfeifer | Co-Founder & Director | Board & advisors |
Vance Brown | Director and Co-Founder | Board & advisors |
Rob Salvagno | Director | Board & advisors |
Warren Peterson | Senior Learning Developer Instructional Designer | Team |
Chad Hanson | Senior Engineer/team Lead | Team |
Michael Foster | Product Owner | Team |
Collin Wheeler | Senior Build And Release Engineer | Team |
Ian Ringler | Database Administrator | Team |
Steven Stellard | Senior Technical Support Analyst | Team |
Margaret Hansen | Product Analyst | Team |
Eric Inostroza | Sr Content Developer | Team |
Kimberlee Quello | Business Development | Team |
Alison Alfers | General Counsel | Team |
Katherine Clawley | Technical Analyst | Team |
Jakki Erosky | Program Manager, Customer Experience | Team |
Michael Bott | Customer Situation Manager | Team |
M. Eng. Bernita Black Pmp, Csm, Ssm | Project Manager | Team |
Stephen Leighfield | Product Support Analyst At Cherwell Software | Team |
Stephanie Westmaas | Customer Relationship Coordinator | Team |
2 more people are available in the full profile.
Complete people profiles for Cherwell
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Investments & Acquisitions by Cherwell
Cherwell has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Express Metrix.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud, cybersecurity, and managed services are provided to clients. | expressmetrix.com | Seattle, United States | 2000 | Aug 2014 | •••• |
Complete acquisition details for Cherwell
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Timeline of Cherwell
5 dated milestones of Cherwell across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Cherwell is founded.
- Funding First funding round of $25.0M.
- Acquisition Acquires Express Metrix.
- Funding Latest funding round, Series C, of $83.3M.
- Exit Acquired by Ivanti.
Competitors of Cherwell
Cherwell has 3 listed competitors in our database. They include Ivanti, TeamDynamix and EasyVista.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ivanti.com | 1985 | South Jordan, United States | Cloud-based IT asset and service management software is offered. | |||
| teamdynamix.com | 2001 | Columbus, United States | 106 | Cloud-based ERP solutions are offered for educational institutions. | ||
| easyvista.com | 1988 | New York, United States | Platform offering IT service management solutions |
Detailed competitors of Cherwell
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Web traffic of Cherwell
Websites that share an audience with Cherwell (cherwell.com).
Websites whose visitors overlap most with Cherwell. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| frontrange.com | 100% | View details | |||
cherwellsupport.com | cherwellsupport.com | 92% | – | ||
| axiossystems.com | 91% | 1.6K | #8,842,296 | View details | |
| easyvista.com | 85% | 607K | #92,137 | View details | |
| octopus-itsm.com | 74% | #431,249 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for Cherwell
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- 11 similar websites
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Top companies in IT Services & Operations
3 companies that operate in the same segment as Cherwell (IT Services & Operations) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 4,473 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 |
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Related news about Cherwell
Complete news archive for Cherwell
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Frequently Asked Questions about Cherwell
Cherwell was founded in 2004 and raised its 1st funding round 8 years after it was founded.
Cherwell is headquartered in Colorado Springs, United States. It is registered at Colorado Springs, Colorado, United States.
Cherwell is a funded company, having raised a total of $491.38M across 7 funding rounds to date. The company's 1st funding round was a Series A of $25M, raised on Nov 2012.
Cherwell has 480 employees.
Cherwell provides service and software management solutions. Features include license management, cross platform discovery, usage metering, purchase tracking, integration with SCCM and more. Its Service Management software is ITIL certified Service Management software available SaaS or on-premises. Users can integrating with mApps solutions which are applications available open source or on commercial model. Recognized by Gartner, Forrester Research and Forbes. Key costumers include Texas State University, Virgin America, Otto Group.
Cherwell's top competitors include Ivanti, TeamDynamix and EasyVista.
Cherwell has made 1 acquisition, including Express Metrix.
Cherwell has 4 investors. Key investors include KKR, Ivanti, Scottish Enterprise, and Insight Partners.
Cherwell operates through Cherwell Software.
Yes. Cherwell was acquired by Ivanti in January 2021.