About ConnectWise
ConnectWise is a company based in Boston (United States) founded in 2005 was acquired by ConnectWise in October 2019. It operates as a SaaS (Software-as-a-Service), and Managed Services. ConnectWise has completed 2 acquisitions, including BrightGauge and R1Soft. ConnectWise offers products and services including ConnectWise PSA, ConnectWise RMM, ConnectWise Cybersecurity, and ConnectWise Cloud Backup. ConnectWise operates in a competitive market with competitors including Datadog, ScienceLogic, NetScout, Quest Software and Kaseya, among others.
- Headquarter Boston, United States
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Connectwise, Llc
- Date of Incorporation 04 Apr, 2011
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$20.37 M (USD)31.66as on Mar 31, 2018
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Net Profit
$2 M (USD)27.05as on Mar 31, 2018
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EBITDA
$3.56 M (USD)26.38as on Mar 31, 2018
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Latest Funding Round
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Investors
ConnectWise
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
BrightGauge
& 1 more
- Acquired by
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Products & Services of ConnectWise
ConnectWise offers a comprehensive portfolio of products and services, including ConnectWise PSA, ConnectWise RMM, ConnectWise Cybersecurity, and ConnectWise Cloud Backup. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for managing IT services and business operations.
Tool for monitoring and managing IT systems remotely.
Solutions for protecting data and ensuring business security.
Service for backing up and recovering critical data.
Funding Insights of ConnectWise
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2011 | Amount | Private Equity Round - ConnectWise | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ConnectWise
ConnectWise has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include ConnectWise, Thoma Bravo and Summit Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Summit Partners is recognized as a growth equity investment firm.
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Founded Year | Domain | Location | |
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Software and technology-enabled services companies are targeted for investment.
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Founded Year | Domain | Location | |
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Cloud-based ERP and price quotation management software is provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ConnectWise
ConnectWise has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include BrightGauge and R1Soft. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Customizable dashboards and reports are provided for IT service providers.
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2010 | ||||
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Continuous backup recovery is offered for Windows and Linux platforms.
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2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - ConnectWise
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Connectwise Comparisons
Competitors of ConnectWise
ConnectWise operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Datadog, ScienceLogic, NetScout, Quest Software and Kaseya, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud and application performance management platform is provided.
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| domain | founded_year | HQ Location |
AI powered IT infrastructure and cloud monitoring platform
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| domain | founded_year | HQ Location |
Cloud-based visual tools for network performance management are provided.
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| domain | founded_year | HQ Location |
Cloud-based software for IT infrastructure monitoring is provided.
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| domain | founded_year | HQ Location |
Cloud based platform offering IT infrastructure monitoring software
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| domain | founded_year | HQ Location |
Enterprise WAN optimization and application performance monitoring platforms are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Connectwise
Frequently Asked Questions about ConnectWise
When was ConnectWise founded?
ConnectWise was founded in 2005 and raised its 1st funding round 6 years after it was founded.
Where is ConnectWise located?
ConnectWise is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
What is the annual revenue of ConnectWise?
Annual revenue of ConnectWise is $20.37M as on Mar 31, 2018.
What does ConnectWise do?
IT management software and cybersecurity solutions are offered by ConnectWise for managed service providers (MSPs) and IT departments. Services are delivered across sectors like business management, unified monitoring, and data protection. Comprehensive platforms including PSA, RMM, and cloud backup are developed to enhance operational efficiency. Automation and integrations are utilized to streamline IT processes. A community for MSPs is supported through events and training programs. Solutions are tailored for client onboarding, service desk ticketing, and cyber remediation. Growth and profitability for IT professionals are facilitated through purpose-built tools.
Who are the top competitors of ConnectWise?
ConnectWise's top competitors include Datadog, Quest Software and ScienceLogic.
What products or services does ConnectWise offer?
ConnectWise offers ConnectWise PSA, ConnectWise RMM, ConnectWise Cybersecurity, and ConnectWise Cloud Backup.
How many acquisitions has ConnectWise made?
ConnectWise has made 2 acquisitions, including BrightGauge, and R1Soft.
Who are ConnectWise's investors?
ConnectWise has 3 investors. Key investors include ConnectWise, Thoma Bravo, and Summit Partners.