About Coreworx
Coreworx is a company based in Kitchener (Canada) founded in 1997 was acquired by Vela Software in October 2018. Coreworx has raised $8.67 million across 1 funding round from investors including Acorn Energy, BDC and Software Innovation. Coreworx has completed 1 acquisition, including Decision Dynamics Technology. Coreworx offers products and services including Proarc Document Management Software, Coreworx Interface Management Software, Mpower Project Controls Software, and Propeople Crew Management Software. Coreworx operates in a competitive market with competitors including AspenTech, Aker Solutions, CSE Global, ComboCurve and SitePro, among others.
- Headquarter Kitchener, Canada
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Sectors
Energy & Utilities
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Phone
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Website
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$8.67 M (USD)
in 1 rounds
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Latest Funding Round
$8.67 M (USD), Series B
Apr 04, 2005
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Investors
Acorn Energy
& 8 more
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Employee Count
Not available
- Investments & Acquisitions
- Acquired by
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Products & Services of Coreworx
Coreworx offers a comprehensive portfolio of products and services, including Proarc Document Management Software, Coreworx Interface Management Software, Mpower Project Controls Software, and Propeople Crew Management Software.
Software for controlling engineering documents and ensuring compliance.
Tool for aligning teams on project interfaces and deliverables.
Software for monitoring and predicting project costs effectively.
Platform for scheduling crews based on skills and availability.
Funding Insights of Coreworx
Coreworx has successfully raised a total of $8.67M through 1 strategic funding round. The most recent funding activity was a Series B round of $8.67 million completed in April 2005. 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.
Investors in Coreworx
Coreworx has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Acorn Energy, BDC and Software Innovation.
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Venture capital and private equity investments are managed by B.E.S.T. Funds.
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Boutique investment banking services are provided in technology sectors.
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Early-stage VC firm investing in the US & Canada
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Investor details for Coreworx
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Coreworx
Coreworx has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Decision Dynamics Technology.
Investment portfolio details for Coreworx
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Complete acquisition details for Coreworx
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Financial Statements - Coreworx
Detailed financials for Coreworx
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Coreworx Comparisons
Peer comparison for Coreworx
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Competitors of Coreworx
Coreworx 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 AspenTech, Aker Solutions, CSE Global, ComboCurve and SitePro, among others.
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AI-based software for manufacturing process optimization is offered.
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Diversified solutions for oil and gas operations are provided worldwide.
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System integration and automation solutions are provided for industrial applications.
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Cloud-based solutions for oil and gas operations are provided.
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Provider of cloud-based software solutions for water and wastewater management
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Oilfield data collection, monitoring, and analysis services are provided.
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Detailed competitors of Coreworx
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Latest news on Coreworx
Complete news archive for Coreworx
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Frequently Asked Questions about Coreworx
Coreworx was founded in 1997 and raised its 1st funding round 8 years after it was founded.
Coreworx is headquartered in Kitchener, Canada. It is registered at Kitchener, Ontario, Canada.
Coreworx is a funded company, having raised a total of $8.67M across 1 funding round to date.
Coreworx was established in 1997 in Kitchener, Canada, as a provider of software and services. Integrated project information management solutions are offered for large-scale initiatives in the oil and gas, power, and mining sectors. Cost control and execution efficiency are supported through these tools, which handle data from complex global projects. Operations focus on engineering and construction phases across international locations.
Coreworx's top competitors include AspenTech, SitePro and CSE Global.
Coreworx offers Proarc Document Management Software, Coreworx Interface Management Software, Mpower Project Controls Software, and Propeople Crew Management Software.
Coreworx has made 1 acquisition, including Decision Dynamics Technology.
Coreworx has 9 investors. Key investors include Acorn Energy, BDC, Software Innovation, B.E.S.T. Funds, and Vela Software.