About CXtec
CXtec is a company based in Syracuse (United States) founded in 1978 was acquired by H.I.G. Capital in August 2016.. CXtec has completed 1 acquisition, including Atlantix. CXtec offers products and services including Refurbished IT Hardware and IT Maintenance Services.
- Headquarter Syracuse, United States
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Cxtec Inc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$58.5 M (USD), Debt – Conventional
Aug 01, 2016
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Investors
Falcon Investment Advisors
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
H.I.G. Capital
(Aug 29, 2016)
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Products & Services of CXtec
CXtec offers a comprehensive portfolio of products and services, including Refurbished IT Hardware and IT Maintenance Services. 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.
Refurbished switches, storage, and servers are supplied to promote sustainability and cost savings in IT infrastructure.
Maintenance and support services are delivered for IT equipment to minimize downtime and extend hardware lifespan.
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Leadership Team
20 people
Sales and Marketing
9 people
Software Development Team
7 people
Human Resources and Administration
2 people
Account Team
2 people
Finance and Accounting
2 people
Business Team
1 people
Operations Team
1 people
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Funding Insights of CXtec
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $58.5M
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First Round
First Round
(01 Aug 2016)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2016 | Amount | Debt – Conventional - CXtec | Valuation |
investors |
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| 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 CXtec
CXtec has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Falcon Investment Advisors and H.I.G. Capital. 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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Strategic acquisitions are targeted by this private equity firm.
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Founded Year | Domain | Location | |
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Private equity capital is invested in small and mid-sized businesses.
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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 CXtec
CXtec has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Atlantix. 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
|
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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Data security services are provided by Atlantix to global clients.
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1976 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
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 - CXtec
| 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 |
Cxtec Comparisons
Competitors of CXtec
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about CXtec
When was CXtec founded?
CXtec was founded in 1978 and raised its 1st funding round 38 years after it was founded.
Where is CXtec located?
CXtec is headquartered in Syracuse, United States. It is registered at Syracuse, New York, United States.
What does CXtec do?
CXtec was founded in 1978 in Syracuse, United States, within the IT hardware sector. Lifecycle management services are offered, covering refurbishment, resale, and maintenance of networking equipment, servers, storage, and components. Asset recovery and ITAD solutions are included to extend hardware usability and limit environmental effects. Maintenance plans serve as OEM alternatives to cut costs and downtime, with cabling and data center options also available.
What products or services does CXtec offer?
CXtec offers Refurbished IT Hardware and IT Maintenance Services.
How many acquisitions has CXtec made?
CXtec has made 1 acquisition, including Atlantix.
Who are CXtec's investors?
CXtec has 2 investors. Key investors include Falcon Investment Advisors, and H.I.G. Capital.
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