About IT Works
IT Works is a company based in Raleigh (United States) founded in 1987 was acquired by Cayuse in April 2018.. The company has 24 employees as of December 31, 2018. IT Works offers products and services including Research Platform, Sponsored Projects, Award Management, Compliance Management, and Vivarium Management. IT Works operates in a competitive market with competitors including Foundant Technologies, Cayuse, AmpliFund, Beam and WizeHive, among others.
- Headquarter Raleigh, United States
- Employees 24 as on 31 Dec, 2018
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Sectors
Government & Social Sector
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Phone
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Website
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Social
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Products & Services of IT Works
IT Works offers a comprehensive portfolio of products and services, including Research Platform, Sponsored Projects, Award Management, Compliance Management, and Vivarium Management. 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.
Cloud platform for managing research proposals and funds
Tools for handling sponsored research activities
System for tracking and managing research awards
Software for ethics and safety oversight in research
Platform for animal research and vivarium scheduling
Funding Insights of IT Works
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 IT Works
IT Works has secured backing from 1 investor. Prominent investors backing the company include Cayuse. 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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A cloud-based platform is utilized for grant management and compliance.
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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 IT Works
| 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 |
Financial Statements - IT Works
| 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 |
It Works Comparisons
Competitors of IT Works
IT Works 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 Foundant Technologies, Cayuse, AmpliFund, Beam and WizeHive, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Grant management software is provided for grantmakers and grantseekers.
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| domain | founded_year | HQ Location |
A cloud-based platform is utilized for grant management and compliance.
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| domain | founded_year | HQ Location |
Cloud-based grant management software is offered for governments.
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| domain | founded_year | HQ Location |
Sustainable infrastructure solutions for transportation electrification are offered.
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| domain | founded_year | HQ Location |
Scholarships, grants, and awards are managed via an online platform.
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| domain | founded_year | HQ Location |
White-label donation account solutions are provided to employers and institutions.
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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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Frequently Asked Questions about IT Works
When was IT Works founded?
IT Works was founded in 1987.
Where is IT Works located?
IT Works is headquartered in Raleigh, United States. It is registered at Raleigh, North Carolina, United States.
Who is the current CEO of IT Works?
Jim Wrenn is the current CEO of IT Works.
How many employees does IT Works have?
As of Dec 31, 2018, the latest employee count at IT Works is 24.
What does IT Works do?
IT Works was founded in 1987 and is headquartered in Raleigh, United States. Software solutions are provided for grant management in educational, research, and healthcare sectors, focusing on financial and research administration. Pre- and post-award activities are tracked, indirect costs are calculated, internal commitments are monitored, and cost projections are generated. Effort certification and reporting are supported, along with recharge center management and consulting services for implementation.
Who are the top competitors of IT Works?
IT Works's top competitors include AmpliFund, Foundant Technologies and Beam.
What products or services does IT Works offer?
IT Works offers Research Platform, Sponsored Projects, Award Management, Compliance Management, and Vivarium Management.
Who are IT Works's investors?
IT Works has 1 investor. Key investors include Cayuse.
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