About MMIT Network
MMIT Network is a company based in Yardley (United States) founded in 1994 by Amir Goldman was acquired by Susquehanna Growth Equity in April 2011.. MMIT Network has raised $27.36 million across 2 funding rounds from investors including HgT and Susquehanna Growth Equity. The company has 413 employees as of December 31, 2022. MMIT Network has completed 2 acquisitions, including Dedham Group and Panalgo. MMIT Network operates in a competitive market with competitors including Posos, Yuimedi, Memed, Diagnosia and Affirmhealth, among others.
- Headquarter Yardley, United States
- Employees 413 as on 31 Dec, 2022
- Founders Amir Goldman
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Sectors
HealthcareTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Managed Markets Insight & Technology Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$27.36 M (USD)
in 2 rounds
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Latest Funding Round
$27.36 M (USD), Series B
Aug 20, 2021
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Investors
HgT
& 1 more
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Employee Count
413
as on Dec 31, 2022
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Investments & Acquisitions
Dedham Group
& 1 more
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Acquired by
Susquehanna Growth Equity
(Apr 18, 2011)
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Leadership Team
42 people
Software Development Team
21 people
Data Analysis and Operations Team
17 people
Sales and Marketing
12 people
Product Management Team
11 people
Senior Team
7 people
Operations Team
5 people
Client Team
5 people
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Funding Insights of MMIT Network
MMIT Network has successfully raised a total of $27.36M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $27.36 million completed in August 2021. 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 Total Funding
- Total Rounds 2
- Last Round Series B — $27.4M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series B - MMIT Network | Valuation | HgCapital Trust |
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| Jun, 2011 | Amount | Series A - MMIT Network | 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 MMIT Network
MMIT Network has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include HgT and Susquehanna Growth Equity. 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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Private equity investments are focused on European software firms.
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Founded Year | Domain | Location | |
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Private equity firm
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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 MMIT Network
MMIT Network has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Dedham Group and Panalgo. 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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Market access strategic consulting is provided for the biopharma sector.
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2010 | ||||
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Provider of healthcare analytics software for clinics
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1996 |
| 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 - MMIT Network
| 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 |
Mmit Network Comparisons
Competitors of MMIT Network
MMIT Network 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 Posos, Yuimedi, Memed, Diagnosia and Affirmhealth, 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 |
AI-based drug information and patient profiling tool for healthcare professionals
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| domain | founded_year | HQ Location |
Provider of medical data analysis platform to improve the healthcare system
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| domain | founded_year | HQ Location |
Application with curated drug information used by physicians
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| domain | founded_year | HQ Location |
Drug decision support engine is provided for healthcare professionals.
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| domain | founded_year | HQ Location |
Software solutions for compliance with drug monitoring programs are offered.
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| 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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Latest news on Mmit Network
Frequently Asked Questions about MMIT Network
When was MMIT Network founded?
MMIT Network was founded in 1994 and raised its 1st funding round 17 years after it was founded.
Where is MMIT Network located?
MMIT Network is headquartered in Yardley, United States. It is registered at Yardley, Pennsylvania, United States.
Is MMIT Network a funded company?
MMIT Network is a funded company, having raised a total of $27.36M across 2 funding rounds to date.
How many employees does MMIT Network have?
As of Dec 31, 2022, the latest employee count at MMIT Network is 413.
What does MMIT Network do?
MMIT (Managed Markets Insight Technology) is the provider of formulary guidance and transparency information from PT to point of care. It connects the network of payers, pharma provider through pharmacy medical policy information. It helps providers to understand how every health plan and PBM covers all FDA approved medications in geography and provides them with all the data points needed to guide prescribing decisions for patients. It helps pharma companies to assess market access status across a comprehensive formulary set including payers and multiple geographies. It helps payers eliminate errors and reduce the operational overhead that can exist with traditional manual formulary management processes.
Who are the top competitors of MMIT Network?
MMIT Network's top competitors include Posos, Memed and Context Matters.
How many acquisitions has MMIT Network made?
MMIT Network has made 2 acquisitions, including Dedham Group, and Panalgo.
Who are MMIT Network's investors?
MMIT Network has 2 investors. Key investors include HgT, and Susquehanna Growth Equity.
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