About PrefTech
PrefTech is a company based in Tysons (United States) founded in 1982 was acquired by Vizient in October 2023.. PrefTech has raised $1.6 million across 3 funding rounds from investors including Vizient Inc.. PrefTech offers products and services including Preference Card Software and Consulting Services. PrefTech operates in a competitive market with competitors including Alira Health, Nordic, J2 Interactive, Antser and NNIT, among others.
- Headquarter Tysons, United States
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Vizient Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.6 M (USD)
in 3 rounds
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Latest Funding Round
$1.25 M (USD), Debt – Conventional
Mar 03, 2023
- Investors
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Employee Count
Employee Count
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Acquired by
Vizient
(Oct 30, 2023)
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Products & Services of PrefTech
PrefTech offers a comprehensive portfolio of products and services, including Preference Card Software and Consulting 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.
Software for monitoring and optimizing surgical preference cards.
Services to improve healthcare operations and reduce inefficiencies.
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Advisor Team
6 people
Leadership Team
3 people
Chairman Team
1 people
Sales and Marketing
1 people
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Funding Insights of PrefTech
PrefTech has successfully raised a total of $1.6M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $1.25 million completed in March 2023. 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 3
- Last Round Debt – Conventional — $1.2M
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First Round
First Round
(23 Apr 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Debt – Conventional - PrefTech | Valuation |
investors |
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| Apr, 2019 | Amount | Unspecified - PrefTech | Valuation |
investors |
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| Apr, 2018 | Amount | Unspecified - PrefTech | 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 PrefTech
PrefTech has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Vizient Inc.. 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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Vizient Inc. is engaged in healthcare performance improvement solutions.
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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 PrefTech
| 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 - PrefTech
| 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 |
Preftech Comparisons
Competitors of PrefTech
PrefTech 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 Alira Health, Nordic, J2 Interactive, Antser and NNIT, 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 |
Provider of advisory services, healthcare IT, market access, regulatory affairs, and other services
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| domain | founded_year | HQ Location |
Healthcare IT services are provided to the sector by Nordic.
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| domain | founded_year | HQ Location |
Healthcare software development and IT consulting services are provided.
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| domain | founded_year | HQ Location |
Technology, support services, and training are provided to healthcare.
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| domain | founded_year | HQ Location |
Digital transformation solutions are provided, including custom development and cybersecurity.
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| domain | founded_year | HQ Location |
Provider of integrated IT solutions for health and care organizations
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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 Preftech
Frequently Asked Questions about PrefTech
When was PrefTech founded?
PrefTech was founded in 1982 and raised its 1st funding round 36 years after it was founded.
Where is PrefTech located?
PrefTech is headquartered in Tysons, United States. It is registered at Tysons, Virginia, United States.
Who is the current CEO of PrefTech?
Matthew Boehm is the current CEO of PrefTech.
Is PrefTech a funded company?
PrefTech is a funded company, having raised a total of $1.6M across 3 funding rounds to date. The company's 1st funding round was a Unspecified of $825K, raised on Apr 23, 2018.
What does PrefTech do?
PrefTech was founded in 1982 and is headquartered in Tysons, United States. Application development services are offered by the company within the information technology sector. Operations are centered on delivering software solutions to various clients. Leadership is held by Matthew Boehm, serving as CEO and President. The domain preftech.com is utilized for online presence, with activities focused on domestic markets.
Who are the top competitors of PrefTech?
PrefTech's top competitors include Alira Health, Nordic and NNIT.
What products or services does PrefTech offer?
PrefTech offers Preference Card Software and Consulting Services.
Who are PrefTech's investors?
PrefTech has 1 investor. Key investors include Vizient Inc..
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