About PRGX
PRGX is a company based in Atlanta (United States) founded in 1970 was acquired by Ardian in December 2020.. The company has 419 employees as of April 08, 2024. PRGX has completed 1 acquisition, including Lavante. PRGX offers products and services including AP Profit Recovery, Contract Compliance, Retail Merchandise Profit Recovery, Margin Insight, and Supplier Connect. PRGX operates in a competitive market with competitors including Conta Simples, AppZen, Brightflag, Mendel and FlexM, among others.
- Headquarter Atlanta, United States
- Employees 419 as on 08 Apr, 2024
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Prgx India Private Limited
- Date of Incorporation 09 Apr, 2010
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$5.71 M (USD)5.23as on Mar 31, 2023
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Net Profit
$586.43 K (USD)-11.43as on Mar 31, 2023
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EBITDA
$639.22 K (USD)-34.73as on Mar 31, 2023
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Latest Funding Round
$6.25 M (USD), Post-IPO
Dec 01, 2011
- Investors
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Employee Count
419
as on Apr 08, 2024
- Investments & Acquisitions
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Acquired by
Ardian
(Dec 24, 2020)
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Products & Services of PRGX
PRGX offers a comprehensive portfolio of products and services, including AP Profit Recovery, Contract Compliance, Retail Merchandise Profit Recovery, Margin Insight, and Supplier Connect. 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.
Helps recover profits from accounts payable processes.
Ensures adherence to contracts for better business outcomes.
Identifies hidden opportunities in retail operations.
Analyzes vendor performance to improve business margins.
Facilitates efficient supplier communication and processes.
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Software Development Team
67 people
Leadership Team
17 people
Finance and Accounting
12 people
Operations Team
11 people
Human Resources and Administration
10 people
Sales and Marketing
9 people
Senior Team
6 people
Data Analysis and Operations Team
4 people
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Funding Insights of PRGX
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $6.2M
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First Round
First Round
(01 Dec 2011)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2011 | Amount | Post-IPO - PRGX | 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 PRGX
PRGX has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Ardian. 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 investment firm specializing in markets and partnerships.
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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 PRGX
PRGX has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Lavante. 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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Supplier onboarding and compliance automation is provided by Lavante.
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2001 |
| 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 - PRGX
| 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 |
Prgx Comparisons
Competitors of PRGX
PRGX 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 Conta Simples, AppZen, Brightflag, Mendel and FlexM, 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 |
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| domain | founded_year | HQ Location |
Digital bank for businesses
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| domain | founded_year | HQ Location |
Personal Assistant for Expense Management
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| domain | founded_year | HQ Location |
AI-based legal spend management software is offered for corporate lawyers.
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| domain | founded_year | HQ Location |
Expense analysis and management solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Expense management and bill payment solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Construction professionals are matched with projects via an online marketplace.
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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 Prgx
Frequently Asked Questions about PRGX
When was PRGX founded?
PRGX was founded in 1970 and raised its 1st funding round 41 years after it was founded.
Where is PRGX located?
PRGX is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
How many employees does PRGX have?
As of Apr 08, 2024, the latest employee count at PRGX is 419.
What is the annual revenue of PRGX?
Annual revenue of PRGX is $5.71M as on Mar 31, 2023.
What does PRGX do?
PRGX was founded in 1970 and is based in Atlanta, United States. A software-based platform is provided for account payables and spend management within the financial technology sector. Key solutions encompass merchandise analytics, payment analytics, spend analytics, deduction management, cash discounting, and fraud management. Compliance tools are also included to support operational efficiency across various financial processes.
Who are the top competitors of PRGX?
PRGX's top competitors include Conta Simples, Brightflag and AppZen.
What products or services does PRGX offer?
PRGX offers AP Profit Recovery, Contract Compliance, Retail Merchandise Profit Recovery, Margin Insight, and Supplier Connect.
How many acquisitions has PRGX made?
PRGX has made 1 acquisition, including Lavante.
Who are PRGX's investors?
PRGX has 1 investor. Key investors include Ardian.
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