About Prophix
Prophix is a company based in Mississauga (Canada) founded in 2000 was acquired by Hg in January 2021.. Prophix has completed 1 acquisition, including Sigma Conso. Prophix offers products and services including FP&A Plus, Budgeting & Planning, and Financial Close Management. Prophix operates in a competitive market with competitors including Vena Marketing, Workday Adaptive Planning, Host Analytics, Planful and Anaplan, among others.
- Headquarter Mississauga, Canada
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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 Prophix Software 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
$7.51 M (USD), Debt – Conventional
Apr 04, 2019
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Investors
Canadian Imperial Bank of Commerce
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Hg
(Jan 06, 2021)
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Products & Services of Prophix
Prophix offers a comprehensive portfolio of products and services, including FP&A Plus, Budgeting & Planning, and Financial Close 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.
Platform for advanced financial planning and analysis tools.
Tools for accurate budgeting and planning processes.
Automates financial close and reconciliation tasks.
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Sales and Marketing
28 people
Software Development Team
26 people
Leadership Team
18 people
Product Management Team
12 people
Finance and Accounting
10 people
Operations Team
9 people
Data Analysis and Operations Team
8 people
Senior Team
5 people
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Funding Insights of Prophix
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $7.5M
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First Round
First Round
(04 Apr 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2019 | Amount | Debt – Conventional - Prophix | Valuation |
investors |
| 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 Prophix
Prophix has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce, Hg and BDC. 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 in Europe are managed by Hg.
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Founded Year | Domain | Location | |
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Commercial banking services for small and medium-sized enterprises are provided.
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Founded Year | Domain | Location | |
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Commercial banking services are provided to individuals and 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 Prophix
Prophix has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Sigma Conso. 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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Financial forecasting, budgeting, and strategic planning software is provided.
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2002 |
| 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 - Prophix
| 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 |
Prophix Comparisons
Competitors of Prophix
Prophix 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 Vena Marketing, Workday Adaptive Planning, Host Analytics, Planful and Anaplan, 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 |
AI-powered financial planning and accounting software is offered.
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| domain | founded_year | HQ Location |
Cloud-based financial planning and analytics are delivered via SaaS.
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| domain | founded_year | HQ Location |
Cloud-based EPM applications for financial planning and analytics are delivered.
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| domain | founded_year | HQ Location |
Cloud-based financial planning and advisory solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Operational planning and forecasting solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Cloud-based financial planning and analytics solutions are offered for businesses.
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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 Prophix
Frequently Asked Questions about Prophix
When was Prophix founded?
Prophix was founded in 2000 and raised its 1st funding round 19 years after it was founded.
Where is Prophix located?
Prophix is headquartered in Mississauga, Canada. It is registered at Mississauga, Ontario, Canada.
What does Prophix do?
Prophix was founded in 2000 and is headquartered in Mississauga, Canada. Cloud-based solutions for corporate performance management are provided, encompassing budgeting, planning, forecasting, performance reporting, financial consolidation, capital expense planning, and sales and revenue analysis. These services are utilized across various sectors, including construction, insurance, higher education, healthcare, and manufacturing. Operations focus on supporting business financial processes through integrated software tools.
Who are the top competitors of Prophix?
Prophix's top competitors include Workday Adaptive Planning, Vena Marketing and Anaplan.
What products or services does Prophix offer?
Prophix offers FP&A Plus, Budgeting & Planning, and Financial Close Management.
How many acquisitions has Prophix made?
Prophix has made 1 acquisition, including Sigma Conso.
Who are Prophix's investors?
Prophix has 3 investors. Key investors include Canadian Imperial Bank of Commerce, Hg, and BDC.