About SofTech
SofTech is a company based in Lowell (United States) founded in 1969.. The company has 3 employees as of December 31, 2020. SofTech has completed 1 acquisition, including Workgroup. SofTech operates in a competitive market with competitors including Arena Solutions, Nano Dimension, Sopheon, Agile Software and PROCAD, among others.
- Headquarter Lowell, United States
- Employees 3 as on 31 Dec, 2020
- Stage Public
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Sectors
Industrial Goods & Manufacturing
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Phone
*********
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Website
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Social
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- Legal Name Softech Inc
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Funding Insights of SofTech
- Total Funding Total Funding
- Total Rounds 3
- Last Round Post-IPO — $1.3M
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First Round
First Round
(11 Mar 2011)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2014 | Amount | Post-IPO - SofTech | Valuation |
investors |
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| Dec, 2012 | Amount | Post-IPO - SofTech | Valuation |
investors |
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| Mar, 2011 | Amount | Post-IPO - SofTech | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 |
Investments & Acquisitions by SofTech
SofTech has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Workgroup. 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 |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Limited information is available regarding Workgroup's core activities and operations.
|
1991 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - SofTech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Softech Comparisons
Competitors of SofTech
SofTech 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 Arena Solutions, Nano Dimension, Sopheon, Agile Software and PROCAD, 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 |
Cloud PLM applications are delivered for manufacturing firms.
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| domain | founded_year | HQ Location |
Cloud-based precision additive manufacturing systems and nano inks for electronics
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| domain | founded_year | HQ Location |
Software and services for product lifecycle management are offered.
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| domain | founded_year | HQ Location |
PLM software products are developed and sold with consulting services.
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| domain | founded_year | HQ Location |
Product lifecycle management software solutions are offered by PROCAD.
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| domain | founded_year | HQ Location |
Product lifecycle management and document management software are provided.
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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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Frequently Asked Questions about SofTech
When was SofTech founded?
SofTech was founded in 1969 and raised its 1st funding round 42 years after it was founded.
Where is SofTech located?
SofTech is headquartered in Lowell, United States. It is registered at Lowell, Massachusetts, United States.
How many employees does SofTech have?
As of Dec 31, 2020, the latest employee count at SofTech is 3.
What does SofTech do?
SofTech was founded in 1969 and is headquartered in Lowell, Massachusetts, United States. Software for product lifecycle management (ProductCenter PLM), computer-aided design and manufacturing (CADRA, SofTech Connectors, SpaceClaim Engineer), and product data management is provided by the company. Customers such as General Electric, Goodrich, Honeywell, Siemens, Sikorsky Aircraft, and the U.S. Army are served. Worldwide annual revenue stands at USD 12.1 million.
Who are the top competitors of SofTech?
SofTech's top competitors include Nano Dimension, Arena Solutions and Sopheon.
How many acquisitions has SofTech made?
SofTech has made 1 acquisition, including Workgroup.
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