About Worksoft
Worksoft is a company based in Texas City (United States) founded in 1998 by Linda Hayes was acquired by Marlin Equity Partners in February 2019.. Worksoft has raised $38 million across 6 funding rounds from investors including Marlin Equity Partners, Crescendo Ventures and Austin Ventures. Worksoft has completed 2 acquisitions, including TestFactory and eureQa. Worksoft offers products and services including Capture, Certify, and Continuous Testing Manager. Worksoft operates in a competitive market with competitors including JFrog, NGINX, Sonatype, Progress and CollabNet, among others.
- Headquarter Texas City, United States
- Founders Linda Hayes
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Worksoft, 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
$38 M (USD)
in 6 rounds
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Latest Funding Round
$3 M (USD), Series D
Dec 22, 2009
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Investors
Marlin Equity Partners
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
TestFactory
& 1 more
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Acquired by
Marlin Equity Partners
(Feb 25, 2019)
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Products & Services of Worksoft
Worksoft offers a comprehensive portfolio of products and services, including Capture, Certify, and Continuous Testing Manager. 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.
Tool to dynamically capture and map business processes for automation.
Codeless platform for automating testing and data provisioning.
Manages ongoing testing to predict and resolve issues in workflows.
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Funding Insights of Worksoft
Worksoft has successfully raised a total of $38M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $3 million completed in December 2009. 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 6
- Last Round Series D — $3.0M
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First Round
First Round
(22 Mar 2004)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2009 | Amount | Series D - Worksoft | Valuation |
investors |
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| Nov, 2009 | Amount | Series D - Worksoft | Valuation |
investors |
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| Dec, 2008 | Amount | Series D - Worksoft | 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 Worksoft
Worksoft has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Marlin Equity Partners, Crescendo Ventures and Austin Ventures. 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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Founded Year | Domain | Location | |
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Venture capital investments in Texas-based companies.
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Founded Year | Domain | Location | |
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Global private equity investments are managed by the 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 Worksoft
Worksoft has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include TestFactory and eureQa. 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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Cloud-based automation for cross-browser eCommerce testing is enabled.
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2012 | ||||
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IT consulting and security services are provided to clients.
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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 - Worksoft
| 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 |
Worksoft Comparisons
Competitors of Worksoft
Worksoft 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 JFrog, NGINX, Sonatype, Progress and CollabNet, 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 based suite of devops solutions
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| domain | founded_year | HQ Location |
Open-source internet infrastructure software is provided by NGINX.
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| domain | founded_year | HQ Location |
Cloud based application management platform for developers
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| domain | founded_year | HQ Location |
IDE-based software is provided for application development and management.
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| domain | founded_year | HQ Location |
Enterprise application lifecycle management and version control are provided.
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| domain | founded_year | HQ Location |
Enterprise software release management software provider
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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 Worksoft
Frequently Asked Questions about Worksoft
When was Worksoft founded?
Worksoft was founded in 1998 and raised its 1st funding round 6 years after it was founded.
Where is Worksoft located?
Worksoft is headquartered in Texas City, United States. It is registered at Texas City, Texas, United States.
Who is the current CEO of Worksoft?
Tony Sumpster is the current CEO of Worksoft.
Is Worksoft a funded company?
Worksoft is a funded company, having raised a total of $38M across 6 funding rounds to date.
What does Worksoft do?
Worksoft was founded in 1998 and is headquartered in Texas City, United States. As a global provider in the software sector, operations focus on automated testing and discovery tools for business processes. These tools are utilized across enterprise applications, including web, cloud, big data, mobile, and SAP systems, to support process validation, timeline reduction, and quality improvement in various industries.
Who are the top competitors of Worksoft?
What products or services does Worksoft offer?
Worksoft offers Capture, Certify, and Continuous Testing Manager.
How many acquisitions has Worksoft made?
Worksoft has made 2 acquisitions, including TestFactory, and eureQa.
Who are Worksoft's investors?
Worksoft has 3 investors. Key investors include Marlin Equity Partners, Crescendo Ventures, and Austin Ventures.