Netformx Overview
Netformx specializes in helping IT service providers, solution providers, vendors, and distributors increase revenues and create an improved buying experience for their customers. Netformx aims to accelerate profits for solution providers through the use of powerful business intelligence, actionable insights, collaboration, and automation designed to connect people, information, and processes. The Netformx CPQ-for-IT application suite offers a simpler way to configure, design, and sell complex multi-vendor solutions with greater accuracy and speed while also improving profitability. The companys award-winning solutions are used by more than 2,000 service providers, systems integrators, and technology vendor customers worldwide.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
Israeli cybersecurity co Orchestra acquires Netformx
Israeli cybersecurity risk management company Orchestra Group has acquired Netformx, a company specializing in IT sales complexity and profitability optimization. The acquisition will expand Orchestras information security platform and global footprint. Netformx works with major companies such as Cisco and has thousands of users worldwide. Orchestras vision is to provide a holistic cyber risk management and operations platform, and the synergy with Netformx will enhance their capabilities in network analysis and vulnerability discovery. The acquisition will also allow Orchestra to expand its North American customer base and enhance Netformxs products for existing and new customers. No financial details of the acquisition were disclosed. The article was published on December 12, 2021.
AcquisitionPartnersCustomers
growth-positive
Netformx Wins 2020 Communications Solutions Product of the Year Award for VIP Calculator
Netformx, a leader in IT solutions, has been awarded the 2020 Communications Solutions Products of the Year Award by TMC, a global integrated media company. The award was given to Netformx VIP Calculator, an integral application in the Netformx pre-sales solution suite. The application automates the process of keeping up with Cisco’s comprehensive and continuously evolving Value Incentive Program (VIP). The Netformx Application Suite provides innovative solutions that simplify IT sales complexity and increase seller profitability through automation, optimization, and analytics.
Customers
Logicalis Uses Netformx Partner Incentive Tool to Increase Gross Margins
growth-positive
Netformx VIP Calculator Automatically Analyzes Rebates
Netformx has announced the launch of its newest application, Netformx VIP Calculator, which helps channel partners maximize their Cisco Value Incentive Program (VIP) rebates. The VIP Calculator automates the process of determining rebate amounts and provides insights on potential payouts. This tool allows partners to quickly calculate their anticipated rebate amount, assess the financial value of their investment, and analyze the impact of front-end incentives on back-end rebates. Netformx aims to simplify IT sales complexity and increase seller profitability with its suite of applications. The company has over 2,000 customers in more than 120 countries.
Partners
growth-positive
Netformx Announces New Tools to Efficiently Increase Profit for IT Solution Providers
Netformx has announced new sales enablement tools, including the Netformx Margin Analysis Tool and the Netformx Partner Incentive Tool, designed to help Cisco Partners maximize profitability and increase sales efficiency. The Margin Analysis Tool provides automated cost and sell margin analysis for Cisco Commerce Workspace Estimates, allowing partners to determine end-customer pricing and maximize margins. The Partner Incentive Tool simplifies the analysis of promotions and incentives, optimizing discounts and improving overall deal registration approval potential. Both tools are available starting November 12, 2018. Netformx aims to simplify IT sales complexity and increase seller profitability through its cloud-based CPQ-for-IT suite of applications.
Partners
| Sector | Business Software |
Funding
| Total funding | $27M |
| Last funding | $12M |
| Stage | Acquired |
| Rounds | 2 |
| Investors | 10 |
Team Members
3
Employees: 11-50
Web & Social Links
| Website | www.netformx.com |
| Careers | Careers page |
Locations
Kalischer St 17, Tel Aviv-Yafo, Israel
333 West Santa Clara Street, San Jose, CA 95113, USA
Photos & Videos
2 item(s)
