Netformx

Company Overview

Snapshot

Founded in January 1994, Netformx operates with 11–50 employees. The company has secured $27 million in total capital across 2 funding rounds from 10 investors. Netformx was acquired by Orchestra Group in December 2021.

Business overview

Netformx provides a digital enterprise platform designed to enhance revenue and improve the customer buying experience for IT service providers, solution providers, vendors, and distributors. Its core technology includes a CPQ-for-IT application suite that automates the configuration, design, and sales processes for complex multi-vendor solutions, aiming to increase profitability through business intelligence, actionable insights, and automation. The company serves enterprise and professional services markets, operating within the Business Software sector, specifically focusing on IT, R&D & Data Solutions, and Data Analysis & Decision Support.

Strategic signal

In December 2021, Netformx was acquired by Israeli cybersecurity risk management company Orchestra Group. This acquisition significantly expanded Orchestra Group's information security platform and global footprint, leveraging Netformx's expertise in IT sales complexity and profitability optimization. The integration enhances Orchestra's capabilities in network analysis and vulnerability discovery, signaling a strategic move towards a more holistic cyber risk management and operations platform for investors.

Company Intelligence Q&A

What was a significant corporate event for Netformx?

In December 2021, Netformx was acquired by Orchestra Group, an Israeli cybersecurity risk management company. This acquisition aimed to expand Orchestra's information security platform and global footprint.

What is the primary function of Netformx's CPQ-for-IT application suite?

Netformx's CPQ-for-IT application suite offers a streamlined approach to configure, design, and sell complex multi-vendor solutions with enhanced accuracy and speed, ultimately improving profitability for IT solution providers.

Which award did Netformx receive for its VIP Calculator?

In September 2020, Netformx received the 2020 Communications Solutions Product of the Year Award from TMC for its VIP Calculator. This application automates the process of managing Cisco’s Value Incentive Program (VIP).

What was the purpose of the Netformx VIP Calculator upon its launch?

Launched in October 2019, the Netformx VIP Calculator was designed to help channel partners maximize their Cisco Value Incentive Program (VIP) rebates by automating rebate calculations and providing insights into potential payouts.

What new tools did Netformx announce in November 2018?

In November 2018, Netformx announced new sales enablement tools, including the Netformx Margin Analysis Tool and the Netformx Partner Incentive Tool, to help Cisco Partners maximize profitability and increase sales efficiency.