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 ($)
$12.0MDec 2009
$27.0MJun 2000
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)
Netformx Business
Business models
B2B
Product stage
Released
Employees
11-50
Sector
Business SoftwareIT, R&D & Data SolutionsData Analysis & Decision SupportTarget Customer
Enterprise & Professional ServicesCore Technology
Data StorageCloudPlatforms & InterfacesSoftwareTags (8)
software-applicationssaassalesservice-providerscloudcrmitenterprise-solutionsGeographic Markets
IsraelAsiaUnited StatesAmericasNetformx Financials
$27M
Total funding
Undisclosed
Capital raised
$12M
Last funding
Acquired
Funding stage
2
Total rounds
10
Investors
Cumulative Funding Raised Over Time ($)
$12.0MDec 2009
$27.0MJun 2000
Private Equity Funding
Undisclosed Round
Dec 2009
$12M
Susquehanna Growth Equity, Valley Venture Capital
B Round
Jun 2000
$15M
Concord Ventures, TOYO Corporation, Mofet Technology Fund, Mofet Venture Capital, Poalim Ventures, Ampal-American Israel, Evergreen Group, Sadot Research and Development
Public Offering / Exit
MNAEvent
Dec 2021
Undisclosed
Netformx Lifecycle
Cumulative Funding Raised Over Time
$12.0MDec 2009
$27.0MJun 2000
All Events
Undisclosed Round
Dec 2009
$12M
Susquehanna Growth Equity, Valley Venture Capital
B Round
Jun 2000
$15M
Concord Ventures, TOYO Corporation, Mofet Technology Fund, Mofet Venture Capital, Poalim Ventures, Ampal-American Israel, Evergreen Group, Sadot Research and Development
MNAEvent
Dec 2021
Undisclosed
Netformx News
8 articles
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
growth-positive
Provide Data to Smart Net Total Care Through the Netformx Collector
The article provides instructions on how to discover, collect, and upload inventory and device data to the Cisco Smart Net Total Care portal using the Netformx DesignXpert application. The impact on Cisco is growth-positive as it allows for better inventory management and analysis. The key theme of the article is inventory management. The key issues discussed in the article are customers and partners. The article does not mention any specific customers or partners. The date of the event described in the article is not provided. My confidence in the answer is 8/10.
CustomersPartners
N/A
Private Stock Deals
The article does not provide any information or context about a specific company or event.
N/A
Xconomy: Netformx Secures $12,000,000 New Funding Round
The article does not provide any specific information about Informa PLC.
Netformx Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 45 |
| Team members | 3 |
Similar Companies
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This entity has 10 classification IDs that could be used for matching.
Netformx Internal
Recent Updates
No update log entries.
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Admin Info
| Confidence | 93/100 |
| Missing | markets, not claimed |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 511915688 |
| Crunchbase | netformx |
| Phone | +97236444670 |
| Last updater | Dana Arnon |
| Updater email | dana.arnon@mail.huji.ac.il |
| Last update | 2022-09-20T00:00:00.000Z |
| Created | 2015-01-27T00:00:00.000Z |
| Status detail | Acquired by Orchestra Group on Dec, 2021 |