# Abridean

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/abridean

- Industry: Software
- Headquarters: Halifax, Canada
- Website: www.abridean.com
- Total disclosed funding: $4M
- Latest round: Series B (Sep 15, 2003)
- Investors on record: 1

## About

Abridean is a technology firm specializing in advanced solutions that enhance operational efficiency across various industries through innovative software platforms designed for data management and analytics.Founded in 2000 in Halifax, Canada, Abridean focuses on providing technological solutions that optimize business operations. In October 2010, Abridean was acquired by nCipher, Inc. for USD 17.9 mn. The company has completed a total of 3 deals, with the most recent deal taking place on October 21, 2005. The founder's history is not detailed in the provided information.The company primarily offers a suite of advanced technological solutions designed to enhance operational efficiency across various industries. Its core product line includes innovative software platforms and tools that facilitate data management, streamline workflows, and enable real-time analytics. These products are engineered to address specific challenges faced by businesses, such as optimizing resource allocation, improving data accuracy, and enhancing decision-making processes. The solutions cater to a diverse clientele, including enterprises in sectors such as finance, healthcare, and logistics, with end users ranging from operations managers to data analysts. The company's products are distributed in key geographical markets, including North America, Europe, and parts of Asia, reflecting a strategic focus on regions with robust demand for digital transformation and operational excellence.The company generates revenue through a structured model that includes subscriptions for its software platforms, as well as partnerships with resellers and integrators. Clients typically engage with the firm via annual or multi-year licensing agreements, providing them access to the full suite of products and ongoing support. Transaction structures may involve a combination of direct sales to businesses and collaborative arrangements with industry partners to expand market reach. Flagship services are available at tiered pricing plans, tailored to meet the varying needs of small, medium, and large enterprises. This pricing strategy ensures that clients can select the best-fit solutions for their operational requirements while fostering long-term relationships based on value and support.Following the acquisition by nCipher, Inc. in October 2010, Abridean intends to leverage its resources for future growth initiatives. The company is currently designing new products aimed at further enhancing operational efficiency, with plans to launch these innovations in the upcoming fiscal year. Additionally, Abridean is targeting expansion into new markets in Asia and Europe by the end of 2023. The recent funding will be utilized to support these development and expansion efforts, ensuring the company can continue to meet the evolving needs of its clientele.

## Funding rounds

- Series B, Sep 15, 2003, $4M — Rising Tide

## Investors

- Rising Tide — Series B