# Facton

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

- Industry: Software
- Headquarters: Potsdam, Germany
- Website: www.facton.com
- Total disclosed funding: $1.9M
- Latest round: Series A (Jun 9, 2006)
- Investors on record: 2

## About

Based in Potsdam, Germany, and founded in 1998 by Alexander M. Swoboda, Facton GmbH provides enterprise product costing solutions that help automotive, engineering, and electronics sectors to identify, automate, and manage costing based in different business areas. The company is an independent business unit within FOG’s portfolio of Smart Manufacturing software companies wherein FOG Software is part of the operating group of Constellation Software., a software developer publicly listed company in Germany. Facton GmbH has locations in Germany such as Potsdam, Dresden, Stuttgart, and Detroit. In 2021, the company was acquired by FOG Software Group.

The company works with businesses in automotive, aerospace, mechanical and medical engineering, high-tech, and electronics sectors, by offering automated management solutions for product costing. The FACTON EPC (Enterprise Product Costing) Suite and services provide digital processing of cost transparency for the product lifecycle, helps compute imputable costs from different departments, and implement software solutions in the cloud. The clients will approach Facton GmbH to find suitable cost management solutions for their business. The company will then offer an appropriate solution to determine the data-based cost attributable per department for product costing.

Facton GmbH generates revenue by offering enterprise product costing solutions to different business sectors such as automotive, aerospace, mechanical and medical engineering, high-tech, and electronics.

FOG Software Group's acquisition will enable the company to provide their customers with optimized digital production and calculation processes. This also provides product cost management capabilities to the company across the entire supply chain.

## Funding rounds

- Series A, Jun 9, 2006, $1.9M — Hasso Plattner Ventures, Extorel

## Investors

- Hasso Plattner Ventures (https://capitalatlas.ai/funds/hasso-plattner-ventures) — Series A
- Extorel — Series A