# NetEffect

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

- Industry: Business Support Services
- Headquarters: Chesterfield, US
- Website: www.neteffects.com
- Total disclosed funding: $55M
- Latest round: Series C (May 8, 2007)
- Investors on record: 8

## About

NetEffect focuses on providing IT staffing and talent acquisition solutions, offering services that enhance workforce capabilities for businesses across various sectors in the United States.Founded in 1995, NetEffect specializes in IT staffing and talent acquisition solutions. The company is headquartered in Chesterfield, US. In October 2008, Intel Corporation acquired NetEffect for USD 8.00 mn, marking the most recent funding round. The company has completed a total of 5 deals since its inception.NetEffect specializes in IT staffing and talent acquisition solutions, delivering a comprehensive suite of services that includes direct hire placement, IT staffing, the FORCE program, and tailored talent pools and delivery teams. These offerings cater to small and mid-size companies, allowing them to align their human capital strategies with their business objectives. NetEffect provides teams that can be deployed onsite or offsite based on project requirements, focusing on addressing workforce shortages and the demand for specialized technology solutions.NetEffect's revenue model is based on providing IT staffing services and consulting solutions, typically structured around business-to-business transactions. Clients engage the company for staffing needs, often entering agreements for direct hire placements or temporary staffing solutions. Pricing is contingent on the duration of employment and the specific services rendered. The company also generates revenue through project-based contracts for consulting services, helping clients implement tailored technology solutions. NetEffect has established a strong reputation in the St. Louis area, contributing to its ability to attract and retain a diverse client base.NetEffect aims to leverage its recent acquisition by Intel Corporation to expand its services and enhance its market presence. The company plans to develop new products tailored to meet emerging technological needs, with launches anticipated in the next 12 to 24 months. Additionally, it is targeting expansion into new geographic regions, particularly in underserved markets across the Midwest, by 2010. The funding from the acquisition will be utilized to support these initiatives, focusing on product development and market penetration.

## Funding rounds

- Series C, May 8, 2007, $8M — Austin Ventures, Infinity Capital Ventures, TL Ventures, JatoTech Ventures, Granite Ventures, Duchossois Capital Management, TI Ventures
- Series B, Jul 24, 2006, $25M — Austin Ventures, Infinity Capital Ventures, TL Ventures, JatoTech Ventures, Granite Ventures, Duchossois Capital Management, TI Capital
- Series A, May 10, 2004, $22M — Austin Ventures, Infinity Capital Ventures, TL Ventures, JatoTech Ventures, Granite Ventures, Duchossois Capital Management, TI Capital

## Investors

- Austin Ventures (https://capitalatlas.ai/funds/austin-ventures) — Series A, Series B, Series C
- Infinity Capital Ventures (https://capitalatlas.ai/funds/infinity-capital-ventures) — Series A, Series B, Series C
- TL Ventures (https://capitalatlas.ai/funds/tl-ventures) — Series A, Series B, Series C
- JatoTech Ventures (https://capitalatlas.ai/funds/jatotech-ventures) — Series A, Series B, Series C
- Granite Ventures (https://capitalatlas.ai/funds/granite-ventures) — Series A, Series B, Series C
- Duchossois Capital Management (https://capitalatlas.ai/funds/duchossois-capital-management) — Series A, Series B, Series C
- TI Capital — Series A, Series B
- TI Ventures (https://capitalatlas.ai/funds/ti-ventures) — Series C