# Netformx

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

- Industry: Software
- Headquarters: San Jose, US
- Website: www.netformx.com
- Total disclosed funding: $15M
- Latest round: Series B (Jun 28, 2000)
- Investors on record: 9

## About

Netformx, Inc. is a provider of network assessment and management solutions, specializing in tools designed for IT Solution Providers and Managed Service Providers to enhance operational efficiency and customer satisfaction.Founded in 1994 and headquartered in San Jose, US, Netformx, Inc. offers solutions for network management. The company has undergone no significant changes in its business operations. Netformx was acquired by O.I.J Orchestra Group Ltd. in December 2021, although the financial terms were not disclosed. The company has raised a total of USD 12.00 mn through its most recent funding round, which was a GROWTH round led by Susquehanna Growth Equity, with participation from Valley Venture Capital. The company has completed three deals in total.Netformx specializes in providing comprehensive network assessment and management solutions tailored for IT Solution Providers and Managed Service Providers (MSPs). Their core offerings include the Netformx AssetXpert™, ChannelXpert, and the Pipeline Insight Tool (PIT), which collectively enable clients to conduct detailed assessments, generate graphical proposals, and analyze their Cisco business pipeline effectively. These products streamline the process of assessing customer networks, identifying equipment vulnerabilities, and optimizing technology upgrades, catering primarily to IT consultants, engineers, and MSPs across North America, Europe, and Asia-Pacific.Netformx operates on a B2B model, primarily engaging with IT Solution Providers and MSPs through subscription-based software services and partnerships. Their revenue model includes offerings that allow clients to perform network assessments and maximize Cisco rebate opportunities. Clients subscribe to the Netformx Application Suite, which encompasses flagship products like AssetXpert™ and ChannelXpert, designed to facilitate comprehensive network management functions, providing real-time insights and actionable data.Following its acquisition by O.I.J Orchestra Group Ltd., Netformx plans to expand its product offerings and enhance its network analysis capabilities to identify infrastructure issues and vulnerabilities more effectively. The recent funding will support these initiatives, although specific product launch details have not been disclosed. The company is also looking to expand into new geographic regions, particularly focusing on enhancing its presence in Europe and Asia-Pacific.

## Funding rounds

- Series B, Jun 28, 2000, $15M — Concord Ventures, Evergreen Partners, Mofet Technology Fund Management, Valley Venture Capital, Hapoalim Electronic Communications Fund, Sadot Research and Development Fund Ltd, Ampal Industries (Israel) Ltd., Ophir Holdings, Toyo Corporation

## Investors

- Concord Ventures (https://capitalatlas.ai/funds/concord-ventures) — Series B
- Evergreen Partners — Series B
- Mofet Technology Fund Management (https://capitalatlas.ai/funds/mofet-technology-fund-management) — Series B
- Valley Venture Capital — Series B
- Hapoalim Electronic Communications Fund — Series B
- Sadot Research and Development Fund Ltd — Series B
- Ampal Industries (Israel) Ltd. — Series B
- Ophir Holdings — Series B
- Toyo Corporation — Series B