# OpenQ

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

- Industry: Medical Devices & Equipment
- Headquarters: Charlottesville, US
- Website: www.openq.com
- Total disclosed funding: $8M
- Latest round: Series B (Jul 14, 2011)
- Investors on record: 2

## About

OpenQ Inc. provides innovative software solutions aimed at enhancing operational efficiency for businesses across various industries, including finance and healthcare.Founded in 2006 by Andrew OBrien and Jim Zuffoletti in Charlottesville, US, OpenQ Inc. specializes in operational software. The company has undergone a significant change, being acquired by Anju Software in April 2017. OpenQ has successfully completed 4 funding deals, with a total amount raised of USD 5.50 mn, primarily through its latest funding round, Series B, led by Harbert Management Corporation alongside Grotech Ventures.OpenQ Inc. is focused on delivering a suite of software tools designed to enhance operational efficiency for businesses. Their offerings target critical challenges such as data management and customer engagement, serving primarily mid-sized to large enterprises across sectors like retail, finance, and healthcare. The applications are designed to integrate with existing systems, providing real-time analytics and improved workflow capabilities, available in key markets such as North America, Europe, and parts of Asia.OpenQ operates a subscription-based revenue model, where clients pay recurring fees for access to its software and services. This approach enables predictable revenue streams and strong customer retention, supported by continuous updates. The company also engages in B2B partnerships, offering tailored solutions that align with industry standards and reflect its mission to deliver value to its diverse clientele.OpenQ Inc. is set to expand its product offerings with new software solutions aimed at enhancing functionality and user experience. Plans are in place to target new geographic markets, particularly in Europe and Asia, by 2024. The recent funding of USD 5.50 mn will be utilized to support these initiatives, particularly in product development and market entry strategies following the acquisition by Anju Software.

## Funding rounds

- Series B, Jul 14, 2011, $5.5M — Grotech Ventures, Harbert Management
- Series A, Sep 11, 2009, $2.5M — Grotech Ventures

## Investors

- Grotech Ventures (https://capitalatlas.ai/funds/grotech-ventures) — Series A, Series B
- Harbert Management (https://capitalatlas.ai/funds/harbert-management) — Series B