PowerTech Group
Latest round
- Series B
Last raised
- Jan 2002
Total raised
- $4.3M
Investors
- 3
About PowerTech Group
PowerTech Group Inc.PowerTech Group Inc. develops cybersecurity products focused on IBM i systems and was acquired by Help/Systems, a portfolio company of Audax Group, in August 2008. The company is headquartered in Eden Prairie, US.30 mn.PowerTech offers a comprehensive suite of cybersecurity products designed for IBM i, Linux, and AIX systems. Key offerings include Powertech Antivirus, Powertech SIEM Agent, and Powertech Multi-Factor Authentication, which help organizations protect their data from malware, monitor system integrity, and manage user access, ensuring compliance with regulations such as PCI DSS and HIPAA.PowerTech generates revenue primarily through the sale of cybersecurity products and services, which are often structured as subscription-based models or licensing agreements. Clients typically purchase annual subscriptions for software licenses, benefiting from ongoing updates and support, which fosters a recurring revenue stream.Looking ahead, PowerTech is focused on developing new products to address emerging cybersecurity threats and plans to expand its market presence in Europe and Asia by 2025.
Who invested in PowerTech Group
3 investors across 1 round
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Funding rounds
Series B
Jan 15, 2002
Amount
$4.3M
Investors
Questions about PowerTech Group
Who invested in PowerTech Group?
PowerTech Group has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has PowerTech Group raised?
PowerTech Group has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did PowerTech Group last raise money?
PowerTech Group's most recent round on record is a Series B, in Jan 2002.
What does PowerTech Group do?
PowerTech Group is a software company.
Where is PowerTech Group headquartered?
PowerTech Group is headquartered in Eden Prairie, US.
Which VCs invest in companies like PowerTech Group?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at PowerTech Group's stage. Their profiles are linked below.
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