# Verdiem Corporation

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

- Industry: Software
- Headquarters: Seattle, US
- Website: www.verdiem.com
- Total disclosed funding: $27M
- Latest round: Series G (Jan 4, 2010)
- Investors on record: 8

## About

Verdiem Corporation offers remote management solutions that enhance IT efficiency by enabling effective computer fleet management, ensuring timely updates, and optimizing energy consumption for organizations.Founded in 2001 and headquartered in Seattle, US, Verdiem Corporation specializes in IT management solutions for computer fleets. The company was acquired by Aptean, Inc., a portfolio company of Vista Equity Partners, in January 2015. The founder's previous entrepreneurial history is not documented. Since its inception, Verdiem has completed a total of 7 deals, with the most recent deal occurring on January 12, 2015. The company has raised a total of USD 4.71 mn during its latest funding round, Series G, with investors including Catamount Ventures and Kleiner Perkins. The current company valuation stands at USD 32.648 mn.Verdiem, as a core offering of IgniteTech, specializes in remote management solutions that empower IT departments to effectively wake and manage computer fleets for essential updates and power optimization. Its primary product allows IT teams to wake devices remotely, ensuring a robust security posture by deploying critical updates without the need for physical access. This solution boasts a success rate of over 95%, significantly surpassing the industry average of 60%. The platform also facilitates energy management by monitoring device energy consumption, thus enabling enterprises to achieve 30-60% reductions in energy costs while supporting sustainability initiatives. Verdiem's clientele spans various sectors, including education, finance, and enterprise technology organizations, primarily in North America and Europe, where the demand for energy-efficient and secure IT operations is growing.Verdiem generates revenue through a structured subscription model that offers multiple tiers of service, including Platinum, Gold, and Standard support options. This model allows clients to choose a level of support that aligns with their operational needs, enhancing customer satisfaction and loyalty. The company’s flagship products are offered as part of these support tiers, ensuring that clients receive tailored consulting services, implementation assistance, and priority issue resolution. Transactions typically occur in a B2B context, where enterprises subscribe to Verdiem’s solutions to enhance their IT operations. While specific pricing has not been disclosed, clients engage with Verdiem through annual contracts that include ongoing access to its software and consulting services, thereby establishing a stable revenue stream for the company.Verdiem plans to leverage its recent funding to enhance its product offerings and expand its market presence. The company is currently developing new features for its existing remote management solutions, with expected releases targeted for late 2023. Additionally, Verdiem aims to penetrate new geographic regions, specifically targeting growth in the European market by 2024. The recent funding will support these initiatives, enhancing product development and marketing efforts, to meet the increasing demand for secure and energy-efficient IT solutions.

## Funding rounds

- Series G, Jan 4, 2010, $4.7M — Kleiner Perkins, Catamount Ventures
- Series F, Mar 31, 2008, $12M — Kleiner Perkins, Phoenix Partners, Catamount Ventures, NCD Investors
- Series D, Jul 16, 2007, $8.3M — Kleiner Perkins, Phoenix Partners, Catamount Ventures, Northgate Capital, The Westly Group, Angeleno Group, Falcon Technology Partners
- Series C, Aug 1, 2005, $2M — Catamount Ventures, Angeleno Group

## Investors

- Catamount Ventures (https://capitalatlas.ai/funds/catamount-ventures) — Series C, Series D, Series F, Series G
- Angeleno Group (https://capitalatlas.ai/funds/angeleno-group) — Series C, Series D
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series D, Series F, Series G
- Phoenix Partners — Series D, Series F
- Northgate Capital (https://capitalatlas.ai/funds/northgate-capital) — Series D
- The Westly Group (https://capitalatlas.ai/funds/the-westly-group) — Series D
- Falcon Technology Partners (https://capitalatlas.ai/funds/falcon-technology-partners) — Series D
- NCD Investors — Series F