PROFILE |
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Changepoint has a point to prove -- change is good. The company provides software designed to improve the delivery of information technology (IT) services. Its Web-based process automation software allocates resources, coordinates ongoing projects, and manages time and expense invoicing. The company also operates myChangepoint.com, an online exchange where companies can access a hosted version of Changepoint software and connect with buyers and sellers of IT services. Customers include BellSouth, Dell, and FedEx. Strategic partners include Corio, Great Plains, and webMethods. Canadian VC firm VenGrowth owns 25% of Changepoint.
COMPETITION |
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Evolve Software, Inc. (EVLV)
Niku Corporation (NIKU)
Primavera Systems, Inc. (dossier)
DEALS |
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Deal: Changepoint Raises $25.7 Million
Date Announced: 06.13.00
Value of transaction (US $Mil): 25.7
Description: IT-services supply-chain management firm raises fourth-round funding from seven Canadian venture firms.
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FINANCIAL OVERVIEW |
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Fiscal Year-End: July
1999 Sales (mil.): 5.90
1-Yr. Sales Growth: 55.9%
Employees: 145
Revenue per employee: $40,689.66
KEY PEOPLE |
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Gerald W. Smith
CEO
John A. Anhang
CFO
CONTACT INFO |
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1595 16th Ave., Ste. 700
Richmond Hill Ontario L4B 3N9, Canada
Phone: 1-905-886-7000
Fax: 1-905-886-7023
Online: Web Site
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