News and Announcements
Panalitix FY16 Update: $4.5M New Capital Raised, Client Count Increased by 70%, Headed to IPO in 2017
- Published July 26, 2016 4:41PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
In the past 12 months PANALITIX has increased its monthly recurring revenue by 70% to $250K per month. It increased its client count by 70% to 750 Accounting firms. It has released 2 new products and it expanded into the UK and the USA. PANALITIX made 2 acquisitions to KickStart its USA business. It has raised $4.5M in new capital. We are raising capital now as we head to an IPO in 2017.
ABOUT PANALITIX
At PANALITIX we help Accountants in public practice transform businesses. Over the last 20 years, co-founders, Colin Dunn and Rob Nixon, have helped tens of thousands of accountants improve their firm’s operating performance.
Built on a foundation of coaching, content and technology, PANALITIX has created 4 SaaS platforms that help Accounting firms automate their marketing, automate their sales, train their people and automate the delivery of business advisory services. We are targeting 1.27M accounting firms on a global scale. Our average sale price of our subscription is $8,000 per annum per firm.
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