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Sageworks

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Sageworks
File:Sageworks logo.jpeg
IndustryComputer Software and Information Technology
Founded1998
FoundersBrian Hamilton, Sarah Tourville
HeadquartersRaleigh, North Carolina, USA
Key peopleBrian Hamilton, Chairman
Scott Ogle, CEO
Websitewww.sageworks.com

Sageworks is a privately held company incorporated and headquartered in Raleigh, North Carolina. The company collects financial analysis and data on private companies in the U.S. and makes it available for purchase through web based software.

Corporate history

The company was founded in 1998 by Sarah Tourville and Brian Hamilton, the company's current chairman. Hamilton and Tourville started the company in a business incubator in Research Triangle Park, North Carolina. Its second location was subsequently opened in New York City. Scott Ogle was named chief executive officer in 2013.

Products and services

Sageworks pursues two distinct lines of business.

Software Subscriptions

Sageworks provides a software subscription services to its clients. As part of the service, Sageworks collects private company data supplied by its professional adviser customers without the explicit permission being obtained from the business owners.

To collect this data, Sageworks works with a number of large accounting firms and banks that feed data on their corporate clients. As a result, the data is biased toward larger firms.

Data Resale

It also repackages this data to create the Sageworks private company indicator, which shows private-company sales growth and profit margins. It also issues aggregate information about average profitability of private firms in various industries.

References

  1. FORTUNE Small Business.
  2. Crain's New York
  3. Triangle Biz Journal.
  4. Corporate Investment and Stock Market Listing
  5. Fox Business.
  6. Chicago Tribune
  7. "title?". The Wall St Journal. August 23, 2011.

External links

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