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Triple Point Technology
Business Summary
Triple Point Technology is a privately-held software company that specializes in commodities and risk management software. It has offices located in London, Geneva, South Africa, and the Americas. Triple Point Technology was founded in 1993 and is based in Westport, CT.
Overview & Corporate Organization
Basic Information
| Company Tags: | PE Backed VC Backed |
| Year Founded: | 1993 |
| Fiscal Year End: | 12/31 |
| 1YR Revenue Growth Rate: | View % |
| 3YR Revenue Growth Rate (CAGR): | View % |
| 1YR Employee Growth Rate: | View % |
| 3YR Employee Growth Rate (CAGR): | View % |
| City: | Westport |
| State/Province: | Connecticut |
| Country: | United States |
| Website: | www.tpt.com |
Corporate Organization
| Affiliate Companies: | |
| Brands: | Chartering and VesselOps |
| Founders: | Peter Armstrong |
Industry Information
PrivCo Industries (Sector > Industry > Sub-Industry)
| Technology > Software > Financial & Accounting Software |
| Technology > Software > Supply Chain Management & Logistics Software |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Competitors & Comparables
Competitors
| First Data Corporation |
| SunGard Data Systems Inc |
Charts, Financials, and Statistics (Table Format)
Copy & Paste Financials Into Spreadsheet or
| Financial Notes: | |
| * | Triple Point Technology fiscal year end: 12/31 |
Charts, Financials, and Statistics (Graphs)
(Copy and paste into spreadsheet or export all Triple Point Technology financials to Excel and create your own graphs.)
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Triple Point Technology Revenues ($ MM): |
Triple Point Technology Total Employees: |
Triple Point Technology Productivity (Revenue/Employee) ($): |
Mergers & Acquisitions
| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | Mar. 2002 | Completed | Energy Crossroads | Triple Point Technology | Acquisition | Unspecified |
| Details | 2005 | Completed | TradeWell Systems, Inc. | Triple Point Technology | Acquisition | Unspecified |
| Details | Aug. 2006 | Completed | View | View | Acquisition Leveraged Buyout (LBO) | View |
| Details | Sep. 2007 | Completed | View | View | Acquisition | View |
| Details | Jun. 2008 | Completed | View | View | Acquisition | View |
| Details | Jul. 2008 | Completed | View | View | Acquisition | View |
| Details | Jan. 2010 | Completed | View | View | Acquisition | View |
| Details | Jan. 2010 | Completed | View | View | Acquisition | View |
| Details | Nov. 2011 | Completed | View | View | Acquisition | View |
| Details | Dec. 2011 | Completed | View1 | View | Acquisition Leveraged Buyout (LBO) Majority Acquisition | View |
| Details | Jan. 2013 | Completed | View2 | View | Acquisition | View |
| Details | Apr. 2013 | For Sale | View3 | View | Acquisition | View |
| 1 | Welsh, Carson, Anderson & Stowe...Read More → |
| 2 | Terms were undisclosed....Read More → |
| 3 | Triple Point was acquired for...Read More → |
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VC/Funding Activity
| Date | Investor | Round | Investor Type | |
| Aug. 2006 | View | A | Private Equity | |
| Details | Total Round A View | |||
| Total of Funding Shown Above View | ||||
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Detailed Business Description: Triple Point Technology
Overview
Triple Point Technology produces software technology specialized for financial institutions that engage in proprietary trading and for large corporations that need to manage risk. The privately-held company serves these businesses with software that maximizes efficiency, performance, and flexibility in operations. Its clients include UBS, Unilever, SAB Miller, Valero, Vale, and Rio Tinto. Founded in 1993 by Peter Armstrong, Triple Point Technology's Commodity XL product line has grown to include over 10 different products.
Costs
Human Capital: Triple Point Technology has a support team that offers 24 hour live support. The support team provides solutions to technological difficulties. Its sales team focuses on establishing relationships with clients, while its professional services team focuses on implementing and integrating products for clients. The team work directly with clients to ensure that Triple Point Technology's products are integrated seamlessly into the… Continue Reading →
Supplemental Resources
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