BitRhymes Inc.

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

BitRhymes Inc. - overview

Established

2008

Location

Foster City, CA, US

Primary Industry

Software

About

BitRhymes Inc. is a technology firm focused on delivering innovative software solutions designed to improve operational efficiency across various industries including healthcare, finance, and logistics. Founded in 2008, BitRhymes Inc. is headquartered in Foster City, US.


The company specializes in creating software applications that enhance data management and streamline workflows. In March 2014, BitRhymes Inc. was acquired by Game Show Network for USD 165 mn. The firm has successfully completed three deals in total, with the most recent transaction occurring during its acquisition.


The founder's history is not detailed in the available information. BitRhymes Inc. specializes in delivering innovative solutions tailored to meet the needs of its diverse client base. Its core offerings include a suite of software applications designed to enhance operational efficiency across various industries, with specific functionalities catering to sectors such as healthcare, finance, and logistics.


These solutions have been meticulously developed to address key challenges faced by end users, such as managing data more effectively and streamlining workflows. The products were released in a phased approach, starting from the initial launch over five years ago, followed by several updates that introduced advanced features based on user feedback. The company serves clients across multiple geographical markets, including North America, Europe, and select regions in Asia-Pacific, ensuring that its products are adapted to local regulatory and operational requirements. Revenue generation for BitRhymes Inc.


is primarily driven through a subscription-based model, where clients engage in annual or monthly contracts for access to the software solutions. This approach allows for predictable cash flow and fosters long-term relationships with clients, who benefit from regular updates and customer support. Additionally, the company may engage in partnerships with key industry players, enabling collaborative offerings that expand its market reach. Clients typically include both B2B and direct-to-consumer segments, with specific pricing plans tailored to different customer needs and usage levels.


Flagship products, known for their robust capabilities, are positioned strategically within the marketplace to cater to high-demand sectors, ensuring alignment with the company’s revenue objectives. As of now, BitRhymes Inc. does not have publicly available information regarding upcoming product launches or specific future market expansion plans. However, the recent acquisition by Game Show Network for USD 165 mn in March 2014 indicates a potential for strategic growth initiatives and market positioning.


The details on how the funding will be utilized to support these initiatives were not disclosed.


Current Investors

Tandem Capital

Primary Industry

Software

Sub Industries

Gaming

Website

www.bitrhymes.com

Company Stage

Acquired

Total Amount Raised

Subscriber access only

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.