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Teamwork (project management)

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Teamwork Crew Ltd.
Company typePrivately held company
Industry
Founded1 January 2007; 17 years ago (2007-01-01), in Blackpool, Cork, Ireland.[1]
Founder
  • Peter Coppinger
  • Daniel Mackey[2]
Headquarters
Teamwork Campus One Blackpool, Cork
,
Ireland
Number of locations
3[3]
Area served
Global
Products
  • Teamwork Projects[4]
  • Teamwork Desk[5]
  • Teamwork Chat[6]
  • Teamwork Spaces[7]
  • Teamwork CRM[8]
ServicesWeb applications
Number of employees
270 (2021)[9]
Websitewww.teamwork.com

Teamwork is an Irish, privately owned, web-based software company headquartered in Cork, Ireland. Teamwork creates task management and team collaboration software. Founded in 2007, as of 2016 the company stated that its software was in use by over 370,000 organisations worldwide (including Disney, Spotify and HP),[10] and that it had over 2.4m users.[11]

Company history

Peter Coppinger and Dan Mackey founded a company, Digital Crew, in 2007. This company built websites, intranets and custom web-based solutions for clients in Cork, Ireland. Frustrated by whiteboards and software management tools, Coppinger wanted a software system that would help manage client projects and which would be easy-to-use and generic enough to be used by different types of companies. Originally 37signals Basecamp users themselves, Coppinger and Mackey were frustrated by the limited feature set and by Basecamp's apparent inaction on their feedback.[12][13] In October 2007, Coppinger and Mackey launched Teamwork Project Manager, nicknamed TeamworkPM. In March 2015, this was renamed as Teamwork Projects.[14]

In 2014, after two years of negotiations, TeamworkPM bought the domain name 'Teamwork.com' for US$675,000 (€500,000).[15] At the time this was one of the most expensive domain name purchases by an Irish company, and involved the transfer of a domain name which had been dormant since it was first acquired by the original owner in 1999.[16][17]

In 2015, Teamwork was named by Gartner to be one of their "Cool Vendors" in the Program and Portfolio Management Category.[18] This was followed by the launch of a new real-time messaging product, Teamwork Chat, in January 2015. In June 2015, the company announced a drive to recruit for 40 positions by the end of the year.[17] This was followed by the announcement that the company was investing more than €1 million in a new office,[19] and had leased office space in Park House, Blackpool.[20]

In June 2016, Teamwork undertook a further recruitment drive to entice developers to Cork.[21]

In July 2021, the company announced has raised an investment of $70 million (€59.1 million)[22] from venture capital firm Bregal Milestone to fund further growth.

Products

Co-Founders, Peter Coppinger and Daniel Mackey, pictured with Cork Company of the Year Award 2016 for best SME.
Co-Founders, Peter Coppinger and Daniel Mackey, pictured with Cork Company of the Year Award 2016 for best SME.

Teamwork markets a number of cloud-based applications, including Teamwork, Teamwork Desk, Teamwork Spaces, Teamwork CRM and Teamwork Chat.[23] Teamwork was launched on 4 October 2007, at which time it had time management, milestone management, file sharing, time tracking, and messaging features.[24]

Teamwork's platform reportedly integrates with martech software like HubSpot,[25] as well as other productivity tools like Slack,[26] G Suite,[27] MS Teams, Zapier, Dropbox and QuickBooks.[28]

Awards

  • In 2016, Teamwork was awarded Cork's Best SME in the Cork Chamber of Commerce "Company of the Year" awards.[29]
  • In 2016, Teamwork was named number 7 in Deloitte's Fast 50 tech companies hit €1.6bn turnover.[30]
  • In 2015, Teamwork was identified as a Gartner "Cool Vendor" in the Program and Portfolio Mangagement Category.[31]

See also

References

  1. ^ "Teamwork duo take on world No 1 Basecamp for $100m prize pot". independent.ie. Retrieved 1 September 2016.
  2. ^ "Cork software company Teamwork raises $70m". IrishTimes. Retrieved 27 October 2021.
  3. ^ "Contact Us Teamwork". Teamwork.com. 13 September 2021. Retrieved 13 September 2021.
  4. ^ "The Work and Project Management App Loved by Professionals". Teamwork.com. Retrieved 1 September 2016.
  5. ^ "Helpdesk Software That Delivers Happiness". Teamwork.com. Retrieved 1 September 2016.
  6. ^ "Built for Better Teamwork". Teamwork.com. Retrieved 1 September 2016.
  7. ^ "Knowledge Base Software". Teamwork.com. Retrieved 13 January 2021.
  8. ^ "CRM Software". Teamwork.com. Retrieved 13 January 2021.
  9. ^ "Cork based Teamwork raised $70m in funding". rte.ie. RTÉ News. 6 July 2021. Retrieved 5 August 2021.
  10. ^ "The Irish software firm used by Disney are looking for developers to move to Cork". newstalk.com. Retrieved 7 June 2016.
  11. ^ "Start-up Advice: Peter Coppinger, Teamwork.com". Silicon Republic. 10 May 2016. Retrieved 24 May 2016.
  12. ^ "Interview with Peter Coppinger 6 March 2017". domainsherpa.com. DomainSherpa.
  13. ^ "Why we moved from Basecamp to TeamworkPM". foliovision.com.
  14. ^ "Teamwork Introduces New Products Desk and Chat". Project-Management.com.
  15. ^ "Irish software company buys Teamwork.com domain for US$675,000". Silicon Republic.
  16. ^ Kennedy, John (22 January 2014). "Irish software company buys Teamwork.com domain for US$675,000 - Enterprise | siliconrepublic.com - Ireland's Technology News Service". Silicon Republic. Retrieved 23 May 2016.
  17. ^ a b "Cork-based company Teamwork.com set for rapid expansion". The Irish Times. Retrieved 23 May 2016.
  18. ^ "Blog - Cascade named a cool vendor 2015 by Gartner". executestrategy.net. Archived from the original on 3 May 2016. Retrieved 23 May 2016.
  19. ^ "Teamwork invests €1 million in office expansion - The Sunday Business Post". The Sunday Business Post. 14 February 2016. Retrieved 24 May 2016.
  20. ^ "Tech firm leasing three floors". The Irish Times. Retrieved 23 May 2016.
  21. ^ "The Irish software firm used by Disney are looking for developers to move to Cork". newstalk.com. Retrieved 7 June 2016.
  22. ^ "Cork software company Teamwork raises $70m". irishtimes.com. Irish Times.{{cite web}}: CS1 maint: url-status (link)
  23. ^ "Make Work More Efficient with Teamwork Products". teamwork.com.{{cite web}}: CS1 maint: url-status (link)
  24. ^ "Teamwork Features | G2". G2.com.{{cite web}}: CS1 maint: url-status (link)
  25. ^ "Teamwork HubSpot Integration | Connect Them Today". ecosystem.hubspot.com.{{cite web}}: CS1 maint: url-status (link)
  26. ^ "Teamwork | Slack App Directory". slack.com. Retrieved 17 August 2021.{{cite web}}: CS1 maint: url-status (link)
  27. ^ "G Suite Single Sign-On". Teamwork.com.{{cite web}}: CS1 maint: url-status (link)
  28. ^ "QuickBooks Online Integration – How to Set Up Your Connection". Teamwork.com.{{cite web}}: CS1 maint: url-status (link)
  29. ^ "Company of The Year Awards 2016 - Part 2: Nominees in the SME category". www.irishexaminer.com. Retrieved 25 May 2016.
  30. ^ "Top 50 Irish tech companies hit €1.6bn turnover". www.independent.ie. Retrieved 7 November 2016.
  31. ^ "Teamwork Named Gartner Cool Vendor 2015". blog.teamwork.com. Archived from the original on 2 March 2019. Retrieved 23 June 2015.
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