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The company received $5 million in series A funding from [[Austin Ventures]] in June 2006.<ref name="informationweek2006">{{cite web|url=http://www.informationweek.com/spiceworks-introduces-free-ad-supported-it-management-software/d/d-id/1045553?|title=Spiceworks Introduces Free, Ad-Supported IT Management Software|date=25 July 2006|publisher=UBM Tech, InformationWeek|author=Thomas Claburn|accessdate=22 July 2014}}</ref> Spiceworks' series B funding round was completed in August 2007 and included $8 million from [[Shasta Ventures]] and Austin Ventures.<ref name="techcrunch2007">{{cite web|url=http://techcrunch.com/2007/08/27/spiceworks-raises-8-million-google-adsense-even-supports-it-software/|title=SpiceWorks Raises $8 Million; Google Adsense Even Supports IT Software|date=27 August 2007|publisher=Tech Crunch|author=Nick Gonzalez|accessdate=22 July 2014}}</ref> The company's $18 million series C funding round in January 2010 was headed by [[Institutional Venture Partners]].<ref name="techcrunch2010">{{cite web|url=http://techcrunch.com/2010/01/11/spiceworks-is-becoming-the-facebook-for-it-managers-raises-16-million-series-c/|title=Spiceworks Is Becoming The Facebook For IT Managers; Raises $16 Million Series C|date=11 January 2010|publisher=Tech Crunch|author=Leena Rao|accessdate=22 July 2014}}</ref> In April 2011, Spiceworks received $25 million in series D funding from Adams Street Partners and [[Tenaya Capital]]<ref name="austinbizjournal2011">{{cite web|url=http://www.bizjournals.com/austin/news/2011/04/28/spiceworks-snags-25m-to-expand-network.html|title=Spiceworks snags $25M to expand network|date=28 April 2011|publisher=Austin Business Journal|author=Christopher Calnan|accessdate=22 July 2014}}</ref> and a 2014 series E financing round worth $57 million led by [[Goldman Sachs]].<ref name="venturebeat2014" />
The company received $5 million in series A funding from [[Austin Ventures]] in June 2006.<ref name="informationweek2006">{{cite web|url=http://www.informationweek.com/spiceworks-introduces-free-ad-supported-it-management-software/d/d-id/1045553?|title=Spiceworks Introduces Free, Ad-Supported IT Management Software|date=25 July 2006|publisher=UBM Tech, InformationWeek|author=Thomas Claburn|accessdate=22 July 2014}}</ref> Spiceworks' series B funding round was completed in August 2007 and included $8 million from [[Shasta Ventures]] and Austin Ventures.<ref name="techcrunch2007">{{cite web|url=http://techcrunch.com/2007/08/27/spiceworks-raises-8-million-google-adsense-even-supports-it-software/|title=SpiceWorks Raises $8 Million; Google Adsense Even Supports IT Software|date=27 August 2007|publisher=Tech Crunch|author=Nick Gonzalez|accessdate=22 July 2014}}</ref> The company's $18 million series C funding round in January 2010 was headed by [[Institutional Venture Partners]].<ref name="techcrunch2010">{{cite web|url=http://techcrunch.com/2010/01/11/spiceworks-is-becoming-the-facebook-for-it-managers-raises-16-million-series-c/|title=Spiceworks Is Becoming The Facebook For IT Managers; Raises $16 Million Series C|date=11 January 2010|publisher=Tech Crunch|author=Leena Rao|accessdate=22 July 2014}}</ref> In April 2011, Spiceworks received $25 million in series D funding from Adams Street Partners and [[Tenaya Capital]]<ref name="austinbizjournal2011">{{cite web|url=http://www.bizjournals.com/austin/news/2011/04/28/spiceworks-snags-25m-to-expand-network.html|title=Spiceworks snags $25M to expand network|date=28 April 2011|publisher=Austin Business Journal|author=Christopher Calnan|accessdate=22 July 2014}}</ref> and a 2014 series E financing round worth $57 million led by [[Goldman Sachs]].<ref name="venturebeat2014" />


===Software===
In July 2006, it released a public beta.<ref name="informationweek2006" /> The 1.0 version of Spiceworks was released in November 2006.<ref name="businesswire2006">{{cite news| title=Spiceworks Launches Version 1.0 of Free IT Management Software for Small and Medium Businesses| date=6 November 2006| publisher=Business Wire}}</ref> It focussed on simplifying the process of taking inventory, monitoring networks, and generating reports for IT professionals at small and medium-sized businesses.<ref name="networkworld2006" /><ref name="informationweek2006" /> By the end of its first year, Spiceworks had 120,000 users.<ref name="americanstatesman2007">{{cite news| last= Ladendorf| first=Kirk| title=Austin firm Spiceworks raises $8 million in venture funds| date=28 August 2007| newspaper=Austin American-Statesman}}</ref>
In July 2006, it released a public beta.<ref name="informationweek2006" /> The 1.0 version of Spiceworks was released in November 2006.<ref name="businesswire2006">{{cite news| title=Spiceworks Launches Version 1.0 of Free IT Management Software for Small and Medium Businesses| date=6 November 2006| publisher=Business Wire}}</ref> It focussed on simplifying the process of taking inventory, monitoring networks, and generating reports for IT professionals at small and medium-sized businesses.<ref name="networkworld2006" /><ref name="informationweek2006" /> By the end of its first year, Spiceworks had 120,000 users.<ref name="americanstatesman2007">{{cite news| last= Ladendorf| first=Kirk| title=Austin firm Spiceworks raises $8 million in venture funds| date=28 August 2007| newspaper=Austin American-Statesman}}</ref>


Revision as of 14:42, 30 April 2017

Spiceworks
Company typePrivate
IndustryComputer software
Founded2006
Headquarters
Austin, Texas
,
United States
ProductsSpiceworks IT Desktop
Websitewww.spiceworks.com

Spiceworks is a professional network for the information technology (IT) industry that is headquartered in Austin, Texas.[1][2][3] The company was founded in January 2006 by Scott Abel, Jay Hallberg, Greg Kattawar, and Francis Sullivan to build IT management software.[2][4]

Spiceworks is an online community where users can collaborate and seek advice from one another, and also engage in a marketplace to purchase IT-related services and products.[5] The network is estimated to be used by more than six million IT professionals and 3,000 technology vendors.[6]

The company's free proprietary software is written in Ruby on Rails,[7] and runs exclusively on Microsoft Windows.[8] The software discovers IP-addressable devices and includes help desk functionality and an integrated knowledge base.[9]

History

Founding

The company was formed in January 2006 by Scott Abel, Jay Hallberg, Greg Kattawar and Francis Sullivan,[3] former executives at Motive.[4][10][11]The group had originally gathered in 2005, envisioning a social methodology in which to do IT.

Funding

The company received $5 million in series A funding from Austin Ventures in June 2006.[12] Spiceworks' series B funding round was completed in August 2007 and included $8 million from Shasta Ventures and Austin Ventures.[13] The company's $18 million series C funding round in January 2010 was headed by Institutional Venture Partners.[14] In April 2011, Spiceworks received $25 million in series D funding from Adams Street Partners and Tenaya Capital[15] and a 2014 series E financing round worth $57 million led by Goldman Sachs.[5]

Software

In July 2006, it released a public beta.[12] The 1.0 version of Spiceworks was released in November 2006.[16] It focussed on simplifying the process of taking inventory, monitoring networks, and generating reports for IT professionals at small and medium-sized businesses.[4][12] By the end of its first year, Spiceworks had 120,000 users.[17]

The company released the 2.0 version of its software in December 2007.[18] Subsequent versions followed, leading up to version 7.0 in 2013.[19] The company released a free network monitor product in December 2014.[20]

In 2012, it opened its European headquarters in London, England.[21]

The company celebrated its tenth anniversary in January 2016 and announced plans to add 100 additional employees during the year.[22] However, those plans were changed and in June 2016 the company announced that it was laying off approximately 12 percent of its workforce.[23] In addition to the layoffs, several employees in leadership positions at Spiceworks left the company to join former CEO Scott Abel in founding a new startup, Resly Labs.[24][25]

Business model

Spiceworks offers its professional network and software free to users.[1][11][26] The company generates most of its revenue through the sale of ads displayed on its network.[1] A small percentage of its revenue is generated through purchases of IT products and services made through the Spiceworks platform.[5] The platform also includes premium features, which are available for purchase.[5]

Spiceworld

Spiceworks has hosted SpiceWorld, a conference for its users, every year since 2008.[11][27] The conference was originally held at the Alamo Drafthouse movie theater.[27] The conference later moved to the AT&T Executive Education & Conference Center at the University of Texas. SpiceWorld 2013 and 2014 were held at the Austin Convention Center.[27][28] The first SpiceWorld London took place in May 2012 in Vinopolis in London's Bankside.[29]

Awards and recognition

See also

References

  1. ^ a b c Hawkins, Lori (4 February 2014). "Austin firm gets big boost: Tech firm gets new backers". Austin American-Statesman. Austin, TX.
  2. ^ a b Ben Pimentel (10 February 2014). "Introducing Spiceworks: A social network for techies, IT professionals". MarketWatch. Retrieved 22 July 2014.
  3. ^ a b AMY MCCULLOUGH (3 February 2014). "Spiceworks Pioneers the Social Way to Do IT and Gets $57 Million Funding". Silicon Hills. Retrieved 22 July 2014.
  4. ^ a b c Denise Dubie (21 July 2006). "Start-up offers free management tool – with a Google twist". Network World. Retrieved 22 July 2014.
  5. ^ a b c d Eric Blattberg (3 February 2014). "Spiceworks scores $57M to reach the next 5 million IT pros". VentureBeat. Retrieved 22 July 2014.
  6. ^ Ken Hess (September 29, 2014). "It's unanimous: The Spiceworks App Center is a hit". ZDNet. Retrieved January 20, 2015.
  7. ^ Justin James (4 December 2006). "Spiceworks: Rapid Ruby, Customer Focus, and Starting a Company". Tech Republic.
  8. ^ "Welcome to the Spiceworks Community: Spiceworks Requirements". Spiceworks.
  9. ^ How the scan works "Welcome to the Spiceworks Community: Help and Documentation". Spiceworks. {{cite web}}: Check |url= value (help)
  10. ^ Klint Finley (5 November 2012). "Spiceworks Woos IT Admins With Free Everything". Wired. Retrieved 22 July 2014.
  11. ^ a b c Susanna Hamner (5 March 2009). "Reaching Tech Folks on Their Turf". New York Times. Retrieved 22 July 2014.
  12. ^ a b c Thomas Claburn (25 July 2006). "Spiceworks Introduces Free, Ad-Supported IT Management Software". UBM Tech, InformationWeek. Retrieved 22 July 2014.
  13. ^ Nick Gonzalez (27 August 2007). "SpiceWorks Raises $8 Million; Google Adsense Even Supports IT Software". Tech Crunch. Retrieved 22 July 2014.
  14. ^ Leena Rao (11 January 2010). "Spiceworks Is Becoming The Facebook For IT Managers; Raises $16 Million Series C". Tech Crunch. Retrieved 22 July 2014.
  15. ^ Christopher Calnan (28 April 2011). "Spiceworks snags $25M to expand network". Austin Business Journal. Retrieved 22 July 2014.
  16. ^ "Spiceworks Launches Version 1.0 of Free IT Management Software for Small and Medium Businesses". Business Wire. 6 November 2006.
  17. ^ Ladendorf, Kirk (28 August 2007). "Austin firm Spiceworks raises $8 million in venture funds". Austin American-Statesman.
  18. ^ "Spiceworks 2.0". Unofficial Spiceworks. December 2007. Retrieved 22 July 2014.
  19. ^ "Spiceworks 7.0 Release Notes". Spiceworks. 2014. Retrieved 22 July 2014.
  20. ^ Adrian Bridgwater (December 17, 2014). "Spiceworks free Network Monitor system health check". Computer Weekly. Retrieved January 20, 2015.
  21. ^ Rushton, Katherine (4 February 2014). "Facebook for IT staff' raises $57m ahead of possible IPO; Spiceworks to invest in increasing its audience from 5m users every month, before embarking on the likely flotation". Telegraph.
  22. ^ lalorek. "Spiceworks Turns 10 and Plans to Add 100 Employees This Year". Retrieved 6 November 2016.
  23. ^ lalorek. "Spiceworks Cuts 12 Percent of its Workforce". Retrieved 6 November 2016.
  24. ^ Inc, Umuse. "Umuse: Making work simple again". Retrieved 6 November 2016. {{cite web}}: |last= has generic name (help)
  25. ^ "Portfolio". Retrieved 6 November 2016.
  26. ^ VAUHINI VARA (27 March 2007). "Companies Tolerate Ads to Get Free Software". Wall Street Journal. Retrieved 22 July 2014.
  27. ^ a b c Christopher Calnan (30 October 2013). "Spiceworks' global influence on display at SpiceWorld in Austin". Austin Business Journal. Retrieved 22 July 2014.
  28. ^ Susan Lahey (September 25, 2014). "SpiceWorld App Center Announced at Austin Conference". Silicon Hills. Retrieved January 20, 2015.
  29. ^ Sophie Curtis (1 December 2011). "Spiceworks to open European headquarters in London". Tech World. Retrieved 22 July 2014.
  30. ^ "Spiceworks 1.5". Retrieved 6 November 2016.
  31. ^ Spiceworks named IT Solution of the Year – AllBusiness.com
  32. ^ "Spiceworks Named InformationWeek Startup 50 Company - @CloudExpo". Retrieved 6 November 2016.
  33. ^ Limited, Elemental Communications. "Press Releases - Spiceworks Named Top 10 B-to-B Web Site by BtoB Magazine". Retrieved 6 November 2016. {{cite web}}: |last= has generic name (help)
  34. ^ "Spiceworks Wins PCMag.com Best of 2010 Award - Business Wire". Retrieved 6 November 2016.
  35. ^ "Spiceworks Wins Six Windows IT Pro Editors' Best and Community Choice Awards". Retrieved 6 November 2016.
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