Sageworks
| File:Sageworks logo.jpeg | |
| Industry | Computer Software and Information Technology |
|---|---|
| Founded | 1998 |
| Founders | Brian Hamilton, Sarah Tourville |
| Headquarters | Raleigh, North Carolina, USA |
Key people | Brian Hamilton, Chairman Scott Ogle, CEO |
| Website | www |
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.[1] Hamilton and Tourville started the company in a business incubator in Research Triangle Park, North Carolina.[citation needed] Its second location was subsequently opened in New York City.[2] Scott Ogle was named chief executive officer in 2013.[3]
Products and services
Sageworks provides a software subscription services that provides users with access to financial data from private companies.[citation needed] It also uses this data to create the Sageworks private company indicator, which shows private-company sales growth and profit margins.[4] It also issues aggregate information about average profitability of private firms in various industries.[5][6]
According to [7], Sageworks does not obtain data from the business data owners because it could raise selection concerns. Instead, it collects the data from professional advisers of these firms, such as accountants.
Sageworks Terms of Use [8] state that it reserves the right to use and sell customer provided data as it sees fit. The Terms of Use also include an indemnity clause seeking to shield Sageworks from responsibility in the event of legal action arising out of Sageworks use and sale of private business data.