Drake Software Overview
- Year Founded
-
1977
- Status
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Private
- Employees
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1,000
- Latest Deal Type
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Debt
- Financing Rounds
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10
- Investments
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4
Drake Software General Information
Description
Developer of financial software intended to be used by tax preparers. The company provides the tools and resources that tax professionals need, thereby enabling them to build their businesses and attract new clients.
Contact Information
Website
www.drakesoftware.comCorporate Office
- 111 Technology Drive
- Franklin, NC 28734-0186
- United States
Corporate Office
- 111 Technology Drive
- Franklin, NC 28734-0186
- United States
Drake Software Timeline
Drake Software Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Drake Software Comparisons
Industry
Financing
Details
Drake Software Competitors (23)
One of Drake Software’s 23 competitors is Vertex (Software Company), a Corporation company based in King of Prussia, PA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Vertex (Software Company) | Corporation | King of Prussia, PA | ||||
| TaxSlayer | Private Equity-Backed | Augusta, GA | ||||
| Finastra | Private Equity-Backed | London, United Kingdom | ||||
| Wave Financial | Private Equity-Backed | Toronto, Canada | ||||
| ZipBooks | Venture Capital-Backed | Lehi, UT |
Drake Software Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Drake Software Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
Drake Software Investments & Acquisitions (4)
Drake Software’s most recent deal was a Buyout/LBO with TaxACT for . The deal was made on 19-Dec-2022.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| TaxACT | 19-Dec-2022 | Buyout/LBO | Financial Software | ||
| Florie | 24-Nov-2022 | Corporate | Enterprise Systems (Healthcare) | ||
| Tanjo | 01-Jan-2015 | Early Stage VC | Business/Productivity Software | ||
| GruntWorx | 17-Aug-2011 | Merger/Acquisition | Business/Productivity Software |
Drake Software Exits (1)
Drake Software’s most recent exit was on 01-Jan-2015 from Tanjo. The exit was categorized as .
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| Tanjo | 01-Jan-2015 | Completed |
|
Drake Software Affiliates
Subsidiaries (2)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| GruntWorx | Hampton, NH | 2005 | |
| TaxACT | Dallas, TX | 1998 |
Drake Software FAQs
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When was Drake Software founded?
Drake Software was founded in 1977.
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Where is Drake Software headquartered?
Drake Software is headquartered in Franklin, NC.
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What is the size of Drake Software?
Drake Software has 1,000 total employees.
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What industry is Drake Software in?
Drake Software’s primary industry is Financial Software.
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Is Drake Software a private or public company?
Drake Software is a Private company.
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What is Drake Software’s current revenue?
The current revenue for Drake Software is .
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How much funding has Drake Software raised over time?
Drake Software has raised $185M.
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Who are Drake Software’s investors?
Cinven has invested in Drake Software.
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Who are Drake Software’s competitors?
Vertex (Software Company), TaxSlayer, Finastra, Wave Financial, and ZipBooks are some of the 23 competitors of Drake Software.
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