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Activate Networks
Activate Networks develops RealConnect™, a social network analytics platform for businesses to identify the health behavior of consumers
About Activate Networks
Activate Networks, Inc. operated as a specialized provider of network analytics technology, with a primary focus on the healthcare and life sciences sectors. The company was founded in 2009 and developed software and social network analytics to enable its clients to map and understand the connections within professional communities.
The core of Activate Networks' offering was a proprietary algorithm, which originated from social science research at Harvard University. This technology was designed to analyze real-world data to identify influential leaders and communities within a given network. For its biopharma and medical technology clients, this meant rapidly and accurately mapping physician networks to pinpoint doctors who could significantly influence the adoption and utilization of medical products. The service provided these organizations with data-driven insights to better target their sales and marketing resources.
The business model centered on providing its analytics platform and a suite of Software-as-a-Service (SaaS) applications to healthcare and life sciences companies. These tools were built to unlock the commercial value embedded in their customer networks. On March 2, 2015, Activate Networks was acquired by Decision Resources Group, a research and advisory firm specializing in healthcare data and analytics, to enhance their data-driven solutions and predictive analytics offerings for life sciences organizations.
Source: Dealroom company dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Mar 2015 | $0 | — | Decision Resources Group | — |
| SERIES B✓Equity / VC | Nov 2012 | $10M | $40M | Rev · Excel Venture Management · REV Venture Partners | — |
Growth signals
Latest recorded traffic for Activate Networks is 0 monthly website visits. Activate Networks's team grew 0% over the past year.
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Investors
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Series A3 investors entered at this stage
REV Venture Partners
Rev
Excel Venture Management
Other known investors2 additional known investors
Decision Resources Group
Kevin Brown
Source: Dealroom Talent Intelligence.
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