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IndX Software Corporation
Enterprise software company that designs and markets operations intelligence solutions for fortune 2000 businesses
About IndX Software Corporation
IndX Software Corporation, established in 1996 by founder Michael Gonzalez, carved a niche in the operations intelligence sector. The company was headquartered in Aliso Viejo, California, and focused its efforts on developing software for large industrial manufacturers.
The firm's core offering was the XHQ Operations Intelligence Platform. This software was engineered to provide clients with a unified, real-time view of critical business and operational data from various disconnected sources across an enterprise. The platform aggregated and contextualized information, empowering personnel from the plant floor to senior management to monitor performance against business objectives. This capability enabled more informed, timely decisions regarding plant operations, directly impacting efficiency and profitability. IndX Software primarily served world-class companies within the oil & gas, chemicals, food & beverage, and power generation industries.
The company's business model revolved around the development and marketing of its specialized XHQ software platform. Before its acquisition, IndX Software had successfully raised $28.5 million in funding over several rounds from investors including Siemens, First Analysis, and Houston Ventures. A significant milestone in the company's history occurred on January 13, 2004, when it was acquired by Siemens Energy & Automation. The acquisition was a strategic move for Siemens to broaden its portfolio of IT solutions for industrial management, particularly in the process industry. Following the acquisition, the company was set to continue its operations under the name “IndX Software Corporation — A Siemens Company,” with Matthew Witte, the then-CEO, continuing to lead the division to ensure its growth and market expansion.
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 | Jan 2004 | $0 | — | Undisclosed | — |
| DEBT✓Debt | Jan 2003 | $7.5M | — | First Analysis · Sanders Morris Harris · Excalibur Partners · N47 | — |
Growth signals
Latest recorded traffic for IndX Software Corporation is 24K monthly website visits, up 14.3% over the last three months.
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Investments and acquisitions
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Tech Coast Angels
Series B and later5 investors entered at this stage
- EPExcalibur Partners
Sanders Morris Harris
First Analysis
N47- MAMarwit
Other known investors1 additional known investor
Houston Ventures
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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