QMerit Revenue and Competitors

Location

$13.8M

Total Funding

Estimated Revenue & Valuation

  • QMerit's estimated annual revenue is currently $14.4M per year.(i)
  • QMerit received $11.8M in venture funding in April 2018.
  • QMerit's estimated revenue per employee is $145,000
  • QMerit's total funding is $13.8M.

Employee Data

  • QMerit has 99 Employees.(i)
  • QMerit grew their employee count by 24% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$2.8M280%N/AN/A
#2
$36.7M230-2%N/AN/A
#3
$11.2M771%N/AN/A
#4
$1460M73813%$1.1BN/A
#5
$310M152720%N/AN/A
#6
$204.8M10095%N/AN/A
#7
$334.5M1613-5%$101.6MN/A
#8
$581.3M23310%$253.1MN/A
#9
$704M34681%N/AN/A
#10
$801.4M394852%N/AN/A
Add Company

Qmerit is a leader in cloud-based, supply chain solutions that significantly improve service quality and reduce operating costs for OEM's, facility managers, and contractors. Qmerit was launched as a spin out from a Fortune 500 facility services company with over 110,000 service employees and thousands of subcontractors so we innately understand the complexities and frustrations with managing a complex, service supply chain. Our passion is to bring order to this chaos. Whether you use contractors or employees to service your customers or products, your brand reputation is at risk every day. Qmerit is a software platform that enables you to manage, measure, and motivate your contractors and employees to excel while gaining visibility into their service quality. Qmerit's patent-pending algorithms allocate the best resource at the best value for every service request. Whenever equipment in a building is being serviced, parts and materials are often required. Contractors and building engineers purchase over $100B in parts and equipment each year for service, maintenance and retrofits, but no one has successfully aggregated these purchases. Qmerit has partnered with Avendra to aggregate this spend and use this leverage with suppliers and OEM's to maximize discounts on parts and materials and provide Amazon-like eProcurement software to access these deep discounts. At the heart of the platform is our Qmerit Contribution Index (QCI) performance measurement system that is used for your workforce and your suppliers. The QCI is a continuously calculated score based on past performance, callback rates, procedural compliance and more. Similar to a FICO® score, QCI scores are visible to all key stakeholders, creating a powerful motivation framework that incentivizes desired behavior and provides real-time performance feedback. The QCI algorithm has been vetted and validated by the quant group at Mercer (MMC), the world's largest human capital consulting firm.

keywords:SaaS

$13.8M

Total Funding

99

Number of Employees

$14.4M

Revenue (est)

24%

Employee Growth %

N/A

Valuation

N/A

Accelerator

QMerit News

2022-04-17 - New partnership to ease utility and consumer transition to EVs

Qmerit and Uplight have announced a partnership to enable utilities to bundle EV charger installation into a broad suite of consumer...

2022-04-13 - Qmerit Partners with Uplight to Ease EV Transition for Utilities ...

Qmerit is North America's leading provider of implementation solutions for EV charging and other energy transition technologies, simplifying the...

2022-03-22 - Qmerit Emphasizes Home EV Charging Over Public Stations

for electric vehicle charger station installations in homes and multifamily residences for its currently available all-electric vehicles. Qmerit...

2021-07-20 - Qmerit Scores Investment From GIC For EV Charging Efforts

Irvine-based Qmerit, which installed electric vehicle charging stations in residential and fleet environments, has scored an investment from GIC, Singapore's sovereign wealth fund, according to Qmerit. Size of the investment was not announced. According to Qmerit, the investment by GIC came alon ...

2019-03-13 - Fraudster goes 'hell for leather' on spending spree

Martin told the court he was "clean" throughout the court-facilitated QMERIT drug program, but had failed to attend the last three meetings and

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$21.8M9911%N/A
#2
$14.9M995%N/A
#3
$25.1M10041%$30.5M
#4
$20.2M100-19%N/A
#5
$7.5M1003%N/A

QMerit Funding

DateAmountRoundLead InvestorsReference
2016-04-12$2.0MUndisclosedArticle
2018-04-05$11.8MUndisclosedStrandview CapitalArticle