Bluewave Technology Group - About the company
Bluewave Technology Group is a series C company based in Parsippany Troy Hills (United States), founded in 2016 by Seth Penland. It operates as a Provider of cloud, security, data center, and networking services. Bluewave Technology Group has raised $75M in funding from Columbia Capital. The company has 141039 active competitors, including 985 funded and 7777 that have exited. Its top competitors include companies like IBM, UST and Infosys.
Company Details
- Website
- bluewave.net
- Social
- Email ID
- *****@bluewave.net
- Phone Number
- +1 **********
- Registered Address
- Deephaven,Minnesota
Key Metrics
Founded Year
2016
Location
Parsippany Troy Hills, United States
Stage
Series C
Total Funding
$75M in 3 rounds
Latest Funding Round
Investors
Ranked
154th among 141039 active competitors
Employee Count
164 as on Sep 30, 2026
Investment & Acquisitions
Similar Companies
Legal entities associated with Bluewave Technology Group
Bluewave Technology Group is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
BLUE WAVE GROWTH, LLC CIN: 770716397 , United States, Active | Dec 31, 1999 | - | 3 (As on Dec 31, 2024) | - |
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Bluewave Technology Group's funding and investors
Bluewave Technology Group has raised a total funding of $75M over 3 rounds. Its first funding round was on Jan 01, 2014. Its latest funding round was a Series C round on Feb 01, 2022 for $*****. 1 investor participated in its latest round. Bluewave Technology Group has 2 institutional investors.
Here is the list of recent funding rounds of Bluewave Technology Group:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 01, 2022 | 4246499 | Series C | 4022156 | 5881158 | 6469979 | 4794654 |
May 01, 2015 | 5850511 | Grant (prize money) | 7019707 | 6927724 | 2814157 | 2774027 |
Jan 01, 2014 | 1520971 | Grant (prize money) | 7203337 | 4767437 | 3758683 | 5170488 |
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Bluewave Technology Group's founders and board of directors
Founder? Claim ProfileThe founders of Bluewave Technology Group is Seth Penland. Seth Penland is the CEO of Bluewave Technology Group.
Here are the details of Bluewave Technology Group's key team members:
- Seth Penland: Founder & CEO of Bluewave Technology Group.
View details of Bluewave Technology Group's Founder profiles and Board Members
Bluewave Technology Group's employee count trend
Bluewave Technology Group has 164 employees as of Sep 26. Here is Bluewave Technology Group's employee count trend over the years:
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Bluewave Technology Group's Competitors and alternates
Top competitors of Bluewave Technology Group include IBM, UST and Infosys. Here is the list of Top 10 competitors of Bluewave Technology Group, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | IBM 1911, Armonk (United States), Public | Provider of hybrid cloud, artificial intelligence, and IT consulting services | - | 77/100 | |
2nd | UST 1999, Aliso Viejo (United States), Late Stage | Provider of data analytics, cloud modernization, management strategy, and digital transformation services | $250M | 76/100 | |
3rd | Provider of consulting, data analytics, and IT services | - | 75/100 | ||
4th | Virtusa 1996, Westborough (United States), Acquired | IT services company | $45.2M | 74/100 | |
5th | Hewlett Packard Enterprise 2015, Houston (United States), Public | Provider of edge-to-cloud solutions, products, and services for enterprise organizations | - | 74/100 | |
6th |  Happiest Minds Technologies 2011, Bengaluru (India), Public | Provider of IT suite services | $64.8M | 73/100 | |
7th |  Datamatics 1975, Mumbai (India), Public | Provider of digital technologies, business process management, analytics, and automation services | $3M | 73/100 | |
8th | Consulting and implementations company | $23.9M | 73/100 | ||
9th |  Sutherland 1986, Pittsford (United States), Late Stage | Provider of business process and technology management services | $60M | 73/100 | |
10th | Provider of IT consulting, technology, and outsourcing services | - | 73/100 | ||
154th |  Bluewave Technology Group 2016, Parsippany Troy Hills (United States), Series C | Provider of cloud, security, data center, and networking services | $75M | 57/100 |
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Bluewave Technology Group's Investments and acquisitions
Bluewave Technology Group has not made any investments yet. Bluewave Technology Group has made 14 acquisitions.Here is the list of latest three $acquisitions:
Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Dec 10, 2025 | Acquisition | 2010 | Lone Tree (United States) | |
Aug 27, 2025 | Acquisition | 2018 | Abilene (United States) | |
Jun 19, 2025 | Acquisition | - |
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Reports related to Bluewave Technology Group
Here is the latest report on Bluewave Technology Group's sector:
News related to Bluewave Technology Group
Filter this listMedia has covered Bluewave Technology Group for a total of 3 events in the last 1 year, 1 of them has been about people movement.
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Bluewave Technology Group Acquires Technology Navigation.intelligence360•Dec 10, 2025•Bluewave Technology Group, Technology Navigation
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BlueWave Appoints Patty DiOrio as Chief Development Officer to Lead Expansion and Drive Clean Energy TransitionMiningstockeducation•Nov 06, 2025•Bluewave Technology Group, Orsted
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Bluewave Technology Group Acquires Streamline Communications, Expands FootprintSalesTech Star•Oct 07, 2025•Streamline, Bluewave Technology Group
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Bluewave Technology Group Acquires Cactus Technology SolutionsPR Newswire•Aug 27, 2025•Bluewave Technology Group, Cactus Technology
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BlueWave Closes $247 Million Credit Facilities for Operations ExpansionPR Newswire•Jul 30, 2025•Bluewave Technology Group, Axium Infrastructure, National Bank of Canada, KeyBank and 2 others
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Bluewave acquires TruPoint Technology SolutionsConsulting•Jun 27, 2025•Bluewave Technology Group, Trupointtech
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Bluewave Expands Southeast Presence Acquiring TruPoint Technology SolutionsPR Newswire•Jun 19, 2025•Bluewave Technology Group, Trupointtech
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Tequity Advises Bluewave Technology Group On Acquisition By Aspire SystemsPR Newswire•Feb 26, 2025•Tequity Advisors, Bluewave Technology Group, Aspire Systems, Bluewave Technology
•
Bluewave Technology Group Acquires ForesTel, Expanding into the Pacific NorthwestPRWeb•May 30, 2024•Bluewave Technology Group, ForesTel
•
Bluewave Technology Group expands its reach into Tennessee with acquisition of RCGBee Star•Oct 23, 2023•Bluewave Technology Group, Resource Communications Group
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