When was PracticeTek founded?

PracticeTek was founded in 2020.

Where is PracticeTek located?

PracticeTek is headquartered in Knoxville, United States.

How many employees does PracticeTek have?

As of Sep 30, 2026, the latest employee count at PracticeTek is 301.

Where does PracticeTek rank among its competitors?

PracticeTek ranks 23rd amongst 415 active competitors, of which 33 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was HealthMark Group, which secured an undisclosed amount in Jul, 2025.

Who are the top competitors of PracticeTek?

PracticeTek's top competitors include Palta, Xylo Technologies and Medicus IT. Among them, HealthMark Group secured the most recent funding round in July, 2025.

PracticeTek - 2026 Company Profile, Funding & Competitors

PracticeTek is an acquired company based in Knoxville (United States), founded in 2020. It operates as a Provider of software services. The company has 415 active competitors, including 33 funded and 39 that have exited. Its top competitors include companies like Palta, Xylo Technologies and Medicus IT.

Key Metrics

Founded Year

2020

Location

Knoxville, United States

Stage

Acquired

Investors

Greater Sum Ventures & 3 more

Ranked

23^rd among 415 active competitors

Employee Count

301 as on Sep 30, 2026

Investment & Acquisitions

Ora & 4 more

Similar Companies

Palta & 427 more

Exit Details

Acquired by Lightyear Capital (Dec 14, 2021)

View PracticeTek's full profile

PracticeTek got acquired by Lightyear Capital on Dec 14, 2021.

Click here to take a look at PracticeTek's acquisition in detail

PracticeTek is a funded company. PracticeTek has 4 institutional investors.

View details of PracticeTek's funding rounds and investors

PracticeTek's employee count trend

PracticeTek has 301 employees as of Sep 26. Here is PracticeTek's employee count trend over the years:

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Top competitors of PracticeTek include Palta, Xylo Technologies and Medicus IT. Here is the list of Top 10 competitors of PracticeTek, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Palta 2016, London (United Kingdom), Series B	Provider of healthcare technology services	$100M	Smart Partnership Capital, London Technology Club ... & 6 others	57/100
2nd	Xylo Technologies 2000, Rochester (United States), Series B	Provider of healthcare, managed, and IT outspurcing services	$30M	Goldman Sachs, Benchmark & 6 others	54/100
3rd	Medicus IT 2004, Atlanta (United States), Acquired	Provider of IT suite services for healthcare industry	-	424 Capital, InvestPro Consults & 2 others	52/100
4th	22nd Century Technologies 1997, Somerset (United States), Unfunded	Provider of IT managed, cloud, cyber security, and other services	-	-	51/100
5th	Quantori 2006, Cambridge (United States), Seed	Provider of IT service suite solutions	$15M	Flint Capital Solution	48/100
6th	Optimum Healthcare IT 2012, Jacksonville Beach (United States), Acquired	Provider of healthcare IT managed services	-	Leavitt Equity Partners, Convergent Capital	45/100
7th	HealthMark Group 2006, Dallas (United States), Late Stage	Provider of streamlined digital solutions for medical record release and audits	-	TA Associates, WSC & Company & 4 others	44/100
8th	Phlo Connect 2019, Glasgow (United Kingdom), Series A	Provider of digital pharmacy infrastructure, connecting clinicians and patients	$13.3M	-	44/100
9th	Robin Healthcare 2017, Berkeley (United States), Deadpooled	Clinical documentation, prescription, coding & chart review	$65M	Norwest, Meridian Street Capital & 6 others	43/100
10th	UPMC Enterprises 2014, Pittsburgh (United States), Funding Raised	Provider of commercialisation and digital solutions for healthcare sector	-	Granite Health Growth Partners	42/100
23rd	PracticeTek 2020, Knoxville (United States), Acquired	Provider of software services	-	Greater Sum Ventures, ICP Group & 2 others	38/100

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PracticeTek has not made any investments yet. PracticeTek has made 5 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jun 03, 2024	Acquisition	Ora	2023	Alpharetta (United States)
Jun 01, 2023	Acquisition	ChiroTouch	1999	San Diego (United States)
Sep 22, 2022	Acquisition	GrowthPlug	2016	San Jose (United States)