When was PROFITsystems founded?

PROFITsystems was founded in 1979.

Where is PROFITsystems located?

PROFITsystems is headquartered in Colorado Springs, United States.

Who is the current CEO of PROFITsystems?

Michael Cornell of PROFITsystems.

How many employees does PROFITsystems have?

As of May 31, 2026, the latest employee count at PROFITsystems is 13.

Is PROFITsystems a funded company?

PROFITsystems is a funded company, having raised a total of $***** in its 1st and only funding round.

Where does PROFITsystems rank among its competitors?

PROFITsystems ranks 316th amongst 1040 active competitors, of which 115 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was RADAR, which secured $170M in May, 2026.

Who are the top competitors of PROFITsystems?

PROFITsystems' top competitors include Lightspeed, RELEX and Wasoko. Among them, RADAR secured the most recent funding round in May, 2026.

PROFITsystems - 2026 Company Profile, Team, Funding & Competitors

PROFITsystems is an acquired company based in Colorado Springs (United States), founded in 1979. It operates as a Retail management software solutions for furniture and home goods retailers. The company has 1040 active competitors, including 115 funded and 126 that have exited. Its top competitors include companies like Lightspeed, RELEX and Wasoko.

Company Details

Retail management software solutions for furniture and home goods retailers. They provide comprehensive retail solutions, including enterprise software, consulting, performance groups, advanced education, eCommerce, and business intelligence. Their flagship product features real-time inventory management, customer relationship management (CRM), point-of-sale (POS), and accounting systems. They offer cloud solutions, inventory software, barcoding, distribution management, and retail accounting software. They focus on improving profitability for retailers through superior service, business consulting, hands-on training, and educational seminars. They offer support through a customer feedback portal, library, and contact options. They provide retail business intelligence, sales management, and integration partners. They offer client login and customer support.

Website: www.profitsystems.com/
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Key Metrics

Founded Year

1979

Location

Colorado Springs, United States

Stage

Acquired

Investors

Riverside

Ranked

316^th among 1040 active competitors

Employee Count

13 as on May 31, 2026

Similar Companies

Lightspeed & 508 more

Exit Details

Acquired by Accellos (Nov 13, 2013)

View PROFITsystems' full profile

PROFITsystems got acquired by Accellos on Nov 13, 2013.

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

PROFITsystems is a funded company. PROFITsystems has 1 institutional investor.

View details of PROFITsystems's funding rounds and investors

PROFITsystems' employee count trend

PROFITsystems has 13 employees as of May 26. Here is PROFITsystems's employee count trend over the years:

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Top competitors of PROFITsystems include Lightspeed, RELEX and Wasoko. Here is the list of Top 10 competitors of PROFITsystems, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Lightspeed 2005, Montreal (Canada), Public	Provider of point of sale and payment platform for businesses	$292M	CDPQ, Accel & 8 others	79/100
2nd	RELEX 2005, Helsinki (Finland), Series D	Provider of unified platform for retail and supply chain planning	$816M	Summit Partners, TCV & 4 others	76/100
3rd	Wasoko 2013, Nairobi (Kenya), Series B	Online retailer of everyday consumer goods providing delivery services to shops	$152M	Tiger Global Management, Quona & 39 others	71/100
4th	Fracttal 2014, Santiago (Chile), Series C	Cloud-based enterprise asset management solutions	$52.3M	Riverwood Capital, Seaya & 8 others	68/100
5th	Index (acquired by Stripe) 2012, San Francisco (United States), Acquired	Payment solutions and personalized marketing to offline retailers	$26M	AIMCo, General Catalyst & 6 others	65/100
6th	RADAR 2013, New York City (United States), Series B	Provider of RFID and computer vision technology for retail inventory management	$233M	Align Ventures, Sound Ventures & 18 others	64/100
7th	Smollan 1931, Johannesburg (South Africa), Unfunded	Provider of software suite for retail business	-	-	63/100
8th	Fluent Commerce 2013, Sydney (Australia), Series C	Cloud-based back-end management solutions for omnichannel retailers	$59.7M	Arrowroot Capital Management, Qualgro & 34 others	63/100
9th	Focal systems 2015, Menlo Park (United States), Series B	AI-based suite solution for offline businesses	$28.4M	Zebra, Zetta Venture Partners & 7 others	61/100
10th	LiteStore 2021, Bengaluru (India), Series A	Platform that enables brands to source, design, and operate retail stores	$11.2M	Accel, Angel List & 10 others	61/100
316th	PROFITsystems 1979, Colorado Springs (United States), Acquired	Retail management software solutions for furniture and home goods retailers	-	Riverside	29/100