Ipswitchrevenue & acquisition
Enterprise IT Management SoftwareLexington, MassachusettsFounded 1991
Ipswitch was acquired by Progress.
Ipswitch is an IT management software developer for small and medium sized businesses.
Ipswitch revenue
Ipswitch's annual revenue was $22.6M in August 2020, its last figure before Progress bought it (source not recorded).
| As of | Revenue | Source |
|---|---|---|
| Aug 2020 | $22.6M | – |
– source not recorded
Who owns Ipswitch
Progress owns Ipswitch. The date and price of the deal are not on record.
Ipswitch CEO, founders & employees
Michael Grossi founded Ipswitch in 1991 and led it as CEO. Ipswitch had 125 employees (December 2020), down from 137 a year earlier.
- Michael GrossiFounder & CEO
Team mix (Dec 2020): 24 engineers, 28 in sales, 6 in marketing
All 5 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Dec 2020 | 125 | – |
| Aug 2020 | 251 | – |
| Jun 2020 | 135 | – |
| Dec 2019 | 137 | – |
| Dec 2018 | 243 | – |
Ipswitch FAQ
What was Ipswitch's revenue?
Before Progress bought it, Ipswitch's annual revenue was $22.6M in August 2020 (source not recorded).
Who owns Ipswitch?
Progress owns Ipswitch.
How many employees does Ipswitch have?
Ipswitch had 125 employees in December 2020.
Who founded Ipswitch?
Michael Grossi founded Ipswitch in 1991.
Browse Enterprise IT Management Software
- UpKeep$22.4M
- Rizhiyi$22.9M
- Leo TechnoSoft$21.8M
- Techpro Solutions$21.7M
- Arch Systems$21.3M
- Appperfect Corporation$21.2M
- BizTalk360$21M
- Empire Technologies Group$21M
- Spectro Cloud$20.9M
- Astute Technology Management$24.3M
- Transputec$20.7M
- TECH-HUB$24.7M
- Lumen21$20.3M
- Efecte$25M
- LeanIX$25M
- Inexture Solutions$20.1M
- evolveip.net$25.3M
How this page is sourced
Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Aug 10, 2026Data disclaimerReport a correctionClaim this profileRun Ipswitch? Join the podcast