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2024 Revenue

$2.8M

Funding

$12M

YOY

70.7%

Team

25

Founded

1983

How Pensoft Technology Inc CEO Leroy Newman grew to $2.8M revenue with a 25 person team in 2024.

Pensoft is a company that specializes in helping other corporations to manage their payroll.

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Pensoft Technology Inc Revenue

In 2024, Pensoft Technology Inc's revenue reached $2.8M. The company previously reported $1.6M in 2023. Since its launch in 1983, Pensoft Technology Inc has shown consistent revenue growth.

Pensoft Technology Inc Revenue GrowthReported revenue / ARR over time$0$600K$1.2M$1.8M$2.4M$3M1983198519871989199119931995199719992001200320052007200920112013201520172019202120232024$0$2.8MSource: GetLatka.com
YearMilestoneQuote
2024Pensoft Technology Inc Hit $2.8m revenue in October 2024
2023Pensoft Technology Inc Hit $1.6m revenue in October 2023
2021Pensoft Technology Inc Hit $1.3m revenue in March 2021
1983Launched with $0 revenue

Pensoft Technology Inc Valuation, Funding Rounds

Pensoft Technology Inc has not publicly disclosed its valuation. The company has raised $12M in total funding to date.

Pensoft Technology Inc has raised $12M in total funding across 1 round, with its most recent round in 2021.

Pensoft Technology Inc Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$0.2$3M$0.4$6M$0.6$9M$0.8$12M$1$15M19831985198719891991199319951997199920012003200520072009201120132015201720192021Source: GetLatka.com
YearRoundAmountValuation% SoldQuote
2021Funding round$12M--

Founder / CEO

Leroy Newman

CEO

Experienced President with a demonstrated history of working in the computer software industry. Skilled in Negotiation, Budgeting, Business Planning, Strategic Planning, and Business Development. Strong business development professional with a Master of Public Administration (M.P.A.) focused in Business Administration and Management, General from Ball State University.

Q&A

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Customers

We do not have customer count information for Pensoft Technology Inc yet.

Pensoft Technology Inc Employees & Team Size

Pensoft Technology Inc employs approximately 25 people as of 2026.

Pensoft Technology Inc Team GrowthReported headcount over time06121824301983198519871989199119931995199719992001200320052007200920112013201520172019202120232024002525Source: GetLatka.com
YearMilestone
2024Reached 25 employees (October 2024)
2023Reached 25 employees (October 2023)
2022Reached 24 employees (October 2022)
2021Reached 23 employees (December 2021)
2021Reached 14 employees (March 2021)

Frequently Asked Questions about Pensoft Technology Inc

What is Pensoft Technology Inc's revenue?

Pensoft Technology Inc generates an estimated $2.8M in annual revenue.

Who founded Pensoft Technology Inc?

Pensoft Technology Inc was founded by Leroy Newman.

Who is the CEO of Pensoft Technology Inc?

The CEO of Pensoft Technology Inc is Leroy Newman.

How much funding does Pensoft Technology Inc have?

Pensoft Technology Inc raised $12M across 1 round.

How many employees does Pensoft Technology Inc have?

Pensoft Technology Inc has 25 employees.

Where is Pensoft Technology Inc headquarters?

Pensoft Technology Inc is headquartered in Newport News, Virginia, United States.

Compare Pensoft Technology Inc to the industry

Pensoft Technology Inc operates across multiple industries. Browse revenue, funding, and growth data for Pensoft Technology Inc in each sector below.

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

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Pensoft Technology Inc Revenue 2024: $2.8M ARR, $12M Raised