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Valuation

$20.2M

2021 Revenue

$6.7M

Customers

4K

Funding

$0

Avg ACV

$1.7K

Team

80

Founded

1976

How RedSky IT CEO Phil Kent grew to $6.7M revenue and 4K customers in 2021.

Developer of financial software for construction, contracting and professional services organizations. The company offers a software suite to deal with the areas of cost and project control for organizations covering project cost, electronic time and fee capture, expense capture and billing, project forecasting and monitoring and integrated project inquiries.

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RedSky IT Revenue

In 2021, RedSky IT's revenue reached $6.7M. Since its launch in 1976, RedSky IT has shown consistent revenue growth.

RedSky IT Revenue GrowthReported revenue / ARR over time$0$2M$3M$5M$6M$8M197619781980198219841986198819901992199419961998200020022004200620082010201220142016201820202021$0$7MSource: GetLatka.com
YearMilestoneQuote
2021RedSky IT Hit $6.7m revenue in April 2021
1976Launched with $0 revenue

RedSky IT Valuation, Funding Rounds

RedSky IT's most recent disclosed valuation is $20.2M.

RedSky IT is a bootstrapped Construction Software startup. Founded in 1976, RedSky IT has grown to $6.7M in revenue without raising any venture capital or outside funding.

As a self-funded Construction Software SaaS company, RedSky IT has built its business with no outside investment.

RedSky IT Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$0.2$0.2$0.4$0.4$0.6$0.6$0.8$0.8$1$11976Source: GetLatka.com
YearRoundAmountValuation% SoldQuote

Founder / CEO

Phil Kent

Phil has many years of experience of working within the Construction/Contracting Industry. He graduated in 1994 with a BSc degree in Accounting, Finance & Information Management and worked as a management accountant with a General Contractor in the UK before joining FCG in 1996. Over his time with the Ramesys and now the RedSky business Phil has continued to build on a wealth of experience in Operational, Commercial and Financial systems providing Consultancy and Project Management to large and mid sized implementations, in the UK and Middle East/ Africa. For 5 years he was the Summit Product Manager taking a lead role in the Summit strategy and providing presales consultancy prior to joining the board in February 2007 as Delivery and Implementation Director. Phil has lead an experienced and successful team, has played an active part in the development of our innovative solutions throughout this period and in February 2015 was appointed Managing Director of RedSky.

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Customers

RedSky IT serves 4K customers.

RedSky IT Employees & Team Size

RedSky IT employs approximately 80 people as of 2026. It serves 4K customers that rely on its solutions.

RedSky IT Team GrowthReported headcount over time020406080100197619781980198219841986198819901992199419961998200020022004200620082010201220142016201820202021008080Source: GetLatka.com
YearMilestone
2021Reached 80 employees (April 2021)

Frequently Asked Questions about RedSky IT

What is RedSky IT's revenue?

RedSky IT generates $6.7M in revenue.

Who founded RedSky IT?

RedSky IT was founded by Phil Kent.

Who is the CEO of RedSky IT?

The CEO of RedSky IT is Phil Kent.

How much funding does RedSky IT have?

RedSky IT raised $0.

How many employees does RedSky IT have?

RedSky IT has 80 employees.

Where is RedSky IT headquarters?

RedSky IT is headquartered in United Kingdom.

Compare RedSky IT to the industry

RedSky IT operates across multiple industries. Browse revenue, funding, and growth data for RedSky IT 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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RedSky IT Revenue 2021: $6.7M ARR, $20.2M Valuation