New Hampshire is widely known for its beautiful scenery and historical significance, but the Granite State is quickly gaining a reputation for its thriving tech sector. According to the Computing Technology Industry Association, New Hampshire is home to over 5,000 tech businesses. Join us as we take a look at some of the largest tech companies in New Hampshire.
Which Tech Companies Were Founded in New Hampshire?
Some of the largest tech companies headquartered in New Hampshire were also founded there. Keep reading to learn more about public and private tech firms that started in New Hampshire.
Our first company is PC Connection, Inc., which provides computer systems, hardware, and software for both businesses and the public. This includes services in cybersecurity, cloud computing, business resiliency, network transformation, IT management, data transformation, global procurement, and workplace transformation. Patricia Gallup and David Hall founded the company in Marlow, NH in 1982. PC Connection is currently headquartered in Merrimack, NH. They have grown to over 2,500 employees nationwide as of 2021.
Bottomline Technologies is a financial software company founded in Portsmouth, NH by Daniel McGurl and James Loomis. Since its inception in 1989, Bottomline has focused on helping businesses make and receive secure electronic payments. They provide payment, invoice, and document automation services to businesses and financial institutions in 92 countries. They currently report over 2,000 employees in 25 locations worldwide.
Moore Nanotechnology Systems was founded in Keene, NH in 1997 by Len Chaloux and Newman Marsilius III. It was started as a stand-alone subsidiary of Moore Tool Company. Known as Nanotech, the company develops and manufactures precision machine tools for the production of state-of-the-art optical components. Some of their markets include consumer electronics, defense, aerospace, medical, and automotive. They currently maintain hundreds of machining systems in more than 30 countries around the world. Moore Nanotechnology Systems is headquartered in Swanzey, NH.
Red River Technology
Red River Technology is a technology solution and IT management provider currently based in Claremont, NH. Rick Bolduc and Breck Taylor founded the company in Hanover, NH in 1995. Red River serves federal agencies, commercial organizations, and state and local governments and educational institutions (SLED). The company does not disclose financial information, but a spokesperson indicated they employ 750 people throughout offices in four states.
What are the Biggest Tech Companies Located in New Hampshire?
We’ve discussed the biggest companies founded in New Hampshire, now let’s take a look at the biggest tech companies located in New Hampshire by market value and revenue rankings.
Allegro MicroSystems, Inc. is headquartered in Manchester, NH. Allegro is a leader in semiconductor technology with applications in advanced mobility solutions, green energy, and factory automation. According to the company website, they ship over one billion units to support these applications for over 10,000 customers across the globe. They are the largest tech company headquartered in New Hampshire based on a market value of $6.10 billion USD and yearly revenue of $768.7 million USD. They currently employ over 3,500 people worldwide.
Bottomline Technologies Inc./DE is a financial software company headquartered in Portsmouth, NH. They provide solutions in digital banking, financial messaging, bank connectivity, global payments and cash management, fraud detection, and accounts payable automation to over 600,000 customers in 92 countries. They employ over 2,000 people in 25 locations across the globe. The company has since gone private, but its market value was $2.55 billion USD as of January 2022. Yearly revenue was $471 million USD as of 2021.
PC Connection, Inc. is located in Merrimack, NH. The company focuses on customized IT solutions and services to customers in K–12 and higher education, healthcare, retail, finance, and manufacturing. According to the company website, they deliver over 500,000 custom solutions each year and they offer supply chain optimization for 174 countries. They also employ over 2500 people across their nine locations in the US. Their current market value is $1.34 billion USD. The company ranked 855th in the Fortune 1000 with annual revenue of approximately $2.9 billion USD.
Skillsoft is an educational technology company with corporate headquarters in Nashua, NH. They provide e-learning solutions for educational institutions, businesses, and all levels of government. Their customer base includes around 70% of the Fortune 1000. They have customers in over 160 countries and their initiatives reach more than 45 million learners worldwide. Skillsoft has a market value of $320.66 million USD and revenue of $567.39 million USD in 2022.
The Largest Private Tech Companies in New Hampshire
Privately held companies do not typically release financial results. In this case, we used factors such as previously reported earnings and organizational growth to determine the largest private tech companies in New Hampshire. Keep reading to learn more about these private tech firms.
Bottomline Technologies was a publicly traded company on the NASDAQ market until they were acquired by a San Francisco, CA private equity firm in May of 2022. The company is still located in Portsmouth, NH, but it is now privately held. As a publicly traded company, its market value was $2.55 billion USD as of January 2022, while its revenue was $471 million USD as of 2021. This indicates that Bottomline Technologies is also a strong contender for one of the largest private tech companies in New Hampshire.
Red River Technology Solutions
Red River Technology Solutions is an IT consulting firm based in Claremont, NH. It was reported in June of 2021 that New York private equity fund, Cerberus Capital Management, had acquired control of the company. Although the company does not disclose financial information, a spokesperson indicated they employ 750 people throughout offices in four states. In 2017, the company reported it was closing in on $500 million in revenue with only 250 employees. This indicates remarkable growth, suggesting the company is one of the largest privately-held tech firms in the state.
Moore Nanotechnology Systems
Moore Nanotechnology Systems, known as Nanotech, is a privately-held firm based in Claremont, NH. Nanotech focuses on the development of precision machine tools and precision programming software for advanced optical components. Business New Hampshire Magazine has consistently ranked Moore Nanotechnology Systems as one of the top private companies in the state. The company has reported significant organizational growth which has led to the opening of a 50,000-square-foot global training and development center in Charlotte, NC.
The Largest Publicly Traded Tech Companies in New Hampshire
It is no surprise that some of the largest companies in New Hampshire are also some of the largest publicly traded companies as well.
Although Allegro MicroSystems may not be a household name, their components are widely used in consumer applications. There are more than nine Allegro devices in an average vehicle. Likewise, if you use cloud services or receive packages, you are interacting with Allegro’s technology. Allegro MicroSystems stock is publicly traded on the NASDAQ under the ticker symbol “ALGM.”
PC Connection is a Fortune 1000 IT solutions provider. The company has grown to include Connection Business Solutions, Connection Enterprise Solutions, and Connection Public Sector Solutions to provide IT services to the above-referenced markets. The company also has experts with technical certifications in over 2,500 areas to ensure its technicians can solve the most complex customer issues. Their stock is traded on the NASDAQ under the ticker symbol “CNXN.”
Skillsoft is an educational technology company that produces software and content for learning management systems. Their website boasts over 180,000 courses, videos, and texts with the largest catalog of titles in subjects such as information technology, leadership, business, and compliance training. Skillsoft stock is traded on the NASDAQ under the ticker symbol “SKIL.”
Forgotten Tech Companies of New Hampshire
The following companies were founded in New Hampshire, but they no longer exist in their previous forms. These forgotten tech companies have been rebranded due to mergers or acquisitions.
Our first acquired and rebranded company is Dyn, a domain name system (DNS) provider founded in 1998 in Manchester, NH. It was acquired by one of the world’s largest database, software, and cloud service providers, Oracle, in 2017. Oracle rebranded the company as Oracle Dyn. Despite a change of owners, the rebranded company maintains a facility in Manchester, NH.
Another company that used to be active in New Hampshire is Adaptive Communications LLC. Adaptive Communications was a Portsmouth, NH-based provider of information security services founded in 1997. In June 2016, they were acquired by Optiv Security, Inc., a privately owned information security company from Denver, CO. Although Optiv is still headquartered in Colorado, they continue to have a presence in Portsmouth, NH.
True North Networks
The final company on our list was only recently rebranded via a merger. True North Networks was a financial technology company founded in 2002 in Swanzey, NH. In March of 2021, the company was acquired by Bluff Point Associates, a Westport, CT private equity firm. In July of 2022, True North merged with Lenexa, KS firm RightSize, to form Visory. Both companies are affiliated with Bluff Point Associates. Although Visory is based in Chesterfield, MO, the company retained the Swanzey, NH office to continue to capitalize on its contacts in the region.