Praxonomy
Praxonomy (Formidium Corp.) provides Boardlogic, a cloud-based SaaS board portal for SME, mid-market, nonprofit, and pre-IPO boards to manage meetings, documents, voting, and e-signatures, sold via annual subscriptions and channel partners including Tricor Group.
- Company typePrivate
- Founded2017
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Praxonomy does
Praxonomy, operating under the legal entity Formidium Corp., is a privately-held SaaS company that develops Boardlogic, a cloud-based board management and governance platform purpose-built for boards of directors, company secretaries, and board administrators. The platform centralizes the meeting lifecycle — from agenda and board pack creation, to secure document sharing, voting and approvals, e-signatures, meeting minutes, task tracking, and immutable archival of board records — under a single subscription with all features included. Its technology stack is built around a proprietary multi-layer encryption framework with encryption in transit (SSL/TLS) and at rest (TDE), with all client data exclusively hosted in ISO 27001 certified data centers in Switzerland.
The company serves primarily SMEs and mid-market organizations, with specialized programs for nonprofits, educational institutions, and pre-IPO companies. Pricing is annual subscription-based, starting at $45 per organization for up to 10 users, with up to 50% discounts for nonprofits and education, and a 10% discount for three-year commitments. Go-to-market is sales-led with personalized 30-minute demos, supplemented by a substantial channel partner network that includes Tricor Group (50,000+ global clients), Perivan (UK LSE-listed companies), ICDM Malaysia, Humentum (nonprofits), and TecHunt Global (emerging markets). Tricor Group is also a strategic investor following a growth investment in September 2020. The company operates offices in the USA, India, Canada, Singapore, and the UK.
Praxonomy firmographics
Firmographics- Name
- Praxonomy
- Legal name
- Formidium Corp.
- Website
- https://praxonomy.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Praxonomy (Formidium Corp.) provides Boardlogic, a cloud-based SaaS board portal for SME, mid-market, nonprofit, and pre-IPO boards to manage meetings, documents, voting, and e-signatures, sold via annual subscriptions and channel partners including Tricor Group.
- Ownership category
- akta.pro rank
Praxonomy industry classification
Industry- Product category
- Board Management Software
- NAICS
- Software Publishers (513210)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Process & Case Management Low-Code Platforms (HDAEAKAE)
Keywords
Where Praxonomy is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices5 records
Markets served
Praxonomy business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Annual SaaS Subscription: Subscription-based SaaS revenue model with annual billing. Organizations pay per year with pricing based on user count (starting at $45 per organization annually for up to 10 users). Additional users can be added at any time with prorated pricing.
- Nonprofit Donation Program: Free or heavily discounted subscriptions for eligible nonprofit organizations (up to 5 free users), with additional users at 50% discount. Generates goodwill and potential conversion to paid tiers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Standard Plan - $45 per organization annually for up to 10 users |
| Subscription | Annual | Nonprofit Discount - Up to 50% off standard pricing |
| Subscription | Annual | Education Discount - Up to 50% off standard pricing |
| Subscription | Multi-year contract | Multi-year Contract - 10% discount for 3-year commitment |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels10 records
Praxonomy product offering
Product offeringCore offering
Praxonomy develops and sells Boardlogic, a cloud-based SaaS board management and collaboration platform purpose-built for boards of directors, company secretaries, and board administrators. The platform centralizes board meeting administration, secure document sharing, electronic voting, e-signatures, meeting minutes, and secure communications, replacing manual paper-based board processes with a digital workflow.
Product overview
Praxonomy offers Boardlogic, a unified cloud-based SaaS board portal and board management platform designed for boards of directors, company secretaries, and administrators. The core Boardlogic product serves as the main board portal for organizing meetings, managing documents, and facilitating governance. Under the Praxonomy portfolio, Boardfolio represents a specialized variant for specific clients like the FinTech Association of Hong Kong. The platform includes key modules such as Board Pack Builder for digital meeting pack creation, Agenda Builder for meeting agenda preparation, Meeting Minutes Builder for documentation, and e-Signatures for electronic approvals. Additional capabilities encompass Task Management, Voting and Approvals, Notes and Annotations, Access Controls and Permissions, Dashboard, Board Records Archive, and Secure Board Communications. Specialized offerings include Boardlogic for Nonprofits (with free or discounted access for eligible organizations) and Boardlogic for Education (with up to 50% discount for educational institutions). The platform is delivered as a single subscription covering all features without add-on modules.
Differentiator
Problem solved
Functional benefit
Brands
- Boardlogic: A highly-secure board management software and collaboration platform purpose-built for boards of directors to organise meetings, manage and share sensitive documents, communicate and make decisions. Features include meeting administration, secure communications, digital board packs, voting, e-signatures, and task management.
Products and services
- Boardlogic Cloud-based SaaS board portal and board management software purpose-built for boards of directors to organize meetings, manage and share sensitive documents, communicate, and make decisions. Serves as a centralized platform for the full lifecycle of board and committee meetings, offered as a single subscription covering all features.
- Boardfolio Specialized board portal solution variant under the Praxonomy brand implemented for specific clients such as the FinTech Association of Hong Kong to streamline board meeting processes and communications.
- Boardlogic for Nonprofits Specialized Boardlogic offering for eligible registered nonprofit organizations, providing up to 5 free user licenses and additional users at 50% discount, targeting organizations with missions in poverty relief, social welfare, environmental preservation, human rights, or civil society progress.
- Boardlogic for Education Specialized Boardlogic offering for educational institutions including school boards and higher education, providing up to 50% discount off standard pricing with features tailored for committee governance and meeting administration.
Quantifiable outcome
- Reduces board meeting preparation time by 50%
- +3 more outcomes
Companies that use Praxonomy
Customer profileNamed customers18 records
Segments5 records
Ideal customer profiles4 records
Praxonomy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
Praxonomy partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- PerivancoreStrategic partnership to drive adoption of board portals in the UK, specifically targeting small-cap and medium-cap listed companies on the London Stock Exchange.
- Institute of Corporate Directors Malaysia (ICDM)coreDynamic partnership combining Praxonomy and ICDM's objectives of delivering a transformative board meeting governance solution to board leaders in Malaysia.
- FinTech Association of Hong KongcoreThe FinTech Association of Hong Kong selected Praxonomy's Boardfolio solution to streamline its board meeting processes and communications.
- TecHunt GlobalminorPartnership to expand Praxonomy's emerging markets footprint through TecHunt Global's distribution network.
- Quinlan & AssociatesminorQuinlan & Associates highlighted Praxonomy as a competitive player in a thought leadership report identifying advantages over the leading industry incumbent in the board portal space.
- Aragon ResearchminorPraxonomy named 'Hot Vendor' in Board Meeting Platforms by Aragon Research for being noteworthy, visionary, and innovative.
- HumentumcoreGlobal industry partnership between Praxonomy and Humentum supporting nonprofit sector with board governance solutions.
- Cure53minorIndependent security firm Cure53 conducted black-box security assessment on Praxonomy's application, unable to break document security.
- London Stock ExchangecoreLondon Stock Exchange listed as a partner and customer, with Perivan partnership specifically targeting London Stock Exchange listed companies.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Praxonomy competitors and assessment
Company assessmentBroad incumbents
- Diligent: Diligent is the largest global provider of board portal and governance SaaS, offering Diligent Boards alongside a broader GRC suite. It is the primary incumbent Praxonomy competes against in the board management software category, especially for mid-market and large-cap boards.
- Nasdaq Boardvantage: Nasdaq's Boardvantage is an established board portal solution serving public companies and large enterprises. It overlaps directly with Boardlogic on board materials, voting, and e-signatures, and is one of Praxonomy's most credible competitors in the listed-company segment.
- Microsoft Teams / SharePoint: Microsoft Teams and SharePoint provide document collaboration, approvals, and e-signature capabilities that increasingly substitute for dedicated board portals. Praxonomy competes against them by offering governance-specific depth and certification rather than breadth.
Direct peers
- OnBoard (by Passageways): OnBoard is a SaaS board management platform focused on midsize organizations, nonprofits, and credit unions — closely aligned with Praxonomy's SME/mid-market and nonprofit customer segments and feature set.
- Azeus Convene: Azeus Convene is a board portal and meeting management solution used by listed companies, governments, and nonprofits. It competes head-to-head with Boardlogic across board pack creation, voting, e-signatures, and audit-ready archiving.
- BoardEffect: BoardEffect is a board management platform purpose-built for nonprofits, healthcare, and education — a direct overlap with Praxonomy's nonprofit and education segments, including discounted/grant-funded access models.
- iDeals Board: iDeals Board is a board portal solution offered alongside the iDeals VDR suite, targeting SMEs and mid-market companies with secure document handling, voting, and e-signature workflows that mirror Boardlogic's core capabilities.
- BoardPad: BoardPad is a board portal from Apogee Corporation focused on listed, public-sector, and regulated boards. It overlaps with Boardlogic on meeting management, secure communications, and compliance-driven archiving.
- Directorpoint: Directorpoint is a board management app serving smaller boards and committees with features comparable to Boardlogic's board pack, agenda, and minutes workflows — a peer at the lower end of the same product category.
Emerging players
- DocuSign: DocuSign's e-signature and Agreement Cloud capabilities overlap with Boardlogic's e-signatures and approvals modules. As DocuSign expands into broader agreement lifecycle and governance workflows, it represents an adjacent competitor for the document-and-approval portion of board workflows.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Praxonomy social profiles
Digital presencePraxonomy compliance and trust
Trust signalCompliance5 records
Praxonomy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Praxonomy leadership team
Management profileNumber of profiles
Profiles1 record
Praxonomy funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Praxonomy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Praxonomy
What does Praxonomy do?
Praxonomy develops and sells Boardlogic, a cloud-based SaaS board management and collaboration platform purpose-built for boards of directors, company secretaries, and board administrators. The platform centralizes board meeting administration, secure document sharing, electronic voting, e-signatures, meeting minutes, and secure communications, replacing manual paper-based board processes with a digital workflow.
Is Praxonomy a public or private company?
Praxonomy is a private company. It is classified as venture growth investor backed and is currently operating.
When was Praxonomy founded?
Praxonomy was founded in 2017. It employs 11 to 50 people.
Where is Praxonomy based?
Praxonomy is headquartered in London, United Kingdom, in the Europe region.
How does Praxonomy make money?
Two revenue lines are on record. Annual SaaS Subscription is the primary driver. The others are nonprofit Donation Program.
Who are Praxonomy's main competitors?
Broad incumbents on record are Diligent, Nasdaq Boardvantage and Microsoft Teams / SharePoint. Direct peers are OnBoard (by Passageways), Azeus Convene, BoardEffect, iDeals Board, BoardPad and Directorpoint. DocuSign is listed as an emerging player.
Does Praxonomy have an API?
No public API is recorded for Praxonomy.
What industry is Praxonomy in?
Praxonomy's product category is Board Management Software. Its primary akta.pro industry code is HDAEAKAE, Process & Case Management Low-Code Platforms. Its NAICS code is 513210 and its SIC code is 7372.