What Annex does

Annex operates a cloud-based B2B marketplace that connects organizations with independent service providers for off-site document storage, records management, and secure destruction services including onsite shredding, recurring shredding, archive box storage, and hard drive destruction. The platform is delivered through a self-serve web interface backed by the O'Neil Cloud infrastructure and interoperates with O'Neil Stratus for operational records management, positioning Annex as a purchasing and coordination layer rather than a replacement for existing record center systems. The architecture combines a marketplace layer (provider listings, pricing, and transactions), an information management layer (centralized system of record for physical records inventory and metadata), and a workflow and transaction layer (standardized service requests and order management).

The business model is dual: marketplace transaction fees on services sold through the platform, and subscription or access revenue for organizations using Annex to source, coordinate, and manage vendor relationships. Distribution is primarily direct and digital-first via annex.com, with channel reinforcement through O'Neil Software's 40+ year enterprise relationships and NAID AAA Certified providers that bring regulated chain-of-custody capability. The platform is positioned across nine verticals including healthcare, legal, financial services, government, education, real estate, retail, small business, and arts and entertainment, with SOC 2 Type 2, ISO 27001:2022, and EU-U.S. Privacy Shield compliance supporting adoption in regulated industries.

Annex is a privately held California LLC, founded in 2023, headquartered in Irvine, and operates as a subsidiary of O'Neil Software with Aaron Ryssemus serving as Founder & CEO. The company does not disclose revenue, funding rounds, or named customer logos in the available source material. Geographic markets served are the United States, Canada, and the United Kingdom, while underlying O'Neil Cloud infrastructure extends to more than 90 countries. No AI/ML capabilities, developer APIs, or third-party model integrations are described in current source data.

Name

Annex

Legal name

Annex.com, LLC

Website

https://annex.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

Annex is a B2B cloud marketplace connecting organizations with 200+ independent service providers for off-site document storage and secure destruction, serving healthcare, legal, financial, government, education, and other verticals across the US, Canada, and the UK.

Ownership category

akta.pro rank

Product category

Records Management Marketplace

NAICS

Business Support Services (5614)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Facilities Support Management Services (8744)

akta.pro primary industry

B2B Agent/Partner Booking Portals (Extranet) (THALADAJ)

akta.pro secondary industry

B2B/EDI & Partner Integration (BPAMAOAJ)

Keywords

• Document storage services
• Records management platform
• Secure shredding services
• B2B marketplace platform
• Off-site records storage

Headquarters

HQ city

Irvine

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Digital Commerce or Content

Cost components

Technology or R&D, Marketing or Sales, Personnel, Operations

Revenue model

1. Marketplace Transaction Fees: Platform enables transactions between organizations and service providers for document storage, shredding, and related services. Revenue generated from facilitating these transactions.
2. Platform Subscription/Access: Organizations access the platform to source, purchase, and manage records services. The platform provides centralized coordination, vendor management, and service activity tracking.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Annex operates a B2B cloud-based marketplace platform that connects organizations with 200+ independent service providers for off-site document storage and secure destruction services, including onsite shredding, recurring shredding, archive box storage, and hard drive destruction. The platform provides centralized purchasing, an information management system of record, and workflow orchestration for the physical records lifecycle across 90+ countries.

Product overview

Annex is a unified B2B marketplace and information management platform for physical records services. The core offering consists of the Annex Platform, which combines a marketplace layer (where service providers list and organizations purchase document storage, records management, and shredding services), an information management layer (acting as a system of record for physical records inventory and metadata), and a workflow and transaction layer (orchestrating service requests, order management, and coordination). Annex operates alongside O'Neil Cloud for cloud-based data storage and O'Neil Stratus for operational records management, providing interoperability with these systems rather than replacing them. The platform also includes an App Marketplace for extended functionality.

Differentiator

Problem solved

Functional benefit

Products and services

• Annex Platform A B2B marketplace and information management platform that enables organizations to source, purchase, and manage physical records services including document storage, records management, and secure destruction (shredding). The platform connects businesses with independent service providers while providing a centralized system to manage records, service activity, and vendor relationships.
• Annex Marketplace Digital marketplace layer within the Annex Platform where service providers list services, define offerings and pricing, and organizations can search, compare, and purchase services including onsite shredding, recurring shredding, archive box storage, and hard drive destruction through a standardized interface.
• Annex App Marketplace Application marketplace offering access to additional tools and services that integrate with the Annex Platform for extended functionality.
• O'Neil Cloud Cloud-based web services platform providing storage of data in an online repository. Designed to help companies manage their off-site records stored at commercial record centers, with servers located in the U.S., Australia, and Ireland. Data at rest is encrypted.
• O'Neil Stratus Operational records management platform that handles inventory, retention, workflows, and billing for physical records lifecycle management. Annex works alongside this system to improve how services are purchased, coordinated, and tracked.

Segments9 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• O'Neil SoftwarecoreOthersO'Neil Software is the parent company and innovator behind Annex. With 40+ years of industry experience, O'Neil Software provides the technological foundation (O'Neil Cloud), operational systems (O'Neil Stratus), and market relationships that power Annex. Annex operates as an O'Neil Software Innovation.
• NAID AAA Certified Service ProviderscoreOthersAnnex's marketplace includes NAID AAA Certified service providers who follow strict chain-of-custody protocols for secure handling, transportation, storage, and destruction of records.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Shred Nations: B2B referral and comparison platform for shredding service providers, enabling quote generation and provider matching. Operates a similar buyer-side comparison model, though focused narrowly on shredding.
• RecordNation: Online marketplace that connects businesses with local records storage and shredding vendors via a comparison-and-quote flow. Structurally the closest small-scale marketplace analog to Annex.

Broad incumbents

• Iron Mountain: The largest global records and information management services company, offering physical storage, shredding, and digital services. Comparable to Annex as the dominant incumbent in the same regulated records-management category Annex is digitizing.
• Access Information Management: Records management, secure shredding, and information governance provider serving regulated industries. Overlaps with Annex's healthcare, legal, and financial verticals and target buyer profile.
• Stericycle / Shred-it: Large-scale document destruction and records-management services provider operating across North America. Comparable to Annex via shared shredding and records services buyers, though distributed through direct (non-marketplace) sales channels.

Regional players

• DocuVault: Regional records storage, scanning, and shredding provider serving the Mid-Atlantic US. Comparable as a physical-records operator that Annex's marketplace might list or compete against in select metros.
• Corodata: West Coast-based records storage and document destruction provider, comparable to one of Annex's regional marketplace providers and a representative example of the fragmented operator base Annex aggregates.

Others

• Iron Mountain Connected (formerly AutoFile / Records Management digital tools): Iron Mountain's digital workflow, automation, and records coordination tools extend the incumbent into adjacent platform territory. Comparable to Annex's information management and workflow layers from the perspective of buyer-side functionality.
• ServiceNow App Marketplace / emerging B2B service marketplaces: Large enterprise platform app ecosystems (ServiceNow, Salesforce) represent the longer-horizon competitive frame for Annex's App Marketplace concept. Comparable as analogous platform-and-app-marketplace business models.

Emerging players

• VaultLogix: Cloud-based records management software provider for records centers, intersecting with Annex's information management and workflow layers via shared end buyers (records centers and their enterprise customers).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/annex_com
• YouTubeyoutube.com/@Annex-com
• LinkedInlinkedin.com/company/annex-dot-com

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Annex