About Accion Labs
Accion Labs is a Technology company based in Pittsburgh (United States) founded in 2011 by Tony Kernan and Kinesh Doshi. Software Technology Services Firm. Accion Labs has raised $93 million across 2 funding rounds from investors including True North, TA Associates and Basil Partners. The company has 1,483 employees. Accion Labs has completed 3 acquisitions, including Parinati Solutions, SM NETSERVProtected Tweets and Serviceberry. Its chief executive, as recorded, is Kinesh Doshi. Its website accionlabs.com draws about 38 thousand monthly visits. Its Indian entity Accion Labs India Private Limited reported revenue of ₹178 Cr. Accion Labs offers products and services including Product Engineering, Data Analytics, Automation, and Cloud Services. Its focus areas include Business Services, IT Services and Suite. Its competitors include 1&1 IONOS, Genpact and Epam; 1 of its 3 listed competitors has raised funding.
Company details
Accion Labs is a technology services firm. Depending on the size of companies, they help agencies conceptualize, design, develop and deploy commercial software products using technologies such as Web 2.0, SaaS, Cloud, Open-source, BIDW, Mobile and Big Data. Their clients include consumer product firms, enterprise software firms, SaaS firms and e-business organizations. Through its time-tested flexible agile and white-box engagement model, the Collaborative Product Delivery (CPD) model, we help our clients deliver software products faster, better and cheaper. They also offer a range of engagement models such as strategic consulting, value-added staffing, turn-key projects offshore leveraged extended-delivery models and a number of outcome-oriented collaborative development models. It is Delaware-based with headquarters in Pittsburgh and offices in multiple locations in the US, India and Singapore.
- Headquarters Pittsburgh, United States
- Employees 1,483
- Founders Tony Kernan, Kinesh Doshi
- SectorsTechnology
- Website accionlabs.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Accion Labs India Private Limited
- Date of Incorporation 10 Dec, 2012
- Jurisdiction Mumbai, Maharashtra, India
- Indian entity revenue₹178 Cr
FY 2020 · +34% YoY
- Indian entity net profit₹17.87 Cr
FY 2020 · 10% margin
- Indian entity EBITDA₹26.33 Cr
FY 2020 · 14% margin
- Total Equity Funding$93M (USD)
in 2 rounds
- Latest Funding Round$93M (USD), Series A
Sep 2022
- InvestorsTrue North
& 2 more
- Employee Count1,483
- Investments & AcquisitionsParinati Solutions
& 2 more
Associated legal entities of Accion Labs
Accion Labs is associated with 3 registered companies on The Company Check; the primary company is Accion Labs India Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Accion Labs India Private Limited CIN U72200MH2012FTC351899 | Amalgamated | 10 Dec 2012 | Mumbai, Maharashtra | ₹178 Cr | 1,483 | 2 | View details |
| E-Zest Solutions Limited CIN U72100PN2000PLC144013 | Amalgamated | 08 Aug 2000 | Pune, Maharashtra | ₹171 Cr | 25 | 8 | View details |
| Accion Technologies Private Limited CIN U72200MH2007PTC211221 | Active | 07 Feb 2007 | Mumbai, Maharashtra | ₹698 Cr | 1,930 | 3 | View details |
Products & Services of Accion Labs
Accion Labs offers a comprehensive portfolio of products and services, including Product Engineering, Data Analytics, Automation, and Cloud Services.
Facilitates digital transformation with customized products
Provides insights through big data and analytics tools
Integrates RPA and automation for operational efficiency
Offers migration and management on AWS and Azure
Apps and channels of Accion Labs
its YouTube channel Accion Labs has 639 subscribers and 30 videos.
Videos from Accion Labs
The most watched videos on Accion Labs's YouTube channel, Accion Labs (639 subscribers). Click a video to play it here.
More on Accion Labs.
Funding Insights of Accion Labs
Accion Labs has successfully raised a total of $93M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $93 million completed in September 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $93M
- Total Rounds 2
- Last Round Series A — $93M
- Investors Count 3
All 2 funding rounds of Accion Labs with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2022 | $93M | Series A | – | True North | – |
| Mar 2020 | Seed | – | TA |
3 investors in total: 3 institutional.
Investors in Accion Labs
Accion Labs has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include True North, TA Associates and Basil Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity is invested by True North in mid-market companies. | truenorth.co.in | Mumbai, India | ||
Multiple sectors are invested in by private equity firm TA. | ta.com | Boston, United States | ||
Tech and Life Sciences focused VC firm investing in the US and India | basilpartners.com | Singapore, Singapore |
Investor details for Accion Labs
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Accion Labs India Private Limited (Accion Labs)
Accion Labs India Private Limited is the primary company behind Accion Labs. The boards of the 3 registered companies of Accion Labs currently have 9 directors; the longest-serving is Devendra Baburao Deshmukh, appointed in 2000. 23 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Devendra Baburao Deshmukh DIN 00377971 | Managing Director | 08 Aug 2000 | 26 yrs 3 mo | E-Zest Solutions Limited |
| Amol Ramesh Pande DIN 01416538 | Whole-time director | 08 Aug 2000 | 26 yrs 3 mo | E-Zest Solutions Limited |
| Ashutosh Maruti Bijoor DIN 01425999 | Director | 07 Feb 2007 | 19 yrs 9 mo | Accion Technologies Private Limited |
| Gopichand Bhattaram DIN 01592582 | Director | 10 Dec 2012 | 13 yrs 11 mo | Accion Labs India Private Limited |
| Ramesh Narasimhan DIN 02044072 | Director | 29 May 2015 | 11 yrs 5 mo | Accion Labs India Private Limited, Accion Technologies Private Limited |
| Sunil Sitaram Sardesai DIN 03402638 | CFO | 18 May 2018 | 8 yrs 5 mo | E-Zest Solutions Limited |
| Dhiraj Poddar DIN 01946905 | Director | 31 Mar 2021 | 5 yrs 7 mo | E-Zest Solutions Limited |
| Aneesh Garg DIN 03317491 | Director | 13 Dec 2021 | 4 yrs 10 mo | Accion Technologies Private Limited, E-Zest Solutions Limited |
| Kinesh Kumar Doshi DIN 09401745 | Additional Director | 22 Dec 2021 | 4 yrs 10 mo | E-Zest Solutions Limited |
People of Accion Labs
154 people are tracked at Accion Labs (51 in leadership, 103 in team); the tracked headcount is 1,483.
| Name | Role | Group |
|---|---|---|
Tony Kernan | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
| Managing Director | Leadership | |
| Managing Director | Leadership | |
Vuttalooru Latha | Sr.director Delivery And Client Services | Leadership |
Jakob Ketchum | Sales Director | Leadership |
Rajate Mathur | Director Of Client Engagement | Leadership |
Pat Carrick | Director Of Sales | Leadership |
Karteek Yadavilli | Field CTO | Leadership |
Sachin Saxena | Senior Client Partner | Leadership |
Francisco Gonzalez | Head Of Delivery - Latin America | Leadership |
Mikunj Joshi | Business Unit Head, Healthcare Innovation And Digital Transformation | Leadership |
| Group Chief Financial Officer | Leadership | |
Amirthalingam Subramanian | Director - APAC | Leadership |
Lee Groff | President | Leadership |
Anand Raja | President And Chief Revenue Officer (cro) | Leadership |
Satyajit Bandyopadhyay | Chief Customer Officer | Leadership |
Swathi Kadoor | Senior Delivery Director | Leadership |
Santosh Saboo | SVP & Head of Professional Services | Leadership |
Nikhil Damwani | Delivery Director | Leadership |
134 more people are available in the full profile.
Complete people profiles for Accion Labs
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Accion Labs
Figures of Accion Labs India Private Limited, the primary company behind Accion Labs, for FY 2020. Revenue was ₹178 Cr (+34% year on year). Net profit was ₹17.87 Cr (10% margin). EBITDA was ₹26.33 Cr (14% margin).
- ₹178 CrRevenue · FY 2020 · +34% YoY
- ₹17.87 CrNet profit · 10% margin
- ₹26.33 CrEBITDA · 14% margin
- ₹50 LakhPaid-up capital
- 1,483Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Accion Labs India Private Limited are on its company page.
Detailed financial statements for Accion Labs
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Investments & Acquisitions by Accion Labs
Accion Labs has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Parinati Solutions, SM NETSERVProtected Tweets and Serviceberry.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Offers IT services including product engineering, testing, and cloud solutions to businesses. | smnetserv.com | Bengaluru, India | 2001 | Sep 2025 | •••• | |
Application development, maintenance and quality assurance services | parinati.in | Mumbai, India | 2010 | Sep 2015 | •••• | |
IT operations and hybrid cloud management solutions are provided. | service-berry.com | Mumbai, India | 2008 | Jul 2014 | •••• |
Complete acquisition details for Accion Labs
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Accion Labs
6 dated milestones of Accion Labs across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Accion Labs is founded.
- Acquisition Acquires Serviceberry.
- Acquisition Acquires Parinati Solutions.
- Funding First funding round.
- Funding Latest funding round, Series A, of $93.0M.
- Acquisition Acquires SM NETSERVProtected Tweets.
Competitors of Accion Labs
Accion Labs has 3 listed competitors in our database, 1 of them funded. They include 1&1 IONOS, Genpact and Epam.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ionos.com | 1988 | Chesterbrook, United States | 134 | Cloud infrastructure and hosting services are provided by 1&1 IONOS. | ||
| genpact.com | 1997 | New York, United States | 129,140 | Provider of end-to-end business process outsourcing services | ||
| epam.com | 1993 | Newtown Square, United States | $50M | Provider of software development, data analytics, and other IT suite services |
Detailed competitors of Accion Labs
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Accion Labs
The website of Accion Labs (accionlabs.com) receives about 38.4K visits a month.
- Monthly visits38.4K
▲ 30.4% vs previous month
Websites whose visitors overlap most with Accion Labs. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
microsoft365.com | microsoft365.com | 100% | #13,057 | – | |
| plutora.com | 97% | 1.5K | #10,931,483 | View details | |
| programmr.com | 97% | View details | |||
| ideone.com | 97% | #225,736 | View details | ||
| atlassian.com | 97% | 33.6M | #1,383 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 29 similar websites and full traffic analytics for Accion Labs
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- 29 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in IT Services & Operations
3 companies that operate in the same segment as Accion Labs (IT Services & Operations) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 4,473 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 |
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Related news about Accion Labs
Complete news archive for Accion Labs
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Frequently Asked Questions about Accion Labs
Accion Labs was founded in 2011 and raised its 1st funding round 9 years after it was founded.
Accion Labs is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Kinesh Doshi is the CEO of Accion Labs, as recorded in our data. They have also founded this company.
Accion Labs is a funded company, having raised a total of $93M across 2 funding rounds to date.
Accion Labs has 1,483 employees.
The primary company behind Accion Labs, Accion Labs India Private Limited, reported revenue of ₹178 Cr for FY 2020, up 34% year on year.
Accion Labs is a technology services firm. Depending on the size of companies, they help agencies conceptualize, design, develop and deploy commercial software products using technologies such as Web 2.0, SaaS, Cloud, Open-source, BIDW, Mobile and Big Data. Their clients include consumer product firms, enterprise software firms, SaaS firms and e-business organizations. Through its time-tested flexible agile and white-box engagement model, the Collaborative Product Delivery (CPD) model, we help our clients deliver software products faster, better and cheaper. They also offer a range of engagement models such as strategic consulting, value-added staffing, turn-key projects offshore leveraged extended-delivery models and a number of outcome-oriented collaborative development models. It is Delaware-based with headquarters in Pittsburgh and offices in multiple locations in the US, India and Singapore.
Accion Labs offers Product Engineering, Data Analytics, Automation, and Cloud Services.
Accion Labs has made 3 acquisitions, including Parinati Solutions, SM NETSERVProtected Tweets, and Serviceberry.
Accion Labs has 3 investors. Key investors include True North, TA Associates, and Basil Partners.
Accion Labs is associated with 3 legal entities: Accion Labs India Private Limited, Accion Technologies Private Limited, E-Zest Solutions Limited.