About ACT Business Machines
ACT Business Machines is a company based in Chattanooga (United States) founded in 1962 was acquired by Novatech in March 2023. It operates as a Managed Services, and Professional Services. ACT Business Machines offers products and services including Managed IT, Document Solutions, and Business Phone Services. ACT Business Machines operates in a competitive market with competitors including UST, Breed Reply, Globant, NTT DATA and 1&1 IONOS, among others.
- Headquarter Chattanooga, United States
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Act Business Machines Inc.
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Products & Services of ACT Business Machines
ACT Business Machines offers a comprehensive portfolio of products and services, including Managed IT, Document Solutions, and Business Phone Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
IT systems maintenance and security are provided efficiently.
Document management and printing solutions are offered comprehensively.
Hosted phone systems for businesses are provided effectively.
Funding Insights of ACT Business Machines
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ACT Business Machines
ACT Business Machines has secured backing from 1 investor. Prominent investors backing the company include Novatech. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Managed IT services are provided to enterprises by Novatech.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ACT Business Machines
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ACT Business Machines
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Act Business Machines Comparisons
Competitors of ACT Business Machines
ACT Business Machines operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, Breed Reply, Globant, NTT DATA and 1&1 IONOS, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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AI, cloud, and blockchain services are provided globally.
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IT and digital transformation services are delivered to various industries.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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Provider of end-to-end business process outsourcing services
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about ACT Business Machines
When was ACT Business Machines founded?
ACT Business Machines was founded in 1962.
Where is ACT Business Machines located?
ACT Business Machines is headquartered in Chattanooga, United States. It is registered at Chattanooga, Tennessee, United States.
What does ACT Business Machines do?
ACT Business Machines is involved in delivering comprehensive IT services, document solutions, and business phone systems. Managed IT services are provided to ensure system security and uptime, minimizing downtime for businesses. Document solutions, including managed print and equipment, are offered to cover office needs. Hosted phone systems are supplied for communication across various business sizes. The company serves multiple sectors with a focus on technology and productivity enhancement.
Who are the top competitors of ACT Business Machines?
What products or services does ACT Business Machines offer?
ACT Business Machines offers Managed IT, Document Solutions, and Business Phone Services.
Who are ACT Business Machines's investors?
ACT Business Machines has 1 investor. Key investors include Novatech.