About Ascendion
Ascendion is a company based in Basking Ridge (United States) founded in 2022. It operates as a B2B. The company has 2,082 employees as of March 31, 2024. Ascendion has completed 2 acquisitions, including Nitor Infotech and UXReactor. Ascendion offers products and services including ASCENDION AVA+, Applied AI, and Data AI. Ascendion operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Basking Ridge, United States
- Employees 2082 as on 31 Mar, 2024
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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 Ascendion Engineering Private Limited
- Date of Incorporation 01 Dec, 2016
- Jurisdiction Vadodara, Gujarat, India
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Annual Revenue
$76.04 M (USD)0as on Mar 31, 2024
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Net Profit
$8.82 M (USD)0as on Mar 31, 2024
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EBITDA
$12.04 M (USD)0as on Mar 31, 2024
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Latest Funding Round
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Investors
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Employee Count
2082
as on Mar 31, 2024
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Investments & Acquisitions
Nitor Infotech
& 1 more
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Products & Services of Ascendion
Ascendion offers a comprehensive portfolio of products and services, including ASCENDION AVA+, Applied AI, and Data AI. 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.
Platform that enhances software engineering workflows with AI tools
Services for modernizing technology and driving innovation
AI-powered solutions for data analytics and transformation
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Software Development Team
112 people
Leadership Team
75 people
Senior Team
40 people
Human Resources and Administration
19 people
Finance and Accounting
16 people
Lead Team
11 people
Principal Team
9 people
Sales and Marketing
8 people
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Funding Insights of Ascendion
| 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 |
Investments & Acquisitions by Ascendion
Ascendion has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Nitor Infotech and UXReactor. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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UI/UX design and development services are provided globally.
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2014 | ||||
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Nitor Infotech is a Digital Enterprise that provides cutting edge solutions in the portals, collaboration, and Business intelligence and performance management
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2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ascendion
| 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 |
Ascendion Comparisons
Competitors of Ascendion
Ascendion 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, Genpact, 1&1 IONOS, Happiest Minds and Accenture, 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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Provider of end-to-end business process outsourcing services
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Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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IT outsourcing services are delivered across multiple business lines.
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IT and management consultancy services are provided globally.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
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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Latest news on Ascendion
Frequently Asked Questions about Ascendion
When was Ascendion founded?
Ascendion was founded in 2022.
Where is Ascendion located?
Ascendion is headquartered in Basking Ridge, United States. It is registered at Basking Ridge, New Jersey, United States.
How many employees does Ascendion have?
As of Mar 31, 2024, the latest employee count at Ascendion is 2,082.
What is the annual revenue of Ascendion?
Annual revenue of Ascendion is $76.04M as on Mar 31, 2024.
What does Ascendion do?
Ascendion specializes in AI-enhanced engineering, offering services such as applied AI, data AI, and platform engineering to modernize legacy systems. They focus on innovation through tools like ASCENDION AVA, serving clients in banking, healthcare, retail, and more. Headquartered in New Jersey, they partner with enterprises to improve efficiency and drive digital solutions globally.
Who are the top competitors of Ascendion?
Ascendion's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
What products or services does Ascendion offer?
Ascendion offers ASCENDION AVA+, Applied AI, and Data AI.
How many acquisitions has Ascendion made?
Ascendion has made 2 acquisitions, including Nitor Infotech, and UXReactor.