About Avento
Avento is a company based in Mechelen (Belgium) founded in 1992 by Andre Knaepen was acquired by Citymesh in December 2020.. Avento has completed 11 acquisitions, including BRAIN FORCE, Cegeka and Citymesh. Avento offers products and services including Hybrid Cloud, Data & AI, and Cyber Security. Avento operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Mechelen, Belgium
- Founders Andre Knaepen
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Cegeka
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Citymesh
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
BRAIN FORCE
& 10 more
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Acquired by
Citymesh
(Dec 01, 2020)
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Products & Services of Avento
Avento offers a comprehensive portfolio of products and services, including Hybrid Cloud, Data & AI, and Cyber Security. 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.
Solutions for business cloud adoption and management
Tools to enable data-driven decision making with AI
Enhances organizational resilience against cyber threats
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Funding Insights of Avento
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2017 | Amount | Private Equity Round - Avento | Valuation | Gimv |
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| Jul, 2017 | Amount | Grant - Avento | Valuation |
investors |
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| Aug, 2016 | Amount | Grant - Avento | Valuation |
investors |
| 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 |
Investors in Avento
Avento has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Citymesh, Gimv and European Union. 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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Private equity firm
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Wireless internet services are operated in Belgium by Citymesh.
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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 Avento
Avento has strategically engaged in corporate development activities, having acquired 11 companies. Notable acquisitions include BRAIN FORCE, Cegeka and Citymesh. 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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Managed cloud services are delivered to enterprise clients.
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2011 | ||||
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Cloud management, IT consulting, and infrastructure services are provided.
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2011 | ||||
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Broadband services are provided to users in Belgium.
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2009 |
| 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 - Avento
| 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 |
Avento Comparisons
Competitors of Avento
Avento 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
IT and management consultancy services are provided globally.
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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
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 Avento
Frequently Asked Questions about Avento
When was Avento founded?
Avento was founded in 1992 and raised its 1st funding round 24 years after it was founded.
Where is Avento located?
Avento is headquartered in Mechelen, Belgium. It is registered at Mechelen, Antwerp, Belgium.
What does Avento do?
Provider of IT solutions and services across diverse industries. It offers a broad portfolio encompassing application services, business solutions, quality engineering, data and AI, digital workplaces, cybersecurity, networking, regulatory compliance, and hybrid cloud solutions. The company provides services through various engagement models, including outsourcing, managed services, and team extension. Its industry-specific services address unique challenges and opportunities in sectors such as healthcare, manufacturing, finance, and agriculture. The focus is on helping clients modernize and innovate their IT infrastructure while managing legacy systems.
Who are the top competitors of Avento?
Avento's top competitors include Happiest Minds, Mavenir and GirnarSOFT.
What products or services does Avento offer?
Avento offers Hybrid Cloud, Data & AI, and Cyber Security.
How many acquisitions has Avento made?
Avento has made 11 acquisitions, including BRAIN FORCE, Cegeka, and Citymesh.
Who are Avento's investors?
Avento has 3 investors. Key investors include Citymesh, Gimv, and European Union.
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