Binary
About Binary
Binary is a company based in Spain was acquired by Asolvi in April 2023. It operates as a SaaS (Software-as-a-Service), and Managed Services. Binary offers products and services including iTestor, Protecnus, and Provion. Binary operates in a competitive market with competitors including AKQA, Unicorn, Gigster, Hancom and AlmavivA, among others.
- Headquarter Spain
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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
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- Legal Name Binary
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Products & Services of Binary
Binary offers a comprehensive portfolio of products and services, including iTestor, Protecnus, and Provion. 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.
Software for managing preventive and corrective maintenance tasks.
Platform for real-time security services monitoring online.
Web-based software for managing business processes efficiently.
Funding Insights of Binary
| 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 Binary
Binary has secured backing from 1 investor. Prominent investors backing the company include Asolvi. 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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Field service management software is provided for SMEs.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Binary
| 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 - Binary
| 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 |
Binary Comparisons
Competitors of Binary
Binary 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 AKQA, Unicorn, Gigster, Hancom and AlmavivA, 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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Integrated digital marketing campaigns are developed and executed across channels.
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Software development services are provided by Unicorn in Prague.
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Software development services are provided via an AI-powered platform.
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Technology conglomerate spanning AI, blockchain, IoT, and mobility solutions.
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IT services suite solutions are provided globally by AlmavivA.
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Mobile application development and UX design services are provided.
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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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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Binary
Where is Binary located?
Binary is headquartered in Spain.
What does Binary do?
Binary is focused on creating enterprise software for efficient business management. Solutions are provided for sectors like security, maintenance, fire protection, and document management. Web-based ERP and CRM tools are developed to integrate and manage business processes. Custom software and mobile applications are also offered to optimize operations across various industries in multiple countries.
Who are the top competitors of Binary?
Binary's top competitors include RedShelf, Unicorn and Hedgehog lab.
What products or services does Binary offer?
Binary offers iTestor, Protecnus, and Provion.
Who are Binary's investors?
Binary has 1 investor. Key investors include Asolvi.
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