About Codit
Codit is a company based in Ghent (Belgium) founded in 1999 by Bernard Lenssens was acquired by Proximus Group in July 2018. It operates as a Managed Services, and SaaS (Software-as-a-Service). The company has 58 employees as of December 31, 2022. Codit offers products and services including Data and Application Integration, IoT Solutions, Cloud Architecture, Managed Services, and API Connectivity. Codit operates in a competitive market with competitors including Informatica, Jitterbit, Software AG, Boomi and MuleSoft, among others.
- Headquarter Ghent, Belgium
- Employees 58 as on 31 Dec, 2022
- Founders Bernard Lenssens
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Codit
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Annual Revenue
$14.05 M (USD)-18as on Dec 31, 2022
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Net Profit
$1.2 M (USD)-36as on Dec 31, 2022
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EBITDA
$1.75 M (USD)-54as on Dec 31, 2022
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Latest Funding Round
- Investors
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Employee Count
58
as on Dec 31, 2022
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Acquired by
Proximus Group
(Jul 16, 2018)
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Products & Services of Codit
Codit offers a comprehensive portfolio of products and services, including Data and Application Integration, IoT Solutions, Cloud Architecture, Managed Services, and API Connectivity. 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.
Systems are integrated to accelerate innovation and growth.
IoT projects are guided from ideation to realization.
Businesses are future-proofed with cloud or hybrid solutions.
Systems are maintained and updated for optimal performance.
APIs are leveraged to connect systems and data.
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Funding Insights of Codit
| 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 Codit
Codit has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Proximus Group. 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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Telephony, internet, television, and network-based ICT services are provided.
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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 Codit
| 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 - Codit
| 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 |
Codit Comparisons
Competitors of Codit
Codit 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 Informatica, Jitterbit, Software AG, Boomi and MuleSoft, 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 |
Cloud based enterprise data preparation and management platform
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| domain | founded_year | HQ Location |
API management software is provided for lifecycle development and monitoring.
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| domain | founded_year | HQ Location |
Provider of data integration, application modernization, and digital transformation solutions
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| domain | founded_year | HQ Location |
Cloud-based API management and iPaaS solutions are delivered for integrations.
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| domain | founded_year | HQ Location |
Cloud-based API management and integration solutions are offered.
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| domain | founded_year | HQ Location |
Cloud platform - integrates multiple SaaS applications to create business processes
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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 Codit
Frequently Asked Questions about Codit
When was Codit founded?
Codit was founded in 1999.
Where is Codit located?
Codit is headquartered in Ghent, Belgium. It is registered at Ghent, East Flanders, Belgium.
How many employees does Codit have?
As of Dec 31, 2022, the latest employee count at Codit is 58.
What is the annual revenue of Codit?
Annual revenue of Codit is $14.05M as on Dec 31, 2022.
What does Codit do?
Codit is involved in designing, building, and running data-driven solutions using Microsoft Azure. The company specializes in integration solutions, IoT projects, cloud architecture, and managed services. Sectors served include logistics, retail, maritime, and industrial sectors. Solutions are tailored to enhance digital transformation, application modernization, and data connectivity through APIs. Codit is recognized as a Microsoft Azure Expert MSP, ensuring high-level expertise in cloud technology for its clients across Europe.
Who are the top competitors of Codit?
Codit's top competitors include Jitterbit, MuleSoft and Informatica.
What products or services does Codit offer?
Codit offers Data and Application Integration, IoT Solutions, Cloud Architecture, Managed Services, and API Connectivity.
Who are Codit's investors?
Codit has 1 investor. Key investors include Proximus Group.
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