About CommIT
CommIT is a company based in Petah Tikva (Israel) founded in 2005 by Arik Faingold, Idan Faingold, Anatoly Koushnir, and Ohad Dallal. It operates as a B2B. CommIT has completed 1 acquisition, including ITSOFT. CommIT offers products and services including Generative AI & ML, Cloud & Managed Services, Software Development, Cyber & Security, and Data & Analytics. CommIT operates in a competitive market with competitors including AKQA, Hancom, AlmavivA, Hedgehog lab and Waracle, among others.
- Headquarter Petah Tikva, Israel
- Founders Arik Faingold, Idan Faingold, Anatoly Koushnir, Ohad Dallal
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Sectors
Technology
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Annual Revenue
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- Investments & Acquisitions
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Products & Services of CommIT
CommIT offers a comprehensive portfolio of products and services, including Generative AI & ML, Cloud & Managed Services, Software Development, Cyber & Security, and Data & Analytics. 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.
Provides AI and machine learning solutions for business innovation
Offers cloud management and multi-cloud strategies for enterprises
Delivers custom software and product development for clients
Provides cybersecurity and data protection solutions globally
Handles big data and analytics for business insights
Funding Insights of CommIT
| 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 CommIT
CommIT has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ITSOFT. 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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Provider of software development, UX designing, testing, and other services
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2008 |
| 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 - CommIT
| 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 |
Commit Comparisons
Competitors of CommIT
CommIT 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, Hancom, AlmavivA, Hedgehog lab and Waracle, 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 |
Integrated digital marketing campaigns are developed and executed across channels.
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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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Mobile apps and IoT solutions are developed across platforms.
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Offshore enterprise application development and IT consulting services are provided.
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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 CommIT
When was CommIT founded?
CommIT was founded in 2005.
Where is CommIT located?
CommIT is headquartered in Petah Tikva, Israel. It is registered at Petah Tikva, Central District, Israel.
Who is the current CEO of CommIT?
Idan Faingold is the current CEO of CommIT. They have also founded this company.
What does CommIT do?
Commit is an IT services company that delivers solutions in generative AI, machine learning, cloud management, software development, embedded systems, IoT, cybersecurity, data analytics, and big data. They operate through offshore capabilities and serve global clients by providing innovative tech support and infrastructure. Based in locations like Israel and the USA, Commit focuses on empowering businesses with multi-cloud strategies and secure operations to enhance efficiency and innovation.
Who are the top competitors of CommIT?
CommIT's top competitors include Hedgehog lab, AlmavivA and AKQA.
What products or services does CommIT offer?
CommIT offers Generative AI & ML, Cloud & Managed Services, Software Development, Cyber & Security, and Data & Analytics.
How many acquisitions has CommIT made?
CommIT has made 1 acquisition, including ITSOFT.