About Congruent Solutions
Congruent Solutions is a company based in Cupertino (United States) founded in 2000 by Balaraman Jayaraman. It operates as a SaaS (Software-as-a-Service) and Managed Services. Congruent Solutions has raised $1.34 million across 1 funding round from investors including Fulcrum PE. The company has 431 employees as of March 22, 2024. Congruent Solutions has completed 1 acquisition, including IPX Retirement. Congruent Solutions offers products and services including CORE Platform, Retirement Edge, and Plan Administration Services. Congruent Solutions operates in a competitive market with competitors including Genpact, Datamatics, Quess, Sutherland and TaskUs, among others.
- Headquarter Cupertino, United States
- Employees 431 as on 22 Mar, 2024
- Founders Balaraman Jayaraman
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Sectors
Business Services
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Phone
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Website
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Social
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- Legal Name Congruent Solutions Inc.
- Date of Incorporation 02 Jul, 1986
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$10.58 M (USD)43.12as on Mar 31, 2023
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Net Profit
$1.85 M (USD)35.36as on Mar 31, 2023
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EBITDA
$2.49 M (USD)26.54as on Mar 31, 2023
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Total Equity Funding
$1.34 M (USD)
in 1 rounds
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Latest Funding Round
$1.34 M (USD), Seed
Jul 22, 2013
- Investors
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Employee Count
431
as on Mar 22, 2024
- Investments & Acquisitions
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Products & Services of Congruent Solutions
Congruent Solutions offers a comprehensive portfolio of products and services, including CORE Platform, Retirement Edge, and Plan Administration Services.
Retirement recordkeeping platform is provided for plan administration.
Software for retirement plan restatements is offered efficiently.
Comprehensive services for retirement plan lifecycle are delivered.
People of Congruent Solutions
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Funding Insights of Congruent Solutions
Congruent Solutions has successfully raised a total of $1.34M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.34 million completed in July 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Congruent Solutions
Congruent Solutions has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Fulcrum PE.
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Potato farming, grain marketing, and equipment services are conducted in Maine.
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Investor details for Congruent Solutions
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Investments & Acquisitions by Congruent Solutions
Congruent Solutions has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include IPX Retirement.
Investment portfolio details for Congruent Solutions
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Investment and financial advisory services for retirement are provided.
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Complete acquisition details for Congruent Solutions
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Financial Statements - Congruent Solutions
Detailed financials for Congruent Solutions
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Congruent Solutions Comparisons
Peer comparison for Congruent Solutions
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Competitors of Congruent Solutions
Congruent Solutions 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 Genpact, Datamatics, Quess, Sutherland and TaskUs, among others.
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Provider of end-to-end business process outsourcing services
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Cloud-based text analytics and cognitive automation services are provided.
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Provider of outsourcing and business services
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Business process and technology management services are provided globally.
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Provider of customer care and back office support services for multiple sectors
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Electricity generation and distribution are provided in eastern India.
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Detailed competitors of Congruent Solutions
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Latest news on Congruent Solutions
Complete news archive for Congruent Solutions
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Frequently Asked Questions about Congruent Solutions
Congruent Solutions was founded in 2000 and raised its 1st funding round 13 years after it was founded.
Congruent Solutions is headquartered in Cupertino, United States. It is registered at Cupertino, California, United States.
Congruent Solutions is a funded company, having raised a total of $1.34M across 1 funding round to date.
As of Mar 22, 2024, the latest employee count at Congruent Solutions is 431.
Annual revenue of Congruent Solutions is $10.58M as on Mar 31, 2023.
Congruent Solutions is established as a trusted partner in the retirement industry, providing comprehensive software and services. Solutions are offered for recordkeeping, plan administration, and compliance testing. The company serves a wide range of clients, including Fortune 500 providers, with a focus on modular implementation and high customer retention. Operations are supported across millions of participants with zero data breaches recorded over 20 years. Expertise is provided in operational strategy and retirement regulations, ensuring future-ready solutions for diverse generational needs.
Congruent Solutions's top competitors include Quess, Datamatics and TaskUs.
Congruent Solutions offers CORE Platform, Retirement Edge, and Plan Administration Services.
Congruent Solutions has made 1 acquisition, including IPX Retirement.
Congruent Solutions has 1 investor. Key investors include Fulcrum PE.