About Covestic
Covestic is a company based in Kirkland (United States) founded in 2001 by John Schaffer was acquired by Milestone in December 2020.. Covestic offers products and services including Application Services, Cloud Transformation, Data and AI Services, Managed Services, and Project Management as a Service. Covestic operates in a competitive market with competitors including Flexera, Lontra, NuAxis, INRY and Allbridge, among others.
- Headquarter Kirkland, United States
- Founders John Schaffer
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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 Milestone Technologies, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Milestone
(Dec 23, 2020)
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Products & Services of Covestic
Covestic offers a comprehensive portfolio of products and services, including Application Services, Cloud Transformation, Data and AI Services, Managed Services, and Project Management as a Service. 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 development and management of applications for enterprises
Assists in migrating and optimizing cloud infrastructure
Offers AI-driven analytics and automation solutions
Delivers ongoing IT management and support for businesses
Provides proactive project management and staff augmentation
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Funding Insights of Covestic
| 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 Covestic
Covestic has secured backing from 1 investor. Prominent investors backing the company include Milestone Technologies. 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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Digital solutions and IT suite services are provided globally.
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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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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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Founded Year | Domain | Location |
Investments & Acquisitions by Covestic
| 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 - Covestic
| 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 |
Covestic Comparisons
Competitors of Covestic
Covestic 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 Flexera, Lontra, NuAxis, INRY and Allbridge, 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 management solutions are delivered via an online IT platform.
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Consulting and training for IT service portfolio management are delivered.
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| domain | founded_year | HQ Location |
IT infrastructure support services are provided to the federal government.
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| domain | founded_year | HQ Location |
ServiceNow consulting and implementation services are provided by INRY.
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| domain | founded_year | HQ Location |
IT hardware and software services are provided by Allbridge.
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| domain | founded_year | HQ Location |
Specializes in IT asset disposal services for efficient and secure management.
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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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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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Latest news on Covestic
Frequently Asked Questions about Covestic
When was Covestic founded?
Covestic was founded in 2001.
Where is Covestic located?
Covestic is headquartered in Kirkland, United States. It is registered at Kirkland, Washington, United States.
Who is the current CEO of Covestic?
John Schaffer is the current CEO of Covestic. They have also founded this company.
What does Covestic do?
Founded in 2001 and headquartered in Kirkland, United States, IT solutions are provided by Covestic to midsize and enterprise clients across industries such as healthcare, retail, and information technology. Business-driven services encompass cloud computing, mobile applications, IT service management, DevOps, operations transformation, and project delivery. Partnerships are maintained with Microsoft, Serena, Salesforce.com, and ServiceNow, supporting ITSM consulting and ServiceNow implementations.
Who are the top competitors of Covestic?
What products or services does Covestic offer?
Covestic offers Application Services, Cloud Transformation, Data and AI Services, Managed Services, and Project Management as a Service.
Who are Covestic's investors?
Covestic has 1 investor. Key investors include Milestone Technologies.