About Covisint
Covisint is a company based in Southfield (United States) founded in 2000 was acquired by OpenText in June 2017.. The company has 156 employees as of December 31, 2017. Covisint has completed 1 acquisition, including Hilgraeve. Covisint operates in a competitive market with competitors including Particle, PTC, Ayla Networks, Software AG and EVRYTHNG, among others.
- Headquarter Southfield, United States
- Employees 156 as on 31 Dec, 2017
- Stage Public
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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 Covisint Corporation
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Funding Insights of Covisint
| 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 |
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Investors in Covisint
Covisint has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include OpenText. 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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Cloud-based enterprise information management and GRC solutions 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 Covisint
Covisint has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Hilgraeve. 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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Cloud-based terminal emulation solutions are provided for network communication.
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1980 |
| 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 - Covisint
| 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 |
Covisint Comparisons
Competitors of Covisint
Covisint 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 Particle, PTC, Ayla Networks, Software AG and EVRYTHNG, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
PTC is recognized as a global leader in product lifecycle management software.
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| domain | founded_year | HQ Location |
Provider of a platform for IoT and edge computing applications
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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 |
An IoT platform is provided for industrial applications.
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| domain | founded_year | HQ Location |
Middleware and IoT solutions are provided for enterprise digital transformation.
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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 Covisint
Frequently Asked Questions about Covisint
When was Covisint founded?
Covisint was founded in 2000.
Where is Covisint located?
Covisint is headquartered in Southfield, United States. It is registered at Southfield, Michigan, United States.
Who is the current CEO of Covisint?
Mark Barrenechea is the current CEO of Covisint.
How many employees does Covisint have?
As of Dec 31, 2017, the latest employee count at Covisint is 156.
What does Covisint do?
Covisint provides an open, enterprise-grade cloud platform for identity-centric solutions and Internet of Things services. The platform could be used to develop solutions that require identification, authorization, and connection of complex networks of people, processes, systems and things. The platform allows enterprises to securely add new connections or things and scale. In IoT applications, leveraging sensor, diagnostic, and user interaction data from the products, users get product transparency to understand how their customers are using different product features. The platform acts as a modeling solution in creating digital twins. Customers include Shell, Cisco, Daimler, Delphi, etc.
Who are the top competitors of Covisint?
Covisint's top competitors include Particle, Software AG and PTC.
How many acquisitions has Covisint made?
Covisint has made 1 acquisition, including Hilgraeve.
Who are Covisint's investors?
Covisint has 1 investor. Key investors include OpenText.