About Derive IT
Derive IT is a company based in Mafikeng (South Africa) founded in 2008 was acquired by Luxoft in March 2017.. Derive IT offers products and services including ICT Products, ICT Services, and ICT Solutions. Derive IT operates in a competitive market with competitors including UST, Breed Reply, Globant, NTT DATA and 1&1 IONOS, among others.
- Headquarter Mafikeng, South Africa
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Sectors
Technology
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Phone
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Website
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Social
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Products & Services of Derive IT
Derive IT offers a comprehensive portfolio of products and services, including ICT Products, ICT Services, and ICT Solutions. 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.
Hardware and software products for corporate use.
Provision of tailored ICT support and solutions.
Custom solutions for business and public sector needs.
Funding Insights of Derive IT
| 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 Derive IT
Derive IT has secured backing from 1 investor. Prominent investors backing the company include Luxoft. 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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Software development and IT solutions are provided to global corporations.
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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 Derive IT
| 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 - Derive IT
| 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 |
Derive It Comparisons
Competitors of Derive IT
Derive IT 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 UST, Breed Reply, Globant, NTT DATA and 1&1 IONOS, 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 |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
AI, cloud, and blockchain services are provided globally.
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| domain | founded_year | HQ Location |
IT and digital transformation services are delivered to various industries.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
IT and management consultancy services are provided globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Derive IT
When was Derive IT founded?
Derive IT was founded in 2008.
Where is Derive IT located?
Derive IT is headquartered in Mafikeng, South Africa. It is registered at Mafikeng, North West, South Africa.
What does Derive IT do?
Derive IT was founded in 2008 and is headquartered in Mafikeng, South Africa. Operations are centered in the IT sector, where networking solutions, automation systems, consulting expertise, and ongoing IT support are delivered to clients. Services encompass infrastructure management and technical advisory, primarily serving regional businesses in South Africa. The company maintains a domain at deriveit.co.za for its online presence.
Who are the top competitors of Derive IT?
What products or services does Derive IT offer?
Derive IT offers ICT Products, ICT Services, and ICT Solutions.
Who are Derive IT's investors?
Derive IT has 1 investor. Key investors include Luxoft.