About effectual
effectual is a company based in Hoboken (United States) founded in 2002 by Michael J. Parks. It operates as a B2B. effectual has raised $17.5 million across 2 funding rounds from investors including Lumerity Capital. The company has 124 employees as of December 31, 2021. effectual has completed 2 acquisitions, including Five Talent and JHC Technology. effectual offers products and services including AI Services, Cloud Migration Services, and Cloud Strategy and Design. effectual operates in a competitive market with competitors including 2nd Watch, Crayon, Megazone Cloud, All Cloud and Ukcloud, among others.
- Headquarter Hoboken, United States
- Employees 124 as on 31 Dec, 2021
- Founders Michael J. Parks
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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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- Legal Name Effectual Inc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$17.5 M (USD)
in 2 rounds
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Latest Funding Round
$17.5 M (USD), Series A
Jan 06, 2020
- Investors
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Employee Count
124
as on Dec 31, 2021
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Investments & Acquisitions
Five Talent
& 1 more
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Products & Services of effectual
effectual offers a comprehensive portfolio of products and services, including AI Services, Cloud Migration Services, and Cloud Strategy and Design.
Provides AI accelerators to enhance productivity and innovation
Facilitates replatforming and modernization to AWS platforms
Develops modernization strategies for business innovation
People of effectual
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Software Development Team
14 people
Leadership Team
10 people
Sales and Marketing
6 people
Data Analysis and Operations Team
4 people
Operations Team
3 people
Finance and Accounting
2 people
Human Resources and Administration
2 people
Senior Team
2 people
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Funding Insights of effectual
effectual has successfully raised a total of $17.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $17.5 million completed in January 2020. 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 effectual
effectual has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Lumerity Capital.
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Lumerity Capital is focused on private equity investments in data infrastructure.
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Investor details for effectual
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by effectual
effectual has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Five Talent and JHC Technology.
Investment portfolio details for effectual
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud migration, security, DevOps, and IT governance services are provided.
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Software development, web design, and digital marketing services are offered.
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Locked | Locked | 2004 | Locked |
Complete acquisition details for effectual
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- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - effectual
Detailed financials for effectual
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- Profit trends
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Effectual Comparisons
Peer comparison for effectual
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Competitors of effectual
effectual 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 2nd Watch, Crayon, Megazone Cloud, All Cloud and Ukcloud, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Public cloud workload management tools and services are provided.
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Crayon is involved in unspecified business activities.
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AWS cloud services are provided, including consulting, deployment, and management.
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Services for the development and support of cloud-based applications
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Cloud services in PaaS, SaaS, and IaaS are provided.
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Cloud-based virtual classroom platform for enterprises
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Detailed competitors of effectual
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Latest news on Effectual
Complete news archive for effectual
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Frequently Asked Questions about effectual
effectual was founded in 2002 and raised its 1st funding round 17 years after it was founded.
effectual is headquartered in Hoboken, United States. It is registered at Hoboken, New Jersey, United States.
effectual is a funded company, having raised a total of $17.5M across 2 funding rounds to date.
As of Dec 31, 2021, the latest employee count at effectual is 124.
Effectual is an AWS Premier Tier Services Partner offering cloud infrastructure, AI services, and migration solutions to modernize enterprise IT systems. Based in Jersey City, NJ, they serve sectors like financial services, retail, and public sector through proven methodologies. Their focus includes digital innovation, cost optimization, and secure data protection, helping clients accelerate growth and streamline operations.
effectual's top competitors include Crayon, Megazone Cloud and All Cloud.
effectual offers AI Services, Cloud Migration Services, and Cloud Strategy and Design.
effectual has made 2 acquisitions, including Five Talent, and JHC Technology.
effectual has 1 investor. Key investors include Lumerity Capital.