About Encore Software Services
Encore Software Services is a company based in Chennai (India) founded in 1998 was acquired by Sonata in July 2021.. The company has 345 employees as of April 05, 2024. Encore Software Services operates in a competitive market with competitors including CrowdStrike, UST, Genpact, 1&1 IONOS and VMware, among others.
- Headquarter Chennai, India
- Employees 345 as on 05 Apr, 2024
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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 Encore I.T. Services Solutions Private Limited
- Date of Incorporation 15 Apr, 2009
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$7.59 M (USD)37.39as on Mar 31, 2023
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Net Profit
$767.46 K (USD)489.33as on Mar 31, 2023
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EBITDA
$1.34 M (USD)464.35as on Mar 31, 2023
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Latest Funding Round
- Investors
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Employee Count
345
as on Apr 05, 2024
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Acquired by
Sonata
(Jul 28, 2021)
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Funding Insights of Encore Software Services
| 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 Encore Software Services
Encore Software Services has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Sonata Software. 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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IT consulting and software development 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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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 Encore Software Services
| 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 - Encore Software Services
| 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 |
Encore Software Services Comparisons
Competitors of Encore Software Services
Encore Software Services 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 CrowdStrike, UST, Genpact, 1&1 IONOS and VMware, 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 |
Endpoint threats are detected via artificial intelligence by the platform.
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| 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 |
Provider of end-to-end business process outsourcing services
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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 |
Cloud orchestration solutions are provided for multi-cloud and device applications.
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| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
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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 Encore Software Services
Frequently Asked Questions about Encore Software Services
When was Encore Software Services founded?
Encore Software Services was founded in 1998.
Where is Encore Software Services located?
Encore Software Services is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
How many employees does Encore Software Services have?
As of Apr 05, 2024, the latest employee count at Encore Software Services is 345.
What is the annual revenue of Encore Software Services?
Annual revenue of Encore Software Services is $7.59M as on Mar 31, 2023.
What does Encore Software Services do?
Encore Software Services was founded in 1998 in Chennai, India. Application development and testing solutions are offered, including web-based products developed using the proprietary Evolve framework, UX design, quality assurance, business intelligence, and cloud-based applications. These services target sectors such as life sciences, finance, technology, and retail, with operations focused on supporting client needs in these areas.
Who are the top competitors of Encore Software Services?
Encore Software Services's top competitors include VMware, Happiest Minds and Mavenir.
Who are Encore Software Services's investors?
Encore Software Services has 1 investor. Key investors include Sonata Software.
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