About Engage IT Services
Engage IT Services is a company based in Bengaluru (India) founded in 2008 by Naresh Munipalli was acquired by Elys Game Technology in February 2023. It operates as a Managed Services and White Label. Engage IT Services has raised $14.85 thousand across 2 funding rounds from investors including Elys Game Technology, Naveen B and Narayanan Chandramathi. The company has 30 employees as of April 08, 2024. Engage IT Services offers products and services including RADIS IT, ENGAGE 365, and AUTOMATE IT. Engage IT Services operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Bengaluru, India
- Employees 30 as on 08 Apr, 2024
- Founders Naresh Munipalli
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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 Engage It Services Pvt Ltd
- Date of Incorporation 29 Nov, 2011
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$900.2 K (USD)-30.71as on Mar 31, 2022
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Net Profit
$156.41 K (USD)-60.26as on Mar 31, 2022
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EBITDA
$162.32 K (USD)-67.64as on Mar 31, 2022
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Total Equity Funding
$14.85 K (USD)
in 2 rounds
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Latest Funding Round
$14.85 K (USD), Angel Round
Mar 30, 2015
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Investors
Elys Game Technology
& 4 more
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Employee Count
30
as on Apr 08, 2024
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Acquired by
Elys Game Technology
(Feb 02, 2023)
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Products & Services of Engage IT Services
Engage IT Services offers a comprehensive portfolio of products and services, including RADIS IT, ENGAGE 365, and AUTOMATE IT.
IT solutions are provided for managed service providers.
Continuous IT support is offered for client infrastructure.
Automation tools are designed for IT operation efficiency.
Funding Insights of Engage IT Services
Engage IT Services has successfully raised a total of $14.85K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $14.85 thousand completed in March 2015. 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Angel Round — $14,849
- First Round First Round
- Investors Count 4
Investors in Engage IT Services
Engage IT Services has secured backing from 5 investors, including angel investors. Prominent investors backing the company include Elys Game Technology, Naveen B and Narayanan Chandramathi.
| Investor | Description | Founded Year | Domain | Location |
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NB
Naveen B |
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Founded Year | Domain | Location |
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NC
Narayanan Chandramathi |
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Founded Year | Domain | Location |
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PN
Pratima Naresh |
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Founded Year | Domain | Location |
Investments & Acquisitions by Engage IT Services
Financial Statements - Engage IT Services
Engage It Services Comparisons
Competitors of Engage IT Services
Engage IT 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 UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
| 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 |
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 |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
IT and management consultancy services are provided globally.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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Frequently Asked Questions about Engage IT Services
Engage IT Services was founded in 2008 and raised its 1st funding round 6 years after it was founded.
Engage IT Services is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Engage IT Services is a funded company, having raised a total of $14.85K across 2 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Engage IT Services is 30.
Annual revenue of Engage IT Services is $900.2K as on Mar 31, 2022.
IT infrastructure solutions are designed, deployed, and managed for managed service providers worldwide. Services cover advanced technology areas including network, IP voice, convergence security, wireless, storage virtualization, datacenter, and cloud. Support is provided through white label managed services and enterprise-level assistance. Operations are maintained 247365 with proactive monitoring, data center management, and security operations.
Engage IT Services's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
Engage IT Services offers RADIS IT, ENGAGE 365, and AUTOMATE IT.
Engage IT Services has 5 investors. Key investors include Elys Game Technology, Naveen B, Narayanan Chandramathi, Pratima Naresh, and Naresh Munipalli.
The valuation of Engage IT Services is $200.94K as of Mar 2015.