Fortech
About Fortech
Fortech is a company founded in 2003 by Ana Banabic, Calin Vaduva, and Dorel Banabic was acquired by GlobalLogic in November 2022.. Fortech operates in a competitive market with competitors including AKQA, Hancom, AlmavivA, Hedgehog lab and Sierra Atlantic, among others.
- Founders Ana Banabic, Calin Vaduva, Dorel Banabic
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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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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Employee Count
Employee Count
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Acquired by
GlobalLogic
(Nov 21, 2022)
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Funding Insights of Fortech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Fortech
Fortech has secured backing from 1 investor. Prominent investors backing the company include GlobalLogic. 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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Lifecycle product development services are delivered for software enterprises.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Fortech
| 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 - Fortech
| 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 |
Fortech Comparisons
Competitors of Fortech
Fortech 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 AKQA, Hancom, AlmavivA, Hedgehog lab and Sierra Atlantic, 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 |
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| domain | founded_year | HQ Location |
Integrated digital marketing campaigns are developed and executed across channels.
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Technology conglomerate spanning AI, blockchain, IoT, and mobility solutions.
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IT services suite solutions are provided globally by AlmavivA.
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Mobile application development and UX design services are provided.
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Offshore enterprise application development and IT consulting services are provided.
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Mobile apps and IoT solutions are developed across platforms.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fortech
Frequently Asked Questions about Fortech
When was Fortech founded?
Fortech was founded in 2003.
Who is the current CEO of Fortech?
Calin Vaduva is the current CEO of Fortech. They have also founded this company.
What does Fortech do?
Fortech was founded in 2003 as a provider of application development services within the IT sector. Operations encompass web-based applications, mobile solutions, MVPs, DevOps implementation, QA and testing, and IoT-based projects. Technologies utilized include Java, .NET, C, Xamarin, and PHP. A client base of 140 is maintained across global locations, including entities such as T-Systems, Symantec, Pfizer Vienna eMarketing, Swisscom, and Renault Technocenter.
Who are the top competitors of Fortech?
Fortech's top competitors include Hedgehog lab, AlmavivA and AKQA.
Who are Fortech's investors?
Fortech has 1 investor. Key investors include GlobalLogic.