About Groove Entertainment Technologies
Groove Entertainment Technologies is a company based in Salt Lake City (United States) founded in 2007. It operates as a B2B. The company has 119 employees as of December 31, 2022. Groove Entertainment Technologies has completed 1 acquisition, including Ekho Comm. Groove Entertainment Technologies offers products and services including Integrated Technology Solutions, Managed Services, and Smart Building Solutions. Groove Entertainment Technologies operates in a competitive market with competitors including Moviebeam, DigiValet, Yuvod, Select-TV and Allin Interactive, among others.
- Headquarter Salt Lake City, United States
- Employees 119 as on 31 Dec, 2022
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Sectors
Travel & HospitalityReal Estate & Construction
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Phone
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Website
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Social
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- Legal Name Groove Technology Solutions, Inc.
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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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Investors
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Employee Count
119
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of Groove Entertainment Technologies
Groove Entertainment Technologies offers a comprehensive portfolio of products and services, including Integrated Technology Solutions, Managed Services, and Smart Building 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.
Delivers implementation and management of smart building systems for properties
Offers ongoing tech support and optimization for various industries
Provides systems for connectivity and efficiency in hotels and healthcare
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Funding Insights of Groove Entertainment Technologies
| 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 |
Investments & Acquisitions by Groove Entertainment Technologies
Groove Entertainment Technologies has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Ekho Comm. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Mobile communication services are provided across the United States.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Groove Entertainment Technologies
| 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 |
Groove Entertainment Technologies Comparisons
Competitors of Groove Entertainment Technologies
Groove Entertainment Technologies 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 Moviebeam, DigiValet, Yuvod, Select-TV and Allin Interactive, 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 |
Video-on-demand solutions are delivered for the hospitality sector.
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| domain | founded_year | HQ Location |
iPad-based guest room solutions for luxury hotels are provided.
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| domain | founded_year | HQ Location |
SaaS-enabled guest entertainment solutions are provided for hotels.
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| domain | founded_year | HQ Location |
IPTV solutions are delivered end-to-end for hospitality and telecom sectors.
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| domain | founded_year | HQ Location |
Guest management software is provided for the hospitality industry.
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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 Groove Entertainment Technologies
Frequently Asked Questions about Groove Entertainment Technologies
When was Groove Entertainment Technologies founded?
Groove Entertainment Technologies was founded in 2007.
Where is Groove Entertainment Technologies located?
Groove Entertainment Technologies is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
How many employees does Groove Entertainment Technologies have?
As of Dec 31, 2022, the latest employee count at Groove Entertainment Technologies is 119.
What does Groove Entertainment Technologies do?
Groove Technology Solutions offers engineering expertise and project management for implementing complex technology systems in properties like multifamily units, hotels, and healthcare facilities. Based in the U.S., they provide in-house support for smart building solutions and managed services, catering to evolving digital needs of operators and residents. Their services enhance operational efficiency, security, and guest experiences across diverse sectors.
Who are the top competitors of Groove Entertainment Technologies?
What products or services does Groove Entertainment Technologies offer?
Groove Entertainment Technologies offers Integrated Technology Solutions, Managed Services, and Smart Building Solutions.
How many acquisitions has Groove Entertainment Technologies made?
Groove Entertainment Technologies has made 1 acquisition, including Ekho Comm.
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