About ITI
ITI is a company based in Milford Center (United States) founded in 1983 was acquired by Wipro in June 2019. It operates as a SaaS (Software-as-a-Service), and Professional Services. ITI has completed 3 acquisitions, including Glacier Technologies, MechWorks and Proficiency. ITI offers products and services including CADfix, CADIQ, and PLM Migration Solutions. ITI operates in a competitive market with competitors including Onshape, Vention, Intergraph, Tech Soft and DriveWorks, among others.
- Headquarter Milford Center, United States
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Sectors
Industrial Goods & Manufacturing
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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 International Technegroup Incorporated
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$642.51 K (USD), Grant
Jan 01, 2017
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Investors
Wipro
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Glacier Technologies
& 2 more
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Acquired by
Wipro
(Jun 05, 2019)
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Products & Services of ITI
ITI offers a comprehensive portfolio of products and services, including CADfix, CADIQ, and PLM Migration 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.
CADfix is used for CAD-to-CAE model conversion solutions.
CADIQ is utilized for CAD model validation and comparison.
PLM Migration Solutions are offered for data management expertise.
Funding Insights of ITI
- Total Funding Total Funding
- Total Rounds 3
- Last Round Grant — $642,514
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2017 | Amount | Grant - ITI | Valuation |
investors |
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| Oct, 2015 | Amount | Grant - ITI | Valuation |
investors |
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| May, 2009 | Amount | Grant - ITI | Valuation |
investors |
| 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 ITI
ITI has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Wipro and European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Wipro is recognized as a consulting-led, AI-powered technology services company.
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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 ITI
ITI has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Glacier Technologies, MechWorks and Proficiency. 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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Data storage, networking, managed IT, and integration services are provided.
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2004 | ||||
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Digital transformation services are provided by MechWorks to various clients.
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1998 | ||||
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Online CAD data translation and migration software is offered.
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1998 |
| 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 - ITI
| 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 |
Iti Comparisons
Competitors of ITI
ITI 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 Onshape, Vention, Intergraph, Tech Soft and DriveWorks, 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 |
Cloud-based 3D CAD system is accessed via web browsers.
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| domain | founded_year | HQ Location |
Modular hardware and software platform for industrial automation is provided.
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| domain | founded_year | HQ Location |
Computer-aided design and geospatial intelligence software is supplied for enterprises.
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| domain | founded_year | HQ Location |
Provide 3D designing softwares for developers
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| domain | founded_year | HQ Location |
Cloud-based software is provided for manufacturing product design and development.
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| domain | founded_year | HQ Location |
Turbomachinery design software is developed for fluid-dynamic blade analysis.
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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 Iti
Frequently Asked Questions about ITI
When was ITI founded?
ITI was founded in 1983 and raised its 1st funding round 26 years after it was founded.
Where is ITI located?
ITI is headquartered in Milford Center, United States. It is registered at Milford Center, Ohio, United States.
Who is the current CEO of ITI?
Tom Gregory is the current CEO of ITI.
What does ITI do?
ITI, a Wipro Company, is engaged in delivering product data interoperability solutions for manufacturers. The company is focused on PLM solutions, CADCAMCAE software, and interoperability products. Services are provided across various sectors including engineering and manufacturing. Solutions such as CADfix and CADIQ are developed to address complex integration challenges. Enterprise-wide product development software issues are tackled through innovative tools and expertise.
What products or services does ITI offer?
ITI offers CADfix, CADIQ, and PLM Migration Solutions.
How many acquisitions has ITI made?
ITI has made 3 acquisitions, including Glacier Technologies, MechWorks, and Proficiency.
Who are ITI's investors?
ITI has 2 investors. Key investors include Wipro, and European Union.
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