About ITsavvy
ITsavvy is a company based in Addison (United States) founded in 2004 by Michael Theriault and Chris Kurpeikis was acquired by Xerox in October 2024.. ITsavvy has raised $81.4 million across 1 funding round from investors including Xerox and GenNx360. The company has 330 employees as of September 30, 2023. ITsavvy has completed 3 acquisitions, including INOC, InfrastructureWORKS and enfoPoint. ITsavvy operates in a competitive market with competitors including UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others.
- Headquarter Addison, United States
- Employees 330 as on 30 Sep, 2023
- Founders Michael Theriault, Chris Kurpeikis
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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 Itsavvy Llc
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Funding Insights of ITsavvy
ITsavvy has successfully raised a total of $81.4M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $81.4 million completed in August 2022. 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 1
- Last Round Private Equity Round — $81.4M
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First Round
First Round
(10 Aug 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2022 | Amount | Private Equity Round - ITsavvy | Valuation |
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| 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in ITsavvy
ITsavvy has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Xerox and GenNx360. 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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GenNx360 is engaged in private equity investments for industrial sectors.
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Founded Year | Domain | Location | |
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Digital document solutions are provided for office and business needs.
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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 ITsavvy
ITsavvy has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include INOC, InfrastructureWORKS and enfoPoint. 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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Storage, backup, recovery, networking, and consulting services are provided.
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2010 | ||||
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IT managed services are provided by enfoPoint to businesses.
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2008 | ||||
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Diversified business process outsourcing services are provided globally.
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2000 |
| 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 - ITsavvy
| 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 |
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Itsavvy Comparisons
Competitors of ITsavvy
ITsavvy 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, NTT DATA, Breed Reply, Globant and 1&1 IONOS, 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 |
High-quality office furniture is provided by UST for various needs.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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AI, cloud, and blockchain services are provided globally.
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| domain | founded_year | HQ Location |
IT and digital transformation services are delivered to various industries.
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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 |
Provider of end-to-end business process outsourcing services
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| Company Name | Domain | Founded year | HQ Location | Description |
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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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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Itsavvy
Frequently Asked Questions about ITsavvy
When was ITsavvy founded?
ITsavvy was founded in 2004 and raised its 1st funding round 18 years after it was founded.
Where is ITsavvy located?
ITsavvy is headquartered in Addison, United States. It is registered at Addison, Texas, United States.
Who is the current CEO of ITsavvy?
Michael Theriault is the current CEO of ITsavvy. They have also founded this company.
Is ITsavvy a funded company?
ITsavvy is a funded company, having raised a total of $81.4M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $81.4M, raised on Aug 10, 2022.
How many employees does ITsavvy have?
As of Sep 30, 2023, the latest employee count at ITsavvy is 330.
What does ITsavvy do?
ITsavvy was founded in 2004 and is headquartered in Addison, United States. Operations center on the IT sector, where a range of services including hardware, software, and support solutions are delivered. The company is led by co-founders Michael Theriault as President and CEO, Chris Kurpeikis as VP, and Munu Gandhi as CEO. Focus is placed on serving business needs in technology infrastructure across the U.S.
Who are the top competitors of ITsavvy?
ITsavvy's top competitors include Happiest Minds, 1&1 IONOS and Genpact.
How many acquisitions has ITsavvy made?
ITsavvy has made 3 acquisitions, including INOC, InfrastructureWORKS, and enfoPoint.
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