About masterIT
masterIT is a company based in Memphis (United States) founded in 2006 was acquired by VC3 in November 2019.. masterIT offers products and services including Managed IT Services, Managed Security Services, Data Backup and Disaster Recovery, and Managed Cloud Services. masterIT operates in a competitive market with competitors including CrowdStrike, UST, Genpact, 1&1 IONOS and VMware, among others.
- Headquarter Memphis, United States
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Sectors
Technology
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Phone
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Website
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Social
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Products & Services of masterIT
masterIT offers a comprehensive portfolio of products and services, including Managed IT Services, Managed Security Services, Data Backup and Disaster Recovery, and Managed Cloud Services. 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.
Provides 24/7 monitoring and maintenance for IT infrastructure
Delivers protection against threats and compliance solutions
Ensures data protection and quick recovery from disruptions
Offers scalable cloud hosting and management services
Funding Insights of masterIT
| 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 masterIT
masterIT has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include VC3. 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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Managed IT, private cloud, and web application services are provided.
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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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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 masterIT
| 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 - masterIT
| 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 |
Masterit Comparisons
Competitors of masterIT
masterIT 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 CrowdStrike, UST, Genpact, 1&1 IONOS and VMware, 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 |
Endpoint threats are detected via artificial intelligence by the platform.
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High-quality office furniture is provided by UST for various needs.
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Provider of end-to-end business process outsourcing services
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Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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Cloud orchestration solutions are provided for multi-cloud and device applications.
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IT outsourcing services are delivered across multiple business lines.
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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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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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Frequently Asked Questions about masterIT
When was masterIT founded?
masterIT was founded in 2006.
Where is masterIT located?
masterIT is headquartered in Memphis, United States. It is registered at Memphis, Tennessee, United States.
What does masterIT do?
masterIT was founded in 2006 as a provider of various IT services. Operations are based in Memphis, United States, within the information technology sector. Services encompass a broad spectrum of IT solutions, including support, consulting, and infrastructure management. The company maintains a focus on delivering these services to clients in the region, with an online presence through its domain master-it.com.
Who are the top competitors of masterIT?
masterIT's top competitors include VMware, Happiest Minds and Mavenir.
What products or services does masterIT offer?
masterIT offers Managed IT Services, Managed Security Services, Data Backup and Disaster Recovery, and Managed Cloud Services.
Who are masterIT's investors?
masterIT has 1 investor. Key investors include VC3.