About Movate
Movate is a company based in Plano (United States) founded in 1996 was acquired by Capital Square Partners in February 2021. Movate has raised $77.5 million across 5 funding rounds from investors including Goldman Sachs, Morgan Stanley and Partners Group. The company has 5,798 employees as of May 20, 2025. Movate has completed 3 acquisitions, including Directly OnDemand, Prescience Decision Solutions and TSD Global. Movate offers products and services including Digital Infrastructure Services, Movate Edison, Movate Insights, and Digital Engineering and Insights. Movate operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Plano, United States
- Employees 5798 as on 20 May, 2025
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Sectors
Business ServicesTechnology
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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 Movate Technologies Private Limited
- Date of Incorporation 25 Jul, 2000
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$83.7 M (USD)-0.08as on Mar 31, 2024
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Net Profit
$5.01 M (USD)81.66as on Mar 31, 2024
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EBITDA
$16.34 M (USD)64.83as on Mar 31, 2024
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Total Equity Funding
$77.5 M (USD)
in 5 rounds
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Latest Funding Round
Not available
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Investors
Goldman Sachs
& 6 more
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Employee Count
5798
as on May 20, 2025
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Investments & Acquisitions
Directly OnDemand
& 2 more
- Acquired by
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Products & Services of Movate
Movate offers a comprehensive portfolio of products and services, including Digital Infrastructure Services, Movate Edison, Movate Insights, and Digital Engineering and Insights.
Provides holistic IT ecosystem management for agility and security.
AI-powered platform for customized CX transformation solutions.
Platform enabling empathetic conversations through intent analytics.
Accelerates digital transformation with analytics and app development.
People of Movate
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Software Development Team
61 people
Leadership Team
51 people
Sales and Marketing
20 people
Human Resources and Administration
16 people
Senior Team
15 people
Operations Team
14 people
Project Team
12 people
Program Team
7 people
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Funding Insights of Movate
Movate has successfully raised a total of $77.5M across 5 strategic funding rounds. 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.
Investors in Movate
Movate has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, Morgan Stanley and Partners Group.
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Opportunistic private debt investments are targeted by the fund.
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Investment banking services are delivered across multiple financial sectors.
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Elevation Capital is focused on early-stage tech investments in India.
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Investor details for Movate
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Movate
Movate has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Directly OnDemand, Prescience Decision Solutions and TSD Global.
Investment portfolio details for Movate
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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AI-based analytics solutions are delivered for offline retailers.
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Helpdesk tickets are routed to crowdsourced experts using skill-based filtering.
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Locked | Locked | 2011 | Locked | |
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Provider of customer experience outsourcing services with a unique approach to solving business challenges
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Locked | Locked | 1989 | Locked |
Complete acquisition details for Movate
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- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Movate
Detailed financials for Movate
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
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Movate Comparisons
Peer comparison for Movate
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- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of Movate
Movate 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, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
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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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IT outsourcing services are delivered across multiple business lines.
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IT and management consultancy services are provided globally.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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Detailed competitors of Movate
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
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- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Movate
Complete news archive for Movate
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Movate
Movate was founded in 1996 and raised its 1st funding round 10 years after it was founded.
Movate is headquartered in Plano, United States. It is registered at Plano, Texas, United States.
Sunil Mittal is the current CEO of Movate.
Movate is a funded company, having raised a total of $77.5M across 5 funding rounds to date.
As of May 20, 2025, the latest employee count at Movate is 5,798.
Annual revenue of Movate is $83.7M as on Mar 31, 2024.
Movate was founded in 1996 and is headquartered in Plano, United States. Operations focus on the IT services sector, where a variety of offerings are delivered, such as application development, automation, data analytics, cloud solutions, networking, cybersecurity, support services, and customer success management. The organization supports businesses through these capabilities, with leadership provided by CEO Sunil Mittal.
Movate's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
Movate offers Digital Infrastructure Services, Movate Edison, Movate Insights, and Digital Engineering and Insights.
Movate has made 3 acquisitions, including Directly OnDemand, Prescience Decision Solutions, and TSD Global.
Movate has 7 investors. Key investors include Goldman Sachs, Morgan Stanley, Partners Group, Startek, and Onex Falcon.