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
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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. 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 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.
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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
Unlock access to complete
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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Last Round
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First Round
First Round
(01 Jun 2006)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Series C - Movate | Valuation | Onex Falcon , Morgan Stanley |
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| Jul, 2021 | Amount | Debt – Conventional - Movate | Valuation |
investors |
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| Feb, 2021 | Amount | Series C - Movate | Valuation | Startek |
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| 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 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. 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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Opportunistic private debt investments are targeted by the fund.
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Elevation Capital is focused on early-stage tech investments in India.
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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 Movate
Movate has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Directly OnDemand, Prescience Decision Solutions and TSD Global. 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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AI-based analytics solutions are delivered for offline retailers.
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2017 | ||||
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Helpdesk tickets are routed to crowdsourced experts using skill-based filtering.
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2011 | ||||
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Provider of customer experience outsourcing services with a unique approach to solving business challenges
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1989 |
| 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 - Movate
| 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 |
Movate Comparisons
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. 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 |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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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 |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
IT and management consultancy services are provided globally.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Movate
Frequently Asked Questions about Movate
When was Movate founded?
Movate was founded in 1996 and raised its 1st funding round 10 years after it was founded.
Where is Movate located?
Movate is headquartered in Plano, United States. It is registered at Plano, Texas, United States.
Who is the current CEO of Movate?
Sunil Mittal is the current CEO of Movate.
Is Movate a funded company?
Movate is a funded company, having raised a total of $77.5M across 5 funding rounds to date. The company's 1st funding round was a Series C of $30M, raised on Jun 01, 2006.
How many employees does Movate have?
As of May 20, 2025, the latest employee count at Movate is 5,798.
What is the annual revenue of Movate?
Annual revenue of Movate is $83.7M as on Mar 31, 2024.
What does Movate do?
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.
Who are the top competitors of Movate?
Movate's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
What products or services does Movate offer?
Movate offers Digital Infrastructure Services, Movate Edison, Movate Insights, and Digital Engineering and Insights.
How many acquisitions has Movate made?
Movate has made 3 acquisitions, including Directly OnDemand, Prescience Decision Solutions, and TSD Global.
Who are Movate's investors?
Movate has 7 investors. Key investors include Goldman Sachs, Morgan Stanley, Partners Group, Startek, and Onex Falcon.