About Provana
Provana is a company based in Lisle (United States) founded in 2001 by Karen Powell and Sandeep Bhargava. It operates as a Managed Services, and SaaS (Software-as-a-Service). The company has 2,122 employees as of April 10, 2024. Provana has completed 5 acquisitions, including ACI Therapy Billing, MEG Business and Palinode. Provana offers products and services including IPACS, Speech Analytics, and Business Intelligence Solution. Provana operates in a competitive market with competitors including FiscalNote, Wolters Kluwer, Observe.AI, Eqs and CallMiner, among others.
- Headquarter Lisle, United States
- Employees 2122 as on 10 Apr, 2024
- Founders Karen Powell, Sandeep Bhargava
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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 Provana
- Jurisdiction Shahdara, Delhi, India
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Annual Revenue
$18.38 M (USD)32.85as on Mar 31, 2023
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Net Profit
$1.57 M (USD)23.53as on Mar 31, 2023
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EBITDA
$2.08 M (USD)20.33as on Mar 31, 2023
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Latest Funding Round
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Investors
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Employee Count
2122
as on Apr 10, 2024
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Investments & Acquisitions
ACI Therapy Billing
& 4 more
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Products & Services of Provana
Provana offers a comprehensive portfolio of products and services, including IPACS, Speech Analytics, and Business Intelligence Solution. 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.
Compliance is ensured through streamlined processes and performance.
Call interactions are analyzed for compliance and insights.
Data-driven decisions are supported by automated reporting tools.
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Funding Insights of Provana
| 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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Investments & Acquisitions by Provana
Provana has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include ACI Therapy Billing, MEG Business and Palinode. 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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Provider of outsourced therapy billing services
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2019 | ||||
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Credit dispute resolution platform is provided for businesses.
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2016 | ||||
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Provider of insurance verification services, claim processing assistance, and medical bookkeeping for medical practices
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2015 |
| 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 - Provana
| 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 |
Provana Comparisons
Competitors of Provana
Provana 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 FiscalNote, Wolters Kluwer, Observe.AI, Eqs and CallMiner, 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 |
AI-driven legal, regulatory, and policy data analysis is delivered.
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| domain | founded_year | HQ Location |
Enterprise legal processes are managed via an AI-powered platform.
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| domain | founded_year | HQ Location |
AI-powered conversation intelligence and automation are provided for contact centers.
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| domain | founded_year | HQ Location |
Compliance workflows for businesses are streamlined by Eq s platform.
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| domain | founded_year | HQ Location |
Cloud and AI-based conversational analytics are delivered by CallMiner.
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| domain | founded_year | HQ Location |
AI-driven compliance and risk management solutions are provided for enterprises.
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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 Provana
Frequently Asked Questions about Provana
When was Provana founded?
Provana was founded in 2001.
Where is Provana located?
Provana is headquartered in Lisle, United States. It is registered at Lisle, Illinois, United States.
Who is the current CEO of Provana?
Sandeep Bhargava is the current CEO of Provana. They have also founded this company.
How many employees does Provana have?
As of Apr 10, 2024, the latest employee count at Provana is 2,122.
What is the annual revenue of Provana?
Annual revenue of Provana is $18.38M as on Mar 31, 2023.
What does Provana do?
Tech-driven managed services are delivered by Provana to optimize processes, ensure compliance, and enhance productivity across legal, financial, and healthcare sectors. Solutions are offered for credit servicing, collections, mortgage servicing, revenue cycle management, and litigation support. Comprehensive platforms like IPACS are developed to streamline business processes and ensure regulatory adherence for small and medium-sized businesses.
Who are the top competitors of Provana?
Provana's top competitors include Observe.AI, Behavox and Wolters Kluwer.
What products or services does Provana offer?
Provana offers IPACS, Speech Analytics, and Business Intelligence Solution.
How many acquisitions has Provana made?
Provana has made 5 acquisitions, including ACI Therapy Billing, MEG Business, and Palinode.
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