Sagitec

Saint Paul, United States Founded: 2004 • Age: 22 yrs
Pension administration and unemployment insurance software solutions are provided.
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About Sagitec

Sagitec is a company based in Saint Paul (United States) founded in 2004 by Rick Deshler, Bala Venkat, Deepak Ahuja, and Ranjith Kotcherlakota.. The company has 510 employees as of March 24, 2024. Sagitec offers products and services including Xelence Platform, Neospin, Neosurance, and HealConnect. Sagitec operates in a competitive market with competitors including Brex, Konfío, CollectiveHealth, Edenred and Khazna, among others.

  • Headquarter Saint Paul, United States
  • Employees 510 as on 24 Mar, 2024
  • Founders Rick Deshler, Bala Venkat, Deepak Ahuja, Ranjith Kotcherlakota
  • Sectors
    Financial Services
    Technology Healthcare
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Sagitec Solutions Private Limited
  • Date of Incorporation 17 Oct, 2005
  • Jurisdiction Pune, Maharashtra, India
Operational Areas
Financial Services → Insurance & Risk Management → →
Financial Services → FinTech & Digital Finance → →
Technology → Enterprise Software & Productivity Solutions → →
Healthcare → Health Technology & Digital Health → →
Key Metrics
  • Annual Revenue
    $11.09 M (USD)
    22.4
    as on Mar 31, 2023
  • Net Profit
    $1.36 M (USD)
    19.58
    as on Mar 31, 2023
  • EBITDA
    $1.86 M (USD)
    24.34
    as on Mar 31, 2023
  • Latest Funding Round
    $6.83 M (USD), Debt – Conventional

    Apr 28, 2020

  • Investors
  • Employee Count
    510

    as on Mar 24, 2024

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Products & Services of Sagitec

Sagitec offers a comprehensive portfolio of products and services, including Xelence Platform, Neospin, Neosurance, and HealConnect. 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.

Primary

Low-code/no-code environment for building enterprise applications quickly.

System for managing pension benefits and administration tasks.

Application for handling unemployment and disability insurance.

SaaS tool for Medicaid member engagement and health management.

Funding Insights of Sagitec

  • Total Funding
  • Total Rounds 1
  • Last Round Debt – Conventional — $6.8M
  • First Round

    (28 Apr 2020)

  • Investors Count
Date Amount Transaction Name Valuation Lead Investors Investors
Apr, 2020 Amount Debt – Conventional - Sagitec Valuation

investors
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investments & Acquisitions by Sagitec

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Sagitec

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Sagitec Comparisons

Employees
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Competitors of Sagitec

Sagitec 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 Brex, Konfío, CollectiveHealth, Edenred and Khazna, 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
Brex
domain founded_year HQ Location
SaaS-driven credit card and spend management solutions platform for businesses
Konfío
domain founded_year HQ Location
Financial solutions platform provider
CollectiveHealth
domain founded_year HQ Location
Cloud-based self-insurance platform is offered to employers for employee sponsorship.
Edenred
domain founded_year HQ Location
Employee benefits and payment solutions are managed for businesses.
Khazna
domain founded_year HQ Location
Digital wallet platform for individuals
Expensify
domain founded_year HQ Location
Cloud-based expense management solutions are offered for business travelers.
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Sagitec

Frequently Asked Questions about Sagitec

When was Sagitec founded?

Sagitec was founded in 2004 and raised its 1st funding round 16 years after it was founded.

Where is Sagitec located?

Sagitec is headquartered in Saint Paul, United States. It is registered at Saint Paul, Minnesota, United States.

Who is the current CEO of Sagitec?

Piyush Jain is the current CEO of Sagitec.

How many employees does Sagitec have?

As of Mar 24, 2024, the latest employee count at Sagitec is 510.

What is the annual revenue of Sagitec?

Annual revenue of Sagitec is $11.09M as on Mar 31, 2023.

What does Sagitec do?

Sagitec was founded in 2004 and is based in Saint Paul, United States. Tailored software for pension administration, provident funds, unemployment insurance, healthcare, and life sciences is supplied to clients in multiple industries. Services such as project management, training, and change management are also provided to support implementation.

Who are the top competitors of Sagitec?

Sagitec's top competitors include Brex, CollectiveHealth and Edenred.

What products or services does Sagitec offer?

Sagitec offers Xelence Platform, Neospin, Neosurance, and HealConnect.

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