Sagitec

Saint Paul, United States Founded: 2004 • Age: 22 yrs
Pension administration and unemployment insurance software solutions are provided.
Annual revenue $11.1M Latest available
Total funding - 1 rounds
Employees 510 Tracked headcount
Investors - Known backers
Products 4 Services tracked
Competitors 9 Brand Intelligence

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
    Locked
  • Phone
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  • Website
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  • Social
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  • Legal Name Sagitec Solutions Private Limited
  • Date of Incorporation 17 Oct, 2005
  • Jurisdiction Pune, Maharashtra, India
Operational Areas
Financial Services → Insurance & Risk Management Unlock Sub-Sector Unlock Segment
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Technology → Enterprise Software & Productivity Solutions Unlock Sub-Sector Unlock Segment
Healthcare → Health Technology & Digital Health Unlock Sub-Sector Unlock Segment
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
    Not available
  • 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.

Product name locked
Category locked
Primary

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

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Category locked
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System for managing pension benefits and administration tasks.

Product name locked
Category locked
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Application for handling unemployment and disability insurance.

Product name locked
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SaaS tool for Medicaid member engagement and health management.

Funding Insights of Sagitec

Investments & Acquisitions by Sagitec

Investments
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Investment portfolio details for Sagitec

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Financial Statements - Sagitec

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Detailed financials for Sagitec

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Sagitec Comparisons

Sagitec Primary company
Description
Pension administration and unemployment insurance software s...
Location
Saint Paul, United States
Founded Year
2004
Annual Revenue
$11.09 M (USD)
Net Profit
$1.36 M (USD)
EBITDA
$1.86 M (USD)
Employees
510
As of 2024
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Peer comparison for Sagitec

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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.

Company Name Domain Founded year HQ Location Description
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SaaS-driven credit card and spend management solutions platform for businesses
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Financial solutions platform provider
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Cloud-based self-insurance platform is offered to employers for employee sponsorship.
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Employee benefits and payment solutions are managed for businesses.
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Digital wallet platform for individuals
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Cloud-based expense management solutions are offered for business travelers.
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Detailed competitors of Sagitec

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Latest news on Sagitec

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Complete news archive for Sagitec

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Frequently Asked Questions about Sagitec

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

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

Piyush Jain is the current CEO of Sagitec.

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

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

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.

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

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

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