About Shore Group
Shore Group is a company based in New York (United States) founded in 2005 by Krishna Reddy and Ian Sax. The company has 265 employees. Shore Group has completed 1 acquisition, including LabSpot. Shore Group offers products and services including Digital Services, Managed Services, and Value Added Staffing. Shore Group operates in a competitive market with competitors including Xcalar, Iris.Ai, ClearStory Data, 1010data and Datactics, among others.
- Headquarter New York, United States
- Employees 265
- Founders Krishna Reddy, Ian Sax
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website shoregrp.com
- Social LinkedIn X
- Legal Name Shore Infotech India Private Limited
- Date of Incorporation 28 Jun, 2007
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹29.65 Cr
FY 2024 · -10% YoY
- Net Loss-₹19.8 Lakh
FY 2024 · -1% margin
- EBITDA₹88.6 Lakh
FY 2024 · 3% margin
- Investors
- Employee Count265
- Investments & Acquisitions
Associated legal entities of Shore Group
Shore Group operates through Shore Infotech India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Shore Infotech India Private Limited CIN U72200TG2007PTC054661 | Active | 28 Jun 2007 | Hyderabad, Telangana | ₹29.6 Cr | 265 | 3 | View details |
Products & Services of Shore Group
Shore Group offers a comprehensive portfolio of products and services, including Digital Services, Managed Services, and Value Added Staffing.
Innovates business technology and data operations for efficiency.
Handles revenue and business processes to reduce overhead.
Provides flexible talent for project execution and support.
Funding Insights of Shore Group
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Shore Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2017 | – | Series A | – | ClearPoint Investment Partners | – |
1 investors in total: 1 institutional.
Investors in Shore Group
Shore Group has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include ClearPoint Investment Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
ClearPoint Investment Partners is focused on private equity investments. | – | clearpointinvest.com | San Mateo, United States |
Investor details for Shore Group
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Shore Infotech India Private Limited (Shore Group)
Shore Infotech India Private Limited is the primary company behind Shore Group. The board of Shore Infotech India Private Limited currently have 3 directors; the longest-serving is Ian Matthew Sax, appointed in 2007. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ian Matthew Sax DIN 03108525 | Director | 28 Jun 2007 | 19 yrs 3 mo | Shore Infotech India Private Limited |
| Krishnadeva Veerareddy DIN 02399039 | Managing Director | 28 Jun 2007 | 19 yrs 3 mo | Shore Infotech India Private Limited |
| Shantha Nearametla DIN 03370054 | Director | 07 Jan 2011 | 15 yrs 9 mo | Shore Infotech India Private Limited |
People of Shore Group
4 people are tracked at Shore Group (4 in leadership); the tracked headcount is 265.
| Name | Role | Group |
|---|---|---|
Krishna Reddy | Co-Founder & Managing Director | Leadership |
| Co-Founder | Leadership | |
Dave Macolino | President & COO | Leadership |
Irudia Anthony | Vice President - Human Resources | Leadership |
Complete people profiles for Shore Group
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Shore Group
Figures of Shore Infotech India Private Limited, the primary company behind Shore Group, for FY 2024. Revenue was ₹29.65 Cr (-10% year on year). Net loss was -₹19.8 Lakh (-1% margin). EBITDA was ₹88.6 Lakh (3% margin). Revenue has grown at a compounded annual rate of -7% over three years and -15% over five years.
- ₹29.65 CrRevenue · FY 2024 · -10% YoY
- -₹19.8 LakhNet loss · -1% margin
- ₹88.6 LakhEBITDA · 3% margin
- ₹5 LakhPaid-up capital
- 265Employees (provident fund records)
- -7%Revenue CAGR, 3 years
- -15%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Shore Infotech India Private Limited are on its company page.
Detailed financial statements for Shore Group
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Shore Group
Shore Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include LabSpot.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Project management software for curriculum design and tracking is provided. | labspot.io | United Kingdom | 2016 | Nov 2017 | •••• |
Complete acquisition details for Shore Group
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Shore Group
3 dated milestones of Shore Group across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Shore Group is founded.
- Funding First funding round.
- Acquisition Acquires LabSpot.
Competitors of Shore Group
Shore Group 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 Xcalar, Iris.Ai, ClearStory Data, 1010data and Datactics, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| xcalar.com | 2013 | San Jose, United States | $18.39M | 13 | Data discovery platform is offered for analytics and BI extensions. | |
| iris.ai | 2015 | Haslum, Norway | $21.58M | – | An AI-based platform for database searching has been developed. | |
| clearstorydata.com | 2011 | Palo Alto, United States | $30M | 37 | Internal and external data is analyzed through a cloud-based platform. | |
| 1010data.com | 2000 | New York, United States | $35M | 134 | Cloud-based platform for big data analytics and discovery is provided. | |
| datactics.com | 1999 | Belfast, United Kingdom | $6.32M | 53 | Data quality and matching solutions are provided for regulated industries. | |
| cornerstone.co.uk | 2014 | London, United Kingdom | $5.94M | 10 | Subscription-based delivery of shaving supplies and skincare is offered. | |
| selectstar.com | 2020 | San Francisco, United States | $17.5M | – | Data discovery software is provided for analytics and governance. | |
| getlore.io | 2015 | Sunnyvale, United States | $3M | – | Big data integration and discovery are automated by Lore IO. | |
| datapad.io | 2013 | San Francisco, United States | $500,000 | – | Cloud based platform offering data discovery solutions |
Detailed competitors of Shore Group
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Latest news on Shore Group
Complete news archive for Shore Group
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Shore Group
10 companies that operate in the same segment as Shore Group (Business Analytics & Intelligence Tools), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Data, analytics, and AI capabilities are unified in a platform. | 2013 | San Francisco, California, United States | USD 24.67 B | USD 15.9 M | 341 | |
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 3,940 | |
Consumer intelligence-driven mobile marketing platform is provided for user acquisition. | 2005 | Singapore, Singapore | USD 10 M | USD 288.73 M | 618 | |
AI-based solutions for health management are provided. | 2015 | Dallas, Texas, United States | USD 2.8 B | – | – | |
Artificial intelligence and analytics solutions are provided for enterprise transformation. | 2000 | New York, New York, United States | USD 685 M | USD 270.83 M | 4,620 | |
Cloud based data streaming analytics and governance platform | 2014 | Mountain View, California, United States | USD 456 M | USD 963.64 M | 3,060 | |
Risk assessment and management solutions are provided for enterprises. | 2020 | San Diego, California, United States | USD 328.24 M | – | 393 | |
Cloud-based analytics solutions for retail shelf management are delivered. | 2010 | Singapore, Singapore | USD 1.03 B | – | – | |
AI based text summarization and contextualization software tool | 2015 | San Francisco, California, United States | USD 222.7 M | – | 194 | |
AI-based fraud prevention for e-commerce payments is provided. | 2013 | New York, New York, United States | USD 232.02 M | USD 346.08 M | 693 |
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Frequently Asked Questions about Shore Group
Shore Group was founded in 2005 and raised its 1st funding round 12 years after it was founded.
Shore Group is headquartered in New York, United States. It is registered at New York, New York, United States.
Shore Group has 265 employees.
The primary company behind Shore Group, Shore Infotech India Private Limited, reported revenue of ₹29.65 Cr for FY 2024, down 10% year on year.
Shore Group was founded in 2005 in New York, United States, and operates in the data analytics sector. Business intelligence solutions are provided via data processing, architecture, machine learning, and natural language processing. Custom data collection, unstructured data solutions, life science data solutions, and proprietary data sets are among the offerings extended to clients.
Shore Group offers Digital Services, Managed Services, and Value Added Staffing.
Shore Group has made 1 acquisition, including LabSpot.
Shore Group has 1 investor. Key investors include ClearPoint Investment Partners.
Shore Group operates through Shore Infotech India Private Limited.
The legal entities of Shore Group currently have 3 directors, including Shantha Nearametla, Ian Matthew Sax, Krishnadeva Veerareddy.