About SITA
SITA is a company based in Le Grand Saconnex (Switzerland) founded in 1949.. SITA has completed 6 acquisitions, including ASISTIM, CCM Group and Materna IPS. SITA offers products and services including SITA Baggage Management, SITA Border Management, SITA Communications, SITA Passenger Processing, and SITA APIs. SITA operates in a competitive market with competitors including Amadeus, IBS Software Services, Portside, Rockwell Collins and Veryon, among others.
- Headquarter Le Grand Saconnex, Switzerland
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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 Sita Information Networking Computing (India) Private Limited
- Date of Incorporation 13 Jan, 2003
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$95.76 M (USD)115.18as on Mar 31, 2023
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Net Profit
$18.34 M (USD)292.3as on Mar 31, 2023
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EBITDA
$78.74 M (USD)162.85as on Mar 31, 2023
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Latest Funding Round
$400 M (USD), Debt – Conventional
Jul 07, 2022
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
ASISTIM
& 5 more
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Products & Services of SITA
SITA offers a comprehensive portfolio of products and services, including SITA Baggage Management, SITA Border Management, SITA Communications, SITA Passenger Processing, and SITA APIs. 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.
System for efficient baggage tracking and management in airports
Tools for secure border processing of travelers
Platform for air-to-ground communications in aviation
Solutions for streamlined airport passenger journeys
APIs for integrating air transport data and services
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Software Development Team
84 people
Sales and Marketing
50 people
Operations Team
40 people
Leadership Team
35 people
Senior Team
29 people
Finance and Accounting
26 people
Human Resources and Administration
23 people
Project Team
19 people
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Funding Insights of SITA
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Conventional — $400.0M
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First Round
First Round
(07 Feb 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2022 | Amount | Debt – Conventional - SITA | Valuation |
investors |
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| Apr, 2018 | Amount | Grant - SITA | Valuation |
investors |
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| Jul, 2017 | Amount | Grant - SITA | Valuation |
investors |
| 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 |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SITA
SITA has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 SITA
SITA has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include ASISTIM, CCM Group and Materna IPS. 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-powered analytics platform for airport operations is provided.
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2015 | ||||
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Fuel optimization and safety management are delivered to aviation firms.
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2010 | ||||
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Airline flight operation services are provided by ASISTIM in Germany.
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2007 |
| 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 - SITA
| 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 |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sita Comparisons
Competitors of SITA
SITA 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 Amadeus, IBS Software Services, Portside, Rockwell Collins and Veryon, 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 |
SaaS-based operations management is provided for hospitality and aviation sectors.
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| domain | founded_year | HQ Location |
Software solutions are provided for airline, hospitality, and logistics sectors.
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| domain | founded_year | HQ Location |
Cloud-based aircraft data and management systems are provided.
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| domain | founded_year | HQ Location |
Avionics systems and software solutions are provided for aerospace applications.
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| domain | founded_year | HQ Location |
Cloud-based inventory management and maintenance forecasting are offered for aviation.
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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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On-demand services are booked through an app-based platform.
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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 Sita
Frequently Asked Questions about SITA
When was SITA founded?
SITA was founded in 1949 and raised its 1st funding round 68 years after it was founded.
Where is SITA located?
SITA is headquartered in Le Grand Saconnex, Switzerland. It is registered at Le Grand Saconnex, Geneve, Switzerland.
Who is the current CEO of SITA?
David Lavorel is the current CEO of SITA.
What is the annual revenue of SITA?
Annual revenue of SITA is $95.76M as on Mar 31, 2023.
What does SITA do?
SITA was founded in 1949 and is based in Le Grand Saconnex, Switzerland. Cloud-based platforms for aviation operations are developed and maintained, covering areas such as baggage handling, passenger processing, fares distribution, border controls, and aircraft parts sourcing. Data exchange and communication tools are also facilitated, alongside support for commercial and community messaging needs in the global aviation sector.
Who are the top competitors of SITA?
SITA's top competitors include Amadeus, IBS Software Services and Portside.
What products or services does SITA offer?
SITA offers SITA Baggage Management, SITA Border Management, SITA Communications, SITA Passenger Processing, and SITA APIs.
How many acquisitions has SITA made?
SITA has made 6 acquisitions, including ASISTIM, CCM Group, and Materna IPS.
Who are SITA's investors?
SITA has 1 investor. Key investors include European Union.
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