About Ventiv Tech
Ventiv Tech is a company based in Chicago (United States) founded in 1972 was acquired by Riskonnect in January 2024.. The company has 181 employees as of December 31, 2022. Ventiv Tech has completed 1 acquisition, including DAVID Corporation. Ventiv Tech offers products and services including IRM Solutions, Billing Services, Claims Management, Enterprise Policy, and Tech Support. Ventiv Tech operates in a competitive market with competitors including Sedgwick, EXIGER, Riskified, Kyriba and CyberGRX, among others.
- Headquarter Chicago, United States
- Employees 181 as on 31 Dec, 2022
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Sectors
Financial ServicesTechnology
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
STG
& 2 more
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Employee Count
181
as on Dec 31, 2022
- Investments & Acquisitions
- Acquired by
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Products & Services of Ventiv Tech
Ventiv Tech offers a comprehensive portfolio of products and services, including IRM Solutions, Billing Services, Claims Management, Enterprise Policy, and Tech Support. 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.
Platform for integrated risk management and oversight services
Tools for managing risk-related billing operations efficiently
System for handling and processing insurance claims securely
Solutions for developing and enforcing enterprise risk policies
Assistance for risk management technology implementation and maintenance
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Funding Insights of Ventiv Tech
| 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 Ventiv Tech
Ventiv Tech has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include STG, Riskonnect and Tailwind Capital. 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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PE firm investing in the US
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Founded Year | Domain | Location | |
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A private equity firm focused on mid-market software leaders.
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Founded Year | Domain | Location | |
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Cloud-based risk management solutions are offered for the insurance sector.
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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 Ventiv Tech
Ventiv Tech has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include DAVID Corporation. 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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Platform that provides risk management and insurance software
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1984 |
| 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 - Ventiv Tech
| 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 |
Ventiv Tech Comparisons
Competitors of Ventiv Tech
Ventiv Tech 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 Sedgwick, EXIGER, Riskified, Kyriba and CyberGRX, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Claims administration, loss adjusting, and benefits management services are provided.
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| domain | founded_year | HQ Location |
Third-party risks and supply chains are managed via AI platform.
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| domain | founded_year | HQ Location |
AI-based fraud prevention for e-commerce payments is provided.
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| domain | founded_year | HQ Location |
Cloud-based treasury automation and risk management solutions are provided.
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| domain | founded_year | HQ Location |
Cloud-based risk assessment and management solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based risk management solutions are offered for the insurance sector.
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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 Ventiv Tech
Frequently Asked Questions about Ventiv Tech
When was Ventiv Tech founded?
Ventiv Tech was founded in 1972.
Where is Ventiv Tech located?
Ventiv Tech is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
How many employees does Ventiv Tech have?
As of Dec 31, 2022, the latest employee count at Ventiv Tech is 181.
What does Ventiv Tech do?
Ventiv Technology was established in 1972 in Chicago, United States, focusing on the risk management software sector. Cloud-based information systems for risk, claims administration, auditing, and safety are delivered to businesses and public organizations. Formerly Aon eSolutions, the company expanded through the acquisition of 4iSoft in January 2016, supporting operations across various industries.
Who are the top competitors of Ventiv Tech?
What products or services does Ventiv Tech offer?
Ventiv Tech offers IRM Solutions, Billing Services, Claims Management, Enterprise Policy, and Tech Support.
How many acquisitions has Ventiv Tech made?
Ventiv Tech has made 1 acquisition, including DAVID Corporation.
Who are Ventiv Tech's investors?
Ventiv Tech has 3 investors. Key investors include STG, Riskonnect, and Tailwind Capital.