About Virtual IT Group
Virtual IT Group is a company based in Melbourne (Australia) founded in 2015. It operates as a B2B. Virtual IT Group has completed 1 acquisition, including Ittelligent. Virtual IT Group offers products and services including Managed IT Services, Cyber Security Services, Cloud Services, and Business Continuity Services. Virtual IT Group operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Melbourne, Australia
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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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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Virtual IT Group
Virtual IT Group offers a comprehensive portfolio of products and services, including Managed IT Services, Cyber Security Services, Cloud Services, and Business Continuity Services. 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.
Provides 24/7 IT support and maintenance for businesses
Enhances protection against cyber threats for organizations
Offers migration and management of cloud infrastructure
Delivers data protection and recovery solutions for businesses
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Funding Insights of Virtual IT Group
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2024 | Amount | Private Equity Round - Virtual IT Group | 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 Virtual IT Group
Virtual IT Group has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include The Riverside Company. 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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Private equity and debt are provided to middle market companies.
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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 Virtual IT Group
Virtual IT Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Ittelligent. 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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Generic and branded prescription medications are provided and commercialized.
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2006 |
| 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 - Virtual IT Group
| 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 |
Virtual It Group Comparisons
Competitors of Virtual IT Group
Virtual IT 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 UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, 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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High-quality office furniture is provided by UST for various needs.
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Provider of end-to-end business process outsourcing services
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Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
IT and management consultancy services are provided globally.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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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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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 Virtual It Group
Frequently Asked Questions about Virtual IT Group
When was Virtual IT Group founded?
Virtual IT Group was founded in 2015 and raised its 1st funding round 9 years after it was founded.
Where is Virtual IT Group located?
Virtual IT Group is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
What does Virtual IT Group do?
Virtual IT Group is a managed services provider offering IT support, cyber security, cloud services, and disaster recovery to over 1400 clients across Australia and globally. They deliver tailored solutions through expert teams, focusing on optimizing technology for various industries like finance and manufacturing. Headquartered in Shellharbour, they ensure businesses can focus on core operations while managing their IT needs securely and efficiently.
Who are the top competitors of Virtual IT Group?
Virtual IT Group's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
What products or services does Virtual IT Group offer?
Virtual IT Group offers Managed IT Services, Cyber Security Services, Cloud Services, and Business Continuity Services.
How many acquisitions has Virtual IT Group made?
Virtual IT Group has made 1 acquisition, including Ittelligent.
Who are Virtual IT Group's investors?
Virtual IT Group has 1 investor. Key investors include The Riverside Company.