About Vitech
Vitech is a company based in New York (United States) founded in 1986 was acquired by Majesco in November 2025. It operates as a SaaS (Software-as-a-Service), and Managed Services. The company has 913 employees as of April 05, 2024. Vitech offers products and services including V3locity, Data Analytics, Digital Self-Service, Claims Processing, and Campaign Management. Vitech operates in a competitive market with competitors including Teamshares, SeedLegals, CrossLend, DealCloud and Bimaplan, among others.
- Headquarter New York, United States
- Employees 913 as on 05 Apr, 2024
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Sectors
Financial ServicesTechnology
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Email
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- Legal Name Vitech Systems Sub Llc
- Date of Incorporation 18 Sep, 2003
- Jurisdiction Hyderabad, Telangana, India
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Products & Services of Vitech
Vitech offers a comprehensive portfolio of products and services, including V3locity, Data Analytics, Digital Self-Service, Claims Processing, and Campaign Management. 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.
Cloud-native platform for insurance and pension administration tasks.
Transforms data using AI for real-time business decisions.
Enables self-service experiences for customers with direct control.
Automates claims management for efficiency and customer satisfaction.
Delivers targeted communications to audiences on preferred devices.
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Funding Insights of Vitech
| 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 |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Vitech
Vitech has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include CVC and Majesco. 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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Mezzanine financing and equity investments are provided by CVC.
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Provider of cloud-based insurance policy management and data analytics solutions for the insurance industry
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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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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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Investments & Acquisitions by Vitech
| 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 |
Financial Statements - Vitech
| 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 |
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Vitech Comparisons
Competitors of Vitech
Vitech 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 Teamshares, SeedLegals, CrossLend, DealCloud and Bimaplan, 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 |
Solutions to sell small businesses
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Deal management software is offered for agreements and investments.
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Loans are securitized to link originators with institutional investors.
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Deal-flow management tools are offered for alternative investment firms.
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Multiple insurance policies are enabled through a digital platform.
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| domain | founded_year | HQ Location |
Dealmaking platform with compliant workflows and dealmaker network is offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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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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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Vitech
Frequently Asked Questions about Vitech
When was Vitech founded?
Vitech was founded in 1986.
Where is Vitech located?
Vitech is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Vitech?
Richard Hart is the current CEO of Vitech.
How many employees does Vitech have?
As of Apr 05, 2024, the latest employee count at Vitech is 913.
What is the annual revenue of Vitech?
Annual revenue of Vitech is $26.25M as on Mar 31, 2023.
What does Vitech do?
Vitech is engaged in delivering advanced software solutions for insurance and pension administration. The company operates within the technology and financial sectors, focusing on group insurance, voluntary benefits, worksite insurance, and pension management. Its flagship product, V3locity, is a cloud-native platform powered by AWS, offering scalability, security, and modular architecture. Solutions provided include core administration, data analytics, digital self-service, claims processing, and campaign management. Vitech serves industry leaders by enabling speed, scalability, and transformative customer experiences through automation and real-time data insights.
Who are the top competitors of Vitech?
Vitech's top competitors include SeedLegals, Teamshares and Finalis.
What products or services does Vitech offer?
Vitech offers V3locity, Data Analytics, Digital Self-Service, Claims Processing, and Campaign Management.