When was Movate founded?

Movate was founded in 1996 and raised its 1st funding round 10 years after it was founded.

Where is Movate located?

Movate is headquartered in Plano, United States. It is registered at Milpitas, California.

How many employees does Movate have?

As of Mar 31, 2026, the latest employee count at Movate is 10001.

Is Movate a funded company?

Movate is a funded company, having raised a total of $77.5M across 5 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on 2006.

How much is Movate worth?

The last known valuation of Movate was $***** as of May 23, 2013.

When was the latest funding round of Movate?

Movate's latest funding was a $***** Conventional Debt round on Jul 07, 2021, with participation from 2 investors.

Where does Movate rank among its competitors?

Movate ranks 37th amongst 134919 active competitors, of which 1059 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Accenture, which secured an undisclosed amount in Mar, 2024.

Who are the top competitors of Movate?

Movate's top competitors include IBM, UST and Mindtree. Among them, Accenture secured the most recent funding round in March, 2024.

Movate - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of IT suite services. It offers a wide range of services like digital transformation, application development, AI, automation, data analytics, cloud, networking, cyber security, support, and customer success management. It has evolved into a human-centered, innovation-driven organization that empowers businesses to accelerate digital transformation, enhance customer engagement, and achieve exceptional operational outcomes.

Website: www.movate.com/
Social
Email ID: *****@movate.com
Registered Address: Milpitas, California

Key Metrics

Founded Year

1996

Location

Plano, United States

Stage

Acquired

Total Funding

$77.5M in 5 rounds

Latest Funding Round

Conventional Debt, Jul 07, 2021, $*****

Last Known Valuation

$***** as on May 23, 2013

Investors

Morgan Stanley & 9 more

Ranked

37^th among 134919 active competitors

Employee Count

10,001 as on Mar 31, 2026

Investment & Acquisitions

Solomo & 3 more

Similar Companies

IBM & 158784 more

Exit Details

Acquired by Capital Square Partners (Feb 25, 2021)

View Movate's full profile

Movate is associated with 5 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Movate Belgium CIN: 0645.868.065 , Belgium, Active	Jan 12, 2016	-	-	-
MOVATE INC. CIN: 6672072 , United States, Active	Dec 19, 2022	-	390 (As on Dec 31, 2023)	-
MOVATE UK LIMITED CIN: 4307327 , United Kingdom, Active	Oct 17, 2001	$3.94M (As on Mar 31, 2025)	7 (As on Mar 31, 2025)
SLASH SUPPORT D/B/A CSS CORPORATION CIN: 912006027 , Belgium, Active	Dec 26, 999	-	270 (As on Dec 31, 2020)	-
MOVATE TECHNOLOGIES PRIVATE LIMITED CIN: U72900TN2000PTC115034 , India, Active	Jul 25, 2000	$90.8M (As on Mar 31, 2025)	6827 (As on Apr 01, 2026)

Movate got acquired by Capital Square Partners on Feb 25, 2021.

Click here to take a look at Movate's acquisition in detail

Movate has raised a total funding of $77.5M over 5 rounds. Its first funding round was on 2006. Its latest funding round was a Conventional Debt round on Jul 07, 2021 for $*****. 2 investors participated in its latest round. Movate has 10 institutional investors.

Here is the list of recent funding rounds of Movate:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 07, 2021	1529575	Conventional Debt	7773592	3852250	7090461	5090784
Jul 07, 2021	1473652	Series C	2880051	7017298	1428555	3421774
Feb 25, 2021	7357959	Series C	5482092	2553668	Startek	2345205

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View details of Movate's funding rounds and investors

Here are the details of Movate's key team members:

Sunil Mittal: CEO of Movate.
Contact Info: 1 email address

Movate's Board of Directors

Movate's board has 1 active member. Manee Rajkumar is independent board member.

Here is the list of Movate's board of directors:

Name	Type	Representing	Status	Duration
Manee Rajkumar	Independent board member	-	Current	1y 7m

View details of Movate's Founder profiles and Board Members

Movate's employee count trend

Movate has 10,001 employees as of Mar 26. Here is Movate's employee count trend over the years:

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Top competitors of Movate include IBM, UST and Mindtree. Here is the list of Top 10 competitors of Movate, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	IBM 1911, United States, Public	Provider of hybrid cloud, artificial intelligence, and consulting services	-	Berkshire Hathaway, Runway & 17 others	80/100
2nd	UST 1999, Aliso Viejo (United States), Late Stage	Provider of data analytics, cloud modernization, management strategy, and digital transformation services	$250M	Temasek, MFAR & 1 others	80/100
3rd	Mindtree 1999, Bengaluru (India), Acquired	Consulting and implementations company	$23.9M	Global Technology Ventures, Capital Group ... & 9 others	79/100
4th	Hewlett Packard Enterprise 2015, Houston (United States), Public	Provider of edge-to-cloud solutions, products, and services for enterprise organizations	-	Draper Athena, Kleiner Perkins & 2 others	79/100
5th	Accenture 1989, Dublin (Ireland), Public	Provider of IT consulting, technology, and outsourcing services	-	ngn-capital.com, Bondeinvest.com & 6 others	76/100
6th	Happiest Minds 2011, Bengaluru (India), Public	Provider of IT suite services	$64.8M	Canaan, Trident Trust & 40 others	76/100
7th	Infosys 1981, Bengaluru (India), Public	Provider of digital marketing, data analytics, and IT services	-	Seaside Private Capital, Nepean Capital & 1 others	75/100
8th	Virtusa 1996, Westborough (United States), Acquired	IT services company	$45.2M	Back Bay Group, Orogen Group & 8 others	73/100
9th	Datamatics 1975, Mumbai (India), Public	Provider of digital technologies, business process management, analytics, and automation services	$3M	IIML	73/100
10th	Sutherland 1986, Pittsford (United States), Late Stage	Provider of business process and technology management services	$60M	Affirma Capital, Oak Investment Partners & 3 others	73/100
37th	Movate 1996, Plano (United States), Acquired	Provider of IT suite services	$77.5M	Elevation Capital, Goldman Sachs & 8 others	67/100