Movate

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Movate - overview

Established

1996

Location

Plano, TX, US

Primary Industry

Software

About

Movate, based in the US, Movate, formerly CSS Corp, specializes in digital transformation solutions that enhance customer experiences and operational efficiencies across various sectors, utilizing advanced technologies like AI and automation. Movate, founded in 1996 in Plano, US, focuses on providing digital transformation services. The firm has undergone strategic pivots to refine its offerings and align with market demands. Co-founded by Abhishek Gupta, David Wood, Mindy Seu, Paul Reid, Taha Gamal, and Wai-Keung L, In December 2025, Movate, a portfolio company of Deutsche Bank Asset Management, Morgan Stanley Investment Management, Falcon Investments, Startek, Inc.


, Capital Square Partners, and Goldman Sachs Asset Management, acquired Solomo. Movate specializes in delivering a comprehensive suite of digital transformation solutions that focus on enhancing customer experience and operational efficiency across various industries. The company's core offerings include a range of AI-powered services such as Digital Infrastructure Services, Digital Engineering and Insights, Digital Customer Experience, and Enterprise Product Services. These solutions utilize advanced technologies like artificial intelligence, machine learning, and automation to drive insights-driven decision-making, streamline operations, and improve customer engagement.


Movate addresses specific use cases, including optimizing supply chain management, enhancing customer interactions in retail, and transforming healthcare services through predictive analytics. The company serves a diverse client base, including global brands in sectors such as telecommunications, automotive, retail, technology, and healthcare. Movate's products are sold primarily in North America, Europe, and Asia-Pacific, catering to enterprises looking to modernize their operations and leverage data for strategic growth. Movate's revenue is generated through a combination of subscription models, partnerships, and managed services, allowing for a steady stream of income from its diverse client base.


Clients engage with Movate through tailored contracts for its flagship products, which include services like Movate Edison, a platform for intelligent customer experience management, and Movate Contelli, which focuses on simplifying complex infrastructure. These services often involve multi-year agreements that guarantee long-term collaboration and support. Transaction structures typically encompass B2B relationships, where Movate provides continuous support and innovation tailored to the specific needs of each enterprise client. The pricing plans are designed to align with the value delivered to clients, ensuring that businesses can scale their operations effectively while benefiting from advanced technological solutions.


The acquisition enables Movate to enhance its capabilities in delivering AI-driven platform solutions and strengthening its position within the Salesforce ecosystem.


Current Investors

Falcon Investments, Morgan Stanley Investment Management, Baring Private Equity Partners

Primary Industry

Software

Sub Industries

IT Infrastructure, IT Security/Cybersecurity, Analytics & Performance Software, Application Integration Software, Connectivity Software, Customer Relationship Management, Engineering Software, Sales & Marketing Software

Website

www.movate.com/

Verticals

Artificial Intelligence, Cloud Computing, IoT (Internet of Things)

Company Stage

Mature

Total Amount Raised

Subscriber access only

Movate - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedSolomo-
Add-onCompletedPrescience Decision Solutions-
Add-onCompletedTSD Global, Inc.-
Add-onCompletedDirectly Software Inc's OnDemand business unit-
BuyoutCompletedMovate-

Displaying 1 - 5 of 7

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.