Shore Group
Powerful data-driven solutions for the world’s most critical problems.
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | Growth Equity VC | ||
| Total Funding | 000k | ||
Founded in 2006 by Ian Sax and Krishna Veerareddy, Shore Group Associates operates as a privately held IT consulting and outsourcing firm, specializing in data-driven services for enterprises. The company positions itself as a strategic partner for private equity and venture-backed companies, aiming to enhance their technological and operational frameworks. A significant milestone in the company's history was the equity investment from ClearPoint Investment Partners in September 2017, a move intended to accelerate the company's growth and expand its market position.
Shore Group's business model centers on a hybrid onshore-offshore approach, combining US-based management with offshore technical talent to provide cost-effective solutions. This structure allows clients to focus on core growth activities while Shore Group manages complex technology, data, and business process challenges. The firm serves a diverse client base across major industries, including Financial Services, Private Equity, Healthcare, Real Estate, and eCommerce. Revenue is generated by providing a suite of digital and managed services, alongside value-added staffing.
Services are segmented into three main categories. Digital Services encompass application modernization, cloud services, automation, and data analytics, including AI/ML and platform development. The Managed Services division focuses on outsourcing business operations such as data entry, quality assurance, custom research, and revenue operations support. Finally, Value-Added Staffing provides skilled professionals like software engineers, research analysts, and project managers to augment client teams. This comprehensive offering enables the company to handle unstructured data by collecting, cleansing, and transforming it into actionable business intelligence for its clients.
Keywords: IT consulting, data management solutions, business process outsourcing, private equity services, venture-backed support, onshore-offshore model, application modernization, cloud services, data analytics, managed services, value-added staffing, data enrichment, quality assurance, custom research, revenue operations, big data, AI/ML, financial services technology, healthcare data, RegTech
