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Altsource

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AltSource and Competitors Overview



AltSource Company Overview



AltSource, headquartered in Portland, Oregon, is a leader in custom software development. It offers comprehensive 360° technology services for small and midsize businesses (SMBs) and enterprise-level companies. Their focus is on enhancing operational efficiency and productivity through tailored software solutions that address specific workflow challenges and business goals.

Services and Solutions



  • Custom Software Development: Specializes in mobile and web apps, legacy modernization, APIs & integrations, and .NET development aimed at operational efficiency.

  • Digital Strategy Consulting: Provides AltSource 360° Business Assessment, technology roadmaps, UI/UX/CX, project rescue, and enterprise architecture services to plan successful software strategies.

  • Custom Solutions: Includes ERP, eCommerce platform optimization, middleware solutions, business management systems, and customer & employee portals to streamline and optimize operations.

  • Industry Focus: Target industries include industrial manufacturing, construction, transportation, and logistics, financial services, and the emerging digital economy, including technology, SaaS, and eCommerce.


Strategic Technology Partner



AltSource positions itself as a key product vision partner. They empower businesses to reimagine their future and scale operations through advanced technology solutions, transforming complex operations for greater control and scalability.

Key Figures



  • Leadership: Dave Moore (Founder & President), Tom Kobayashi (Chief Solutions Officer), and Fumi Kelleher (COO/CFO).

  • Client Engagement: A portfolio of 44 satisfied clients with over 450 projects successfully delivered.

  • Recognition: Holds multiple awards for excellence in custom software applications.


Client Engagement and Partnership Approach



AltSource emphasizes long-term partnerships, offering custom, KPI-driven software solutions integral to scalable growth. Their methodology involves deep collaboration and understanding of client needs, translating insights into robust solutions that drive outcomes.

Financial Overview



AltSource's growth is strategically focused on organic expansion and client partnerships, with historical funding of less than $5 million in one round. This aligns with their commitment to providing tailored, client-focused engineering solutions.

Competitor Analysis



AltSource faces competition from companies within technology and custom software development sectors:

Primary Competitors



1. SmartSites
  • Type: Digital Marketing and Web Design Agency.

  • Services: Offers SEO, PPC, web design, and e-commerce support.

  • Headquarters: Paramus, NJ.

  • Employees: 201-500.

  • Achievements: Consistently recognized in Inc5000 from 2017-2023.


2. Coastal Corporation
  • Type: Diversified Energy and Petroleum Products.

  • Location: Houston, TX.

  • Strengths: Refining, marketing, and distribution of petroleum products, alongside seafood processing.


3. Martal Group
  • Type: B2B Lead Generation and Sales Outsourcing.

  • Services: Provides lead generation, customer onboarding, and account management based on proprietary AI technology.

  • Locations: North America and EMEA.


4. InflowCX
  • Industry: IT Services and Consulting.

  • Headquarters: Beaverton, Oregon.

  • Annual Revenue: $10.2 million.

  • Focus: Contact center and cloud consulting services.


5. Capital Numbers
  • Services: Custom software development, including AI/ML solutions and E-commerce.

  • Headquarters: Kolkata, India.

  • Employees: Over 750 experts.

  • Certifications: ISO 9001 and ISO 27001 certified.


Market Positioning Insights



AltSource's competitors, such as SmartSites and Capital Numbers, emphasize digital transformation and high-level custom development services across various industries. In comparison, InflowCX focuses on targeted IT consulting and cloud services, potentially competing with AltSource’s technology integration services. Coastal Corporation, although primarily in energy and seafood processing, represents diversified competition emphasizing market adaptability.

These competitors’ strategies, such as SmartSites' intense focus on digital marketing and Martal Group's AI-driven lead generation, outline the competitive landscape that AltSource navigates. AltSource differentiates itself through an agile workforce and personalized client engagement approach, emphasizing custom solutions aligned with client needs.

Strategic Considerations for AltSource



  • Client Engagement: Maintain a close client interaction model from project kickoff to lifecycle completion, applying bespoke solutions to evolving business challenges.

  • Growth Opportunities: Consider exploring emerging technologies, such as AI integration, akin to Martal Group’s approach, to boost AltSource’s competitive edge.

  • Talent Acquisition: Expand technical expertise by increasing workforce size and incorporating globally diverse tech talents to bolster project diversity and execution speed.

  • Revenue Generation: Focus on niche markets that align with their bespoke software strategy for sustained revenue growth.


By understanding its competitors and leveraging its strengths, AltSource can further penetrate existing markets and uncover new growth opportunities.