Belitsoft Software Development Company

Background

Founded in 2004, Belitsoft is a client-oriented custom software development company committed to delivering high-quality software products and services. The company's mission is to delight clients with exceptional custom software development services while providing attractive job opportunities and a conducive work environment for its teams.

Key Strategic Focus

Belitsoft specializes in full-cycle software development services, including custom software development, AI development, data and analytics software development, business intelligence implementation, cloud development, and application modernization. The company leverages a range of technologies such as .NET, Java, PHP, Python, JavaScript frameworks (React, Angular, Vue.js), and mobile development platforms (iOS, Android, React Native).

Financials and Funding

In 2022, Noventiq (formerly Softline), a global IT solutions and services provider, acquired a majority stake in Belitsoft. This strategic acquisition aims to accelerate geographic expansion and enhance capabilities in data technologies, cloud services, and custom software development.

Pipeline Development

Belitsoft has successfully completed over 200 large and medium-scale projects, each exceeding 2,000 hours. Notable projects include:

JoomLMS Learning Management System: Developed and supported since 2006, serving over 5 million users worldwide with more than 200 implementations.

SaaS Web Application for International Calling: A prepaid calling service enabling affordable calls inside and outside the USA via the Internet (PIN-less VoIP), handling over 200 financial transactions per second for more than 7 million customers.

Financial Software for a Telecommunication Company: A system combining ERP and CRM functionalities, managing $300 million in annual financial transactions and millions of database records.

Technological Platform and Innovation

Belitsoft distinguishes itself through proprietary technologies and innovative methodologies, including:

Custom Software Development: Tailored solutions across various industries, ensuring scalability and performance.

AI Development: Implementing artificial intelligence to optimize processes and enhance decision-making.

Cloud Development: Expertise in migrating and developing applications on cloud platforms like AWS, Azure, and Google Cloud.

Business Intelligence Implementation: Integrating data analytics to provide actionable insights for clients.

Leadership Team

Vladimir Tursin: CEO and Co-Founder, leading the company's strategic direction and growth.

Dmitry Baraishuk: COO, overseeing operational excellence and innovation.

Alexander Kosarev: CTO, responsible for technological advancements and infrastructure.

Dmitri Shteinberg: Regional CEO, managing regional operations and client relations.

Veronika Smoliak: HR Director, focusing on talent acquisition and organizational development.

Alexander Kom: Business Development Director, driving business growth and partnerships.

Alexander Shestel: Deputy Business Development Director, supporting business expansion initiatives.

Dmitry Kravtsov: Senior Business Development Manager, managing key client relationships.

Dzmitry Garbar: Delivery Manager, ensuring project delivery and client satisfaction.

Denis Perevalov: Delivery Manager, overseeing project execution and quality.

Alexander Suhov: Delivery Manager, managing project timelines and resources.

Irina Bobrovskaya: Testing Department Manager, ensuring software quality and reliability.

Kate Kazimirova: UI/UX Department Manager, leading user experience and design.

Vitali Kiselev: Department Head and Partner, contributing to strategic decisions and leadership.

Leadership Changes

In 2022, following the acquisition by Noventiq, Belitsoft's leadership team continued to drive the company's growth and integration into the larger organization.

Competitor Profile

Market Insights and Dynamics

The custom software development industry is experiencing significant growth, driven by digital transformation initiatives across various sectors. Companies seek tailored software solutions to enhance operational efficiency, customer engagement, and competitive advantage.

Competitor Analysis

Belitsoft's primary competitors include:

DataArt: Founded in 1997, headquartered in New York, specializing in custom software development across multiple industries.

Oxagile: Established in 2005, based in New York, focusing on software development and IT consulting services.

EffectiveSoft: Founded in 2001, located in San Diego, offering custom software development and IT services.

Strategic Collaborations and Partnerships

Belitsoft has established significant collaborations with clients such as Honeywell, IDT Corporation, Berkeley University, and Technicolor. These partnerships have strengthened its market position and innovation capacity.

Operational Insights

Belitsoft's strategic considerations include:

Client Retention: 50% of current clients have been with Belitsoft for over five years, indicating strong client relationships.

Customer Satisfaction: Achieved a 9.45 out of 10 customer satisfaction rating, reflecting high service quality.

Employee Tenure: Average employee tenure of four years, with over 50 specialists having worked at Belitsoft for more than seven years, demonstrating a stable and experienced workforce.