Exadel Company Profile

Background

Founded in 1998, Exadel is a global software engineering company specializing in digital transformation services and custom software solutions. Headquartered in Walnut Creek, California, Exadel operates over 30 delivery centers across 17 countries, including the United States, Poland, and Hungary. The company's mission is to assist clients in becoming digital leaders by delivering innovative platforms, products, and applications that drive business growth. Exadel serves a diverse range of industries, such as healthcare, financial services, e-commerce, media, and education.

Key Strategic Focus

Exadel's strategic focus encompasses:

Digital Transformation Services: Providing end-to-end consulting, design, engineering, and managed services to facilitate clients' digital evolution.

Custom Software Development: Developing tailored software solutions that address specific business needs across various sectors.

Technological Expertise: Utilizing advanced technologies, including AI, machine learning, blockchain, and cloud services, to deliver cutting-edge solutions.

Global Expansion: Extending its global footprint through strategic acquisitions and the establishment of new offices, particularly in Europe and Latin America.

Financials and Funding

In March 2021, Exadel was acquired by Sun Capital Partners, a private equity firm, marking a significant milestone in its financial history. This acquisition has provided Exadel with the resources to accelerate growth through strategic acquisitions and operational enhancements. The company's revenue has seen substantial growth, with a 35% year-over-year increase reported in 2021. As of February 2025, Exadel's annual revenue reached $750 million.

Pipeline Development

Exadel has developed a suite of proprietary solutions to enhance its service offerings, including:

CompreFace: An open-source face recognition service that integrates seamlessly into various systems without requiring machine learning expertise.

Exadel Toolbox for AEM: A comprehensive set of developer tools designed to complement Adobe Experience Manager.

CRISP: A Google Chrome extension for automated testing, enabling QA teams to auto-generate test code with customizable features.

Smart Library: A collection of reusable components providing a standardized user experience for various digital elements.

Exadel Audits: Software auditing services covering areas such as Quality Assurance, DevOps, Agile methodologies, and more.

KeywordFlow: A tool that allows QA teams to quickly write testing scenarios without deep technical knowledge.

Technological Platform and Innovation

Exadel distinguishes itself through its technological platforms and innovative methodologies:

Proprietary Technologies: Development of tools like CompreFace and Exadel Toolbox for AEM, enhancing client capabilities.

Scientific Methods: Implementation of AI and machine learning algorithms to drive data-driven decision-making and automation.

AI-Driven Capabilities: Leveraging AI to develop intelligent solutions that optimize business processes and customer experiences.

Leadership Team

Exadel's leadership team comprises experienced professionals dedicated to driving the company's strategic vision:

Darren Oberst: Appointed CEO in November 2021, bringing extensive experience in technology and business strategy.

Fima Katz: Founder and former CEO, transitioned to Executive Chairman of the Board in 2021, continuing to provide strategic guidance.

Eyal Zucker: Managing Director of Exadel Hungary, overseeing operations and contributing to the company's European expansion.

Leadership Changes

In November 2021, Darren Oberst succeeded Fima Katz as CEO, with Katz assuming the role of Executive Chairman. This transition marked a strategic move to leverage Oberst's expertise in scaling technology businesses.

Competitor Profile

Market Insights and Dynamics

The global software development and IT services market is highly competitive, with significant growth driven by digital transformation initiatives across industries. Companies are increasingly seeking partners that can deliver innovative solutions, integrate advanced technologies, and provide scalable services.

Competitor Analysis

Exadel's primary competitors include:

Intellectsoft: A software development company specializing in mobile app development and enterprise solutions.

Mojotech: Focuses on web and mobile application development, emphasizing agile methodologies.

MentorMate: Offers custom software development services with a strong presence in the healthcare sector.

Exadel differentiates itself through its comprehensive service offerings, proprietary technologies, and global delivery capabilities.

Strategic Collaborations and Partnerships

Exadel has engaged in strategic collaborations to enhance its market position:

Acquisition of Codete: In November 2022, Exadel acquired Codete, a Krakow-based IT development and consulting company, expanding its European presence.

Acquisition of Motion Software: In July 2022, Exadel acquired Motion Software, specializing in blockchain, AI, analytics, healthcare, and eLearning, strengthening its technological capabilities.

Acquisition of CPQi: In June 2022, Exadel acquired CPQi, a provider of transformation services for financial organizations, enhancing its fintech offerings.

Operational Insights

Exadel's strategic acquisitions and global expansion have positioned it as a leader in digital transformation services. The company's focus on developing proprietary solutions and integrating advanced technologies provides a competitive edge in delivering tailored, innovative solutions to clients.

Strategic Opportunities and Future Directions

Looking ahead, Exadel aims to:

Expand Global Presence: Continue growth in key markets, particularly in Europe and Latin America.

Enhance Technological Capabilities: Invest in emerging technologies such as AI, machine learning, and blockchain to offer cutting-edge solutions.

Strengthen Industry Partnerships: Forge alliances with industry leaders to co-develop solutions and expand service offerings.

Focus on Client-Centric Solutions: Tailor services to meet the evolving needs of clients across various industries, ensuring high satisfaction and long-term partnerships.