Servoy Company Profile

Background

Overview

Founded in 2001, Servoy is a cross-platform application development and deployment platform designed to assist developers in creating and managing business applications efficiently. The company's mission is to empower businesses to build and deploy future-proof software rapidly, facilitating innovation and superior application delivery. Servoy's platform is utilized by Independent Software Vendors (ISVs) and enterprises to develop applications that operate seamlessly across various devices and operating systems.

Acquisition

In February 2024, Servoy was acquired by Volaris Group, a division of Constellation Software Inc. This acquisition aims to enhance Volaris Group's presence in the low-code and no-code software development sector. Servoy continues to operate under its existing brand, focusing on delivering high-quality services to its clientele.

Key Strategic Focus

Core Objectives

Servoy's strategic focus centers on providing a professional low-code platform that enables rapid development and deployment of business applications. The company emphasizes:

Rapid Application Development: Accelerating the creation of complex, high-performance software solutions.

Cross-Platform Compatibility: Ensuring applications function seamlessly across various devices and operating systems.

Cloud Integration: Facilitating smooth migration from on-premises to cloud-based applications.

Primary Markets

Servoy primarily targets ISVs and enterprises seeking to modernize legacy systems and develop new applications with enhanced efficiency and scalability. The platform is particularly beneficial for industries requiring robust, mission-critical applications, such as healthcare, manufacturing, and logistics.

Financials and Funding

Revenue Growth

Servoy has demonstrated consistent revenue growth over the years:

2018: $30 million

2023: $54.3 million

2024: $62.7 million

This growth reflects the increasing adoption of Servoy's platform across various industries.

Funding History

Servoy's funding history includes:

Seed Round (2001): $544,000

Later Stage VC (2006): $544,000

Series A (2008): Undisclosed amount

The capital raised has been utilized to enhance product offerings and expand market reach.

Technological Platform and Innovation

Proprietary Technologies

Servoy offers a comprehensive suite of tools designed to streamline the application development lifecycle:

Servoy Core: An integrated development environment (IDE) that enables developers to build and modernize business applications for any device and operating system.

Servoy Cloud: A zero-touch DevOps and global production hosting solution, facilitating seamless deployment and management of applications.

Servoy Appsurance: A program aimed at de-risking complex projects by guiding development teams through the entire development lifecycle.

Scientific Methodologies

Servoy's platform incorporates advanced methodologies to enhance development efficiency:

Low-Code Development: Combines the productivity of low-code with the flexibility of integrated scripting, allowing for complex logic implementation without sacrificing control.

Cross-Platform Deployment: Enables applications to adopt the native look and feel of any platform or the web, using HTML and CSS code.

Leadership Team

Key Executives

Ron Burg: Chief Executive Officer

Background: Entrepreneur and founder of Servoy with an engineering background and experience in building software companies.

Role: Oversees company strategy and operations, focusing on growth and innovation.

Laurens Bushoff: Chief Financial Officer

Role: Manages financial planning and analysis, ensuring fiscal health and supporting strategic initiatives.

Peter Berg: Chief Operating Officer

Role: Leads operational strategies to enhance efficiency and service delivery.

Sean Devlin: Vice President of Product & Chief Technology Officer

Role: Drives product development and technological innovation to maintain competitive advantage.

Leadership Changes

In February 2024, Servoy was acquired by Volaris Group. Post-acquisition, the existing leadership team has continued to lead the company, ensuring continuity in strategic direction and operations.

Competitor Profile

Market Insights and Dynamics

The low-code development platform market is experiencing significant growth, driven by the demand for rapid application development and digital transformation initiatives. Servoy operates in a competitive landscape with several key players offering similar solutions.

Competitor Analysis