Company Research Report: Velv

Company Overview

Name

Velv

Mission of the Company

Build nearshore software development teams and improve project delivery through seamless collaboration.

Founding Information

• No information is available about the specific founding date or the founder(s) of Velv.

Key People

• No information is available about the key executives or leadership team.

Headquarters

• Velv is headquartered at Av. Fontes Pereira de Melo, 14, 1050-121, Lisbon, Portugal.

Number of Employees

• The company has more than 150 employees working on different projects and clients worldwide.

Revenue

• No information is available about the revenue of the company.

Core Competency

• Velv is known as a leading nearshoring company specialized in software development with seamless integration and collaboration with clients and partners.

Products and Services

Product Offerings

1. Team Extension

• Dedicated development teams working as extensions of existing teams, integrated remotely with client processes and methodologies.

2. CTO as a Service

• Temporary integration of senior engineers into teams to provide technological support, project guidance, and expertise enhancement.

3. Full Service Team

• Complete development teams offering shared responsibilities and service level agreements for fast scaling development structures.

High-Level Product Descriptions

Key Features of Products

• Team Extension: Seamless team augmentation, cost efficiency, cultural alignment, scalable solutions.

• CTO as a Service: On-demand technical expertise, strategic project advantage, enhanced performance, empowered team growth.

• Full Service Team: Scalable solution, dedicated expertise, accountability, seamless integration.

Recent Developments

Recent Developments in the Company

• Expansion into Europe with a focus on establishing itself as a leading nearshoring provider.

• Opening of new office in the Netherlands in 2024 to support international clients and projects.

New Products Launched

• No information is available about specific new products launched.

New Features Added to Existing Products

• Integration of advanced AI technologies like ChatGPT into CRM and ERP systems to optimize operations and user interactions.

New Partnerships

• Successful nearshore collaborations with companies like Google, Unilever, and Tilroy to deliver tailored engineering solutions and team extensions.

Locations

• Velv operates from locations in Lisbon, Porto, Rio de Janeiro, and Amsterdam, enhancing its ability to provide nearshore services with shared time zones and cultural alignment.

Inclusive and Diverse Workforce

• The company boasts high gender equality with 30% female employees and 73% in leading positions.

• It has a diverse cultural mix with employees from over 15 nationalities, encouraging global talent integration and mobility.

Research & Development Projects

• Engaged in projects focusing on Machine Learning, Cybersecurity, AI integration, and more, often in collaboration with European universities.

By leveraging a skilled talent pool and fostering strategic partnerships, Velv continues to enhance its portfolio of nearshoring solutions, emphasizing quality, integration, and innovation in software development services.