Company Overview
Velv by OnRising is a leading nearshore software development firm headquartered in Lisbon, Portugal, with additional branches in Porto and Rio de Janeiro, Brazil. Founded in 2017, Velv is renowned for delivering high-quality nearshore services specializing in software development, testing, mobile development, software architecture, gaming, and DevOps. By emphasizing cost efficiency and swift development timelines, Velv has become an appealing partner for businesses focused on digital transformation and technological solutions. Velv's distinctive engineering culture integrates innovative methodologies with a rich talent pool, fostering seamless collaborations across multiple industries such as gaming, retail, finance, and banking.
Services and Approach
Velv offers a comprehensive suite of services tailored to meet diverse client needs:
1. Team Extension: This service provides dedicated development teams that seamlessly integrate with clients' existing teams and processes.
2. CTO as a Service: Experienced senior engineers are available for short-term engagements to guide and advise projects during vital stages of development.
3. Full Service Team: Velv supplies full, comprehensive teams under shared service level agreements, ideal for organizations requiring significant development structures and rapid scaling.
Leadership and Key Personnel
The leadership team of Velv is spearheaded by co-founders Rodrigo Paiva and Joao Franca:
- Rodrigo Paiva drives the company’s operations and strategies. His experience in digital transformation is crucial in managing Velv’s talented engineering team. He is also a co-founder of Marquês Valley, focusing on real estate and technology sector investments.
- Joao Franca brings expertise in managing intricate business processes and talent management, supporting Velv's real estate and strategic endeavors.
Market Position and Insights
Velv is lauded as a prominent nearshoring solution provider in Europe, capitalizing on Portugal's favorable business environment for such services. With a workforce of around 130 employees, generating an annual revenue of approximately $18.9 million, Velv is recognized for its innovative practices and significant contributions to redefining work patterns and establishing new operational trends.
Competitor Analysis
Key Competitors
Velv faces competition from several companies within the European market:
1. TRH - Tech Remote Hub: With 80 employees and a revenue of $11.6 million, TRH concentrates on Salesforce and ServiceNow solutions and reports an employee growth rate of -8%.
2. Programa UPskill - Digital Skills and Jobs: It boasts revenues of $18.4 million and a workforce of 127, with a remarkable employee growth rate of 98%.
3. Truly.com: This competitor, with 37 employees, has an annual revenue of $4.3 million and a growth rate of -10%.
4. QuickOps Consulting: With annual revenue of $17.7 million and 122 employees, QuickOps shows an employee growth rate of 17%.
5. In-Nova Consulting: Reports $7.6 million in revenues, has 58 employees, and a growth rate of 23%.
Market Position and Strategy
Velv maximizes its strategic positioning in Portugal, recognized as a top nearshoring destination in Europe. The company adopts meticulous recruitment processes to maintain a steady stream of top engineering talent, providing significant cost benefits and high-quality development services. Velv's unique organizational culture promotes innovation with substantial R&D investments.
Employee Demographics and Culture
Known for a vibrant and innovative corporate culture, Velv fosters employee well-being and engagement, making it a magnet for top-tier engineering talent. The company encourages a dynamic, inclusive workplace through initiatives like trivia nights and social events, enhancing its collaborative environment.
Employee Satisfaction
Employee reviews indicate a positive work atmosphere at Velv, evidenced by a 4 out of 5-star rating based on 17 Glassdoor reviews, highlighting its supportive and dynamic work culture, which is crucial for client satisfaction and delivery.
In summary, Velv by OnRising stands out as a formidable entity in the nearshore software development sector, leveraging its strategic location, innovative culture, and diverse talent pool to secure its competitive edge against a backdrop of evolving industry standards and growing competitors.
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