VOLO Company Profile

Background

Founded in 2006, VOLO is a software development outsourcing company headquartered in Yerevan, Armenia, with additional offices in Ukraine and the United States. The company specializes in delivering custom software solutions, mobile applications, and IT consulting services to a diverse clientele, including enterprises and innovative startups. VOLO's mission is to drive digital transformation by providing outcome-driven consulting and development services that bridge the gap between business and technology needs. With over 18 years of experience, the company has completed more than 160 projects across various industries, maintaining a 100% delivery rate.

Key Strategic Focus

VOLO's strategic focus encompasses several core objectives:

• Custom Software Development: Crafting tailored software solutions that align with clients' unique business requirements.

• Mobile Application Development: Developing native and cross-platform mobile applications to enhance user engagement.

• AI/ML and IoT Solutions: Integrating artificial intelligence, machine learning, and Internet of Things technologies to drive innovation.

• Cloud Consulting & Infrastructure Management: Providing expertise in cloud transformation, infrastructure automation, and DevOps practices.

The company primarily targets sectors such as financial services, healthcare, supply chain, and commodities, aiming to streamline processes and meet each client's unique goals, timelines, and budgets.

Financials and Funding

VOLO operates as a privately held company and has not publicly disclosed specific financial details or funding history. The company focuses on sustainable growth and reinvests its revenues into expanding its service offerings and enhancing technological capabilities.

Pipeline Development

VOLO has successfully delivered a range of projects, including:

• SharkNinja's SharkClean App: Enhanced an existing mobile application for robot vacuum cleaners, improving scalability and efficiency on both iOS and Android platforms.

• Skipti's Rental, Repair, and Delivery Management Software: Developed an online marketplace and delivery management app to support the circular economy.

• Gap International's Digital Solutions: Digitized products and services for a management consultancy, including platforms for online assessments and executive learning.

• Personal Finance Assistant: Created software for a European educational institution to help users manage assets and increase financial literacy.

• Insiso's Legacy App Modernization: Modernized a legacy desktop application for the oil and gas industry, turning it into an intuitive data analytics tool.

These projects demonstrate VOLO's commitment to delivering high-quality, customized solutions across various industries.

Technological Platform and Innovation

VOLO distinguishes itself through its technological expertise and innovative approaches:

• Proprietary Technologies: Utilizes a proprietary SaaS platform that enables swift and accurate setup and maintenance of well-configured, up-to-date cloud foundations across various cloud providers.

• Scientific Methodologies: Employs strategic consulting integrated with hands-on execution, covering project management, business analysis, quality assurance, and UI/UX design.

• AI-Driven Capabilities: Develops AI/ML and IoT solutions to drive innovation and enhance client offerings.

By focusing on select technology stacks such as Microsoft .NET, .NET Core, Python, C, C++, Swift, Kotlin, and Flutter, VOLO ensures deep expertise and high-quality deliverables.

Leadership Team

VOLO's leadership team comprises experienced professionals dedicated to driving the company's mission:

• Armen Kocharyan: Founder and CEO, leading VOLO from a small team to a global company delivering innovation worldwide.

• Haykuhi Tangyan: Director of Business Development and Marketing, with extensive experience in digital marketing, business innovation, and software development.

Leadership Changes

As of the latest available information, there have been no recent significant changes or appointments within VOLO's leadership team.

Competitor Profile

Market Insights and Dynamics

The software development outsourcing industry is experiencing significant growth, driven by increasing demand for digital transformation and cost-effective solutions. Companies are seeking partners who can deliver customized, scalable, and secure software solutions to maintain a competitive edge.

Competitor Analysis

VOLO operates in a competitive landscape alongside companies such as Intellias, Netguru, and SoftServe. These competitors offer similar services in IT consulting and software development, targeting various industries and markets.

Strategic Collaborations and Partnerships

VOLO has established significant collaborations to strengthen its market position and innovation capacity:

• SharkNinja: Partnered to enhance the SharkClean app, improving user experience and functionality.

• Skipti: Collaborated to develop a rental, repair, and delivery management platform supporting the circular economy.

• Gap International: Worked together to digitize consultancy services, expanding their reach and efficiency.

These partnerships demonstrate VOLO's ability to deliver tailored solutions that meet diverse client needs.

Operational Insights

VOLO's strategic considerations include:

• Market Position: Positioned as a reliable outsourcing partner with a proven track record of successful project delivery.

• Competitive Advantages: Deep expertise in select technology stacks, commitment to quality, and