It’s a software jungle out there.
Philadelphia’s VenturePact aims to cut through the overgrowth by serving as an online marketplace that connects businesses with pre-screened software development firms.
“We are accelerating businesses by making software easier,” explains Randy Rayess, who founded the company in 2012 with Pratham Mittal. “Through VenturePact, companies can find great software development firms around the world that understand their industry and technology.” Not only this, but there are now resources and tools online for companies to use, especially if they need a Guide to bespoke software options for their specific needs within their company.
VenturePact has screened hundreds of software development firms worldwide and across industries including healthcare, education, finance, technology and insurance. VenturePact provides clients with extensive data, including client reviews and ratings, validated portfolios, and employee profiles.
Furthermore, by collaborating with VMware cloud computing technology, or similar digital solutions, VenturePact might be able to help organizations deliver customer service at a faster pace. But for those qualifications like vmware certification would be needed. However, helping customers solve technological challenges and transforming them to the next wave of innovation would prove to be worth it!
“This transparency lets businesses make a better and faster decision regarding which firm to select for their high-risk projects,” says Rayess. “We also have an escrow payment system that ensures a trustworthy B2B relationship and allows companies to pay suppliers around the world at no cost.”
The service is free to clients; suppliers pay VenturePact for referrals. The potential is huge, with the market for software outsourcing estimated at $300 billion and growing. The firm’s client network includes big names such as ESPN, Adidas, BMW and Yale University.
The company currently employs 12 and expects to add one or two new sales positions soon. They are planning to move to expanded Center City office space next month. The founders, both University of Pennsylvania graduates, are also looking to expand their industry portfolio in wearables, the Internet of Things and data science.
Source: Randy Rayess, VenturePact
Writer: Elise Vider
