SoftTeco

SoftTeco provides dedicated software development teams to international clients across various industries and our main focus is designing custom, enterprise-grade solutions. I am a Chief Executive Officer of the company and my responsibilities include outlining strategies for further growth and development, monitoring the current state of the company, and identifying any areas for improvement.

It all started with Alex Kutsko and Serge Zenevich deciding to start their own company back in 2008. By that time, they had enough experience in managing a software company so they reached out to their reliable, knowledgeable friends to help them. And now, SoftTeco celebrates its 14 years in the IT industry.

As for myself, I joined SoftTeco at the end of 2018. And while the first two years were relatively smooth, the beginning of 2020 brought the COVID-19 pandemic so I had to act more like a combination of a CEO and a crisis manager. On the bright side, since autumn 2020, the company is seeing extremely vast geographical growth. We opened offices in several countries (including the UK, Georgia, Bulgaria, and Poland) and are looking forward to further expansion and growth.

We have an in-house team of approximately 500 software engineers so we create all software from scratch by ourselves. SoftTeco’s team takes full care of the software development lifecycle and after the product launch, we provide maintenance and support services (upon request). In this way, we can guarantee that the software functions as intended and is of the expected quality.

First I’d like to note that we try differentiating ourselves not only in the clients’ marketplace but in the job marketplace as well. When talking about the job marketplace, we try to show how adequate we are when it comes to interacting with employees and how mature our attitude is towards the team. We perfectly understand that employees are the biggest value of any company so we try to provide them with the most comfortable working environment. This includes maximal transparency, an adequate amount of the needed red tape, and approachable management.

As for the clients’ marketplace, our approach is basically the same - we treat them with respect and listen to their needs without forcing our opinion on them. We try to identify the biggest “pain points” of every client and offer the most suitable solution while delivering work on time and in correspondence with requirements. Our main goal here is to have clients recommend SoftTeco to their friends and colleagues after working with us.

SoftTeco caters to a variety of industries, including healthcare, finance, logistics, manufacturing, education, and many others. What we don’t work with is gambling and video games as well as apps that do not align with our values and vision.

In general, our primary area of interest lies within enterprise-grade applications. As well, we quite often work with clients from fintech, healthcare, the automotive industry, and telecommunications.

We do our best to make clients come back to us with new projects and it’s always a pleasure to see clients being repetitive. I can’t give specific numbers but I can say that we are satisfied with the number of clients either coming back to us or approaching us due to a recommendation.

It’s the assembly of a dedicated team that will work on a software project for the needed period of time and will cater to all its needs in terms of software development.

As for the projects, our clients often request us to develop secure and scalable enterprise applications for internal use, such as CMS systems, internal messengers, or comprehensive web platforms. And after the launch of the Machine Learning and Data Science department, clients started requesting us to analyze and process their data or design ML-powered models either for internal use or for their customers.

In my opinion, a good indicator of a customer satisfaction rate is the clients’ attitude towards a company during crisis times. When the COVID-19 pandemic happened, the majority of our clients supported us by staying on a project and we continued working despite the challenging conditions. I think this situation is a good example of how clients perceive SoftTeco and how they trust us.

As for the steps that we take to cater to clients' needs and requirements, we simply listen to them, talk everything through and treat every client as a member of the team. We believe that the best solutions can be achieved only together with the client when our vision and ideas are in sync so we spend some time trying to achieve this sync and make sure there are no misunderstandings left behind.

Throughout its history, SoftTeco has engaged in various types of support activities for its clients and projects. The most engaging and rewarding support work we have done was for a large ridesharing service with tens of thousands of daily users. Our team has provided comprehensive 24/7 technical support for their systems. The team has put in place sophisticated CI/CD pipelines, backup, and rollback schedules, and real-time health check systems to ensure that technical issues will not have a critical impact on operations. At the same time, SoftTeco provided in-person support around the clock which could be requested through a support ticketing system, Slack, email, or phone.

At this moment the company is engaged in a multitude of support projects which differ in size, complexity, and support needs. Every new support project is approached with a high degree of flexibility to make sure that the support our team provides fully matches the project's requirements and business objectives.

After years of working with various clients and various projects, we’ve come up with the model that seems to work best for us: a hybrid model that combines the Time & Material and Dedicated Team approaches. This hybrid model implies that SoftTeco provides you with a dedicated team first and if needed, we enhance the team with additional resources by using the T&M model. In this way, the client rests assured that there is always a team of experts available and all management happens within the team (the client is not involved in it). At the same time, we can always provide an extra set of skills if needed (or offboard the ones no longer needed) and this adds great flexibility to the project.

If a client wants Time & Material only, we offer a manageable T&M model when we give clients an estimation for the nearest sprints and a 100% guarantee we will meet this estimation. But usually, after some time when the client grows more trust towards us, we shift to the abovementioned Dedicated Team model where the client only needs to pay a monthly fixed fee and the team’s KPI and management are fully on us.

One more thing that we do is offer clients a preliminary “Discovery phase” during which we work on all possible risk areas and prepare a detailed project estimation. In this way, the client gets a solid understanding of what needs to be done and how and all our offers related to projects are justified in numbers.

We rarely deny a project if it’s below our minimal fixed price - everything depends on the type of the project, how interesting it is, and what potential it has. The smallest project that we worked on lasted 3 business days only (though it happened 13 years ago but still).

I’d say that today, the project minimum that we can agree to work with is from 2-4 weeks but in this case, price is not the main deciding factor - it’s the potential that matters the most. After all, I’d personally choose a 2-week project with a serious company that shows great potential rather than a 3-month project with a stagnating business.

I can’t really compare the minimal and maximal price ranges of our projects since they differ drastically and each project has its own peculiarities.

Considering how fast everything in the world changes, it’s hard to make any predictions even for the nearest future, not to mention a 10-years forecast. However, I can say that we have a growth strategy for the next three years and we’d like to achieve a dominant position in the international market, increase our visibility and make SoftTeco’s brand highly recognizable both among the clients and among the competition.