Please introduce your company and give a brief about your role within the company?
Techtic Solutions, Inc. is headquartered in New York and has the global presence with a development center in India. The company has been almost a decade young with expertise in Web, Mobile, IoT & Digital Marketing Solutions. We are a team of 70+ individuals and my role being a CEO is to improve the process and forming strategies for expansions in different verticals.
What was the idea behind starting this organization?
While working as an employee in a reputed company of the United States, I realized that to find a team of awesome coders or programmers is not an easy task. I knew the culture and I knew the pain that each organization was going through, be it large or small. I decided to provide a cost-effective, highly efficient, process driven & no strings attached kind of solution by creating Techtic Solutions, Inc.
What is your company’s business model: In-house team or third party vendors/ outsourcing?
In-House Team of Professionals
How is your business model beneficial from a value-added perspective to the clients compared to other companies' models?
We not only work as an offshore partner but are having our presence in the United States with a team which makes a lot of difference. Another value-added perspective is that our project manager can personally visit our customers or have them come to our office in New York City to have kick-off meeting, for brainstorming sessions and most importantly we follow a hierarchical structure which makes it easier for our customers, because they are only assigned one point of contact and our team is structured to make it all happen internally. We also give regular/daily updates and work on weekly sprints for our customers to keep them updated on every single thing that we have been working on for their projects. Certainly, we believe that we have established great relationships in the industry to ensure that we not only cater, B2C customers but we also cater to B2B agencies from 23 countries.
What industries do you generally cater to? Are your customers repetitive?
We cater start-ups, healthcare, retail, travel, digital agencies & many more. Our customer repetitive ratio is 94% since we have a lot of tie-ups with B2B companies.
Mention the objectives or the parameters critical in determining the time frame of developing software.
There are several to mention and it really varies from software to software, however, some of the common ones are resource velocity, software architecture, cycle time, MTBF+MTTR, quality assurance & burning rate.
How much effort in terms of time goes into developing the front end and back end of software?
It depends upon the complexity of the software. The mean time for frontend development is 30-50% and the mean time for backend development is 50-70%.
What are the key parameters to be considered before selecting the right framework for developing software?
There are majorly 4 parameters that we keep in mind while choosing a framework:
1. Software Scalability & Future Enhancements
2. Libraries & Conventional Setup Requirements
3. The Community & Documentation
4. Technology Stack & Budget
Which languages & frameworks do you prefer to use in the development of software?
Since we are a dev shop and have a team of developers who have diverse knowledge and expertise in multiple languages & frameworks, we prefer several languages and frameworks for different kinds of software. We have extensive experience in NodeJS, Laravel, AngularJS, Ionic, CodeIgniter, CakePHP, Zend & Python.
What are the key factors that you consider before deciding the cost of software?
We consider hours of development, project management timeframe, quality assurance timeframe, complexity of the project, resource allocation requirement as the major parameters to come up with cost estimation on the software.
What kind of payment structure do you follow to bill your clients? Is it Pay per Feature, Fixed Cost, Pay per Milestone (could be in phases, months, versions etc.)
We have 3 different payment structures:
1. We bill monthly for staff augmentation.
2. We bill hourly based on the hours that the customer buys prior to the engagement.
3. We bill fixed cost transactions where we normally charge 50/50 or 30/30/40 depending upon the size of the project.
While for the project sizes above 50K, we even offer monthly billing.
Do you take in projects which meet your basic budget requirement? If yes, what is the minimum requirement? If no, on what minimum budget you have worked for?
We don’t normally have a stringent budget requirement; however, we would ideally accept projects above $1000.
What is the price range (min and max) of the projects that you catered to in 2018?
We have catered from $800-$500,000 depending upon the requirement, urgency & timeline for any company to get the job done.