Commit, the leading global tech services company focused on custom software and IoT solutions, announced that it is expanding through the acquisition of ITSoft, an Israeli-founded tech firm providing software development services across the world. ITSoft will significantly reinforce Commit’s growing global presence, adding over 150 software development specialists to Commit’s international roster of tech development experts. The acquisition was estimated at the sum of $3 million USD.
Founded in 2013, ITSoft provides offshore software development services to leading high-tech companies and start-ups worldwide. The company has created a unique recruitment model, which enables the formation of technological teams in quick periods, significantly reducing the time and costs of development projects. ITSoft provides expertise across a variety of fields, including BackEnd, FrontEnd, DevOps, and QA Automation, and its portfolio consists of customers such as Cibus Sodexo, Jfrog, TytoCare, Radwin and Microsoft.
“Our business has grown more than 50% in recent months, causing us to expand and seek new expert partners that are fully accountable, have wide experience in managing talents and technology, and value the models of efficiency that we employ,” said Arik Faingold, President and Chairman of Commit. “The acquisition of ITSoft strengthens our ability to continue to provide our unique team building model, whereby we can build professional qualified teams for our customers in less than two weeks and enable them to try a team before they buy it. We have seen dramatically increasing demand for our team building model, and ITSoft is a key ingredient in our ability to successfully deliver it to our customers. That is why they’re the perfect complement to our team and will help us deliver the same end-to-end quality solutions, cost efficiency and flexibility that our customers expect.”
Founded in 2005, Commit provides comprehensive solutions and assistance to start-ups and entrepreneurs, from small to large companies and projects of all sizes. The company offers innovative technological solutions and end-to-end development services by developing custom software and IoT platforms for customers looking to build their first or next product. The company specializes in advanced technologies and applications with dedicated methodologies in the fields of software, SaaS, IoT, Data, Cloud, Cyber, ICT and more.
Since its inception, Commit has led nearly 1,200 computing and development projects for more than 1,000 organizations around the world, and has been a proud partner in advancing the most innovative technologies for companies such as Maytronics, Sapiens, Unitronics, Watergen, and for military and security organizations, financial entities, and more. The company has offices in New York, Israel and Europe, and has about 550 multidisciplinary professionals.
"Our unique recruitment and retention model allows our customers to shorten recruitment times, recruit motivated quality professionals, save costs and establish technological teams in various models, including a hybrid model with Israeli management,” said Evgeny Golubov, Founder and CEO of ITSoft. “In addition, in order to maintain above-average employee retention, we manage expectations for the company and the position. We are happy to team up with Commit to produce the hybrid model, which combines teams from Israel and abroad. We are excited to join the Commit family.”
About Commit USA
Commit is a global tech services company with offices in New York, Israel and Ukraine. The company was founded in 2005 and has over 550 multi-disciplinary innovation experts who serve a broad range of companies from small startups to large enterprises in multiple business sectors. Commit specializes in advanced technologies and applications with dedicated practices in Software, IoT, Big Data, Cloud, Cyber and more.
Commit offers innovative, end-to-end technology solutions by developing custom software and IoT platforms for clients looking to build their next gen product. Commit’s complete and comprehensive engineering powerhouse of resources and proprietary Flexible R&D methodology helps transform its clients’ technology visions into high-quality products while reducing costs and improving time-to-market.
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