Inswave Systems

Name

Inswave Systems

Legal name

인스웨이브

Website

https://inswave.com

Company type

Private

Founded year

2002

Headcount range

101–250 employees

Short description

Inswave Systems is a publicly listed South Korean IT services company (KOSDAQ: 450520), founded in 2002, that provides web and application development services, headquartered in Youidodong with 101-250 employees.

Ownership category

akta.pro rank

Product category

Software Development Services

NAICS

Computer Systems Design and Related Services (5415), Computer Systems Design Services (541512)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Systems Integration & Implementation Services (BPAEAAAB)

Keywords

• Web application development
• Mobile app development
• Software development services
• IT services
• Enterprise software development

Headquarters

HQ city

Youidodong

HQ country

South Korea

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Core offering

Inswave Systems is an information-technology services company that provides web application and mobile application development services for business clients. The company builds custom software solutions, including web and app implementations, as its primary commercial offering.

Differentiator

Problem solved

Functional benefit

Products and services

• Web Application Development Services Custom web application development services delivered to business clients requiring tailored web-based software solutions.
• Mobile App Development Services Mobile application development services delivered to business clients requiring custom iOS/Android or cross-platform mobile apps.

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Broad incumbents

• Samsung SDS: Samsung SDS is a dominant Korean SI and cloud services provider serving large enterprises and government. A broad incumbent competing for many of the same Korean web/app and digital transformation engagements as Inswave, though at significantly larger scale.
• Accenture: Accenture is the largest global IT services and consulting firm, with deep practice in web/mobile app development and digital transformation. Indirect competitor for high-end Korean enterprise digital work that Inswave may pursue.
• Infosys: Infosys is a global IT services and systems integration major offering application development, maintenance, and digital transformation. Relevant comparable for Inswave's web/app development business model, though at vastly larger scale.
• LG CNS: LG CNS is a major Korean IT services and systems integration arm of LG Group, serving enterprise and public-sector clients. Overlaps with Inswave in IT services and web/app development, but operates at much greater scale.
• Infosys (replaced): Wipro is a global IT services and SI provider competing in application development and enterprise modernization. Comparable business model to Inswave but operates globally and at significantly larger scale.
• Hyundai Autoever: Hyundai Autoever is the IT services arm of Hyundai Motor Group, providing enterprise IT, web/mobile platforms, and SI services. Competes with Inswave for Korean enterprise IT and digital platform work at a much larger scale.

Emerging players

• Saltlux: Saltlux is a Korean AI and IT services firm offering custom software, web platforms, and digital solutions. Comparable emerging peer to Inswave in the Korean mid-market IT services space.
• Glovill: Glovill is a smaller Korean IT services firm focused on custom software and web/mobile development for enterprises. A close size- and scope-comparable emerging peer to Inswave.

Direct peers

• Hancom MDS: Hancom MDS is a Korean IT services subsidiary of Hancom Group focused on system integration, software development, and digital transformation. Comparable mid-size Korean SI peer to Inswave.
• Douzone: Douzone is a Korean IT services and enterprise software firm (KOSDAQ-listed) offering web/app development, ERP, and digital solutions to Korean enterprises. Direct comparable to Inswave in scale, geography, and service mix.

Market position

Customer concentration

• Facebookfacebook.com/inswave

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Inswave Systems