What InnoWave does

InnoWave is an AI-driven global consulting and technology services firm headquartered in Lisbon, Portugal, founded in 2007 by Tiago Mendes Gonçalves. The company delivers digital transformation, cloud migration, cybersecurity, data intelligence, application development, Salesforce consulting, and quality assurance services to enterprise clients concentrated in telecommunications, energy, and financial services & insurance (FSI), with a presence in seven countries (Portugal, UK, Belgium, USA, India) and approximately 500 employees as of 2025. Around the professional services core, InnoWave has built a portfolio of proprietary platforms including AgentWave (a 2025-launched AI agent platform for the software development lifecycle), AI ThinkPanel (AI-powered survey insights), OneClick (AI automation), InnTeract (chatbot management), and InnGage (gamification), with a €3.8 million committed AI investment program.

InnoWave operates a project-based, quote-based enterprise services model complemented by managed services for cloud, cybersecurity, and digital operations. Revenue reached €24.1 million in 2021 (23% year-over-year growth, 79% international), and FY2024 revenue was €22 million with management guiding to €26 million in 2025 and €50 million by 2028 under its NEXT strategy, which prioritizes US expansion (targeting 27% of revenue), FSI diversification, and full AI integration. Customer engagements are anchored on quantified outcomes such as 60% call center deflection in telco, 30x faster API deployment for an insurance provider, 50% QA defect reduction at CTT, and 30% faster data delivery for a national telecom leader.

The company is privately held and founder-controlled, with no disclosed external institutional ownership. Its ecosystem includes wholly-owned subsidiaries Vigie Solutions (health-tech monitoring) and Gamifyou (gamification), a corporate venture arm called Innventures, and active technology partnerships with Microsoft (Country Partner of the Year Portugal 2019; Data & AI Partner of the Year 2018), AWS, and OutSystems. InnoWave has received multiple regional best-workplace recognitions and continues to invest in talent development, internal hackathons, and university engagement as core operating capabilities.

Name

InnoWave

Legal name

InnoWave Technologies group

Website

https://innowave.tech

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

251–500 employees

Short description

InnoWave is a Lisbon-headquartered AI-driven consulting firm delivering digital transformation, cloud, cybersecurity, and software engineering services to enterprise clients in telecommunications, energy, and financial services across seven countries, with ~500 employees and €22M FY2024 revenue.

Ownership category

akta.pro rank

Product category

IT Consulting and Digital Transformation

NAICS

Computer Systems Design Services (541512), Custom Computer Programming Services (541511), Other Computer Related Services (541519)

SIC

Services-Computer Integrated Systems Design (7373), Services-Computer Programming Services (7371)

akta.pro primary industry

Enterprise Architecture & IT Operating Model (BPAHAEAB)

akta.pro secondary industries

AI/ML Engineering & Model Development Services (BPAEAHAF), Agents & Autonomous Workflows (Tool Use, Planning, Multi-Agent) (HDAAACAF), iPaaS (Cloud Integration Platforms) (HDAEAIAB)

Keywords

• AI consulting services
• Digital transformation consulting
• Cloud migration services
• Cybersecurity consulting
• Software development services

Headquarters

HQ city

Lisboa

HQ country

Portugal

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Professional Services - Software Development: InnoWave generates revenue through specialized IT consulting and software development services including software development, data intelligence & AI, quality assurance, cybersecurity & cloud services. Revenue is primarily project-based and service-oriented.
2. Digital Transformation Consulting: Consulting services for digital transformation across telecommunications, financial services, and energy sectors. The company implements GenAI solutions for incident management, call centre support, and employee support.
3. Managed Services: Ongoing technology services including cloud migration, cybersecurity, and digital operations support delivered on a recurring basis.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

InnoWave is an AI-driven global consulting company that delivers digital transformation services and proprietary AI platforms to enterprise clients. It combines professional services (cloud migration, data intelligence, digital application development, cybersecurity, digital QA, digital experiences, Salesforce, and digital infra & app) with in-house platforms such as AgentWave, AI ThinkPanel, OneClick, and InnTeract for telco, energy, and financial services & insurance sectors.

Product overview

InnoWave is an AI-driven global consulting company that operates as a platform-plus-services model. The core proprietary offerings include AgentWave (AI agent platform for software development lifecycle optimization), AI ThinkPanel (AI-powered insights), OneClick (AI-powered automation), InnTeract (chatbot management), InnGage (gamification), and spinoffs Vigie Solutions (health tech) and Gamifyou (behavioral change). These platforms are delivered alongside professional services including Digital Experiences, Cloud, Data Intelligence, Digital Application Development, Salesforce, Cybersecurity, Digital QA, and Digital Infra & App. The company serves telecommunications, energy, and financial services sectors across 7 countries, with the NEXT strategy integrating AI across all offerings to reach €50 million revenue by 2028.

Differentiator

Problem solved

Functional benefit

Brands

• AI ThinkPanel: AI-powered panel/survey solution
• OneClick
• AgentWave
• VibeBuild
• InnGage
• Vigie Solutions
• Gamifyou
• InnTeract
• Innventures

Products and services

• AgentWave AI agent platform that simulates functions of programmers, project managers, and other collaborators across the software development lifecycle, optimising all phases from requirements to testing and amplifying human teams.
• AI ThinkPanel AI-powered survey/panel solution that processes text-based responses and generates AI-driven insights to support business decisions.
• OneClick AI-powered solution platform for streamlined digital operations that enables rapid deployment and automation of business processes with minimal configuration.
• InnTeract AI-powered chatbot management platform supporting multiple bots with distinct abilities across sales, support, and client care, with multi-channel, multi-language, and multi-mood dialog and continuous conversation quality scoring.
• Digital Experiences AI-driven customer experience services for consistent, scalable digital experiences, including design system optimisation and CX transformation for enterprises.
• Cloud Services AI-driven cloud solutions enabling seamless cloud migration, cloud security resilience, and cloud-native application development and infrastructure optimisation.
• Data Intelligence Data preparation and AI-enablement services including data quality, governance frameworks, and infrastructure to ensure accurate, reliable, and scalable AI-driven decision-making.
• Digital Application Development Smarter digital application development with API governance, streamlined through automation and standardised governance practices for enterprise clients.
• Salesforce Services Salesforce consulting and implementation services, including optimisation and enhancement of Salesforce.com implementations for enterprise clients.
• Cybersecurity AI-powered cyber resilience services including cyber cloud security resilience, GRC resilience, and application security (AppSec) resilience with DevSecOps integration.
• Digital QA AI-enhanced testing services for quality and speed, transforming testing with AI for improved test coverage and defect reduction.
• Digital Infra & App IT operations transformation with AI-optimised data and automation, providing context-rich AI-powered insights for IT support and operations.

Quantifiable outcome

• 60% call center deflection through AI-powered virtual assistant
• +4 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered minor, core and secondary.

• The Dream ProjectminorStrategic or Co-development Partner · 24 September 2024Virginia-based nonprofit partnership providing digital transformation services including Salesforce optimization to help the organization better serve students whose immigration status creates barriers to higher education.
• MicrosoftcoreTechnology or Integration · 6 June 2019Microsoft partnership includes multiple recognitions: Microsoft Country Partner of the Year for Portugal (2019) and Microsoft Data and AI Partner of the Year (2018). InnoWave has been recognized among 2,900 entrants from 115 countries worldwide for excellence in innovation and implementation of Microsoft-based customer solutions.
• AWScoreTechnology or IntegrationAWS partnership enables cloud solutions delivery. InnoWave helps organizations strengthen their cloud environments through AWS and other cloud platforms with services including cloud security, migration, and infrastructure management.
• OutSystemssecondaryTechnology or IntegrationOutSystems partnership enables low-code application development services. InnoWave provides digital application development services using OutSystems platform for streamlined application delivery.
• World Trade Center Lisboa International Academy by ELITEsecondaryStrategic or Co-development PartnerInnoWave joined the ELITE program as a launchpad for internationalization. The partnership provides access to global network of knowledge, talent, and capital, along with access to practices of excellence and international community for growth acceleration.
• AstrolabminorStrategic or Co-development PartnerParticipation in Astrolab startup ecosystem to implement and scale AI solutions. InnoWave is actively present in universities and startups communities.
• Portuguese Chamber of CommerceminorGTM or Marketing PartnerPartnership supporting international expansion to the US through local network and regular networking events for Portuguese companies.

Scale indicators7 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Thoughtworks: Digital transformation and software engineering consultancy with strong AI/data engineering practices, comparable headcount scale, and similar technology consulting model. Competes for the same enterprise digital transformation and AI engineering mandates InnoWave targets.
• Sopra Steria: European-headquartered IT consulting and digital services firm with similar European footprint, comparable size (€5B revenue), and strong vertical focus on banking, insurance, telco, and energy — directly overlapping InnoWave's primary verticals.
• Globant: Digital transformation consulting firm with comparable AI-centric service portfolio and proprietary platform offerings (Globant Enterprise AI). Targets similar enterprise verticals and has scaled from mid-size to global via platform-plus-services model analogous to InnoWave's AgentWave thesis.
• CI&T: Brazilian-origin digital engineering and AI consulting firm with similar scale (~$500M revenue) and platform-plus-services GTM. Pursues enterprise digital transformation and AI engineering engagements comparable to InnoWave's offerings.
• Devoteam: European-headquartered digital transformation and AI consulting firm with comparable size (~€1B revenue) and similar vertical focus on telecom, financial services, and energy. Both firms pair proprietary platforms/AI capabilities with technology consulting services and operate multi-country European footprints with US presence.

Broad incumbents

• Accenture: Largest global IT and management consulting firm with multi-billion-dollar GenAI practice. Competes for the same large enterprise AI transformation deals InnoWave targets in telco, FSI, and energy, with vastly greater delivery capacity and global reach.
• NTT Data: Global IT services provider with strong presence in telecom, financial services, and energy. Provides comparable consulting, cloud, and AI engineering services and competes for enterprise transformation mandates across Europe and the US.
• Deloitte: Big Four professional services firm with global technology consulting and AI engineering practices serving telecom, banking, insurance, and energy clients. Competes for enterprise digital transformation mandates where InnoWave also competes, particularly across European markets.
• Capgemini: Global IT services and consulting leader with extensive AI, cloud, and digital transformation practices across telecom, FSI, and energy. Operates broadly across all InnoWave's verticals and geographies as a much larger incumbent competitor for enterprise AI transformation deals.

Regional players

• Unipartner: Portuguese-origin IT consulting firm specializing in technology and digital transformation for banking, insurance, telecom, and energy — closely matching InnoWave's vertical focus and Portuguese origin, primarily serving Iberia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/innowave-technologies
• Instagraminstagram.com/innowave
• Xx.com/InnowaveT
• Facebookfacebook.com/InnoWaveTechnologies

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

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 InnoWave