Velocity Partners
Velocity Partners is a privately-held nearshore software development outsourcing company with 500+ employees, operating delivery centres in Argentina, Uruguay, Colombia, and Venezuela from a US headquarters, and providing distributed Agile team augmentation and custom software development to mid-market and enterprise customers.
- Company typePrivate
- Founded2006
- HeadquartersBellevue, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Velocity Partners does
Velocity Partners was a privately-held nearshore software development outsourcing company founded around 2005-2006 and headquartered in the Seattle/Bellevue, Washington area, with over 500 employees distributed across North American offices and delivery centres in Argentina, Uruguay, Colombia, and Venezuela. The firm's core offering is team augmentation and custom software development delivered through a proprietary Distributed Agile model that virtualises engineering teams across Latin America, paired with specialised practices in web application development, Oil & Gas software, and front-end UX-Flex services for digital agencies. Revenue is generated through professional-services engagements priced on a quote basis, typically structured as multi-year contracts, with a Salesforce Marketing Cloud (SFMC) partnership providing additional ecosystem-aligned delivery work.
The company sold primarily to mid-market and enterprise customers seeking to scale development capacity without permanent headcount, with named customers spanning entertainment/media (MTV, Deluxe Entertainment), publishing/education (ProQuest), e-commerce (Birchbox), healthcare/IT (Kinnser Software), pet care (Pet360), and software/integration (Dell Boomi). Go-to-market relied on direct enterprise sales, supplemented by thought-leadership content marketing, webinars, conference speaking by credentialed Agile evangelists (including Certified Scrum Professional and SAFe Program Consultant Bill DeVoe), and community events hosted at delivery centres such as the Medellín hub.
On 8 January 2018, Velocity Partners merged with Endava, a global technology company with offices across North America, Western Europe, Central Europe, and Latin America and reported 38% year-on-year revenue growth. The transaction created a combined organisation of over 4,600 people and effectively took Velocity Partners private as a subsidiary within the Endava Group, ending its status as an independent operating company.
Velocity Partners firmographics
Firmographics- Name
- Velocity Partners
- Legal name
- Velocity Partners
- Website
- https://velocitypartners.net
- Company type
- Private
- Founded year
- 2006
- Operating status
- Acquired
- Headcount range
- 501–1,000 employees
- Short description
- Velocity Partners is a privately-held nearshore software development outsourcing company with 500+ employees, operating delivery centres in Argentina, Uruguay, Colombia, and Venezuela from a US headquarters, and providing distributed Agile team augmentation and custom software development to mid-market and enterprise customers.
- Ownership category
- akta.pro rank
Velocity Partners industry classification
Industry- Product category
- IT Services / Nearshore Software Development Outsourcing
- NAICS
- Computer Systems Design and Related Services (5415)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Offshore Development Center (ODC) / Dedicated Team Services (BPAEAMAL)
Keywords
Where Velocity Partners is headquartered
LocationHeadquarters
- HQ city
- Bellevue
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Velocity Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Team Augmentation: Cost-effective team augmentation solutions providing high-value, high quality software development teams to companies of all sizes. Teams operate from delivery centers in Latin America while working as extensions of client teams.
- Custom Software Development Services: Full-stack software development including web applications, distributed agile development, and specialized solutions for industries like Oil & Gas and Digital Agencies
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom Team Augmentation |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
Velocity Partners product offering
Product offeringCore offering
Velocity Partners is a global nearshore software development outsourcing company that provides cost-effective team augmentation and custom software development services to companies of all sizes. Its core offering is a Distributed Agile development model delivered from nearshore centers in Latin America (Argentina, Uruguay, Colombia, Venezuela), enabling clients to scale engineering capacity without adding permanent headcount. Services span web application development, full-stack engineering, and industry-specific solutions such as Oil & Gas software and front-end development for digital agencies.
Product overview
Velocity Partners is a global nearshore software development outsourcing company offering team augmentation solutions. The core portfolio includes Distributed Agile Development Services (their primary offering using distributed Agile model), Web Application Development Services (custom web and full-stack applications), and UX-Flex Front-End Development. Industry-specific solutions include Oil & Gas Software Development. The company also provides Nearshore Software Development leveraging delivery centers in Argentina, Uruguay, Colombia, and Venezuela. Supporting services include Agile Coaching and Training, with expertise in Scrum, SAFe, and agile transformation. Following the 2018 merger with Endava, the combined entity operates as a truly global IT player with expanded service capabilities.
Differentiator
Problem solved
Functional benefit
Products and services
- Distributed Agile Development Services Team augmentation and agile software development services using a distributed Agile model, enabling companies to scale development teams across nearshore locations in Latin America as extensions of client teams.
- Web Application Development Services Custom web application development including front-end, back-end, and full-stack solutions using modern frameworks and technologies for enterprise clients.
- Oil & Gas Software Development Specialized software development services tailored for the energy sector, particularly oil and gas companies with operational and digital transformation needs.
- UX-Flex Front-End Development User experience and flexible front-end development services for digital agencies and web applications, enabling front-end capacity scaling for client projects.
- Nearshore Software Development Nearshoring services providing access to talent in Latin America, enabling cost-effective team augmentation for North American companies through delivery centers in Argentina, Uruguay, Colombia, and Venezuela.
- Agile Coaching and Training Agile coaching, training, and consulting services to help organizations implement and optimize agile methodologies including Scrum, SAFe, and distributed team practices.
Quantifiable outcome
- 38% year-on-year revenue growth for parent company Endava
- +1 more outcomes
Companies that use Velocity Partners
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles3 records
Velocity Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Velocity Partners partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered flagship and core.
- EndavaflagshipVelocity Partners merged with Endava to become a truly global IT player. The merger creates an organization with over 4,600 people, combining Velocity's nearshore Agile software leadership in Latin America with Endava's global technology presence across North America, Western Europe, Central Europe and Latin America. The combined entity offers clients more options in terms of service, technology, scalability and geography.
- Salesforce Marketing Cloud (SFMC)coreVelocity Partners is an SFMC partner specializing in developing solutions for Salesforce Marketing Cloud users. The partnership enables them to provide specialized marketing cloud implementation and development services.
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
Velocity Partners competitors and assessment
Company assessmentDirect peers
- Endava: Endava merged with Velocity Partners in January 2018 and now owns it. Endava is a London-headquartered global IT services firm with delivery centers across Eastern Europe and LATAM, serving finance, insurance, telco, media, and retail — a near-perfect direct peer in nearshore IT services delivery.
- Globant: Globant is a large Argentine-founded nearshore IT services and digital transformation company with delivery centers across Latin America. It is the most direct geographic and business-model peer to Velocity Partners' nearshore Agile delivery model.
- BairesDev: BairesDev is an Argentina-headquartered nearshore software outsourcing company providing staff augmentation and dedicated development teams from Latin America, competing directly with Velocity Partners for both LATAM talent and North American enterprise clients.
- EPAM Systems: EPAM is a global digital platform engineering and IT services firm with deep nearshore delivery roots in Eastern Europe. It competes with Velocity Partners in custom software development and team augmentation for enterprise and mid-market customers.
- SoftServe: SoftServe is a large IT services and software development company headquartered in Ukraine with nearshore delivery for North American clients. Same team augmentation and custom development model as Velocity Partners, with comparable enterprise customer base.
Broad incumbents
- Cognizant: Cognizant is one of the largest global IT services firms with extensive nearshore and offshore delivery capability across the Americas. It competes with Velocity Partners for enterprise digital transformation and team augmentation deals but at much broader scale and across many additional service lines.
- Accenture: Accenture is the world's largest IT services and consulting firm, offering nearshore and offshore software development among its broader portfolio. It overlaps with Velocity Partners in custom software development for large enterprises but operates at vastly greater scale and scope.
- Infosys: Infosys is a global IT services giant offering digital, consulting, and software development services with significant nearshore/offshore delivery centers. It competes with Velocity Partners for enterprise software development work but with a much broader portfolio and offshore (India-led) cost model.
Emerging players
- Toptal: Toptal is a global freelance talent marketplace specializing in elite software developers, including strong LATAM representation. It competes with Velocity Partners' team augmentation model by connecting enterprises directly to vetted nearshore developers via a platform model.
- Andela: Andela is a global talent marketplace that connects enterprises with vetted software engineers, initially from Africa and now expanded globally. It competes with Velocity Partners in the dedicated-team and staff augmentation space targeting North American enterprises.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Velocity Partners social profiles
Digital presenceVelocity Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Velocity Partners leadership team
Management profileNumber of profiles
Profiles6 records
Velocity Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Velocity Partners M&A and investment
M&A and investmentM&A
Investments6 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Velocity Partners
What does Velocity Partners do?
Velocity Partners is a global nearshore software development outsourcing company that provides cost-effective team augmentation and custom software development services to companies of all sizes. Its core offering is a Distributed Agile development model delivered from nearshore centers in Latin America (Argentina, Uruguay, Colombia, Venezuela), enabling clients to scale engineering capacity without adding permanent headcount. Services span web application development, full-stack engineering, and industry-specific solutions such as Oil & Gas software and front-end development for digital agencies.
Is Velocity Partners a public or private company?
Velocity Partners is a private company. It is classified as corporate owned and is currently acquired.
When was Velocity Partners founded?
Velocity Partners was founded in 2006. It employs 501 to 1,000 people.
Where is Velocity Partners based?
Velocity Partners is headquartered in Bellevue, United States, in the North America region.
How does Velocity Partners make money?
Two revenue lines are on record. Team Augmentation is the primary driver. The others are custom Software Development Services.
Who are Velocity Partners's main competitors?
Direct peers on record are Endava, Globant, BairesDev, EPAM Systems and SoftServe. Broad incumbents are Cognizant, Accenture and Infosys. Emerging players are Toptal and Andela.
Does Velocity Partners have an API?
No public API is recorded for Velocity Partners.
What industry is Velocity Partners in?
Velocity Partners's product category is IT Services / Nearshore Software Development Outsourcing. Its primary akta.pro industry code is BPAEAMAL, Offshore Development Center (ODC) / Dedicated Team Services. Its NAICS code is 5415 and its SIC code is 7370.