NFQ

What NFQ does

NFQ is a privately held software development and digital product creation company founded in 2002 and headquartered in Kaunas, Lithuania. The firm positions itself as a strategic technology partner to ambitious, tech-driven businesses, delivering custom software, AI services, and end-to-end digital products through long-term engagements rather than short-term projects. Its service portfolio spans software development, digital product creation, UX/UI design, data analytics and BI, mobile applications, email marketing, IT architecture and infrastructure services, and technology audits, alongside specialized solutions including AI Agents for process automation and PALM for logistics automation. Per company-reported figures, NFQ employs 600+ technology professionals across 10 countries and 4 continents, with notable delivery density in Lithuania, Vietnam (four cities), Thailand, Germany, Poland, Egypt, Singapore, Denmark, and Canada.

The company's customer base is enterprise-oriented and horizontally diversified across at least eight industries, including B2C and B2B commerce, manufacturing, transport and logistics, energy, agriculture, sharing economy, travel, sports and events, and real estate. Named reference clients include HomeToGo (continuous partnership since 2014), Shopware, KAYAK (via the Swoodoo acquisition narrative), Alaiko, AGROCHEMA, Euroleague Basketball, Premier League Productions, IMG, and Liv_in Vilnius. Company materials cite more than $10B in Gross Merchandise Value flowing through systems NFQ has built, primarily in commerce and travel, which functions as a domain-experience proxy rather than a revenue figure.

NFQ operates a professional services revenue model, with pricing structured as project-based and quote-driven contracts rather than standardized tiers. Distribution is conducted through direct strategic partnerships and enterprise field sales, with no disclosed marketing channels or third-party reseller network. The company holds no disclosed patents, certifications, or regulatory licenses in the available data, and there is no evidence of institutional investor ownership, board composition, M&A activity, or leadership transitions in the source material — representing a notable ownership and governance information gap.

Name

NFQ

Legal name

NFQ

Website

https://nfq.lt

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

251–500 employees

Short description

NFQ is a Lithuania-headquartered software development and digital product creation firm serving enterprise clients across commerce, logistics, sports, travel, and other industries. With 600+ professionals across 10 countries, it delivers custom software, AI services, and productized automation solutions through long-term strategic partnerships.

Ownership category

akta.pro rank

Headquarters

HQ city

Kaunas

HQ country

Lithuania

HQ region

Europe

Offices15 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Custom Software Development Services: Professional services engagement model providing bespoke software development, consulting, and technology solutions to enterprise clients. Revenue generated through project-based contracts and ongoing partnership arrangements.

Go-to-market motion1 record

Distribution channels1 record

Core offering

NFQ provides custom software development and digital product creation services for ambitious businesses, complemented by AI consulting and AI agent solutions, UX/UI design, data analytics and BI, mobile applications, IT architecture planning, infrastructure services, and technology audits. It also offers packaged solutions such as PALM logistics automation and e-commerce/trading innovation solutions. Engagements are delivered as project-based and long-term strategic partnerships with enterprise clients.

Product overview

NFQ is a strategic technology partner offering a comprehensive portfolio of software development, AI services, and digital product solutions. The offering consists of core services including software development, digital product creation, UX/UI design, data analysis and BI, mobile applications, email marketing, IT architecture, infrastructure services, and technology audits. Additionally, NFQ provides specialized AI-driven solutions including AI agents for autonomous process automation and PALM for logistics automation. The company also offers trading solutions and innovations for e-commerce businesses. This is a services-based portfolio rather than a unified product platform, with solutions tailored to industries including e-commerce, manufacturing, transport and logistics, energy, agriculture, sharing economy, travel, sports, and real estate.

Differentiator

Problem solved

Functional benefit

Brands

• PALM: Logistics automation solutions for supply chain and logistics operations.

Products and services

• Software Development (Programinės įrangos kūrimas) Custom software development services for building business applications and systems for enterprise clients across industries.
• AI Services (Dirbtinio intelekto paslaugos) AI consulting and development services helping businesses implement artificial intelligence solutions for various use cases.
• Digital Product Creation (Skaitmeninių produktų kūrimas) End-to-end digital product development from concept to launch, including platform and application creation for enterprise clients.
• UX/UI Design (UX/UI dizainas) User experience and interface design services for creating intuitive digital products.
• Data Analysis and BI (Duomenų analizė ir BI) Business intelligence and data analytics services for extracting insights from business data, including predictive analytics capabilities.
• Mobile Applications (Mobiliosios aplikacijos) Mobile app development for iOS, Android, and cross-platform applications for enterprise clients.
• Email Marketing (El. pašto rinkodara) Email marketing automation and campaign management services for client businesses.
• IT Architecture and Planning (IT architektūra ir IT sistemų planavimas) IT systems architecture design and strategic technology planning consulting for enterprise clients.
• Infrastructure Services (Infrastruktūros paslaugos) IT infrastructure setup, management, and optimization services for enterprise clients.
• Technology Audit (Technologijų auditas) Technical assessment and audit of existing technology systems and infrastructure for client organizations.
• AI Agents (Dirbtinio intelekto agentai) AI-powered autonomous agents designed to automate business processes and decision-making with limited human intervention.
• Trading Solutions and Innovations (Prekybos sprendimai ir inovacijos) E-commerce and trading technology solutions enabling retail businesses to achieve rapid digital channel growth.
• PALM – Logistics Automation Solutions (PALM – logistikos automatizavimo sprendimai) Specialized logistics automation solution that streamlines and optimizes logistics operations and workflows for client organizations.

Quantifiable outcome

• HomeToGo partnership since 2014 - decade-long collaboration
• +4 more outcomes

Named customers8 records

Segments8 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• Euroleague BasketballcoreStrategic or Co-development Partner · 1 January 2024NFQ developed digital platforms for Euroleague Basketball to enhance fan engagement and operational efficiency, creating unified digital experiences and integrating multiple applications.
• Premier LeaguecoreStrategic or Co-development Partner · 1 January 2024NFQ partnered with Premier League to develop digital platforms that enhance fan engagement and operational efficiency for the league.
• IMGcoreStrategic or Co-development Partner · 1 January 2024NFQ partnered with IMG to develop digital platforms for sports organizations, creating unified digital experiences and integrating multiple applications.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Devbridge (Cognizant Softvision): Devbridge is a custom software development and digital product firm specializing in enterprise clients, comparable to NFQ in service mix (custom development, AI, digital products). Now part of Cognizant Softvision, it serves as a direct comparable for NFQ's mid-market enterprise positioning.
• EPAM Systems: EPAM is a global digital engineering and custom software development firm with strong Eastern European delivery roots — directly comparable to NFQ in business model, target enterprise clients, and service portfolio (custom development, data, AI). EPAM's scale and public-market positioning make it the most relevant comparable for NFQ.
• Globant: Globant is a publicly traded digital and cognitive transformation services firm with a similar 'strategic technology partner' positioning, custom software focus, and emerging AI services offering. Comparable in mid-sized IT services scope and enterprise GTM motion to NFQ.
• Nearsure: Nearsure is a nearshore software development firm with delivery in Latin America serving US and European enterprises — comparable business model (custom development, dedicated teams) and enterprise GTM motion to NFQ's model.
• Toptal: Toptal operates a global elite freelance network of software developers, designers, and AI specialists, serving enterprise clients with on-demand talent. Directly comparable to NFQ's professional services model and target market of ambitious tech-driven businesses needing senior engineering talent.
• Andersen Lab: Andersen (formerly Andersen Lab) is a European-headquartered custom software development and digital transformation firm with comparable service breadth (web, mobile, AI, cloud) and enterprise client base, operating as a strategic technology partner similar to NFQ.

Regional players

• STRV: STRV is a Czech-based custom software and digital product development firm serving US and European enterprise and startup clients. Comparable service model (custom dev, mobile, AI) and European delivery origin similar to NFQ, though more focused on US market.

Broad incumbents

• Accenture: Accenture is the global market leader in IT services and digital transformation, offering custom development, AI services, and enterprise consulting at massive scale. Competes for the same enterprise custom-development and AI engagements as NFQ but with a far broader portfolio and global delivery footprint.
• Cognizant: Cognizant is a large global IT services firm providing custom software development, digital transformation, and AI services to enterprise clients. Operates in the same broad category as NFQ with overlapping service offerings but at much larger scale.
• Tata Consultancy Services (TCS): TCS is one of the largest IT services and consulting firms globally, offering custom development, AI/ML services, and digital transformation to enterprise clients. Competes with NFQ for enterprise digital engineering engagements but at vastly greater scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/nfqlt
• LinkedInlinkedin.com/company/nfq

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 NFQ