Inova IT Systems

What Inova IT Systems does

Inova IT Systems (Pvt) Ltd is a Sri Lanka-headquartered IT services and custom software development firm incorporated in Colombo in 2010, operating across four interlocking revenue streams: custom software development for enterprise and government clients, IT resource augmentation (offshore and on-site staffing), enterprise-grade solutions spanning ERP, cloud, data analytics, cybersecurity and workflow automation, and advanced technology work in Blockchain and IoT. The company monetizes primarily through professional services on multi-year contracts, with one-time-license enterprise software delivered alongside services where applicable; pricing is custom and not publicly disclosed.

The firm has built a portfolio of proprietary, vertical-specific products packaged from prior project work: OneGlance (healthcare management), Gold Trust (pawning/centralized pawning platform), Smart Connected Tea Factory (IoT and analytics for tea production), TradeHippo (trade management for indent brokering), and the Ino* line (InoBTS blood bank management, InoCRM, InoForms, InoTrades). On the national-scale deployments side, Inova operates the Electronic Revenue License System (eRL 2.0) across 350 Divisional Secretariat offices, the e-BMD civil registration system for the Registrar General's Department, the National Blood Transfusion Service Information System across 96 blood banks, the ETFB Core System covering 2.6 million members and 80,000 employers, and the Drug Verification System for the National Medicines Regulatory Authority. Technical breadth spans full-stack web and mobile (Java/Spring Boot, .NET, Python, PHP/Laravel, Ruby on Rails, React, Angular, Flutter), cloud (AWS, Google Cloud), DevOps (Docker, Kubernetes, Jenkins), and integration (WSO2 ESB, Camel/SOAP/Rest EAI patterns).

Go-to-market is direct enterprise field sales targeting large enterprises, government entities, and growth-stage businesses in Sri Lanka, supplemented by a partner/alliance channel (Huawei, AWS, Oracle, WSO2) and a partnership program for IT consultants and scaling companies. Customer concentration is meaningfully tilted toward telecom (Dialog Axiata, Sri Lanka Telecom, Mobitel), banking (Commercial Bank, NDB Bank, People's Bank, HDFC Bank Sri Lanka, Softlogic Finance), government (Registrar General's Department, Department of Motor Traffic, Ministry of Health, Department of Education), and select verticals (electricity boards, logistics). There is no public listing, no disclosed funding rounds, and no public revenue figure; ownership is private and concentrated in Sri Lanka.

Name

Inova IT Systems

Legal name

Inova IT Systems (Pvt) Ltd

Website

https://inovaitsys.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

51–100 employees

Short description

Inova IT Systems is a Sri Lanka-headquartered IT services firm founded in 2010 delivering custom software development, IT resource augmentation, and proprietary vertical-specific products (healthcare, pawning, trade, IoT) to enterprises, banks, telcos, and government agencies across Sri Lanka, India, and the US.

Ownership category

akta.pro rank

Product category

Enterprise Software Development Services

NAICS

Custom Computer Programming Services (541511), Computer Systems Design Services (541512), Software Publishers (5132), Other Computer Related Services (541519), Computer Systems Design and Related Services (5415)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Programming Services (7371), Services-Computer Integrated Systems Design (7373), Services-Prepackaged Software (7372)

akta.pro primary industry

Systems Integration & Implementation Services (BPAEAAAB)

akta.pro secondary industry

Enterprise Architecture & IT Operating Model (BPAHAEAB)

Keywords

• Custom software development
• IT resource augmentation
• Enterprise application integration
• Blockchain IoT services
• Software quality assurance

Headquarters

HQ city

Colombo

HQ country

Sri Lanka

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Custom Software Development: Bespoke software development services for enterprises, government entities, and growing businesses. Project-based revenue with clearly defined development processes, timely delivery, and quality assurance.
2. IT Resource Augmentation: Outsourcing services providing skilled IT professionals to organizations. Currently part of several enterprise scale industry giants both locally and globally developing mission critical products/modules and integrations.
3. Enterprise Software Solutions: Delivering enterprise-grade software including Custom Software Development, ERP, Cloud-Based Solutions, Data Analytics & Business Intelligence, Automation & Workflow Optimization, Cybersecurity & Compliance
4. Advanced Technology Solutions: Blockchain and IoT integration services including Smart Contracts, DApps, Industrial IoT Solutions, Real-Time Monitoring
5. Software Quality Assurance: Full scope of testing services from test plan creation to test case preparation and execution for Mobile, Desktop and Web applications
6. IT Consultation: Strategic IT consultation including IT Strategy & Digital Transformation, Cloud Migration, Cybersecurity Consulting, Software Architecture & System Design

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Inova IT Systems is a custom software development and IT services company that builds enterprise-grade solutions, Blockchain and IoT-integrated applications, and proprietary vertical-specific products for clients across Banking, Telecommunications, Healthcare, Government, and Power & Energy sectors. The company provides IT resource augmentation, enterprise application integration, IT consultation, and software quality assurance services alongside its own branded software products such as OneGlance (healthcare), Gold Trust (pawning), Smart Connected Tea Factory, and TradeHippo.

Product overview

Inova IT Systems offers a portfolio of specialized products and solutions organized across three main categories: core software products (including OneGlance healthcare management, Gold Trust pawning solution, Smart Connected Tea Factory with IoT integration, and TradeHippo trade management), enterprise solutions (covering CRM, government forms, blood bank management, brokerage systems, and delivery logistics), and national government solutions deployed across Sri Lanka's public sector (including eRL vehicle licensing, e-BMD civil registration, Digital Government Forms, E-Land property management, Drug Verification for NMRA, National Blood Transfusion Service, LECO billing, ETFB social security, and Safety Locker banking systems). The company provides custom software development, IT outsourcing/augmentation, blockchain and IoT integration services, enterprise application integration, IT consultation, and software quality assurance to government agencies, financial institutions, healthcare organizations, and enterprises across multiple sectors.

Differentiator

Problem solved

Functional benefit

Brands

• OneGlance: Advanced, all-in-one healthcare management software designed to simplify and enhance the operations of clinics, hospitals, and medical centers
• Gold Trust
• Smart Connected Tea Factory Solution
• TradeHippo
• InoBTS
• InoCRM
• InoForms
• InoTrades

Products and services

• OneGlance An advanced, all-in-one healthcare management software designed to simplify and enhance the operations of clinics, hospitals, and medical centers.
• Inova Pawning Solution Gold Trust A centralized, web-based platform offering comprehensive management of the pawning process across branches and centers, including pawning, inventory, and asset management.
• Smart Connected Tea Factory Solution A state-of-the-art solution for modernizing tea production, seamlessly integrating IoT and data analytics to optimize factory operations and enhance product quality.
• TradeHippo A comprehensive Trade Management Platform streamlining indenting and documentation exchange between buyers and sellers for seamless transactions.
• e-BMD System A comprehensive Civil Registration and Vital Statistics (CRVS) system that digitizes certificate issuance and document management processes for the Registrar General's Department.
• Digital Government Forms A transformative solution that digitizes and streamlines government service applications for citizens.
• Electronic Revenue License System (eRL 2.0) A next-generation digital platform that revolutionized the process of obtaining and renewing vehicle revenue licenses in Sri Lanka through an online interface and network of over 1,000 service counters.
• InoBTS A web-based system providing integration, maintainability and continuity to coordinate blood banks and transfusion services managing blood and its components throughout the blood transfusion lifecycle.
• InoCRM A Customer Relationship Management system that drives profit by helping companies effectively track the relationship with current and future customers across sales, marketing, and technical support.
• InoForms A comprehensive web-based solution for managing all brokerage activities involved in a commodity-based global brokerage business.
• InoTrades A unique product designed to improve the brokerage process as intermediaries between buyers and sellers in the import and export business.
• Online Doctor Channeling A service offering convenient booking facilities through hospitals, Call Agents, Web and App for doctor appointments at leading hospitals in Sri Lanka.
• Boda Boda An end-to-end delivery SaaS platform that optimizes last-mile delivery operations from the point of ordering to the customer's doorstep with real-time tracking and intelligent routing.
• Digital Forms (Nilum) A cloud-based solution that allows the creation, distribution, and management of electronic forms to replace paperwork with smart, interactive forms.
• E-Land Digital Deed and Extract Documents Management System that offers citizens an efficient and convenient solution to request and receive certified copies of deed and extract documents online.
• Safety Locker System An Oracle ADF based solution tailored for banking institutions, providing centralized control over safety locker details across all branches with custom dashboards and transaction management.
• Drug Verification System (NMRA) A web-based system for the National Medicines Regulatory Authority that streamlines regulatory processes and ensures medicinal products meet safety, quality, and efficacy standards.
• National Blood Transfusion Service Information System (NBTSIS) Web-based software system to facilitate and automate National Blood Transfusion Service island-wide, supporting daily operations, decision-making, and communication across 96 blood banks.
• LECO e-Bill A comprehensive web application for the Lanka Electricity Company to manage customer billing inquiries efficiently with various user management capabilities.
• ETFB Core System A social security system that transitions from manual to digital operations with employer and member portals, serving 2.6 million members and 80,000 employers in Sri Lanka.
• Enterprise-Grade Solutions Custom software development service delivering scalable, secure enterprise applications including ERP, Cloud-Based Solutions, Data Analytics & Business Intelligence, Automation & Workflow Optimization, and Cybersecurity & Compliance for complex processes and high-volume operations.
• Advanced Technical Solutions Innovative and futuristic technology solutions integrating Blockchain (Smart Contracts, DApps, Supply Chain & Asset Tracking, Tokenization) and IoT (Industrial IoT, Real-Time Monitoring, IoT Security) for businesses.
• IT Resource Augmentation Outsourcing services providing skilled IT professionals to organizations for mission-critical product/module development and integration, with assured client confidentiality and trusted partnership model.
• Enterprise Application Integration Integration services using Enterprise Service Bus (WSO2 ESB, Camel), SOAP, and REST APIs with cutting-edge EAI patterns to connect heterogeneous enterprise systems.
• IT Consultation Strategic IT consultation including IT Strategy & Digital Transformation, Cloud Migration, Cybersecurity Consulting, and Software Architecture & System Design.
• Software Quality Assurance Full scope of testing services from test plan creation to test case preparation and execution for Mobile, Desktop, and Web applications.

Quantifiable outcome

• eRL 2.0 serves citizens across 350 Divisional Secretariat offices with 1,000+ service counters
• +3 more outcomes

Named customers18 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Three partnerships are on record, tiered core.

• AWS (Amazon Web Services)coreTechnology or IntegrationCloud infrastructure partnership providing AWS-based solutions and cloud migration services.
• OraclecoreTechnology or IntegrationDatabase and enterprise solutions partnership for Oracle-based implementations including Oracle ADF solutions for banking institutions.
• WSO2coreTechnology or IntegrationStrategic partnership for Enterprise Service Bus (ESB) implementations, integration patterns, and middleware solutions using WSO2 ESB and Camel.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Virtusa: Sri Lankan-founded, now global IT services company with much larger scale serving banking, financial services, and healthcare. Comparable Sri Lanka origin and industry verticals, but operates as a broad incumbent at significantly greater scale.
• Globant: Global digital and IT services firm with a similar mix of custom software development, enterprise integration, and emerging-technology services. Comparable by service model, though operates at vastly greater scale and geographic reach.

Direct peers

• Creative Software: Long-established Sri Lankan IT services firm providing custom software development, enterprise solutions, and consulting. Comparable by geography, longevity, and broad IT services portfolio.
• Zone24x7: Sri Lankan technology services firm specializing in AI, data, and enterprise software solutions. Comparable in geography and adjacent in capability (custom software, data analytics, enterprise platforms).
• Sysco LABS: Sri Lankan software engineering arm of Sysco Corporation, providing enterprise software development and data platform services. Directly comparable as a Sri Lanka-based IT services firm serving large enterprise customers.
• hSenid Business Solutions: Sri Lankan software company focused on HR, payroll, and enterprise SaaS for emerging markets. Comparable by regional base and overlap in delivering enterprise HR/payroll and vertical-specific software products.
• 99x: Sri Lankan-headquartered software product engineering firm offering custom development, IoT, and data services to global clients. Most direct comparable by geography, scale, and service portfolio overlap.
• Genesi Software: Sri Lankan IT services company delivering enterprise application development, ERP, and digital transformation projects. Comparable by regional base and focus on enterprise custom software for local and international clients.
• CodeGen International: Sri Lankan IT solutions provider delivering custom software, travel technology, and enterprise applications. Comparable by regional base, custom development focus, and verticals served (travel, enterprise, government).

Others

• WSO2: Sri Lankan-founded middleware and integration platform vendor and Inova's stated strategic partner. Adjacent rather than directly competitive — provides the ESB technology Inova implements, making it an ecosystem participant rather than a competitor.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/inovaitsys

Compliance3 records

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 Inova IT Systems