Iversoft
Iversoft is a Canadian digital consultancy founded in 2009 that embeds AI-integrated software development teams into enterprise and mid-market clients across North America, offering team augmentation, retained product teams, and custom AI solutions under transparent multi-year managed services contracts.
- Company typePrivate
- Founded2009
- HeadquartersOttawa, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Iversoft does
Iversoft is a Canadian digital consultancy and software development firm founded in 2009 and headquartered in Ottawa, operating with offices in Toronto, Montreal, Vancouver, and Calgary under a remote-first model. The company provides AI-integrated team augmentation and custom software development services to enterprise and mid-market clients across North America, embedding fully managed, pre-vetted Canadian developers and AI specialists into client organizations. Its core offerings span three service lines: AI-First Team Augmentation, Retained Product Teams, and Custom AI Solutions covering NLP, computer vision, and predictive analytics. The technology stack is full-stack — mobile (iOS, Android, React Native), web (React, Next.js), backend (NestJS, Node.js, PHP/Laravel, Golang), cloud (AWS EKS, CloudFront), GraphQL APIs, and Web3/blockchain — with AI integrated throughout the development lifecycle and applied to production client features such as the ReStore for Retail store-display-review system for Hilco Global.
The business model centers on long-term, multi-year managed services engagements billed under a transparent "operation costs plus 20% markup" structure, supplemented by project-based fixed-scope work. Go-to-market is sales-led, with a CRO-led direct sales motion targeting Fortune 1000 and mid-market organizations that struggle to attract and retain elite engineering talent. Iversoft reports $45M in lifetime sales, has scaled from 7 to over 50 employees, claims 500+ applications shipped, and serves a diverse logo base including HarperCollins, Hilco Global, Manulife, ORIX, Hydro Ottawa, Royal Canadian Mint, the University of Ottawa, and an unnamed Fortune 1000 streaming platform. The company is privately held with no disclosed institutional funding, founder-managed under CEO Graeme Barlow with CTO/Co-Founder Vicki Iverson (formerly Apple, Sybase), COO Laura Townson (formerly Lucas Film, Sony, Disney), and CRO/Co-Founder Matt Strentse.
Iversoft firmographics
Firmographics- Name
- Iversoft
- Legal name
- Iversoft
- Website
- https://iversoft.ca
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Iversoft is a Canadian digital consultancy founded in 2009 that embeds AI-integrated software development teams into enterprise and mid-market clients across North America, offering team augmentation, retained product teams, and custom AI solutions under transparent multi-year managed services contracts.
- Ownership category
- akta.pro rank
Iversoft industry classification
Industry- Product category
- Software Development Services
- NAICS
- Custom Computer Programming Services (541511), Computer Systems Design Services (541512)
- SIC
- Services-Computer Programming Services (7371), Services-Management Consulting Services (8742)
- akta.pro primary industry
- Application Outsourcing (AO) (BPAEAMAA)
Keywords
Where Iversoft is headquartered
LocationHeadquarters
- HQ city
- Ottawa
- HQ country
- Canada
- HQ region
- North America
Offices6 records
Markets served
Iversoft business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Team Augmentation: Fully managed, dedicated Canadian development teams embedded within client organizations. Pricing is transparent with operation costs plus 20% markup. Long-term partnerships with knowledge compounding over time.
- Retained Product Teams: Cross-functional dedicated teams that own and drive client product roadmaps from discovery to deployment. End-to-end ownership and accountability.
- Project-Based Development: Fixed-scope projects with defined deliverables and timelines. Clients include HarperCollins Book Breaks app, Hydro Ottawa AR app, SimWin Sports platform, and others with specific outcomes.
- Custom AI Solutions: Bespoke AI and machine learning solutions including NLP, computer vision, and predictive analytics tailored to specific business challenges with ongoing support and optimization.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Team Augmentation - operation costs plus 20% markup |
| Subscription | Multi-year contract | Retained Product Teams - quote-based |
| Other | Multi-year contract | Custom AI Solutions - quote-based |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
Iversoft product offering
Product offeringCore offering
Iversoft is a Canadian digital consultancy that embeds fully managed, pre-vetted Canadian developers, AI specialists, and cross-functional product teams directly into client organizations. The company delivers custom software development across mobile, web, AI/ML, and Web3 — covering team augmentation, retained product teams that own roadmaps from discovery to deployment, and bespoke AI solutions including NLP, computer vision, and predictive analytics.
Product overview
Iversoft is a Canadian software development company offering team augmentation and custom software development services. Their core offerings consist of three interconnected service lines: (1) AI-First Team Augmentation, which embeds pre-vetted Canadian developers and AI specialists into client organizations; (2) Retained Product Teams, providing dedicated cross-functional teams that own the full product roadmap; and (3) Custom AI Solutions, building bespoke AI/ML solutions for specific business challenges. Rather than a SaaS platform with modular products, Iversoft delivers professional services where the 'products' are the embedded teams and deliverables they produce for clients across various industries including streaming media, publishing, retail, healthcare, education, government, and sports.
Differentiator
Problem solved
Functional benefit
Products and services
- AI-First Team Augmentation Embedding fully managed, pre-vetted Canadian developers and AI specialists into client organizations to extend team capacity on demand, with senior developers of 5+ years experience, security-cleared professionals available, and seamless integration with existing teams.
- Retained Product Teams Dedicated cross-functional product teams (developers, designers, QA, project managers) that partner with clients to own and drive the full product roadmap from discovery through deployment, with agile delivery, transparent communication, and end-to-end accountability.
- Custom AI Solutions Bespoke AI and machine learning solutions tailored to specific business challenges, including NLP, computer vision, and predictive analytics, with custom ML models and AI integrations, enterprise-grade security and compliance, and ongoing support and model optimization.
Quantifiable outcome
- 60% fewer production incidents for enterprise retail clients
- +4 more outcomes
Companies that use Iversoft
Customer profileNamed customers13 records
Segments4 records
Ideal customer profiles3 records
Iversoft technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability6 records
Feature6 records
Iversoft partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor.
- BanfieldminorBanfield collaborated with Iversoft on the Hydro Ottawa Chaudiere Falls AR app project. Banfield brought complementary expertise to the augmented reality experience development.
- GAPC EntertainmentminorGAPC Entertainment partnered with Iversoft to create the Math Storytime app. GAPC provided entertainment and content expertise while Iversoft handled technology development.
Scale indicators17 records
Recent moves6 records
Expansion highlights6 records
Iversoft competitors and assessment
Company assessmentDirect peers
- ThoughtWorks: Global software consultancy combining embedded engineering teams, custom software development, and emerging tech (including AI) for enterprise clients. Closest direct peer in terms of culture-driven team augmentation model and enterprise focus.
- BairesDev: Latin America-focused tech talent augmentation firm providing dedicated engineering teams to enterprise and mid-market clients. Direct competitor in the augmented-team delivery model, differentiated by nearshore cost positioning.
- CI&T: Brazilian-headquartered digital consultancy offering team augmentation, product development, and AI solutions to enterprise clients. Comparable AI-integration narrative and team-embedding model targeting North American enterprise.
- Andela: Global tech talent marketplace and team augmentation provider connecting enterprises with vetted engineers across Africa and emerging markets. Competes for the same 'elite developer access' pain point Iversoft addresses.
Broad incumbents
- CGI Group: Largest Canadian-headquartered IT services and consulting firm with broad systems integration and managed services offerings. Same domestic market, overlapping enterprise clients, but vastly larger scale and broader portfolio.
- Globant: Large digital transformation consultancy combining AI, software engineering, and design for Fortune 500 clients. Competes for the same enterprise digital delivery wallet share but at significantly greater scale.
- Capgemini Engineering: Global IT services and digital engineering provider with extensive team augmentation and custom software practices. Overlaps with Iversoft on enterprise engineering delivery, but operates at much larger scale and broader service portfolio.
- Cognizant Softvision: Global IT services arm of Cognizant focused on software engineering, team augmentation, and AI-enabled delivery for enterprise clients. Overlapping capability set targeting similar enterprise buyers.
Emerging players
- Toptal: Vetted freelancer / fractional talent marketplace for elite developers, designers, and AI specialists. Adjacent to Iversoft's team augmentation model but with marketplace-style economics rather than embedded managed teams.
- Lemon.io: Smaller-scale curated talent platform offering pre-vetted developers to startups and mid-market companies. Niche competitor in the augmented-team / fractional developer category with a different go-to-market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Iversoft social profiles
Digital presenceIversoft compliance and trust
Trust signalCompliance1 record
Iversoft financial estimates
Financial estimateRevenue estimate
Valuation estimate
Iversoft leadership team
Management profileNumber of profiles
Profiles4 records
Iversoft funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Iversoft M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Iversoft
What does Iversoft do?
Iversoft is a Canadian digital consultancy that embeds fully managed, pre-vetted Canadian developers, AI specialists, and cross-functional product teams directly into client organizations. The company delivers custom software development across mobile, web, AI/ML, and Web3 — covering team augmentation, retained product teams that own roadmaps from discovery to deployment, and bespoke AI solutions including NLP, computer vision, and predictive analytics.
Is Iversoft a public or private company?
Iversoft is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Iversoft founded?
Iversoft was founded in 2009. It employs 11 to 50 people.
Where is Iversoft based?
Iversoft is headquartered in Ottawa, Canada, in the North America region.
How does Iversoft make money?
Four revenue lines are on record. Team Augmentation is the primary driver. The others are retained Product Teams, project-Based Development and custom AI Solutions.
Who are Iversoft's main competitors?
Direct peers on record are ThoughtWorks, BairesDev, CI&T and Andela. Broad incumbents are CGI Group, Globant, Capgemini Engineering and Cognizant Softvision. Emerging players are Toptal and Lemon.io.
Does Iversoft have an API?
No public API is recorded for Iversoft.
What industry is Iversoft in?
Iversoft's product category is Software Development Services. Its primary akta.pro industry code is BPAEAMAA, Application Outsourcing (AO). Its NAICS code is 541511 and its SIC code is 7371.