What Intelliware Development does

Intelliware Development, operating commercially as Electric Mind, is a Toronto-based AI-driven consulting firm founded in 1990 with 51-100 employees. The firm delivers strategy, design, and engineering services through multidisciplinary teams explicitly composed of consultants who can engineer and engineers who can strategize, targeting enterprise clients via a direct, sales-led engagement model. Its core portfolio comprises three AI-focused service offerings — AI Workforce Enablement (executive education, co-creation, and IT workforce transformation), AI Solution Delivery (purpose-built platforms replacing legacy COTS software), and Agentic AI Delivery (agentic AI deployment with benefit-based pricing and upfront agreement on business outcomes) — delivered through three methods (Consulting, Platforms, Artificial Intelligence) across five industry verticals: Financial Services, Transportation, Healthcare, Start-ups, and Sports & Entertainment.

The firm's underlying technology centers on an AI-native software development lifecycle that applies generative AI across definition, design, build, and test phases with human review retained, and a semantic-layer architecture that makes enterprise data usable by AI systems. Revenue is generated through professional services consulting; pricing is not publicly disclosed and requires direct inquiry. Named enterprise clients include TD, CIBC, FIS, Interact, Alchelyst, and Prowire, with financial services highlighted as the primary vertical. In October 2025, the firm received a $100 million corporate-funded investment from Motive Partners to accelerate AI-led transformation in financial services, marking the most significant disclosed capital event in its history and signaling a strategic inflection toward AI-first consulting at scale.

Name

Intelliware Development

Legal name

Electric Mind

Website

https://intelliware.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

51–100 employees

Short description

Intelliware Development (operating as Electric Mind) is a Toronto-based AI-driven consulting firm using multidisciplinary teams to deliver AI workforce enablement, solution delivery, and agentic AI services to enterprise clients across five industry verticals.

Ownership category

akta.pro rank

Product category

Custom Software Development

NAICS

Computer Systems Design and Related Services (54151)

SIC

Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Custom Application Development (Web/Mobile/Desktop) (BPAEAFAA)

akta.pro secondary industry

Information Technology & Software (EDAAAPAB)

Keywords

• Custom software development
• Application development
• Software engineering
• Technology consulting
• Software product development

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. AI Consulting Services: Professional consulting services delivered through multidisciplinary teams providing strategy, design, and engineering for AI transformation

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Intelliware Development is a software development firm that designs and builds custom software products tailored for specific consumer needs. Founded in 1990 and headquartered in Toronto, Canada, the company employs 51-100 people and operates as a privately held for-profit entity providing software development services.

Product overview

Electric Mind is an AI-driven consulting firm offering a unified portfolio of three core AI service offerings — AI Workforce Enablement, AI Solution Delivery, and Agentic AI Delivery — delivered through three methods (Consulting, Platforms, and Artificial Intelligence) across five industry verticals (Financial Services, Transportation, Health Care, Start-ups, and Sports & Entertainment). The company positions itself as a next-generation consulting firm combining strategy and engineering in a single multidisciplinary team, using an AI-first approach to digital transformation. The three AI-focused expertises form the core product portfolio, each addressing a distinct stage of AI adoption: preparing the workforce, building AI-enabled solutions, and deploying agentic AI systems.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Compressed delivery timelines through AI-native software development lifecycle
• +1 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature3 records

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Slalom: North American consulting firm with a similar strategy-plus-engineering delivery model and comparable mid-market to enterprise client mix, including significant financial services exposure. Closest structural peer in size and GTM motion.
• Thoughtworks: Global technology consultancy combining strategy, design, and engineering with proprietary delivery IP. Directly comparable to Electric Mind's AI Solution Delivery and Platforms offerings.

Broad incumbents

• Accenture: Global consulting and systems integration incumbent with a large AI/data practice. Competes for the same enterprise modernization and AI transformation mandates, especially in financial services.
• Deloitte (Deloitte Digital): Big Four advisory firm with deep financial services relationships (TD, CIBC are also Deloitte clients). Competes for the same platform modernization and AI advisory work.
• Capgemini Engineering: Global IT services and engineering firm offering AI-led transformation, platform modernization, and industry-specific solutions — overlaps heavily with Electric Mind's delivery model.
• IBM Consulting: Global consulting arm of IBM focused on hybrid cloud, data, and AI transformation. Competes for similar enterprise AI workforce enablement and platform modernization deals.
• Publicis Sapient: Digital transformation consultancy combining strategy, consulting, and engineering — closely mirrors Electric Mind's 'consultants who can engineer, engineers who can strategize' positioning.
• Cognizant: Global IT services firm with a growing AI advisory practice. Competes for custom application development and platform modernization mandates across financial services and healthcare.
• Infosys (Infosys Consulting): Global systems integrator with an AI/automation practice and strong financial services client base. Competes for similar modernization and agentic AI engagements.

Emerging players

• Toptal: On-demand talent platform providing elite freelance engineers, designers, and consultants to enterprises. Competes for project-based AI solution delivery engagements and presents an alternative GTM motion.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Intelliware_Inc
• YouTubeyoutube.com/@electricmindinc
• Facebookfacebook.com/intelliware.inc
• LinkedInlinkedin.com/company/intelliware-development-inc-
• Instagraminstagram.com/__electricmind__

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 Intelliware Development