Exactpro Systems
Exactpro Systems is a UK-based independent provider of AI-enabled software testing services for financial market infrastructure, including exchanges, clearinghouses, banks, and market data operators across 20 countries, leveraging its proprietary th2 framework and digital twin tooling.
- Company typePrivate
- Founded2009
- HeadquartersLondon, United Kingdom
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Exactpro Systems does
Exactpro Systems Limited is a UK-incorporated independent software testing services provider founded in 2009, headquartered in London with offices in New York, Tbilisi, Colombo, Yerevan, Toronto, and Milan. The company specialises in AI-enabled functional, non-functional, and regulatory-compliance testing for mission-critical financial market infrastructure, serving exchanges, post-trade platforms (central counterparties, clearing and settlement operators), banks, market data providers, and market surveillance operators across 20 countries. Its core proprietary assets include the th2 enterprise test automation framework, complemented by specialised tools Sailfish, Shsha, ClearTH, and Minirobots, plus AI-native capabilities such as synthetic test data generation, market digital twins, and data-box testing techniques. Recent service-line expansion covers RAG (Retrieval-Augmented Generation) systems testing and distributed ledger technology, including smart contracts, CBDCs, and NFTs.
The firm monetises primarily through professional services engagements priced via direct business enquiries, supplemented by a PoC collaboration programme for banks and a corporate AI Testing Training programme (ISTQB-certified). GTM is enterprise field sales combined with event-driven demand generation (Boca 2026, World Federation of Exchanges webinars, SWIFT Hackathons) and content marketing via white papers, research papers, and case studies. Named enterprise clients include Connamara Technologies, Johannesburg Stock Exchange (JSE), MEMX, Athens Stock Exchange, ARTEX MTF, and BNY Mellon. Exactpro is privately held, founder-led (CEO Iosif Itkin), with no disclosed venture capital or private equity investment, suggesting organic, cash-funded growth across its 501–1,000 employee base.
Exactpro Systems firmographics
Firmographics- Name
- Exactpro Systems
- Legal name
- Exactpro Systems Limited
- Website
- https://exactpro.com/
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Exactpro Systems is a UK-based independent provider of AI-enabled software testing services for financial market infrastructure, including exchanges, clearinghouses, banks, and market data operators across 20 countries, leveraging its proprietary th2 framework and digital twin tooling.
- Ownership category
- akta.pro rank
Exactpro Systems industry classification
Industry- Product category
- Financial Software Testing Services
- NAICS
- Testing Laboratories and Services (54138)
- SIC
- Services-Testing Laboratories (8734)
- akta.pro primary industry
- Quality Assurance & Testing Services (Functional, Compatibility, Compliance) (MPAFAKAA)
Keywords
Where Exactpro Systems is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices7 records
Markets served
Exactpro Systems business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Software Testing Services: Independent AI-enabled software testing services for financial organizations including exchanges, post-trade platforms, and banks. Services cover functional testing, non-functional testing, regulatory compliance testing, and system-specific testing for trading, clearing, settlement, market data, and surveillance systems.
- Corporate AI Testing Training: Corporate training programs including ISTQB AI Testing certification courses and customized AI testing training for teams. Revenue generated through training course fees ([email protected]).
- PoC Programme: Proof-of-Concept collaboration program where Exactpro applies its proprietary AI-based Testing approach to target segments of banking infrastructure for short-term limited-scope software testing activities.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Exactpro Systems product offering
Product offeringCore offering
Exactpro Systems provides independent AI-enabled software testing services for mission-critical technology that underpins financial markets. The company delivers functional, non-functional, and regulatory compliance testing for exchanges, post-trade platforms, banks, and market data operators, supported by proprietary test automation tools including the th2 framework, Sailfish, Shsha, ClearTH, and Minirobots. It also offers corporate AI Testing training programs and a PoC collaboration program for banking organizations.
Product overview
Exactpro Systems is an independent provider of AI-enabled software testing services for financial sector organisations. The company offers a portfolio of proprietary test automation tools (th2 framework, Sailfish, Shsha, ClearTH, Minirobots) complemented by specialized testing services across trading, post-trade, market data, market surveillance, risk management, collateral management, and AI/RAG systems. The th2 platform serves as the core enterprise test automation framework, while individual tools like Sailfish handle specific functional testing use cases. Testing services span functional, non-functional, and regulatory compliance validation for exchanges, clearinghouses, banks, and payment infrastructure operators across 20 countries.
Differentiator
Problem solved
Functional benefit
Products and services
- th2
Quantifiable outcome
- Decreased time to market for clients through AI-enabled testing automation
- +2 more outcomes
Companies that use Exactpro Systems
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles5 records
Exactpro Systems technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability9 records
Feature6 records
Exactpro Systems partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Connamara TechnologiescoreConnamara Technologies engaged Exactpro as independent testing provider for its EP3 exchange and clearinghouse platform. The EP3 platform powers 13 exchanges and 3 clearinghouses globally. The engagement aims to strengthen the platform's robustness, scalability, and operational resilience while providing a consolidated test library to support future development and expansion into new markets.
- BNY MelloncoreWon SWIFT Hackathon 2022 together with BNY Mellon for digital assets ownership and interoperability challenges, demonstrating collaborative approach to financial technology innovation and testing capabilities.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
Exactpro Systems competitors and assessment
Company assessmentDirect peers
- Hexaware Technologies: Hexaware has built a dedicated quality engineering and automated testing practice serving banking, financial services, and capital markets clients globally. Comparable to Exactpro as a testing-led services firm competing for similar enterprise wallet share.
- Thoughtworks: Thoughtworks is a global technology consultancy with strong financial services and capital markets practices, including dedicated quality engineering and testing capabilities serving exchanges and tier-1 banks. Closely aligned to Exactpro on technology-led, engineering-depth delivery model for mission-critical financial systems.
- Qualitest: Qualitest is one of the largest pure-play software quality assurance and testing services firms globally, with deep financial services testing practices serving banks, capital markets, and FinTech clients. Most directly comparable peer to Exactpro given the shared enterprise QA services model and target buyer (large financial institutions).
Broad incumbents
- EPAM Systems: EPAM is a large IT services and digital engineering firm with significant financial services testing and quality engineering practices. Overlaps with Exactpro on enterprise software QA but as one of many capabilities within a broader digital services portfolio.
- Tata Consultancy Services (TCS): TCS is one of the world's largest IT services firms with extensive capital markets and banking testing engagements through its quality engineering practice. Overlap with Exactpro is partial; TCS offers QA as part of a full-stack services portfolio rather than as its core specialization.
- Genpact: Genpact operates large digital and quality assurance practices specifically for capital markets and banking clients including risk and regulatory technology testing. Comparable in customer segment (financial sector) and adjacent in testing/validation services.
- Capgemini: Capgemini's Financial Services and Testing/Quality Engineering global practices serve top-tier banks, market infrastructure providers, and exchanges across Europe and North America. Compares to Exactpro on testing capability for capital markets clients but as part of a much wider consulting portfolio.
- Cognizant: Cognizant operates a global quality engineering and assurance practice with substantial financial services and capital markets clients including exchanges and large banks. Comparable at the testing-services layer but Cognizant serves a much broader IT services remit.
- Asseco Poland (SQS): Asseco Poland acquired SQS Software Quality Systems, one of Europe's largest dedicated software testing services firms, and continues operating a quality engineering practice across financial services. Comparable to Exactpro as a pan-European testing services specialist.
Emerging players
- Parasoft: Parasoft is a specialist vendor of automated software testing tools widely used in financial services, embedded systems, and other regulated industries. Adjacent rather than direct peer — competes at the tooling layer that complements or substitutes for Exactpro's th2-based service delivery.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Exactpro Systems social profiles
Digital presenceExactpro Systems financial estimates
Financial estimateRevenue estimate
Valuation estimate
Exactpro Systems leadership team
Management profileNumber of profiles
Profiles4 records
Exactpro Systems funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Exactpro Systems M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Exactpro Systems
What does Exactpro Systems do?
Exactpro Systems provides independent AI-enabled software testing services for mission-critical technology that underpins financial markets. The company delivers functional, non-functional, and regulatory compliance testing for exchanges, post-trade platforms, banks, and market data operators, supported by proprietary test automation tools including the th2 framework, Sailfish, Shsha, ClearTH, and Minirobots. It also offers corporate AI Testing training programs and a PoC collaboration program for banking organizations.
Is Exactpro Systems a public or private company?
Exactpro Systems is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Exactpro Systems founded?
Exactpro Systems was founded in 2009. It employs 251 to 500 people.
Where is Exactpro Systems based?
Exactpro Systems is headquartered in London, United Kingdom, in the Europe region.
How does Exactpro Systems make money?
Three revenue lines are on record. Software Testing Services are the primary driver. The others are corporate AI Testing Training and poC Programme.
Who are Exactpro Systems's main competitors?
Direct peers on record are Hexaware Technologies, Thoughtworks and Qualitest. Broad incumbents are EPAM Systems, Tata Consultancy Services (TCS), Genpact, Capgemini, Cognizant and Asseco Poland (SQS). Parasoft is listed as an emerging player.
Does Exactpro Systems have an API?
No public API is recorded for Exactpro Systems.
What industry is Exactpro Systems in?
Exactpro Systems's product category is Financial Software Testing Services. Its primary akta.pro industry code is MPAFAKAA, Quality Assurance & Testing Services (Functional, Compatibility, Compliance). Its NAICS code is 54138 and its SIC code is 8734.