Cidenet

What Cidenet does

Cidenet (legal entity CIDENET S.A.S.) is a privately held Colombian software services firm founded in 2012 in Medellín by five professionals. The company delivers custom enterprise software through dedicated, Scrum-managed development teams and provides staff augmentation of specialized technical roles (developers, technical leads, architects, UX/UI designers, product owners, scrum masters, and quality analysts); a third line offers implementation, customization, and optimization of the Zoho business application suite. Across its three service lines, Cidenet has accumulated a portfolio of named enterprise and mid-market engagements — including Auna's Clínica Las Américas (healthcare billing), Flypass (electronic toll collection platform with 258,000 registered users and 101 active tolls as of 2022), Arus (social security online payments), Ficohsa Seguros (insurance broker mobile app that compressed bank transaction processing from 3 days to 9 minutes), Soda (property management platform), and Arroyo Consulting — across verticals spanning finance, banking, insurance, healthcare, logistics, and mobility.

The technical stack is anchored on Java, Angular, and React Native, supplemented by Spring Boot, AWS, Oracle, Python, Flutter, Laravel, PHP, MySQL, PostgreSQL, Docker, and .NET depending on client requirements. Delivery is organized around a team-based model — developers paired with a technically credentialed Scrum Master running agile ceremonies, with an MVP-functional-delivery guarantee per sprint — that became the firm's signature offer in 2016. Supporting tooling and methodology alliances signed in 2024 (Software Testing Bureau for test automation, Fluid Attacks for continuous security testing, IT Monkey for Agile certifications) extend the delivery envelope without organic build-out.

Commercially, Cidenet operates a direct, consultative B2B sales motion selling project-based engagements, billed monthly against committed per-person capacity rather than hours (a model adopted in 2015). The company maintains its Medellín headquarters (Carrera 69 #49A – 11, Barrio Suramericana) and a US subsidiary — Cidenet LLC, formed in 2019 — to support North American clients, alongside an active presence across Colombia, El Salvador, Honduras, Peru, Ecuador, Venezuela, Brazil, and France. Cidenet remains privately held with no disclosed institutional funding or M&A activity, instead growing organically through anchor client relationships (Arus, F2X, Banco Ficohsa, Ficohsa Seguros retained since 2017) and incremental capability expansion.

Name

Cidenet

Legal name

CIDENET S.A.S.

Website

https://cidenet.com.co

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

51–100 employees

Short description

Cidenet is a Colombian software services firm offering dedicated Scrum-based development teams, staff augmentation, and Zoho implementation to enterprise and mid-market clients in finance, healthcare, insurance, logistics, and mobility across Colombia, Central America, and the United States.

Ownership category

akta.pro rank

Headquarters

HQ city

Medellín

HQ country

Colombia

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Custom Software Development: Traditional factory model with dedicated teams managing and developing custom software, guaranteeing quality and on-time delivery. Model shifted from hourly billing to monthly capacity per person with fixed monthly price starting 2015.
2. Staff Augmentation: Specialized talent integrated to client teams to enhance and accelerate technological development. Provides capacity on demand with flexible scaling.
3. Zoho Solutions: Zoho implementation, customization, and optimization services. Includes configuration, workflow automation, integrations, and ongoing support.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Cidenet is a custom software development company that provides dedicated development teams, staff augmentation, and Zoho solutions for business clients. The firm operates from Medellín, Colombia, and delivers tailored software projects through methodologies such as Scrum.

Product overview

Cidenet is a custom software development company offering three main service lines: (1) Custom Software Development (Desarrollo de software a la medida) with dedicated development teams managing projects from conception to completion; (2) Staff Augmentation providing specialized IT talent including Developers, Scrum Masters, Technical Leads, UX/UI Designers, Product Owners, Quality Analysts, and Software Architects; and (3) Zoho Solutions for implementation, customization, and optimization of Zoho business applications. The company also organizes CTO Insights, a technology leadership community event series. Cidenet operates primarily with Java, Angular, React Native, and Spring Boot technologies, serving clients in healthcare, logistics, finance, banking, insurance, and mobility sectors across Colombia, Central America, and the United States.

Differentiator

Problem solved

Functional benefit

Products and services

• Custom Software Development End-to-end custom software development delivered via dedicated teams, targeting business clients that require tailored software solutions.
• Staff Augmentation Skilled software engineer augmentation provided to client teams to scale delivery capacity on demand.
• Zoho Solutions Implementation, customization, and integration of the Zoho business application suite for business clients seeking CRM, productivity, and operations tools.
• Dedicated Development Teams Long-term, dedicated cross-functional engineering teams allocated to a single client engagement to deliver ongoing software projects.

Quantifiable outcome

• Flypass platform: 258,000 registered users, 101 active tolls, 12 parking lots in Antioquia, Bogotá and Ibagué
• +4 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

Feature3 records

Partnerships

Seven partnerships are on record, tiered supporting and core.

• Software Testing BureausupportingTechnology or Integration · 1 January 2024Collaboration for advanced software testing services. Provides STELA Automation for test automation, Functional Testing, End-to-End Testing, and Test Management consulting to optimize testing processes.
• Fluid AttackssupportingTechnology or Integration · 1 January 2024Partnership for continuous hacking and security testing services. Offers Integral Continuous Hacking for constant security monitoring and specific interventions for critical security problems using automation, AI, and ethical hackers.
• IT MonkeysupportingImplementation/ SI/ Consulting Partner · 1 January 2024Personalized training services including Scrum Master, Product Owner, Scrum Developer, Agile Coach, Design Thinking, Innovation Management, and Kanban training programs.
• Mexican Company (Strategic Alliance)coreStrategic or Co-development Partner · 1 January 2023Strategic alliance with Mexican company to expand knowledge of US market and adopt new work methodologies. Partnership enabled Cidenet to learn new ways of working and advance US market expansion strategy.
• Colombia FintechsupportingStrategic or Co-development Partner · 1 January 2023Membership in Colombia Fintech association to create long-term relationships with financial and technology sector agents at local, national, and international levels. Contributes to growth of technological investment in Latin America.
• ConverTIC ProgramsupportingOthers · 1 January 2022Participation in creation of ConverTIC program to train people over 30 years of age in software development to provide new job opportunities. Youth training program to employ participants in software development.
• F2XcoreStrategic or Co-development PartnerJoint development partnership on Flypass electronic toll platform. F2X and Cidenet development teams collaborate on continuous development of the platform for electronic payments for vehicles including tolls and parking.

Scale indicators3 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Globant: Argentine-founded digital transformation and custom software development firm with deep LatAm delivery footprint. Closely comparable in service mix (custom dev, staff aug, Studios model) and target verticals (finance, healthcare, mobility), though materially larger and public.
• BairesDev: Argentine nearshore software development company providing dedicated teams and staff augmentation to US enterprises. Directly competes for similar LatAm-origin talent and US enterprise deals with overlapping technology stacks.
• Softtek: Mexican-founded nearshore IT services provider with US delivery centers. Comparable in custom development, staff augmentation, and enterprise-focused sales motion; similar size band and LatAm origin story.
• Rootstack: Panamanian/LatAm custom software development and staff augmentation firm serving US enterprises. Closely comparable in size, service mix, and nearshore positioning, though based in Central America.
• Svitla Systems: Nearshore software development and dedicated team provider with US sales presence. Comparable in dedicated-team model, custom software delivery, and serving US enterprise clients across finance and healthcare.
• Endava: UK-headquartered IT services firm with significant nearshore delivery in LatAm (Colombia, Argentina, Mexico). Closely aligned in custom software, agile team delivery, and enterprise verticals such as financial services and insurance.

Broad incumbents

• Thoughtworks: Global custom software and digital transformation consultancy with nearshore LatAm presence. Overlaps in agile/Scrum delivery model and enterprise software engineering but operates at significantly larger scale across more geographies.
• Slalom: US-headquartered consulting firm with significant nearshore/LatAm delivery capability. Overlaps in custom software delivery and enterprise verticals (finance, healthcare), though broader in strategy/consulting scope.
• Accenture: Largest global IT services and consulting firm with extensive LatAm delivery network. Overlaps in custom application development, enterprise transformation, and industry-specific delivery for finance, healthcare, and logistics.
• Infosys: Global IT services giant with established nearshore and offshore delivery. Competes for the same enterprise digital transformation and application development deals but at vastly larger scale and broader service portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@Cidenet
• Facebookfacebook.com/Cidenet
• LinkedInlinkedin.com/company/cidenet-s-a-s-
• Instagraminstagram.com/cidenet
• Xx.com/cidenet_sas

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 Cidenet