Devision
Devision is a privately held Sofia-based bespoke software development firm offering custom software, team augmentation, IoT, and AI/ML services to enterprise and mid-market clients across FinTech, Energy, Industrial, Education, and Healthcare verticals.
- Company typePrivate
- Founded2007
- HeadquartersSofia, Bulgaria
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Devision does
Devision EOOD is a privately held bespoke software development company founded in 2007 and headquartered in Sofia, Bulgaria (Synergy Tower, Tsarigradsko shose 111P). The firm operates as a multi-discipline team of 11–50 software consultants, engineers, and designers delivering end-to-end custom software, team augmentation, and IT innovation advisory. Its core offerings span web application development, mobile application development (React-Native, Flutter), enterprise software, and QA/testing, with an Advanced Technologies practice covering cloud services (AWS and Azure), IoT software, DevOps engineering, and AI/ML.
The technology stack centers on the Java/Spring ecosystem, Node.js and PHP with AWS, .NET with Azure, and web frameworks Angular and React. Devision markets vertical expertise across five industries — FinTech/RegTech (designated primary, with GDPR compliance positioning), Energy & Utilities, Industrial & Hi-Tech, Education, and Healthcare — supported by enterprise logos including Busch Jaeger, ABB, Eduspire Solutions, Bayer, and Allianz.
The business model is professional services revenue through three engagement streams: (1) custom software development on a project basis, (2) team augmentation for on-demand dedicated engineering capacity, and (3) innovation advisory/IT consulting. GTM is direct sales-led with consultative outreach (CTAs such as "Let's team up"). Pricing is bespoke and quote-based with no publicly disclosed tiers, and the company states an average project duration of 0.5 years with multi-year contract cadence. The firm is founder-owned with no disclosed external funding, holds three ISO certifications (9001, 27001, IEC 20000), and is a member of BASSCOM; the only named executive is Marketing Director Vesela Vyaneva.
Devision firmographics
Firmographics- Name
- Devision
- Legal name
- Devision EOOD
- Website
- https://devision.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Devision is a privately held Sofia-based bespoke software development firm offering custom software, team augmentation, IoT, and AI/ML services to enterprise and mid-market clients across FinTech, Energy, Industrial, Education, and Healthcare verticals.
- Ownership category
- akta.pro rank
Devision industry classification
Industry- Product category
- Custom Software Development Services
- NAICS
- Custom Computer Programming Services (541511), Computer Systems Design Services (541512)
- SIC
- Services-Computer Programming Services (7371)
- akta.pro primary industry
- Software Engineering & Application Modernization (BPAHAEAD)
- akta.pro secondary industries
- Digital Learning Content Development (eLearning, Labs, Simulations) (BPAEANAD), DevOps, SRE & Platform Engineering (CI/CD, IaC, Containers) (EDABAFAC)
Keywords
Where Devision is headquartered
LocationHeadquarters
- HQ city
- Sofia
- HQ country
- Bulgaria
- HQ region
- Europe
Offices1 record
Markets served
Devision business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Custom Software Development Services: End-to-end bespoke software development services including software product development, web application development, mobile application development, enterprise software development, and QA & testing. Revenue generated through project-based engagements with dedicated development teams.
- Team Augmentation: On-demand access to talented software engineers organized in autonomous agile dedicated development teams. Clients gain expertise and full control throughout the development lifecycle.
- Innovation Advisory: IT consulting and advising services to help organizations achieve new levels of effectiveness, providing strategic guidance alongside technical execution.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom/Bespoke pricing - project-specific quotes |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels1 record
Devision product offering
Product offeringCore offering
Devision is a bespoke software development company that delivers end-to-end custom software solutions, team augmentation of dedicated agile engineers, and IT innovation advisory. Its offerings span web, mobile, and enterprise application development, plus advanced technology services in cloud, IoT, DevOps, and AI/ML for clients in FinTech & RegTech, Energy & Utilities, Industrial & Hi-Tech, Education, and Healthcare.
Product overview
Devision is a bespoke software development company offering end-to-end technology services organized around three core practice areas: (1) Innovation Advisory for IT consulting, (2) Team Augmentation for on-demand talent access, and (3) Custom Software Development encompassing software product, web, mobile, and enterprise development. Under Advanced Technologies, they deliver AI/ML, IoT, Cloud Services, and DevOps Engineering. Their technology stack includes Java/Spring, Node.js, PHP with AWS, and .NET with Azure, along with Angular and React for web frameworks, and React-Native and Flutter for mobile. The company also provides specialized services across five industry verticals: FinTech & RegTech, Energy & Utilities, Industrial & Hi-Tech, Education, and Healthcare.
Differentiator
Problem solved
Functional benefit
Products and services
- Innovation Advisory
- Team Augmentation
- Custom Software Development
- Advanced Technologies (IoT, Cloud, DevOps, AI/ML)
Companies that use Devision
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles3 records
Devision technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability9 records
Feature3 records
Devision partnerships and signals
Strategic signalScale indicators4 records
Recent moves5 records
Expansion highlights5 records
Devision competitors and assessment
Company assessmentBroad incumbents
- BairesDev: Large nearshore software development and team augmentation provider competing for similar custom development and dedicated-team engagements, overlapping with Devision's team augmentation and custom development streams.
- SoftServe: Eastern European IT services and digital consulting firm specializing in bespoke software engineering, IoT, and AI/ML — directly comparable services and tech stack (Java/.NET/Cloud/AI) to Devision's offering.
- Deloitte Digital: Big Four digital consultancy offering custom application development, digital transformation, and innovation advisory at enterprise scale; overlaps Devision's Innovation Advisory and Enterprise Software Development services for large multinational clients.
- EPAM Systems: Large global digital engineering and IT services firm with deep Eastern European roots; competes with Devision across custom software development, team augmentation, and digital transformation across the same FinTech, healthcare, and industrial verticals.
- GlobalLogic: Global digital product engineering services firm providing custom software development across verticals including FinTech, healthcare, and industrial; competes head-to-head in bespoke development and team augmentation.
- Cognizant: Global IT services and consulting giant offering bespoke application development, systems integration, and digital transformation — competes for the same enterprise custom-software RFPs as Devision, especially in FinTech and life sciences.
Direct peers
- Scalefocus: Bulgaria-based bespoke software development and technology services firm targeting FinTech, healthcare, and enterprise clients — same Sofia HQ, same headcount band, and nearly identical service portfolio as Devision.
- Accedia: Bulgarian IT services and custom software development company headquartered in Sofia, providing bespoke development, team augmentation, and consulting across FinTech and enterprise — direct geographic and offering overlap.
- Inoxoft: Eastern European bespoke software development firm offering custom web, mobile, IoT, and AI/ML services with comparable headcount and tech stack — overlapping customer segments in FinTech, healthcare, and industrial automation.
Emerging players
- Toptal: Premium freelance talent platform providing on-demand access to software engineers — competes with Devision's team augmentation practice for clients seeking flexible, vetted engineering capacity.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat2 records
Key risks6 records
Key highlights6 records
Customer concentration
Devision social profiles
Digital presenceDevision compliance and trust
Trust signalCompliance3 records
Devision financial estimates
Financial estimateRevenue estimate
Valuation estimate
Devision leadership team
Management profileNumber of profiles
Profiles1 record
Devision funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Devision 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 Devision
What does Devision do?
Devision is a bespoke software development company that delivers end-to-end custom software solutions, team augmentation of dedicated agile engineers, and IT innovation advisory. Its offerings span web, mobile, and enterprise application development, plus advanced technology services in cloud, IoT, DevOps, and AI/ML for clients in FinTech & RegTech, Energy & Utilities, Industrial & Hi-Tech, Education, and Healthcare.
Is Devision a public or private company?
Devision is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Devision founded?
Devision was founded in 2007. It employs 11 to 50 people.
Where is Devision based?
Devision is headquartered in Sofia, Bulgaria, in the Europe region.
How does Devision make money?
Three revenue lines are on record. Custom Software Development Services are the primary driver. The others are team Augmentation and innovation Advisory.
Who are Devision's main competitors?
Broad incumbents on record are BairesDev, SoftServe, Deloitte Digital, EPAM Systems, GlobalLogic and Cognizant. Direct peers are Scalefocus, Accedia and Inoxoft. Toptal is listed as an emerging player.
Does Devision have an API?
No public API is recorded for Devision.
What industry is Devision in?
Devision's product category is Custom Software Development Services. Its primary akta.pro industry code is BPAHAEAD, Software Engineering & Application Modernization, with a secondary code of BPAEANAD, Digital Learning Content Development (eLearning, Labs, Simulations). Its NAICS code is 541511 and its SIC code is 7371.