What ioet does

ioet is a privately held nearshore software development and staff augmentation firm founded in 2014 by CEO Carl Meyer. Headquartered in Incline Village, Nevada, the company sources engineering talent from Latin America — primarily Ecuador, where it operates offices in Loja, Quito, and Guayaquil — and delivers dedicated development teams to US-based enterprise clients. As of 2024, ioet employs over 200 engineers ("ioeters") across the region and reports more than 1,000 completed projects spanning 25+ industries, including e-commerce, healthcare, retail, technology, and non-profit. The firm operates without external institutional funding and has scaled entirely through organic growth.

The company's service portfolio comprises four offerings: nearshore software development (dedicated engineering teams integrated with client operations), digital innovation services (covering data analytics, cyber security, software engineering, customer experience, infrastructure & operations, data engineering, cloud services, and artificial intelligence), staff augmentation (flexible engineering-on-demand), and the +1 Program (which pairs senior engineers with junior engineers at no incremental cost). The delivery model is built around time-zone alignment with US business hours and cultural affinity for real-time collaboration. ioet does not operate a unified proprietary software platform; revenue is generated through professional services and managed services contracts billed on hourly, monthly, or project-based terms, typically under multi-year engagements.

Commercially, ioet pursues a hybrid go-to-market combining direct enterprise field sales with a partner program for referrals, supported by content marketing via its blog and organic social presence (LinkedIn, Instagram, Facebook, TikTok). Named enterprise clients include a major US/Canada eyewear retailer (monolith-to-Oracle-Fusion-Cloud ERP migration), a multinational professional services firm (unified Azure Synapse data platform handling tens of millions of records), a HIPAA/SOX-compliant omnichannel retailer, and a donation platform reporting a 200% user retention uplift. Pricing is quote-based and customized to team size, engagement duration, and project complexity, with no public rate card disclosed.

Name

ioet

Legal name

ioet

Website

https://ioet.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

ioet is a privately held nearshore software development and staff augmentation firm founded in 2014, delivering dedicated Latin American engineering teams to US enterprise clients across 25+ industries with 200+ engineers.

Ownership category

akta.pro rank

Product category

IT Staff Augmentation & Nearshore Software Development Services

NAICS

Computer Systems Design and Related Services (54151)

SIC

Services-Computer Programming Services (7371), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Offshore Development Center (ODC) / Dedicated Team Services (BPAEAMAL)

akta.pro secondary industries

Cloud, DevOps & Infrastructure Staffing (BPACADAD), Strategy & IT Advisory (BPAEAAAA)

Keywords

• Nearshore software development
• Staff augmentation services
• Dedicated engineering teams
• Outsourced software talent
• Digital transformation consulting

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Staff Augmentation Services: Providing nearshore engineers to augment client teams. Clients pay for dedicated engineering talent from Latin America, scaling teams up or down on demand. Revenue is generated through hourly or monthly billing for augmented staff.
2. Custom Digital Innovation Services: Project-based software development and digital transformation engagements. Provides end-to-end solutions for digital transformation initiatives, including full engineering teams for specific projects.
3. Dedicated Nearshore Teams: Long-term dedicated team engagements where ioet provides complete engineering teams that integrate seamlessly with client operations, operating in Latin American time zones aligned with US business hours.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

ioet provides nearshore software development and staff augmentation services, supplying dedicated engineering teams sourced from Latin America to US-based enterprise clients. Engagements are flexible, supporting on-demand team scaling, dedicated nearshore teams, and broader digital transformation projects covering cloud, data, cybersecurity, and AI.

Product overview

ioet is a nearshore software development and staff augmentation services company. Its portfolio centers on two core offerings: Nearshore Software Development Services (providing dedicated engineering teams from Latin America) and Digital Innovation Services (covering the full spectrum of digital transformation including Data Analytics, Cyber Security, Software Engineering, Customer Experience, Infrastructure & Operations, Data Engineering, Cloud Services, and Artificial Intelligence). Staff Augmentation serves as the flexible engagement model, underpinned by the +1 Program which adds junior engineering capacity at no additional cost alongside senior talent. The company operates without a unified software platform, instead delivering professional services directly to clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Nearshore Software Development Services Customized nearshore software development providing dedicated engineering teams from Latin America to US-based enterprise clients, with real-time collaboration enabled by aligned time zones.
• Staff Augmentation Engineering-on-demand model allowing enterprise clients to integrate skilled Latin American engineers into existing workflows and scale teams up or down based on project needs.
• Digital Innovation Services Project-based digital transformation services spanning data analytics, cyber security, software engineering, customer experience, infrastructure and operations, data engineering, cloud services, and artificial intelligence for enterprise clients.
• Dedicated Nearshore Teams Long-term dedicated engineering teams that integrate seamlessly with client operations, operating from Latin America in time zones aligned with US business hours for real-time collaboration.

Quantifiable outcome

• 10x platform capacity increase for document processing
• +5 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators5 records

Recent moves12 records

Expansion highlights5 records

Direct peers

• Andela: Vetted remote engineering talent marketplace with growing LatAm presence; competes with ioet for enterprise-grade software engineering capacity and dedicated team engagements.
• Toptal: Premium freelance talent platform for top 3% of engineers, designers, and finance talent - overlaps with ioet's higher-end staff augmentation offering for US enterprise clients.
• Turing: AI-driven platform matching US companies with vetted remote engineers globally, including significant LatAm talent - a direct competitor for the same enterprise staff augmentation wallet share.
• BairesDev: Largest nearshore software development company sourced from Latin America, offering staff augmentation and dedicated teams to US enterprise clients - the most direct head-to-head competitor to ioet in the same talent geography and GTM motion.
• Arc.dev: Remote engineering talent platform focused on connecting US companies with vetted developers, including a strong LatAm developer pool; competes directly with ioet's staff augmentation and dedicated team offerings.

Broad incumbents

• Globant: NYSE-listed global IT services firm with major LatAm delivery hubs; competes with ioet for US digital transformation and engineering capacity engagements, but operates at far greater scale with a full-service portfolio.
• EPAM Systems: Large publicly traded IT services and digital engineering firm with significant nearshore delivery in LatAm; competes with ioet for enterprise digital transformation and staff augmentation work, but at much larger scale.
• Cognizant: Global IT services giant with a large nearshore delivery footprint in Latin America; overlaps with ioet's enterprise digital transformation and IT consulting offerings as a much larger, established competitor.

Regional players

• Sofka Technologies: Latin American-headquartered IT services and nearshore delivery firm with presence across multiple LatAm countries; offers similar dedicated teams and digital transformation services to US clients, geographically diversified vs. ioet's Ecuador-only footprint.

Others

• Upwork: Large open marketplace for freelance engineering talent; not a direct dedicated-team competitor but addresses the same enterprise need for flexible, on-demand engineering capacity and serves as a baseline alternative.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/WixStudio
• YouTubeyoutube.com/user/Wix
• Facebookfacebook.com/ioetsw
• LinkedInlinkedin.com/company/ioet
• Instagraminstagram.com/ioet.global
• TikToktiktok.com/@ioet.global

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

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 ioet