Iconsoft
Iconsoft is a privately held Burlington, MA-based IT services firm delivering project consulting, IT staffing, and offshore software development from a Hyderabad, India delivery center to enterprise clients across Financial Services, Healthcare, Technology, and other verticals.
- Company typePrivate
- Founded2013
- HeadquartersBurlington, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Iconsoft does
Iconsoft Inc. is a privately held, US-incorporated information systems services firm headquartered in Burlington, Massachusetts. The company delivers IT consulting, project outsourcing, contract and permanent IT staffing, and customized software development to enterprise clients, primarily in Financial Services, Healthcare, Insurance, Technology, Automotive, and Education. Service delivery is structured around three lines: Project Consulting (application development across client-server, database, GUI, telecom and system-level software, delivered on charge-by-the-hour, fixed-price, or time-and-materials terms), IT Staffing (contract staffing, permanent placement, and dedicated consultant assignments managed through an internal recruiter-account-manager model), and Offshore Development (a fully operational delivery center in Hyderabad, India offering application development and maintenance, database management, BI and data warehousing, EAI, enterprise security, ERP/CRM, and BPO).
Underlying technology spans mainframe and client-server computing, database management systems, and a mix of open-source and in-house frameworks; the firm emphasizes flexible delivery models spanning on-site, custom labs near client locations, and offshore. Named historical logos include Intel, Cisco, Juniper, IBM, Symantec, VMware, JPMorgan, Wells Fargo, Visa, Deutsche Bank, Credit Suisse First Boston, Allstate, Johnson & Johnson, UCSF, Delphi, ETS, and Sun, with claimed operational reach across more than 25 US states. Revenue mechanics are project-based with no disclosed subscription, recurring, or productized revenue streams.
Commercially, Iconsoft operates a B2B sales-led go-to-market with no external funding, no disclosed M&A, and a lean management footprint (President Ravi Kumar Meruva). The company's web presence and marketing materials carry a 2013 copyright, the careers page reports no open requisitions, and there is no disclosed AI, modern cloud-native, or platform-product offering. The firm is best characterized as a small, bootstrapped, traditional IT staffing and offshore outsourcing boutique whose growth and competitive position depend on continued enterprise demand for legacy technology skills and cost-arbitraged delivery.
Iconsoft firmographics
Firmographics- Name
- Iconsoft
- Legal name
- Iconsoft Inc.
- Website
- https://iconsoft.net
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Iconsoft is a privately held Burlington, MA-based IT services firm delivering project consulting, IT staffing, and offshore software development from a Hyderabad, India delivery center to enterprise clients across Financial Services, Healthcare, Technology, and other verticals.
- Ownership category
- akta.pro rank
Iconsoft industry classification
Industry- Product category
- IT Consulting Services
- akta.pro primary industry
- Enterprise Architecture & Technology Roadmapping (BPAEAAAC)
Keywords
Where Iconsoft is headquartered
LocationHeadquarters
- HQ city
- Burlington
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Iconsoft business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Project Consulting Services: Services delivered on charge by the hour, fixed-priced, or time and material basis. Includes application development, project outsourcing, and technology partner services.
- IT Staffing: Contract staffing placing full-time employees, contractors, or sub-contracting single software professionals to client sites on a project-to-project basis.
- Offshore Development: Cost-effective outsourcing model for software development and maintenance needs from their Hyderabad, India facility. Includes application development, database management, business intelligence, ERP, CRM, and BPO services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Charge by the Hour |
| Outcome Based/ Performance | Multi-year contract | Fixed-Price |
| Other | Pay-as-you-go | Time and Materials |
Go-to-market motion1 record
Distribution channels1 record
Iconsoft product offering
Product offeringCore offering
Iconsoft is a B2B IT services firm that provides project consulting, IT staffing, and offshore application development and maintenance for enterprise clients. Its offerings span customized software development in areas such as BI, CRM, data warehousing, testing, integration, networking, and call center technologies, delivered through onshore and offshore delivery centers.
Product overview
Iconsoft is an information systems firm that operates as a service-oriented company rather than a product company. The company offers a unified portfolio of technology services organized into three primary service lines: Project Consulting (project outsourcing, application development, technology partnership), IT Staffing (contract staffing, permanent placement), and Offshore Development (with a dedicated center in Hyderabad, India offering application maintenance, database management, BI/data warehousing, EAI, enterprise security, ERP/CRM, and business process outsourcing). Additionally, Solutions and Development covers customized software development, and Staffing Solutions provides technical staffing across multiple engineering disciplines. These services are delivered on-site, near-client locations, or off-shore to meet diverse client needs.
Differentiator
Problem solved
Functional benefit
Products and services
- Project Consulting Services
- IT Staffing Solutions
- Offshore Development Services
- Solutions and Development Customized software development services covering BI, CRM, data warehousing, testing, integration, networking, and call center technology implementations for enterprise clients.
Quantifiable outcome
- Excellent ROI to clients through offshore development model
Companies that use Iconsoft
Customer profileNamed customers17 records
Segments4 records
Ideal customer profiles1 record
Iconsoft technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Iconsoft partnerships and signals
Strategic signalScale indicators1 record
Recent moves4 records
Expansion highlights4 records
Iconsoft competitors and assessment
Company assessmentDirect peers
- Mphasis: India-headquartered IT services and consulting firm with significant US enterprise presence, offering application development, BPO, and infrastructure services — directly comparable to Iconsoft's dual-shore delivery model and financial services focus.
- Hexaware Technologies: Mid-tier IT services firm specializing in application development, automation, and digital transformation with US enterprise clients — comparable in size, dual-shore model, and BFSI vertical mix to Iconsoft.
- Globant: Digital transformation and IT services firm delivering application development, BI, and consulting for enterprise customers — comparable to Iconsoft's offshore-enabled consulting and development offerings.
- Genpact: Professional services firm delivering application development, BPO, and IT staffing services from offshore centers to enterprise clients — overlapping with Iconsoft's offshore development and BPO service lines.
- Larsen & Toubro Infotech (LTIMindtree): Mid-to-large IT services firm offering application development, consulting, and digital transformation with strong US BFSI and technology vertical presence — comparable in service mix and enterprise target customer base to Iconsoft.
Broad incumbents
- Infosys: Global Tier-1 IT services leader offering consulting, application development, and offshore services to enterprise customers including financial services and technology — broader portfolio but directly competes for the same enterprise application work as Iconsoft.
- Wipro: Large IT services and consulting firm with extensive US enterprise footprint and offshore delivery centers — competes for the same application development, ERP/CRM, and consulting engagements Iconsoft targets.
- Cognizant: Major IT services firm with deep US enterprise presence in financial services, healthcare, and technology — directly competes with Iconsoft for application development and IT staffing engagements with shared customers like JPMorgan and Wells Fargo.
- HCL Technologies: Global IT services firm with strong US enterprise footprint, particularly in financial services and technology verticals — competes for the same application development, ERP, and infrastructure consulting work as Iconsoft.
Regional players
- ITC Infotech: India-based IT services subsidiary with US enterprise customer focus and offshore delivery model — comparable dual-shore delivery approach and vertical mix to Iconsoft, though more India-rooted.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights5 records
Customer concentration
Iconsoft financial estimates
Financial estimateRevenue estimate
Valuation estimate
Iconsoft leadership team
Management profileNumber of profiles
Profiles1 record
Iconsoft funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Iconsoft 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 Iconsoft
What does Iconsoft do?
Iconsoft is a B2B IT services firm that provides project consulting, IT staffing, and offshore application development and maintenance for enterprise clients. Its offerings span customized software development in areas such as BI, CRM, data warehousing, testing, integration, networking, and call center technologies, delivered through onshore and offshore delivery centers.
Is Iconsoft a public or private company?
Iconsoft is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Iconsoft founded?
Iconsoft was founded in 2013. It employs 51 to 100 people.
Where is Iconsoft based?
Iconsoft is headquartered in Burlington, United States, in the North America region.
How does Iconsoft make money?
Three revenue lines are on record. Project Consulting Services are the primary driver. The others are IT Staffing and offshore Development.
Who are Iconsoft's main competitors?
Direct peers on record are Mphasis, Hexaware Technologies, Globant, Genpact and Larsen & Toubro Infotech (LTIMindtree). Broad incumbents are Infosys, Wipro, Cognizant and HCL Technologies. ITC Infotech is listed as a regional player.
Does Iconsoft have an API?
No public API is recorded for Iconsoft.
What industry is Iconsoft in?
Iconsoft's product category is IT Consulting Services. Its primary akta.pro industry code is BPAEAAAC, Enterprise Architecture & Technology Roadmapping.