Obelis

What Obelis does

Obelis Ltd is a private Cyprus-based custom software development firm headquartered in Nicosia, employing over 200 professionals. The company delivers bespoke software, mobile applications, and web development services to modern businesses seeking digital transformation, operating a horizontal segmentation approach that serves enterprises and mid-market clients across European and Middle Eastern markets. Its strategic location in Cyprus provides an access point to both EU and Middle Eastern clients from a single base, with stated emphasis on cross-regional engagement.

The company's technology stack centers on modern development frameworks including PHP, NodeJS, and Go, supported by MySQL and MongoDB databases, Redis caching, microservices architecture, and message brokers. Obelis employs agile methodology with CI/CD processes and positions its work around cutting-edge engineering practices. The firm maintains ISO/IEC 27001:2022 certification for its Information Security Management System, verified through the International Accreditation Forum registry, providing a trust signal for enterprise clients operating under GDPR and similar regulatory regimes.

Revenue is generated primarily through project-based custom software development engagements, with pricing conducted on a quote-driven basis dependent on scope and complexity. The company uses a sales-led go-to-market motion with direct client engagement supplemented by a digital presence through its corporate website and LinkedIn page. Obelis operates without disclosed external institutional investment, parent companies, public listing, or ownership composition details, indicating an independently operated private enterprise with limited transparency into its corporate structure.

Name

Obelis

Legal name

Obelis Ltd

Website

https://obelis.ltd

Company type

Private

Operating status

Operating

Headcount range

101–250 employees

Short description

Obelis Ltd is a Cyprus-based custom software development firm with over 200 professionals delivering bespoke software, mobile applications, and web development services to modern enterprises across European and Middle Eastern markets.

Ownership category

akta.pro rank

Headquarters

HQ city

Nicosia

HQ country

Cyprus

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Custom Software Development Services: Obelis generates revenue through bespoke software development services tailored to unique business requirements. As a custom development firm, revenue is primarily project-based, derived from client engagements for custom software, mobile applications, and web development projects.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Obelis is a custom software development firm that delivers bespoke software, mobile applications, and web development services tailored to clients' unique business requirements. The company builds solutions using modern technologies including PHP, NodeJS, Go, MySQL, MongoDB, Redis, and microservices architecture, employing agile methodology across all engagements.

Product overview

Obelis is a custom software development company offering three core service lines: Custom Software Development, Mobile App Innovation, and Web Development. These services are delivered as bespoke, client-aligned solutions rather than a single unified product platform. The company employs over 200 professionals in Cyprus and serves clients globally, with a focus on tailored solutions aligned to each client's business goals.

Differentiator

Problem solved

Functional benefit

Products and services

• Custom Software Development Bespoke software solutions tailored to unique business requirements, including backend and API development, microservices architecture, and app optimization. Designed for modern businesses seeking custom digital transformation.
• Mobile App Innovation Custom mobile application development services designed to elevate clients' mobile presence with engaging and high-performing apps. For businesses seeking custom mobile solutions.
• Web Development Cutting-edge websites and web applications designed to provide an unparalleled user experience, built with modern frameworks and best practices. For businesses seeking superior web presence.

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves3 records

Expansion highlights4 records

Broad incumbents

• EPAM Systems: Global custom software development and digital engineering services giant with 50,000+ engineers. Comparable to Obelis as a custom software and web development provider serving enterprise clients, but vastly larger scale and broader service portfolio.
• Globant: Global digital transformation and custom software engineering firm serving enterprise customers. Comparable in custom software development services but operates at significantly larger scale and with broader geographic footprint.

Direct peers

• ScienceSoft: US-headquartered custom software development and IT consulting firm of comparable scale. Offers overlapping custom software, web, and mobile development services to mid-market and enterprise clients.
• Softengi: Custom software development company with similar horizontal mid-market focus across web, mobile, and bespoke development. Comparable size and service offering, though different geographic base.
• BairesDev: Large nearshore software development firm delivering custom software, web, and mobile solutions. Comparable business model and horizontal mid-market/enterprise targeting, though anchored in Latin America rather than EMEA.
• Itransition: Mid-sized custom software development firm with comparable headcount and service lines (web, mobile, custom development). Directly comparable in business model, target customer (mid-market and enterprise), and delivery methodology.
• N-iX: Eastern European software development and IT services firm with comparable scale. Offers custom software, web, and mobile development services to enterprise clients across multiple verticals.
• Pentalog: European nearshore software development and IT services firm. Comparable in offering custom software and digital services to mid-market clients across Europe, with overlapping GTM into EU enterprises.
• Intetics: Custom software development and IT services company with comparable scale and service mix (custom software, web, mobile). Directly comparable in business model and customer segment.
• Andersen Lab: Custom software development company with similar scale and a comparable three-pillar offering (custom software, web, mobile). Targets the same horizontal mid-market segment with bespoke development services.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/obelis-ltd

Compliance1 record

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 Obelis