What Deltacoders does

DeltaCoders is a Portugal-based, privately held software studio founded in 2011 in Famões (Lisbon metropolitan area) that designs, builds, and operates Security by Design software for regulated industries, principally fintech and cybersecurity. The company runs an embedded squads model in which cross-functional product, design, and engineering teams plug directly into client organizations for the long term, and reports an average client tenure of more than 10 years across 60+ deployments. Named enterprise customers include Siemens, Nokia, SIX Group, Leaseplan, Nestle Waters, Holmes Place, and Automonitor, alongside unnamed private banking, SOC, and manufacturing groups.

Underlying the studio is the OMEGA Development Framework, established in 2016, plus a portfolio of seven proprietary products: ALPACA (log-source governance that sits alongside QRadar, Splunk, Sentinel, and Elastic), IBEX (an air-gapped AI security and attack-surface appliance with auditor-ready ISO 42001, EU AI Act, and NIST output), ALF (a domain-adaptive RAG platform for regulated enterprises), Datalak (centralized data management), Guest Vault, Auguides, and Realty Vision. The products are positioned as companion tools that extend existing enterprise stacks rather than replace them, and ALPACA, Guest Vault, and Auguides are designed to interconnect around compliance and security use cases.

The business operates two revenue streams: enterprise software development and consulting delivered through embedded teams on custom scope, and recurring revenue from proprietary companion products (ALPACA, IBEX, ALF, Datalak, Guest Vault, Auguides, Realty Vision). All sales are direct enterprise engagements with discovery calls, tailored proposals, and dedicated POCs; pricing is not publicly disclosed and is custom-quoted by scope. The firm integrates with a broad ecosystem including IBM QRadar, Splunk, Microsoft Sentinel, Elastic, ServiceNow, Microsoft Entra ID, Active Directory, Infoblox, Tenable, Qualys, Jira, Azure Boards, and major badge and access-control systems. Marketing is intentionally low-profile, relying on direct outreach, referrals from long-tenured clients, industry events, and organic search rather than content marketing.

Name

Deltacoders

Legal name

DeltaCoders

Website

https://deltacoders.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Short description

DeltaCoders is a Lisbon-based, privately held software studio founded in 2011 that builds Security by Design fintech and cybersecurity software for regulated enterprises, delivering bespoke embedded squads and companion products such as ALPACA, IBEX, and ALF.

Ownership category

akta.pro rank

Product category

Enterprise Security Software

SIC

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

akta.pro primary industry

API Management Platforms (API Gateways, Developer Portals) (HDAEAIAA)

akta.pro secondary industry

Data/Apps Connectivity & Adapters (Connectors, Drivers, SDKs) (HDAEAIAK)

Keywords

• Software development services
• Fintech software platforms
• Cybersecurity software products
• Log source governance
• Compliance automation software

Headquarters

HQ city

Famões

HQ country

Portugal

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Enterprise Software Development & Consulting: Bespoke software development services delivered through embedded teams that plug into client organizations. Custom portals, APIs, and workflow tools designed around client operating models. Professional services engagement with separate service agreements defining scope and terms.
2. Companion Software Products: Proprietary products including ALPACA (log source governance), IBEX (air-gapped AI security), ALF (RAG platform), Guest Vault (visitor management), Auguides (wayfinding), Realty Vision (real estate), and Datalak (data management). Products designed to extend existing enterprise stacks rather than replace them.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Deltacoders is a Lisbon-based 'Security by Design' software studio that delivers bespoke fintech and cybersecurity software through embedded engineering squads and a portfolio of proprietary companion products. The company builds tailored enterprise platforms (payment, lending, treasury, SOC automation, compliance-ready cloud) and sells standalone products such as ALPACA, IBEX, ALF, Datalak, Guest Vault, Auguides, and Realty Vision to regulated clients across Europe.

Product overview

DeltaCoders offers a suite of enterprise-grade fintech and cybersecurity software products built around a 'Security by Design' philosophy. The core product portfolio includes ALPACA (log source governance and SIEM coverage), IBEX (air-gapped AI security for isolated networks), ALF (retrieval-augmented knowledge platform), and Datalak (centralized data management). The Innovation Lab includes Auguides (secure digital wayfinding), Realty Vision (real estate portfolio intelligence), and Guest Vault (visitor intelligence for regulated sites). These products are designed as companion tools that extend existing stacks rather than replacing them, with ALPACA, ALF, Guest Vault, and Auguides interconnecting to share data and workflows across security and compliance use cases.

Differentiator

Problem solved

Functional benefit

Brands

• ALPACA: Automated Log Platform for Administration, Coverage & Automation - The single source of truth for log sources: governance, security coverage, and lifecycle alongside SIEM.
• IBEX
• ALF
• Datalak
• Auguides
• Realty Vision
• Guest Vault

Quantifiable outcome

• 60+ deployments across fintech, security, and real estate portfolios
• +1 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration21 records

AI capability8 records

Feature8 records

Partnerships

Seven partnerships are on record, tiered core.

• IBM QRadarcoreTechnology or IntegrationALPACA integrates with IBM QRadar SIEM platform. While QRadar handles security events, ALPACA provides governance, ownership tracking, and coverage visibility for log sources within the QRadar ecosystem. Read-only visibility into QRadar configuration and detection rules.
• SplunkcoreTechnology or IntegrationALPACA integrates with Splunk SIEM platform. Provides governance and coverage tracking for Splunk log sources. Read-only visibility into Splunk configuration and custom properties.
• Microsoft SentinelcoreTechnology or IntegrationALPACA integrates with Microsoft Sentinel SIEM platform. Provides governance, lifecycle management, and coverage visibility for Sentinel log sources.
• ElasticcoreTechnology or IntegrationALPACA integrates with Elastic SIEM/Elasticsearch stack. Provides governance and coverage tracking for Elastic log sources with read-only visibility.
• ServiceNowcoreTechnology or IntegrationALPACA integrates with ServiceNow CMDB as an asset inventory source. Correlates CMDB assets with log sources to expose security coverage gaps.
• Microsoft Entra IDcoreTechnology or IntegrationALPACA integrates with Microsoft Entra ID (formerly Azure AD) for role-based access control and lifecycle governance tied to Entra ID groups.
• Active DirectorycoreTechnology or IntegrationALPACA integrates with Active Directory for lifecycle governance and role-based access tied to AD groups.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Swimlane: Security automation platform overlapping with the SOC workflow automation use cases that DeltaCoders delivers with ALPACA and adjacent products.
• Deloitte Digital: Large consultancy delivering bespoke fintech and cybersecurity software to regulated enterprises; overlaps with DeltaCoders' engagements but at enterprise scale.
• Exabeam: AI-driven security analytics and SIEM-coverage vendor; addresses the same SOC governance/coverage gap that ALPACA targets from a vertically integrated incumbent position.
• Thoughtworks: Global technology consultancy that serves regulated industries (financial services, healthcare) with custom software delivery, comparable in regulated-industry focus though at vastly larger scale.
• KPMG Digital Lighthouse: Big-Four digital delivery arm building bespoke fintech and security software for regulated clients — competes for the same enterprise compliance-modernization budgets.

Emerging players

• Glean: Enterprise AI search/RAG platform comparable in functionality to ALF and a credible competitor in the regulated-enterprise knowledge-retrieval category.
• Vectara: RAG-as-a-service platform competing directly with ALF in domain-adaptive retrieval-augmented generation for enterprise use cases.

Direct peers

• Netguru: Digital product consultancy with embedded squads and fintech/security offerings, comparable in custom-software positioning and European origin.
• Itransition: Custom software development firm serving fintech, banking, and cybersecurity buyers with embedded teams — directly comparable service-line mix.
• Endava: Public IT consultancy with a deep payments/financial-services practice and embedded engineering squads — the closest scaled analogue to DeltaCoders' service-and-product mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/deltacoders
• LinkedInlinkedin.com/company/deltacoders

Compliance7 records

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 Deltacoders