ElevenX

What ElevenX does

ElevenX is a Vietnam-based IT outsourcing and software development firm headquartered in Ho Chi Minh City, founded in 2020. The company delivers custom software, web and mobile applications, cloud services, QA/QC testing, UI/UX design, and IT consulting to startups and SMEs globally, with a structured emphasis on Minimum Viable Product (MVP) development completed in 8-12 weeks.

The company's core product portfolio comprises three engagement models: (1) MVP Development Services with published tiered pricing from $4,999 to $26,000+, delivered via a five-step process (discovery, UX/UI, development, QA, launch); (2) IT Outsourcing covering custom software, web, mobile, and cloud across multiple stacks (React, Node.js, Vue.js, Laravel, Python, .NET, ReactNative, Flutter) and platforms (AWS, GCP, Azure, DigitalOcean); and (3) IT Dedicated Team, a managed-services model embedding Vietnamese engineers into client teams. ElevenX claims 50+ IT experts, 35+ completed projects, 19+ countries served, and a 98% client satisfaction rate, with technology integrations including Stripe, Apple Pay/Google Pay, Slack, Socket.io, NextAuth.js, OpenPGP.js, MongoDB, PostgreSQL/PostGIS, and Redis across delivered projects.

ElevenX monetizes primarily through professional-services fees and managed-services retainers, with a sales-led go-to-market targeting international startup and SME buyers through content marketing, case studies, and verification on GoodFirms and DesignRush. The company positions its value proposition around 40-60% cost savings versus in-house Western development, enabled by Vietnam's labor cost arbitrage. The customer base spans 10+ named clients across highly diverse verticals (EV charging, e-commerce, HR, community platforms, real estate coaching, dating, manufacturing, food, education, travel), with no single customer disclosed as dominant. ElevenX operates as a private, founder-led firm with no disclosed funding rounds, parent company, or institutional investors.

Name

ElevenX

Legal name

ElevenX

Website

https://elevenx.asia

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

ElevenX is a Vietnam-based IT outsourcing and software development firm delivering MVP development, dedicated engineering teams, and custom software services to startups and SMEs globally, with 50+ engineers and 35+ completed projects across 19+ countries.

Ownership category

akta.pro rank

Product category

IT Outsourcing Services

NAICS

Custom Computer Programming Services (541511), Computer Systems Design and Related Services (54151), Computer Systems Design Services (541512)

SIC

Services-Computer Integrated Systems Design (7373), Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Programming Services (7371)

akta.pro primary industry

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

Keywords

• MVP development services
• IT outsourcing services
• Offshore dedicated teams
• Custom software development
• Web mobile development

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. IT Outsourcing Services: Project-based outsourcing services where ElevenX manages and delivers complete IT projects on behalf of clients. On-time, on-budget delivery model with IT consulting expertise. Revenue derived from project fees based on scope and complexity.
2. Dedicated Team Model: Long-term dedicated team arrangements where clients have a committed offshore development team in Vietnam. Teams include mobile app developers, web developers, UX/UI designers, QA engineers, and project managers. Revenue is recurring based on team size and engagement duration.
3. MVP Development Services: Fixed-scope MVP development projects delivered in 8-12 weeks. Pricing tiers from $4,999 to $6,500+ based on complexity and features. One-time project fees with optional post-launch support.
4. Web Development Services: Website development services with tiered pricing: Basic ($650+), Standard ($1,600+), Premium ($3,250+), and Custom (on request). Project-based pricing based on pages, features, and customization level.
5. Web Application Development: Custom web application development with four tiers: MVP ($6,500+), Standard ($13,000+), Advanced ($26,000+), and Enterprise/Custom (on request). Pricing based on complexity, user roles, security requirements, and delivery timeline.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

ElevenX is a Vietnam-based IT outsourcing firm that builds minimum viable products (MVPs) for startups and SMEs, delivering functional prototypes in 8-12 weeks. The company also provides dedicated offshore development teams staffed with senior engineers, and offers custom software, web, mobile, and cloud development services with tiered pricing from $650 to $26,000+. The company operates with 50+ IT experts serving 19+ countries.

Product overview

ElevenX is an IT outsourcing company offering a portfolio of technology services including MVP Development Services (8-12 week rapid prototyping), IT Outsourcing (custom software, cloud, web/mobile development, QA, UI/UX design), and Dedicated Team augmentation. The company serves startups and SMEs across diverse industries including EV charging (NovoWatt), e-commerce (Bestdenki), HR/attendance (FlamingoApp), community platforms (Vietko), coaching (TomFerry), and dating/entertainment (Secret Swingerlust). Service pricing ranges from basic web development at $650 to enterprise web applications up to $26,000, with MVP services starting at $4,999. The company has delivered 35+ projects across 19 countries with a 50+ person IT team.

Differentiator

Problem solved

Functional benefit

Products and services

• MVP Development Services Rapid minimum viable product development service that builds functional prototypes from idea to launch in 8-12 weeks for startups and SMEs seeking to validate market demand cost-effectively.
• IT Outsourcing Comprehensive IT outsourcing services managing and delivering complete IT projects on behalf of clients, including custom software development, cloud services, web and mobile development, QA/QC testing, MVP services, and UI/UX design.
• IT Dedicated Team Long-term dedicated team augmentation service providing committed offshore development teams staffed with mobile app developers, web developers, UX/UI designers, project managers, and QA/QC engineers for ongoing client projects.
• Custom Software Development Bespoke custom software development service covering design, development, testing, and deployment, supporting multiple technology stacks including WordPress, Laravel, .NET, React, Vue, and Express frameworks.
• Cloud Services Cloud infrastructure and deployment services supporting AWS, GCP, and DigitalOcean hosting platforms with optimization for performance and scalability.
• Web Development Web development and web application services ranging from basic static sites ($650+) to advanced custom web applications ($26,000+), with tiered packages and add-on options for multilingual setup and SEO.
• Mobile Development Native and cross-platform mobile application development service supporting ReactNative and other frameworks for iOS and Android platforms.
• QA & Testing Quality assurance and software testing service ensuring product reliability, performance, and user experience standards across web and mobile applications.
• UI/UX Design User interface and user experience design service including user research, wireframing, prototyping, and responsive design for web and mobile applications.
• IT Solutions Consulting IT consulting service providing strategic technology guidance and solution architecture for retail, healthcare, financial services, travel, and education industries.

Quantifiable outcome

• 35+ projects completed for clients across 19+ countries
• +7 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

AI capability4 records

Feature3 records

Scale indicators5 records

Recent moves4 records

Expansion highlights5 records

Direct peers

• KMS Technology: Vietnam-based IT outsourcing and software development company offering dedicated teams, custom software, and QA services. Highly comparable to ElevenX in geography, service mix, and target customers (US/EU startups and enterprises).
• TMA Solutions: Large Vietnam-based IT services company providing custom software development, dedicated teams, and offshore development centers. Closely comparable to ElevenX's dedicated team and outsourcing offerings.
• Saigon Technology: Vietnam-based software development and outsourcing firm offering dedicated teams, custom development, and MVP services to startups and SMEs in the US, Europe, and Asia. Directly comparable in services, geography, and target market.
• Designveloper: Ho Chi Minh City-based web and software development agency offering custom development, dedicated teams, and design services. Comparable in size, services, and startup/SME focus.
• Dirox: Vietnam-based IT outsourcing company with a similar offshore development model and a focus on startups and SMEs. Comparable services, target customers, and pricing model.
• BairesDev: Latin America-based offshore software outsourcing company with dedicated teams and staff augmentation for US/EU startups and enterprises. Comparable business model, target market, and dedicated team offering, though based in a different geography.
• Net Solutions: India-based digital product development and outsourcing firm offering custom software, MVP, and dedicated team services to global startups and SMEs. Comparable services, target customers, and offshore development model.
• Geniusee: Eastern Europe-based software development and IT outsourcing company with dedicated teams and custom development services. Comparable service mix and target market for startups and SMEs.
• EffectiveSoft: Full-service IT outsourcing and custom software development company with offshore delivery capabilities, serving startups, SMEs, and enterprises globally. Comparable in scope of services and dedicated team offerings.

Broad incumbents

• FPT Software: Vietnam's largest IT services company, offering end-to-end software development, dedicated teams, and digital transformation at global scale. Overlaps with ElevenX in dedicated teams and offshore development, but serves a much broader enterprise client base.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/elevenxasia
• LinkedInlinkedin.com/company/elevenxasia

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 ElevenX