HS Data
HS Data is a privately held Cypriot IT solutions integrator and Microsoft Gold Partner offering consulting, custom software, infrastructure, managed services, and resold Microsoft, banking, and AI technology to enterprise and government clients across Cyprus.
- Company typePrivate
- Founded1994
- HeadquartersStrovolos, Cyprus
- Headcount11–50
- GTM typeB2B
- OfferingServices
What HS Data does
HS Data (H.S. Data Ltd.) is a privately held Cypriot IT solutions integrator and managed services provider headquartered in Strovolos, Nicosia, operating in the domestic market for over 30 years since its 1994 founding. The company serves enterprise and public-sector customers across banking, government, financial services, education, telecommunications, and professional services — including virtually every major Cypriot bank, the Central Bank of Cyprus, Big Four firms, and universities — by combining IT consulting, custom software development, infrastructure services, and resold/implemented third-party technology. Its only proprietary product is Fastflow, a SharePoint- and ASP.NET-based business process management (BPM) solution; the remainder of the portfolio consists of reseller and integration services for Microsoft ecosystem products (Azure, Microsoft 365, Dynamics 365, SharePoint, Teams, Power Platform, Copilot for Microsoft 365) and specialized vendors (Fiserv AML, Kofax FraudOne, Thales HSMs, DocuSign, IBM watsonx.ai, Classter, Exelsys).
The company's revenue model is a mix of professional services (consulting, custom development, infrastructure), recurring managed services and technical support, and Microsoft volume licensing resale under Enterprise Agreement, CSP, and Select agreements. Go-to-market is primarily direct enterprise field sales through dedicated account managers, supplemented by inside sales support and partner-channel referrals. The company holds Microsoft Gold Certified Partner, Licensing Solution Provider (LSP), Cloud Solution Provider (CSP), Authorized Education Gold Partner, and Planning Services Provider designations, maintained for over a decade, and is the first Cypriot firm to hold multiple Microsoft Gold and Silver competencies.
Most recent strategic activity centers on AI-enabled services: a February 2026 deployment of IBM watsonx.ai for merchant onboarding automation at JCC Payment Systems, and a Copilot for Microsoft 365 readiness assessment practice. The company remains small (11-50 employees), self-funded, and tightly focused on Cyprus, with no disclosed M&A, external capital, or geographic expansion.
HS Data firmographics
Firmographics- Name
- HS Data
- Legal name
- H.S. Data Ltd.
- Website
- https://hsdata.com
- Company type
- Private
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- HS Data is a privately held Cypriot IT solutions integrator and Microsoft Gold Partner offering consulting, custom software, infrastructure, managed services, and resold Microsoft, banking, and AI technology to enterprise and government clients across Cyprus.
- Ownership category
- akta.pro rank
HS Data industry classification
Industry- Product category
- IT Consulting and Managed Services
- NAICS
- Computer Systems Design and Related Services (54151), Computer Facilities Management Services (541513)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Enterprise Application Data Migration & Master Data Management Services (BPAEAGAJ)
- akta.pro secondary industries
- Human Capital Management (HCM) & Payroll Platforms (HDAEAEAJ), IT Asset Discovery, Inventory & CMDB Services (BPAEAOAE)
Keywords
Where HS Data is headquartered
LocationHeadquarters
- HQ city
- Strovolos
- HQ country
- Cyprus
- HQ region
- Europe
Offices1 record
Markets served
HS Data business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- IT Consulting and Advisory Services: Professional consulting services including IT strategy alignment, digital transformation planning, technology advisory, and deployment planning services. Revenue generated through billable consulting engagements.
- Software Development and Customization: Custom application development, web application development, and business solutions development services. Revenue from project-based development engagements and ongoing maintenance.
- Microsoft Licensing and Products: As a Microsoft Gold Certified Partner and Licensing Solution Provider, HS Data resells Microsoft software including Office 365, Azure, Dynamics 365, and associated licenses. Revenue from product licensing with volume-based pricing under Enterprise Agreements and Cloud Solution Provider arrangements.
- Technical Support and Managed Services: Outsourced IT technical support services provided to clients ranging from startups to mid-sized businesses. Ongoing support contracts generating recurring revenue.
- Infrastructure Services: Infrastructure modernization, cloud computing, security, networking, and data center services covering communication, virtualization, servers, and storage.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise Licensing (500+ users) |
| Subscription | Multi-year contract | Select/Select Plus Licensing |
| Subscription | Monthly | Cloud Solution Provider (CSP) |
| Subscription | Annual | Education Licensing |
| Per seat | Monthly | Dynamics 365 Flexible Licensing |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
HS Data product offering
Product offeringCore offering
HS Data is a Cyprus-based IT solutions integrator and managed services provider delivering consulting, custom software development, and infrastructure services built primarily on Microsoft technologies. The company serves banks, government and semi-government entities, enterprises, and the education sector with a focus on banking and payment systems, including its proprietary Fastflow BPM workflow automation platform.
Product overview
HS Data is an IT solutions integrator and managed services provider offering a portfolio of proprietary products and third-party technology implementations. The core proprietary product is Fastflow, a BPM solution built on Microsoft SharePoint and ASP.NET. The portfolio spans CRM (Dynamics 365), modern workplace tools (Microsoft 365, SharePoint, Teams), AI-powered productivity (Copilot for Microsoft 365), electronic signatures (DocuSign), cloud infrastructure (Azure), banking solutions (cheque clearing, AML, signature verification, Thales HSMs), education technology (Classter), and HR management (Exelsys). Services include software development, digital transformation consulting, IT advisory, infrastructure services, Microsoft licensing, and technical support. The company operates primarily as a reseller and implementer of Microsoft ecosystem products and specialized financial/banking technology vendors.
Differentiator
Problem solved
Functional benefit
Brands
- Fastflow: A business process management solution created by H.S. Data that automates internal procedures by leveraging Microsoft SharePoint, ASP.NET and JavaScript.
- Copilot for Microsoft 365 Readiness Assessments
Products and services
- Fastflow BPM A proprietary business process management and workflow automation platform developed by HS Data for use by enterprise and government clients.
- IT Consulting Services Advisory and consulting services covering IT strategy, solution architecture, and technology selection for enterprise, banking, and public-sector clients.
- Custom Software Development Bespoke software development services delivered on Microsoft and related technology stacks for clients in banking, government, education, and enterprise.
- Infrastructure Management Services Managed IT infrastructure services including cloud, on-premises, and hybrid environments built on Microsoft platforms for enterprise and government clients.
- Banking and Payment Solutions Domain-specific IT solutions and integration services targeted at banks and payment services providers, leveraging the Fastflow BPM platform and Microsoft technologies.
Quantifiable outcome
- Implemented new cheque clearing system for Central Bank of Cyprus including hardware scanning and sorting
- +2 more outcomes
Companies that use HS Data
Customer profileNamed customers15 records
Segments5 records
Ideal customer profiles4 records
HS Data technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration16 records
AI capability8 records
Feature5 records
HS Data partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered major and core.
- JCC Payment SystemsmajorHS Data partnered with JCC Payment Systems to implement AI-powered automation solution using IBM watsonx.ai to streamline merchant onboarding and regulatory verification. Project aims to reduce verification times, enhance operational efficiency, and improve merchant experience as part of JCC's digital transformation.
- MicrosoftcoreMicrosoft Gold Certified Partner and Microsoft Licensing Solution Provider (LSP) for over 10 years. Authorized to resell Microsoft software under Enterprise Agreements, CSP, Select agreements, and Education programs. Holds multiple Gold and Silver competencies including SharePoint, Azure, and other Microsoft technologies.
- KofaxcoreProvides Kofax FraudOne cheque signature verification system (SVS) for fraud detection in banking sector. Kofax FraudOne is a comprehensive check image platform for real-time fraud detection.
- FiservcoreProvides Fiserv FCRM AML Manager for anti-money laundering and fraud compliance solutions. Fiserv delivers financial crime risk management including AML Risk Manager, watch list filtering, and regulatory reporting.
- DocuSignmajorProvides DocuSign electronic signature solutions. DocuSign is the Global Standard for Digital Transaction Management with over 100 million users in 188 countries.
- ThalescoreProvides Thales nShield General Purpose HSMs and PayShield Payment HSMs for cryptographic key protection and secure payment processing in financial institutions.
- IBMmajorIBM Technology Summit participant and partner for AI and hybrid cloud solutions. Implemented IBM watsonx.ai for JCC Payment Systems automation project. Technology focus areas include AI, hybrid cloud, and automation technologies.
- ClasstermajorProvides Classter school management system - an all-in-one student information and learning management solution for educational institutions from K-12 to universities, covering administration, grading, attendance, and transport management.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
HS Data competitors and assessment
Company assessmentRegional players
- Cosmos Business Systems: Greek IT services and Microsoft Gold Partner providing software development, infrastructure, and managed services to enterprise and public-sector clients. Directly comparable regional Microsoft integrator with similar vendor ecosystem (Microsoft, IBM, HPE).
- SingularLogic: Greek IT solutions provider and Microsoft Gold Partner offering ERP, CRM, document management, and business process solutions. Closely comparable as a Microsoft-focused regional systems integrator serving Southern European enterprise and public-sector clients.
- SoftOne: Greek Microsoft-based ERP and CRM solutions provider for SMB and mid-market. Comparable as a regional Microsoft partner implementing Dynamics 365, SharePoint, and cloud solutions across Southern European enterprise clients.
Broad incumbents
- Thales: Global technology vendor whose nShield and PayShield HSMs HS Data resells and deploys for Cypriot banks. Comparable on the payment hardware security layer that anchors HS Data's banking vertical, though Thales is the upstream manufacturer rather than local SI.
- Stefanini: Global IT services and consulting company with significant Microsoft partnership and banking-sector delivery. Comparable business model of Microsoft-led integration, application development, and managed services for enterprise and financial clients.
- Devoteam: European IT consulting firm with a strong Microsoft-focused practice across cloud, workplace, and security. Comparable to HS Data as a Microsoft Gold Partner systems integrator serving mid-market and enterprise clients, but at vastly larger European scale.
- Infosys: Global IT services firm with Microsoft partnership, Finacle banking platform, and major European delivery footprint. Comparable on Microsoft-led enterprise integration and banking solutions delivery, but at much larger scale.
- Capgemini: Global IT services giant with a dedicated Microsoft business and broad banking/financial services practice. Comparable on systems integration, Microsoft ecosystem implementation, and banking vertical focus, though at global scale versus HS Data's local Cyprus presence.
- Avanade: Joint Accenture-Microsoft consultancy specializing in the Microsoft ecosystem (Azure, Dynamics 365, M365, Copilot). Directly comparable on the technology stack HS Data sells and implements, but operates globally with thousands of consultants.
- Fiserv: Global financial services technology vendor whose FCRM AML Manager HS Data resells and implements. Comparable through the banking compliance/AML product line that HS Data deploys for Cypriot banks, though Fiserv operates as the upstream vendor and HS Data as the local implementer.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
HS Data social profiles
Digital presenceHS Data financial estimates
Financial estimateRevenue estimate
Valuation estimate
HS Data leadership team
Management profileNumber of profiles
Profiles1 record
HS Data funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HS Data 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 HS Data
What does HS Data do?
HS Data is a Cyprus-based IT solutions integrator and managed services provider delivering consulting, custom software development, and infrastructure services built primarily on Microsoft technologies. The company serves banks, government and semi-government entities, enterprises, and the education sector with a focus on banking and payment systems, including its proprietary Fastflow BPM workflow automation platform.
Is HS Data a public or private company?
HS Data is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was HS Data founded?
HS Data was founded in 1994. It employs 11 to 50 people.
Where is HS Data based?
HS Data is headquartered in Strovolos, Cyprus, in the Europe region.
How does HS Data make money?
Five revenue lines are on record. IT Consulting and Advisory Services are the primary driver. The others are software Development and Customization, microsoft Licensing and Products, technical Support and Managed Services and infrastructure Services.
Who are HS Data's main competitors?
Regional players on record are Cosmos Business Systems, SingularLogic and SoftOne. Broad incumbents are Thales, Stefanini, Devoteam, Infosys, Capgemini, Avanade and Fiserv.
Does HS Data have an API?
No public API is recorded for HS Data.
What industry is HS Data in?
HS Data's product category is IT Consulting and Managed Services. Its primary akta.pro industry code is BPAEAGAJ, Enterprise Application Data Migration & Master Data Management Services, with a secondary code of HDAEAEAJ, Human Capital Management (HCM) & Payroll Platforms. Its NAICS code is 54151 and its SIC code is 7370.