Principal Engineering
Principal Engineering is a Czech IT services firm offering application development, data management, AI and automation, system integration, consulting, and outsourcing to enterprise clients in finance, utilities, telecom, public administration, and industry across Europe and North America.
- Company typePrivate
- Founded2003
- HeadquartersPrague, Czechia
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Principal Engineering does
Principal Engineering s.r.o. is a privately held Czech IT services company founded in 2003, headquartered in Prague with operations in Bratislava, operating under the holding structure of PRINCIPAL GROUP SE. The firm delivers turnkey projects, system integration, application development, consulting, HR services (bodyshopping, permanent placement, outsourcing), data management, AI and automation, and Microsoft/cloud services to enterprise clients across finance, utilities, industry, public administration, and telecommunications. Customer evidence includes Česká spořitelna, Škoda, O2, ÚZIS, Nova, Manpower, Prague Airport, 2N, Gasnet, and Allwyn, with over 150 active clients served. The company is staffed by 575 internal professionals and draws on a broader network of nearly 8,000 IT experts, enabling nearshore/offshore delivery across Europe and North America and supporting commercial representation in the United States, Canada, and Germany.
The product portfolio balances platform assets and add-on modules: core products include the PRINCIPAL Telemedicine digital healthcare platform and the PRINCIPAL Telco IoT platform; complementary modules include Migration Tool 2.0 SXA (Sitecore data migration), SharePoint intranet, and Joomla! intranet solutions. Proprietary platforms are reinforced by an IP stack of five ISO certifications (9001:2015, 27001:2013, 14001:2015, 20000-1:2018, and 10006:2017) that lower procurement friction in regulated tenders. AI capability surfaces as on-premise AI solutions, AI in consulting, and AI-augmented QA/testing, plus data management products spanning Data Governance, Data Lakehouse, Data Lake, Data Warehouse, Data Hub, and Business Glossary/Data Dictionary.
Revenue is generated primarily through professional services (consulting, application development, HR staffing, AI and data services) with managed-services-style outsourcing layered on top. Pricing is quote-based against multi-year enterprise contracts with no publicly disclosed tiers. In 2025 the firm reported turnover of €41 million (approximately USD 50 million at consolidated level) with year-on-year growth above 25%, supporting a sales-led GTM motion focused on enterprise field sales. The marketing mix combines content (case studies, blog), organic social (LinkedIn, Facebook, Instagram), and a Microsoft partner-led channel expanded through Cloud Solution Provider status in the United States.
Principal Engineering firmographics
Firmographics- Name
- Principal Engineering
- Legal name
- Principal engineering s.r.o.
- Website
- https://principal.cz
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Principal Engineering is a Czech IT services firm offering application development, data management, AI and automation, system integration, consulting, and outsourcing to enterprise clients in finance, utilities, telecom, public administration, and industry across Europe and North America.
- Ownership category
- akta.pro rank
Principal Engineering industry classification
Industry- Product category
- IT Services
- NAICS
- Management, Scientific, and Technical Consulting Services (5416), Professional, Scientific, and Technical Services (54), Computer Facilities Management Services (541513)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Programming Services (7371), Services-Computer Processing & Data Preparation (7374)
- akta.pro primary industry
- IT & Software Engineering Staffing (BPACADAA)
- akta.pro secondary industries
- IT Asset Discovery, Inventory & CMDB Services (BPAEAOAE), ITSM Platform Implementation & Administration (ServiceNow/JSM/BMC/etc.) (BPAEAJAC)
Keywords
Where Principal Engineering is headquartered
LocationHeadquarters
- HQ city
- Prague
- HQ country
- Czechia
- HQ region
- Europe
Offices2 records
Markets served
Principal Engineering business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Application Development Services: Web application development, software testing, and custom software creation
- HR Services: Bodyshopping, permanent placement, and outsourcing of IT specialists
- AI & Automation Services: On-premise AI solutions and AI integration in consulting, QA and testing
- Data Management Services: Data governance, lakehouse, warehouse, integration, and migration services
- Consulting Services: Business and process consulting, licence management, digital transformation strategy
- System Integration: IT infrastructure integration from analysis to optimal solution design
- Outsourcing: Building comprehensive IT teams or providing expertise through nearshore/offshore centers
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Quote-based / Not publicly disclosed - enterprise services tailored to client requirements |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Principal Engineering product offering
Product offeringCore offering
Principal Engineering delivers IT services and business solutions including application development, software testing, AI and automation, data management, Microsoft and cloud services, and business and process consulting. The firm builds comprehensive IT teams through outsourcing, bodyshopping, and permanent placement, and supplements services with proprietary products such as PRINCIPAL Telemedicine, PRINCIPAL Telco platform, and Migration Tool 2.0 SXA. It serves clients across finance, utilities, industry, public administration, and telecommunications in Europe and North America.
Product overview
Principal Engineering offers a portfolio of specialized technology products alongside comprehensive IT services. The product suite includes core platforms—PRINCIPAL Telemedicine for digital healthcare delivery and PRINCIPAL Telco platform for IoT and telecommunications infrastructure—along with complementary modules including Migration Tool 2.0 SXA for Sitecore data migration, and intranet solutions built on SharePoint and Joomla!. The company provides associated services including AI & automation (on-premise AI solutions, AI in consulting/QA/testing), data management (Data Governance, Data Lakehouse, Data Lake, Data Warehouse, Data Hub), Microsoft and cloud services, application development, HR services, and business and process consulting. The company operates across Europe and North America with approximately 575 experts serving over 150 clients.
Differentiator
Problem solved
Functional benefit
Brands
- Migration Tool 2.0 SXA: Data migration solution product
- PRINCIPAL Telemedicine
- PRINCIPAL Telco platform
- Test Camp Academy
Products and services
- Turnkey IT projects End-to-end design, development, quality assurance, implementation, and post-launch support of IT solutions aligned to client business goals, delivered as a single engagement.
- System integration Analysis, design, and integration of IT infrastructure and software solutions to align technology with client business priorities.
- Business and process consulting Consulting on digital transformation strategy, process efficiency, and licence management to help clients reduce IT infrastructure cost and improve competitiveness.
- IT outsourcing Build-out of comprehensive IT teams or provision of specific IT expertise through nearshore or offshore delivery centres across Europe and North America.
- Application development Creation of custom web applications, websites, and software testing services for enterprise clients.
- HR services Bodyshopping, permanent placement, and outsourcing of IT specialists to enterprise clients across markets.
- AI and automation services Deployment of on-premise AI solutions and integration of AI into consulting, quality assurance, and testing workflows to support automation within client infrastructure.
- Data management services Data governance, data lakehouse, data lake, data warehouse, business glossary and data dictionary, data hub, data integration, and data migration services for enterprise clients.
- Microsoft and cloud services Implementation and licence management for Microsoft cloud technologies, including Microsoft Dynamics CRM, with Cloud Solution Provider coverage in the United States.
- PRINCIPAL Telemedicine Proprietary telemedicine platform providing digital healthcare solutions for remote patient consultations and healthcare delivery in the public and private health sectors.
- PRINCIPAL Telco platform Proprietary IoT and telecommunications platform enabling infrastructure management and connectivity solutions for telco operators.
- Migration Tool 2.0 SXA Proprietary data migration tool for Sitecore Experience Accelerator environments, enabling content and data transitions between SXA platforms.
- SharePoint intranet Intranet solution built on Microsoft SharePoint for enterprise collaboration and internal communications.
- Joomla! intranet Intranet solution built on the Joomla! content management system for enterprise collaboration and internal communications.
Quantifiable outcome
- Over 25% year-on-year revenue growth
- +1 more outcomes
Companies that use Principal Engineering
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles5 records
Principal Engineering technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature5 records
Principal Engineering partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- MicrosoftcorePrincipal Engineering has become a Cloud Solution Provider for the United States, expanding their Microsoft portfolio in the North American market. They cover customer requirements for Microsoft licenses as well as related technology implementations.
- PRINCIPAL GROUP SEcorePrincipal Engineering is a Czech-owned technology company and part of PRINCIPAL GROUP SE, operating as the core technology services division of the group.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Principal Engineering competitors and assessment
Company assessmentDirect peers
- EPAM Systems: Eastern European-origin IT services firm combining engineering talent outsourcing with custom software development, data, and cloud services for global enterprise clients. Same CEE delivery model and similar bodyshopping-to-product-services mix as Principal.
- Ness Czech s.r.o. Czech-headquartered IT services firm with similar portfolio of custom software development, system integration, and IT outsourcing across banking, telecom, and public sector. Comparable scale and Central European delivery model make it the most direct peer to Principal Engineering.
- Adastra s.r.o. Czech data management and consulting firm specializing in data warehouse, data integration, governance, and BI consulting. Highly comparable to Principal's data management revenue stream and overlapping banking/insurance customer base.
- SoftServe: Ukrainian-origin IT services company with deep CEE engineering talent network delivering custom software, data, and digital transformation to enterprise clients in finance, healthcare, and retail. Operates a near-identical Central/Eastern European engineering-staffing-plus-services business model.
- Avanade: Joint venture between Accenture and Microsoft focused exclusively on Microsoft ecosystem services (Dynamics, Azure, Microsoft 365). Directly comparable to Principal on Microsoft services capabilities and is the natural benchmark for Principal's expanded Microsoft CSP practice in North America.
- Unicorn a.s. Czech IT services company offering application development, system integration, and managed services to enterprise clients in banking, public administration, and utilities. Same domestic market and similar vertical specialization as Principal Engineering.
- Cleverlance s.r.o. Czech IT services and consulting firm delivering custom development, data, and cloud solutions to enterprise clients, including banking and insurance verticals. Directly comparable in size, geography, and service mix.
- Profinit EU s.r.o. Czech consulting firm focused on data analytics, AI, and Microsoft-based enterprise solutions for banking and insurance in CEE. Similar Microsoft partnership profile and AI/data services emphasis overlaps directly with Principal's growth priorities.
Broad incumbents
- CGI Group: Large North-American-headquartered IT and business consulting firm with deep European presence across banking, utilities, telecom, and public sector. Comparable end markets and IT services portfolio, though substantially larger and broader than Principal.
Regional players
- Tietoevry: Northern European IT services and software firm serving banking, public sector, and industry with application development, system integration, and managed services. Operates in adjacent geography with similar vertical focus to Principal's regulated-industry emphasis.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Principal Engineering social profiles
Digital presencePrincipal Engineering compliance and trust
Trust signalCompliance5 records
Principal Engineering financial estimates
Financial estimateRevenue estimate
Valuation estimate
Principal Engineering leadership team
Management profileNumber of profiles
Profiles3 records
Principal Engineering subsidiaries and ownership
Company hierarchySubsidiaries1 record
Principal Engineering funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Principal Engineering M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Principal Engineering
What does Principal Engineering do?
Principal Engineering delivers IT services and business solutions including application development, software testing, AI and automation, data management, Microsoft and cloud services, and business and process consulting. The firm builds comprehensive IT teams through outsourcing, bodyshopping, and permanent placement, and supplements services with proprietary products such as PRINCIPAL Telemedicine, PRINCIPAL Telco platform, and Migration Tool 2.0 SXA. It serves clients across finance, utilities, industry, public administration, and telecommunications in Europe and North America.
Is Principal Engineering a public or private company?
Principal Engineering is a private company. It is classified as corporate owned and is currently operating.
When was Principal Engineering founded?
Principal Engineering was founded in 2003. It employs 251 to 500 people.
Where is Principal Engineering based?
Principal Engineering is headquartered in Prague, Czechia, in the Europe region.
How does Principal Engineering make money?
Seven revenue lines are on record. Application Development Services are the primary driver. The others are HR Services, AI & Automation Services, data Management Services, consulting Services, system Integration and outsourcing.
Who are Principal Engineering's main competitors?
Direct peers on record are EPAM Systems, Ness Czech s.r.o., Adastra s.r.o., SoftServe, Avanade, Unicorn a.s., Cleverlance s.r.o. and Profinit EU s.r.o.. CGI Group is listed as a broad incumbent. Tietoevry is listed as a regional player.
Does Principal Engineering have an API?
No public API is recorded for Principal Engineering.
What industry is Principal Engineering in?
Principal Engineering's product category is IT Services. Its primary akta.pro industry code is BPACADAA, IT & Software Engineering Staffing, with a secondary code of BPAEAOAE, IT Asset Discovery, Inventory & CMDB Services. Its NAICS code is 5416 and its SIC code is 7370.