What Forem Software does

Forem Software is a London-headquartered private B2B software development company founded in 2006 that specializes in recruitment platforms, custom software solutions, and digital solutions. It serves enterprise clients across healthcare, fintech, staffing, and e-commerce, with delivery operations supported from India. The firm is led by CEO Mahantesh Patil and operates as a wholly-owned subsidiary of Forem Innovations Private Limited following a December 2024 ownership consolidation.

The company builds custom software and digital platforms for enterprise clients, with recruitment platforms called out as a stated specialty alongside broader digital solution work. Its delivery model pairs London-based client engagement with India-based engineering execution, an offshore-onshore structure that supports round-the-clock development and cost arbitrage. The firm positions nearly two decades of combined team experience as its primary differentiator; no proprietary models, patents, or productized IP are disclosed in the available material.

Forem Software generates revenue through direct enterprise sales of custom software development services and recruitment-platform builds. Its go-to-market targets enterprise buyers across four verticals — healthcare, fintech, staffing, and e-commerce — implying a services-led rather than product-led revenue mix. The December 2024 transition to a wholly-owned subsidiary of Forem Innovations Private Limited indicates the business is now part of a broader group structure, the strategic implications of which are not yet disclosed.

Name

Forem Software

Legal name

Forem Software

Website

https://foremsoft.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Forem Software is a London-headquartered B2B software development firm founded in 2006 that builds recruitment platforms and custom digital solutions for enterprise clients in healthcare, fintech, staffing, and e-commerce, with delivery supported from India.

Ownership category

akta.pro rank

Headquarters

HQ city

Hubli

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Custom Software Development Services: The company generates revenue through delivering custom software solutions tailored to business client needs across various industries.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Forem Software is a software development company that delivers custom software solutions, recruitment platforms, and digital transformation services to enterprise clients. The company builds tailored applications and recruitment process automation tools for organizations across healthcare, fintech, staffing, and e-commerce industries, operating primarily as a professional services software development firm.

Product overview

Forem Software operates as a software development company specializing in three core product areas: Recruitment Platforms (for managing hiring processes), Custom Software Solutions (bespoke application development), and Digital Solutions (digital transformation services). These products are delivered both independently and as part of a comprehensive suite, with the company now leveraging expanded resources and capabilities as a subsidiary of Forem Innovations Private Limited to serve clients across healthcare, fintech, staffing, and e-commerce industries.

Differentiator

Problem solved

Functional benefit

Segments4 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Forem Innovations Private LimitedcoreStrategic or Co-development Partner · 1 December 2024Forem Software became a wholly-owned subsidiary of Forem Innovations Private Limited in December 2024. This strategic move strengthens Forem Innovations' position as a premier provider of software and technology solutions. The integration enables expanded service offerings, advanced technologies, and tailored solutions addressing evolving client needs across global markets. Forem Software continues to operate while gaining access to expanded resources and capabilities.

Scale indicators2 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Iflexion: Custom software development and digital solutions company with delivery centers in Eastern Europe serving enterprise clients globally. Comparable to Forem Software in custom application development services, vertical breadth, and offshore-led delivery model.
• Net Solutions: Custom software development firm offering bespoke application development and digital transformation services to enterprise clients globally. Directly comparable to Forem Software in service portfolio, B2B enterprise delivery model, and India-rooted global delivery footprint.
• Hidden Brains: Custom software development and digital solutions company with global delivery capabilities serving enterprise clients. Directly comparable to Forem Software in offering custom software, web/mobile development, and digital transformation to similar B2B customer segments.
• Fingent: Custom software and digital solutions provider serving enterprises across industries including healthcare, fintech, and e-commerce. Comparable to Forem Software in scope of custom development services, vertical breadth, and offshore-onshore delivery model.

Broad incumbents

• Globant: Large-scale digital transformation and custom software services firm operating globally. Comparable to Forem Software in digital solutions and custom software delivery, but with established global brand, deeper enterprise footprint, and broader service portfolio.
• Persistent Systems: Mid-to-large IT services company offering custom software development and digital transformation to enterprises in financial services, healthcare, and other verticals. Comparable to Forem Software in custom development and vertical coverage, but with significantly larger scale and broader capabilities.
• Infosys: Global IT services and custom software development giant serving enterprises across healthcare, financial services, and other verticals. Operates in the same custom software and digital transformation space as Forem Software, but at vastly larger scale and broader portfolio scope.
• Cognizant: Global IT services and digital transformation company with extensive custom development capabilities for healthcare, financial services, and other enterprise verticals. Comparable to Forem Software in custom software and digital services, though serving much larger enterprise clients at greater scale.

Emerging players

• Greenhouse Software: Recruitment and applicant tracking platform provider serving enterprise and mid-market hiring teams. Comparable to Forem Software's recruitment platform product, but as a specialized software vendor rather than a custom development services firm.
• iCIMS: Leading recruitment platform provider offering talent acquisition software for enterprise hiring. Comparable to Forem Software's recruitment platform product line as a specialized competitor in the same category, though iCIMS is a product-led incumbent versus Forem's service-delivered offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/foremsoft
• Facebookfacebook.com/foremsoft

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Forem Software