The iWay Group
The iWay Group is a US-based, privately held IT services firm offering AI consultancy, application management, contingent workforce, and testing services to enterprise and government clients across healthcare, financial services, telecom, and transportation verticals, supplemented by Covid-era AI health/safety hardware and mobile products.
- Company typePrivate
- Founded2009
- HeadquartersNaperville, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What The iWay Group does
The iWay Group Inc is a privately held business technology services firm headquartered in Naperville, Illinois, founded in 2009 with 11-50 employees. The company operates two intertwined lines of business. The first is a professional services practice offering AI consultancy, application management services, contingent workforce solutions, and software testing, delivered through IT consultants with domain expertise in legacy and emerging stacks including BPM, Oracle EBS, medical claims adjudication (X12, 837, EDI), wireless/5ESS/Amdocs, CAN, IoT, and AI. Its clients span Financial Services, Healthcare, Local Government, Non-Profit, Telecommunication, and Transportation, including a Fortune 500 transportation customer; all logos are unnamed and pricing is quote-based, indicating an enterprise sales model with multi-year engagements.
The second line is a small proprietary product portfolio developed during the Covid-19 pandemic, comprising two contact-free IR thermometers (GP-100 and F-105) and two AI-powered mobile applications — the AI Social Distance People Counter and the AI Wash-Hands Voice Reminder — that apply machine learning and computer vision to occupancy monitoring and hygiene compliance. The firm is certified by the City of Chicago and the State of Illinois, has no disclosed external funding, no parent company, no patents, and no M&A activity on record. Its go-to-market is direct enterprise engagement with a website-driven quote funnel, and its operating footprint is concentrated in the US Midwest.
The iWay Group firmographics
Firmographics- Name
- The iWay Group
- Legal name
- The iWay Group Inc
- Website
- https://iway-group.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- The iWay Group is a US-based, privately held IT services firm offering AI consultancy, application management, contingent workforce, and testing services to enterprise and government clients across healthcare, financial services, telecom, and transportation verticals, supplemented by Covid-era AI health/safety hardware and mobile products.
- Ownership category
- akta.pro rank
The iWay Group industry classification
Industry- Product category
- IT Consulting & Technology Services
- akta.pro primary industry
- Application Maintenance & Support (AMS) (BPAEAFAC)
- akta.pro secondary industry
- Workplace Technology & Smart Office Support (Room Booking Systems, IT/AV Liaison) (IMAIALAK)
Keywords
Where The iWay Group is headquartered
LocationHeadquarters
- HQ city
- Naperville
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
The iWay Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Supply Chain
Revenue model
- IT Consulting & Professional Services: Revenue from AI consultancy, application management services, contingent workforce solutions, and software testing services. The company provides IT experts for project managers to developers, delivered in-house or remotely with flexible delivery model.
- Hardware Product Sales: Revenue from sale of IR thermometers (GP-100 and F-105 models) and AI-powered health/safety products for enterprise and consumer use.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Quote-based pricing for enterprise clients |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels2 records
The iWay Group product offering
Product offeringCore offering
The iWay Group is a privately held business technology services firm that delivers IT consulting, Artificial Intelligence consultancy, Application Management Services, Contingent Workforce Solutions, and software Testing to enterprise clients. It also sells health and safety hardware products (IR thermometers) and AI-powered mobile applications (Social Distance People Counter and Wash-Hands Voice Reminder) designed to help communities and businesses respond to COVID-19.
Product overview
The iWay Group offers a portfolio of health and safety technology products including two infrared thermometer models (GP-100 and F-105) for contact-free temperature screening, and two AI-powered mobile applications (Social Distance People Counter and Wash-Hands Voice Reminder) that use Machine Learning and Computer Vision to address Covid-19 health guidelines. In addition to products, iWay provides technology consulting services including Artificial Intelligence consultancy, Application Management Services, Contingent Workforce Solutions, and Testing services across industries including Financial Services, Healthcare, Local Government, Non-Profit, Telecommunication, and Transportation.
Differentiator
Problem solved
Functional benefit
Products and services
- iWay GP-100 IR Thermometer A child-friendly, contact-free infrared thermometer designed to quickly and safely detect elevated body temperature during the COVID-19 pandemic. Features distance scanning up to 4 inches (100mm), instant results in under 1 second, precision sensor accuracy within ±0.4°F (±0.2°C), 14°F–104°F range, 999-reading memory, and USB power supply in a compact 4.33x3.5x0.90 in form factor. Sold to enterprise and consumer buyers via quote request.
- iWay F-105 IR Thermometer A contact-free infrared thermometer for measuring body temperature at building entries, supermarkets, or vehicles. Features distance scanning up to 7.9 inches (200mm), operates on 3 AAA batteries, and stores up to 32 temperature readings. Sold via quote request to enterprise and consumer buyers.
- AI Social Distance People Counter An AI mobile application that uses Machine Learning and Computer Vision to anonymously count people entering and exiting buildings in real time. Helps building managers and employees ensure social distancing compliance by accurately monitoring building capacity limits with visual warnings and alerts when occupancy thresholds are approached or exceeded. All captured images are de-identified and not saved or distributed.
- AI Wash-Hands Voice Reminder An AI mobile application that uses Machine Learning, Computer Vision, and Mobile phone technology to identify people returning from outside and remind them to wash their hands via voice alerts and mobile notifications. Tracks entrances and unique visitors in real time.
- Artificial Intelligence Consultancy A specialized consultancy service focused on Artificial Intelligence and new product development, leveraging Machine Learning, Image Processing, Robotic Process Automation (RPA), and Optical Character Recognition (OCR) for enterprise clients.
- Application Management Services A strategic partnership service for application maintenance, software performance improvement, and cost reduction. Uses DevOps, Agile, and Cloud-based service management to manage new and legacy applications for enterprise clients.
- Contingent Workforce Solutions A flexible staff augmentation offering that places IT experts with enterprise clients, ranging from project managers to developers. Resources can be delivered in-house or remotely with a flexible delivery model.
- Software Testing Services A software testing service offered as part of iWay's IT services portfolio for enterprise clients, complementing its AI consultancy, Application Management Services, and Contingent Workforce Solutions.
Companies that use The iWay Group
Customer profileNamed customers6 records
Segments7 records
Ideal customer profiles6 records
The iWay Group technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature6 records
The iWay Group partnerships and signals
Strategic signalScale indicators2 records
Expansion highlights4 records
The iWay Group competitors and assessment
Company assessmentBroad incumbents
- Infosys: Global IT services and consulting giant offering application management, AI/automation, and digital transformation — directly comparable to iWay's core Application Management Services and AI Consultancy lines, but at vastly greater scale.
- HCL Technologies: Large IT services firm with strong application management, infrastructure, and digital transformation capabilities — competes for the same Application Management Services and modernization engagements iWay targets.
- Wipro: Global IT services and consulting firm providing application management, AI, and industry-specific solutions across financial services, healthcare, and consumer business — comparable service portfolio and vertical mix to iWay.
- Tata Consultancy Services (TCS): One of the world's largest IT services firms with a strong Application Management Services practice and AI/digital offerings spanning banking, healthcare, telecom, and government — matches iWay's enterprise IT services positioning at scale.
- Accenture: Global professional services leader with major Application Management, AI, and digital transformation practices serving Fortune 500 clients across all of iWay's verticals — a broad incumbent benchmark for the same service mix.
- Genpact: Digital transformation and IT services firm with deep presence in financial services, healthcare, and telecom — overlaps with iWay's application management and AI-enabled business process work.
- Cognizant: Large IT services firm with deep practice in application services, AI, and digital engineering across healthcare, financial services, and communications — overlapping the same verticals iWay serves (Healthcare, Financial Services, Telecom).
Direct peers
- Mphasis: Mid-sized IT services firm specializing in application services, cloud, and AI for banking, financial services, and healthcare — closely aligned in size, service mix, and vertical focus to iWay.
- SLK Group: Mid-sized, privately held IT services firm offering application management, digital, and AI services to banking, financial services, and insurance — similar size profile and boutique-IT positioning to iWay.
- Larsen & Toubro Infotech (LTIMindtree): IT services and solutions provider with strong application management, digital, and AI capabilities across financial services, healthcare, and manufacturing — comparable mid-to-large scale peer.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights5 records
Customer concentration
The iWay Group social profiles
Digital presenceThe iWay Group compliance and trust
Trust signalCompliance2 records
The iWay Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
The iWay Group leadership team
Management profileNumber of profiles
The iWay Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The iWay Group 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 The iWay Group
What does The iWay Group do?
The iWay Group is a privately held business technology services firm that delivers IT consulting, Artificial Intelligence consultancy, Application Management Services, Contingent Workforce Solutions, and software Testing to enterprise clients. It also sells health and safety hardware products (IR thermometers) and AI-powered mobile applications (Social Distance People Counter and Wash-Hands Voice Reminder) designed to help communities and businesses respond to COVID-19.
Is The iWay Group a public or private company?
The iWay Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was The iWay Group founded?
The iWay Group was founded in 2009. It employs 11 to 50 people.
Where is The iWay Group based?
The iWay Group is headquartered in Naperville, United States, in the North America region.
How does The iWay Group make money?
Two revenue lines are on record. IT Consulting & Professional Services are the primary driver. The others are hardware Product Sales.
Who are The iWay Group's main competitors?
Broad incumbents on record are Infosys, HCL Technologies, Wipro, Tata Consultancy Services (TCS), Accenture, Genpact and Cognizant. Direct peers are Mphasis, SLK Group and Larsen & Toubro Infotech (LTIMindtree).
Does The iWay Group have an API?
No public API is recorded for The iWay Group.
What industry is The iWay Group in?
The iWay Group's product category is IT Consulting & Technology Services. Its primary akta.pro industry code is BPAEAFAC, Application Maintenance & Support (AMS), with a secondary code of IMAIALAK, Workplace Technology & Smart Office Support (Room Booking Systems, IT/AV Liaison).