What M&F Engineering AG does

Cudos AG (legal name; doing business as "Cudos") is a Swiss custom software engineering firm headquartered in Zürich with a second office in Chur. The company delivers bespoke software across embedded systems, cloud, mobile/hybrid applications, and data/AI, targeting Swiss enterprise and mid-market clients with particular depth in industrial and manufacturing use cases — including production digitization and OT vulnerability management. Its service portfolio spans individual software engineering, software audits, requirements engineering, business-process digitization, software modernization, and a dedicated AI suite covering consulting, training, chatbots, and EU AI Act compliance. The firm operates multiple collaboration formats — Beratung (consulting), Managed Teams, Agiler Festpreis (agile fixed-price), Projekt (project), Rent-an-Engineer, and Wartung und Support (maintenance) — sold via a sales-led, consultative go-to-market supported by a German-language website, LinkedIn, YouTube, and an email newsletter.

Underlying technology and delivery center on applied software engineering across mainstream stacks (C# / C++ for industrial/embedded work, cloud and full-stack web, mobile/hybrid). The most distinctive technical asset is the Cudos Trail cross-company training program, which rotates junior engineers across multiple Swiss firms to build production experience; the program feeds both Cudos's own hiring and an external Cudos Trail Partner-Netzwerk. The company is a member of Swiss Made Software and lists Next Industries and allink (brand/design) among its partners. Revenue mechanics are professional services: quote-based, project- and team-based engagements with multi-year contract cadences for some arrangements. The CEO is Reto Bättig. Disclosure of financial KPIs (revenue, growth, headcount) is limited, but five open engineering roles and recent thought-leadership publishing in June 2026 indicate ongoing investment in capacity and industrial/OT specialization.

Name

M&F Engineering AG

Legal name

Cudos AG

Website

https://m-f.ch

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Short description

Cudos AG is a Swiss custom software engineering firm in Zürich that builds embedded, cloud, mobile, and AI solutions for Swiss enterprise and mid-market clients, with particular depth in industrial and manufacturing software.

Ownership category

akta.pro rank

Product category

Custom Software Engineering Services

NAICS

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

SIC

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

akta.pro primary industry

ERP, CRM & Enterprise Applications Consulting (BPAHAEAI)

akta.pro secondary industries

Application Maintenance & Support (AMS) (BPAEAFAC), Product Lifecycle, NPI & Industrialization (Design-to-Operate) (BPAHAHAK)

Keywords

• Custom software engineering
• Digital transformation consulting
• Embedded software development
• AI consulting services
• Cloud software engineering

Headquarters

HQ city

Cheonan

HQ country

South Korea

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Software Engineering Services: Custom software engineering services including individual development, cloud engineering, embedded systems, mobile apps, and digital transformation consulting. Revenue generated through various collaboration models including managed teams, project-based engagements, rent-an-engineer, and agile fixed-price arrangements.
2. Consulting Services: Advisory services including software audit, requirements engineering, business process digitization, and AI consulting. Provided through consultation and managed team arrangements.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

M&F Engineering AG (operating as Cudos AG) is a Swiss custom software engineering firm that enables companies to develop better products, optimize processes, and access new markets through digital solutions. It delivers a comprehensive portfolio including individual software engineering, software audits, requirements engineering, cloud and embedded software engineering, mobile/hybrid apps, business process digitization, production digitalization, software modernization, and AI consulting, training, chatbots, and EU AI Act compliance. Services are delivered through flexible engagement models such as managed teams, rent-an-engineer, project-based, agile fixed-price, and maintenance/support.

Product overview

Cudos is a Swiss software engineering company offering a comprehensive portfolio of services organized around custom software development, digital transformation, and AI solutions. The core offerings include Individual Software Engineering, Software Audit, Requirements Engineering, Data und AI, Digitalisierung in der Produktion, Geschäftsprozesse digitalisieren, Software Modernisierung, Cloud Software Engineering, Embedded Software Engineering, and Mobile und Hybrid Apps. AI-related services comprise KI Beratung, KI Schulung, EU AI Act compliance, and KI Chatbots für Unternehmen. These services are delivered through flexible collaboration models including Beratung, Managed Teams, Agiler Festpreis, Projekt, Rent-an-Engineer, and Wartung und Support. The company also operates Cudos Trail, a cross-company training program for junior software engineers.

Differentiator

Problem solved

Functional benefit

Brands

• Cudos Trail: Cross-Company-Programm für Junior Software Engineers - a junior software engineer program for university graduates with initial software experience.

Products and services

• Individual Software Engineering Tailored custom software development services for businesses requiring bespoke digital solutions. Targeted at Swiss enterprises and mid-market companies seeking to digitize products and processes.
• Software Audit Diagnostic consulting engagement that identifies digitalization potentials quickly and cost-effectively for businesses. Used as an entry-point advisory service for companies starting digital transformation initiatives.
• Requirements Engineering Service for capturing, analyzing, and specifying software requirements as a foundation for custom development projects. Targeted at companies needing structured specification work before or alongside development.
• Data and AI Solutions Custom data engineering and artificial intelligence solution development for businesses seeking to leverage data and AI capabilities.
• Production Digitalization Software engineering service focused on digitizing industrial and production environments, including OT (operational technology) vulnerability management. Targeted at industrial and manufacturing sector companies.
• Business Process Digitalization Service that digitizes and optimizes business processes for greater efficiency. Targeted at companies seeking operational improvements through process digitalization.
• Software Modernization Service for modernizing and upgrading legacy software systems. Targeted at companies operating outdated technology stacks needing migration or refactoring.
• Cloud Software Engineering Custom cloud software engineering and cloud migration services for businesses seeking cloud-native solutions or transitions to cloud infrastructure.
• Embedded Software Engineering Specialized software development for embedded systems and industrial hardware-software integration. Targeted at industrial clients needing firmware, device, or hardware-integrated software.
• Mobile and Hybrid Apps

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Cudos Trail Partner-NetzwerkcoreStrategic or Co-development PartnerCross-company program network where partner companies receive qualified junior software engineers from the Cudos Trail training program. Partner companies gain access to motivated junior talent with real-world experience gained during the multi-company rotation program.
• Swiss Made SoftwareminorOthersMember of Swiss Made Software organization, indicating commitment to Swiss software engineering standards and quality.
• Next IndustriesminorOthersPartnership with Next Industries organization, likely focused on industrial sector collaboration.
• allinkminorImplementation/ SI/ Consulting PartnerBrand and design partner responsible for Cudos company branding and design work.

Scale indicators1 record

Recent moves5 records

Expansion highlights6 records

Direct peers

• ELCA Informatique: Swiss IT services firm providing software engineering, application management, and consulting to large Swiss and international enterprises. Comparable in services portfolio, scale, and Swiss enterprise focus.
• AdNovum: Zürich-based custom software engineering firm specializing in secure enterprise and identity software for Swiss banks, government, and industry. Same model of project-based and managed engineering services out of Switzerland.
• mimacom: Swiss-founded digital solutions and software engineering consultancy with European presence, offering custom development, cloud, and platform engineering. Same custom-engineering model originating in Switzerland.
• bbv Software Services: Swiss software services firm with offices across Switzerland offering custom software development, embedded, and consulting services. Closely comparable in service mix and Swiss SME-to-enterprise customer base.
• Zühlke Group: Swiss-founded technology and engineering services firm offering custom software development, digital transformation, and regulated-industry solutions across DACH and globally. Closely comparable in service breadth, Swiss base, and engineering-led model.
• Netcetera: Swiss software company providing custom software, digital solutions, and payment/security software to enterprises and public sector. Comparable as a mid-sized Swiss software engineering and product/services firm.
• Ti&m (Technology, Innovation & Management): Swiss digital transformation and software engineering consultancy with offices across Switzerland, serving banks, insurance, and industrial clients. Directly comparable in custom software, embedded, and digitalization offerings.
• Ergon Informatik: Zürich-based Swiss software engineering company delivering custom software and agile development for banks, insurance, and industry. Same Swiss-rooted custom engineering model with comparable size and customer profile.

Broad incumbents

• Accenture Switzerland: Global professional services firm with a large Swiss practice covering technology consulting, custom development, AI, and digital transformation. Competes with Cudos for many of the same Swiss enterprise mandates but at much larger scale.
• Swisscom (Digital Business): Dominant Swiss telecom and IT services provider with a substantial digital solutions and software engineering arm serving Swiss enterprises. Broad incumbent that overlaps with Cudos on enterprise digital transformation.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks1 record

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UC8ILI7TuONpwKfpax1n39Gw
• LinkedInlinkedin.com/company/cudos-ag

Compliance1 record

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 M&F Engineering AG