Midis

What Midis does

Midis (SIA 'Midis') is a Latvian IT services and software development company founded in 2010 and headquartered within the Rēzekne Special Economic Zone. The firm operates as a B2B provider of custom software, web and mobile application development, Odoo ERP implementation, AWS cloud migration, IT consulting, cybersecurity, and digital transformation services, serving SMBs and enterprises across transportation, financial services, manufacturing, energy, utilities, government, and technology verticals in Latvia with selected projects in Sweden and Denmark. The technical stack spans .NET, PHP, and Python on the backend; Angular, React, Vue.js, Express.js, and Nuxt.js on the frontend; and native plus cross-platform mobile development using Kotlin, Swift, Flutter, Java, and Objective-C. Notable institutional clients include Latvijas Banka, Latvian Railways (LDZ), Rīgas ūdens, Ecolines, Mikrotīkls, and the Latvian Company Register.

The business model is primarily professional services revenue from project-based custom development contracts, Odoo ERP implementation and customization engagements, staff/team augmentation subscriptions, and AWS consulting. Pricing is quote-based, with a disclosed example range of EUR 10K-50K for basic e-commerce builds and multi-year contracts for larger enterprise projects. The firm claims the number one Odoo Implementation Partner position in Latvia and holds AWS Consulting Partner status, and has accessed multiple EU/ERDF and Recovery and Resilience Facility co-financed grants through the Investment and Development Agency of Latvia and the Rēzekne SEZ Authority. Midis is a privately held SIA under Latvian law with no disclosed parent company, institutional investors, or external equity rounds, suggesting founder/management-controlled ownership supported by non-dilutive public funding. Applied AI work exists in the form of OpenCV-based computer vision solutions for industrial clients and Dialogflow-based chatbots, but these are integrated as project features rather than a differentiated core capability.

Name

Midis

Legal name

SIA "Midis" Rēzeknes speciālās ekonomiskās zonas

Website

https://midis.eu

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

51–100 employees

Short description

Midis is a Latvian IT services and software development firm providing custom software, Odoo ERP implementation, AWS cloud migration, and digital transformation services to SMBs, enterprises, and government clients primarily in Latvia with select Scandinavian projects.

Ownership category

akta.pro rank

Headquarters

HQ city

Rezekne

HQ country

Latvia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Custom Software Development: Bespoke software development services for web applications, mobile apps, and enterprise solutions. Revenue generated through project-based contracts with fixed pricing based on scope and complexity.
2. Odoo ERP Implementation: Odoo ERP system implementation, customization, and consulting services. Revenue from implementation fees, customization work, and ongoing support contracts.
3. Staff Augmentation: Team augmentation services providing dedicated software developers to clients. Flexible resource scaling based on client needs.
4. AWS Consulting: Cloud migration and consulting services for AWS infrastructure, including assessment, architecture design, and workload migration.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Midis is a B2B software development and IT services company that provides custom software product development, Odoo ERP system implementation (as the number one Odoo Implementation Partner in Latvia), web and mobile application development, staff augmentation, AWS cloud migration, IT consulting, and cybersecurity services. The company serves SMBs and enterprises primarily in Latvia with some Scandinavian market presence, delivering solutions iteratively using Agile Scrum methodology.

Product overview

Midot operates as a software development company and Odoo ERP implementation partner, offering a portfolio of services organized around enterprise software. The core offering centers on Odoo ERP System Implementation and Custom Software Development, supported by specialized services in Web Application Development, Mobile Application Development, IT Consulting, Cyber Security, and Business Digital Transformation. The product portfolio also includes sector-specific solutions such as Transportation and Logistics Software, Customer Portal Development, and AWS Cloud Migration services. Midot's technology practice areas span .NET, PHP, Python, Java, Angular, React, Vue.js, Flutter, and native mobile development (iOS/Android).

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Latvian Railways freight system handles over 200 million tons of freight annually with improved inspection and tracking
• +2 more outcomes

Named customers16 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature6 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Investment and Development Agency of Latvia (LIAA)minorOthers · 21 May 2024Multiple EU co-financed projects including: 'Training projects for employees of foreign investors' (contract no. 5.3-8-L-2023/11), 'International Competitiveness Promotion' (agreement No SKV-L-2016/789), 'Development of Innovative SME Entrepreneurship' (agreement No. 17.1-1-L-2024/255), and 'Support for the digitalization of business processes' (Agreement No. 17.2-5-L-2024/869).
• Rēzekne Special Economic Zone AuthorityminorOthers · 16 November 2023Multiple co-financing agreements for projects including: 'Installation of protective films on glass surfaces to improve energy efficiency' (agreement no. F-3/2023), 'Strengthening the Technological Capacity of SIA Midis RSEZ' (Financing Agreement No. F-3/2025), and 'Acquisition of Computer Equipment for Mobile Application Development' (funding agreement No. F2-7/2025).
• OdoocoreImplementation/ SI/ Consulting PartnerMidis is the number one Implementation services Partner in Latvia for Odoo ERP system. The partnership involves implementation, customization, and integration of Odoo ERP solutions for SMB and enterprise clients across various industries in Latvia.
• Amazon Web Services (AWS)coreTechnology or IntegrationAs AWS Consulting Partner, Midis helps organizations assess IT infrastructure, software, and applications, architect cloud solutions, and migrate workloads to AWS.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Smile (Open Source): Smile is a European digital services firm specialized in open-source CMS, ERP (Odoo), and e-commerce platforms with a similar SMB-to-enterprise implementation focus; comparable in service portfolio and use of open-source platform partnerships.
• Sigma Software: Sigma Software is a Ukrainian/Polish IT services firm with a comparable portfolio (custom software development, Odoo implementations, AWS cloud services) and similar origins in the post-Soviet/Eastern European IT services market as Midis.
• Brainvire: Brainvire is an IT services and Odoo ERP implementation partner offering custom web/mobile development, cloud services, and digital transformation consulting with a comparable mid-size services business model and staff augmentation offering.
• Itransition: Itransition is a custom software development and IT services company headquartered in Eastern Europe with similar custom web/mobile app development, ERP integration, and dedicated team offerings targeting mid-market and enterprise customers in similar verticals.
• ScienceSoft: ScienceSoft is a custom software development and IT consulting firm with a similar middleware (Java/.NET/Python), mobile, and enterprise integration portfolio targeting SMB and enterprise clients in transportation, manufacturing, and financial services.
• BelVG: BelVG is a long-standing Odoo implementation partner and e-commerce/custom development shop operating across Eastern Europe with similar service mix (Odoo ERP integration, custom web/mobile development) to Midis, making it the closest comparable mid-size boutique.

Broad incumbents

• Accenture: Accenture is the largest global IT services firm with extensive custom software, ERP, cloud, and digital transformation practices, representing a top-down incumbent that occasionally competes with Midis for large Baltic enterprise transformation projects.
• Odoo SA: Odoo SA is the global vendor of the Odoo ERP platform that Midis implements; relevant as a BROAD_INCUMBENT because it controls partner tiers, competes with partners on direct enterprise sales, and can influence Midis's go-to-market economics.
• Andersen: Andersen (formerly Andersen Lab) is a much larger Eastern European IT services provider with similar custom development, ERP, and cloud migration offerings, representing a scaled incumbent Midis could grow into or compete against for outsourced projects.
• Deloitte Digital: Deloitte Digital is a large global systems integrator offering enterprise ERP implementation (including Odoo-adjacent), cloud migration (AWS), and digital transformation services to enterprise clients in industries overlapping Midis's portfolio (financial services, transportation, government).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 Midis