Razum
Razum is a privately held Slovenian custom software development studio founded in 2005, delivering bespoke mobile, backend, IoT, and AI solutions to enterprise clients in banking, energy, manufacturing, and telecommunications across Central Europe.
- Company typePrivate
- Founded2005
- HeadquartersLjubljana, Slovenia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Razum does
Razum d.o.o. is a privately held Slovenian custom software development studio founded in 2005 and headquartered in Ljubljana. The company employs a team of developers, designers, QA engineers, and product owners and delivers bespoke digital products for enterprise clients across banking, energy/retail, home appliances/manufacturing, industrial test & measurement, and telecommunications. Its core delivery capabilities span Software Engineering (secure, scalable platforms and mobile applications), Enterprise Integrations (backend systems, AI-driven automation, IoT), and AI & Data Innovation (generative AI, computer vision, natural language processing, explainable AI, unsupervised learning).
The studio's flagship products include NLB Klik (mobile banking platform for Slovenia's largest bank, recognized as the best mobile bank in Slovenia), Petrol GO (in-car fuel payment and scan-and-pay mobile solution for Petrol stations), NLB Lease & Go/DoberAvto (vehicle trading platform), Gorenje/Hisense smart-home integrations delivered via ConnectLife, and the HBK Companion App for sensor and analytics data in automotive, aerospace, and consumer goods. The technology stack emphasizes next-generation mobile and backend platforms, AI/ML integration, and IoT connectivity, though the studio does not disclose proprietary models, patents, or research output.
Razum generates revenue through project-based, quote-priced professional services engagements with multi-year contract structures. The go-to-market is direct enterprise sales, supported by a portfolio of award-winning case studies (WEBSI, diggit, Metacritic #1 iOS game, Mobile Premier Awards nominee, EU NFC Competition winner). The company is independently owned with no disclosed institutional investors, funding rounds, or parent entity, and operates across DACH, the Balkans, and Central Europe from its single Ljubljana office.
Razum firmographics
Firmographics- Name
- Razum
- Legal name
- Razum d.o.o.
- Website
- https://razum.si
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Razum is a privately held Slovenian custom software development studio founded in 2005, delivering bespoke mobile, backend, IoT, and AI solutions to enterprise clients in banking, energy, manufacturing, and telecommunications across Central Europe.
- Ownership category
- akta.pro rank
Razum industry classification
Industry- Product category
- Custom Software Development Services
- NAICS
- Custom Computer Programming Services (541511), Computer Systems Design and Related Services (54151)
- SIC
- Services-Computer Programming Services (7371), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Remote Monitoring & Management (RMM) Services (BPAEABAA)
Keywords
Where Razum is headquartered
LocationHeadquarters
- HQ city
- Ljubljana
- HQ country
- Slovenia
- HQ region
- Europe
Offices1 record
Markets served
Razum business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Custom Software Development Services: Bespoke software development services for enterprise clients including mobile applications, backend systems, AI solutions, and enterprise integrations. Revenue is generated through project-based engagements with major Slovenian and international companies across banking, energy, manufacturing, and telecommunications sectors.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom enterprise solutions with project-based pricing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Razum product offering
Product offeringCore offering
Razum is a Slovenia-based research and development studio that designs, builds, and ships custom digital products for enterprise clients. Its core offerings include software engineering (secure, scalable platforms and mobile applications), enterprise integrations (backend systems, AI-driven automation, IoT), and AI & data innovation (generative AI, computer vision, NLP, advanced analytics) for sectors such as banking, energy, manufacturing, insurance, retail, and telecommunications.
Product overview
Razum is a research and development studio offering a portfolio of specialized digital products and services. The core product offerings include: NLB Klik (award-winning mobile banking app for Slovenia's largest bank), Petrol GO (mobile payment solution for fuel, car wash, and retail purchases at petrol stations), NLB Lease & Go/DoberAvto (vehicle trading platform), and HBK Companion App (mobile solution for test and measurement data). These products are delivered alongside professional services in Software Engineering (secure, scalable platforms and mobile applications), Enterprise Integrations (backend systems, AI-driven automation, IoT), and AI & Data Innovation (generative AI, computer vision, NLP, advanced analytics). The company operates on a project-based model, creating custom solutions for enterprise clients across manufacturing, insurance, retail, telecommunications, and home automation sectors.
Differentiator
Problem solved
Functional benefit
Products and services
- Software Engineering Services
- Enterprise Integrations Services
- AI & Data Innovation Services
Quantifiable outcome
- Award-winning mobile banking app recognized as the best mobile bank in Slovenia
- +1 more outcomes
Companies that use Razum
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
Razum technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Feature8 records
Razum partnerships and signals
Strategic signalScale indicators2 records
Recent moves6 records
Expansion highlights5 records
Razum competitors and assessment
Company assessmentDirect peers
- EPAM Systems: Global custom software development and digital engineering firm with strong Eastern European footprint. Same service offering (custom dev, AI, enterprise integration) but at substantially larger scale and broader geographic reach.
- Netcetera: Switzerland-based custom software development company of similar size profile, offering mobile, web, AI, and enterprise integration services. Comparable in boutique custom-development positioning for European enterprises.
- Ciklum: Global digital solutions company with Eastern European origins offering custom software development and engineering services. Similar enterprise-focused custom development model and delivery footprint.
- Itransition: Eastern European custom software development firm offering custom development, AI/ML, mobile, and enterprise software services. Directly comparable service mix and target enterprise client profile.
- Endava: Global technology services company with Central/Eastern European roots, offering custom software development, AI, and digital transformation services to enterprise clients. Same core business model at materially larger scale.
- Software Mind: Eastern European software development company providing custom development, AI, and enterprise solutions. Comparable custom development focus and regional positioning to Razum.
- Infinum: Croatia-based software development agency of similar size and structure, offering custom mobile, web, AI/ML, and product engineering for enterprise clients. Closely comparable in regional positioning, service mix, and client profile to Razum.
- Vega IT: Serbia-based custom software development company serving enterprise clients globally. Similar regional positioning, custom development focus, and tier-1 enterprise client base as Razum.
Emerging players
- Toptal: Global freelance talent platform connecting enterprises with software developers. Different business model (marketplace vs. studio) but overlapping in serving enterprise custom development needs, often competitively bid against studios like Razum.
Broad incumbents
- Thoughtworks: Global technology consultancy offering custom software development, AI/ML, and digital transformation services. Overlapping service offering but at much larger scale and broader portfolio than Razum.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights6 records
Customer concentration
Razum social profiles
Digital presenceRazum financial estimates
Financial estimateRevenue estimate
Valuation estimate
Razum leadership team
Management profileNumber of profiles
Profiles2 records
Razum funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Razum 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 Razum
What does Razum do?
Razum is a Slovenia-based research and development studio that designs, builds, and ships custom digital products for enterprise clients. Its core offerings include software engineering (secure, scalable platforms and mobile applications), enterprise integrations (backend systems, AI-driven automation, IoT), and AI & data innovation (generative AI, computer vision, NLP, advanced analytics) for sectors such as banking, energy, manufacturing, insurance, retail, and telecommunications.
Is Razum a public or private company?
Razum is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Razum founded?
Razum was founded in 2005. It employs 11 to 50 people.
Where is Razum based?
Razum is headquartered in Ljubljana, Slovenia, in the Europe region.
How does Razum make money?
One revenue line is on record: custom Software Development Services.
Who are Razum's main competitors?
Direct peers on record are EPAM Systems, Netcetera, Ciklum, Itransition, Endava, Software Mind, Infinum and Vega IT. Toptal is listed as an emerging player. Thoughtworks is listed as a broad incumbent.
Does Razum have an API?
No public API is recorded for Razum.
What industry is Razum in?
Razum's product category is Custom Software Development Services. Its primary akta.pro industry code is BPAEABAA, Remote Monitoring & Management (RMM) Services. Its NAICS code is 541511 and its SIC code is 7371.