Visoft

What Visoft does

Visoft Korlátolt Felelősségű Társaság is a privately held, Hungarian-owned software development and system integration company headquartered in Budapest (Budafoki út 64), founded in 2003 as VinoCantina Kft and rebranded to Visoft Kft around 2009. The company employs 11-50 staff and operates without external institutional investors or parent company exposure. Its core technical platform is Java/J2EE with secondary expertise in .Net, Ruby, PHP, and Delphi, used to build web applications, portal systems, and integrated business systems primarily for Hungarian government agencies, municipal authorities, and corporate clients.

Visoft's product portfolio comprises three distinct offerings. ViNetBid is a full-featured electronic auction and tendering system supporting English, Japanese, Dutch, traditional, and Vickrey auction formats, with full symmetry between procurement and sales auctions and compliance with Hungarian public procurement law (Kbt.). LoveBridge is an interactive bridge game table and supporting software prototype for accredited online bridge competitions, developed under EU grant funding and deployed in accredited competition rooms with tablet-based gameplay. The COVID-19 Prevention Population Protection SDK (introduced 2020) provides modular components for location tracking, symptom management, vital sign monitoring, emergency alerts, and accessibility features for visually impaired users. Beyond products, Visoft generates revenue through custom Java/J2EE application development, system integration with international vendor products, IT security and data protection consulting, and management consulting services, primarily through direct enterprise engagement and participation in public procurement tenders.

The business model combines project-based professional services engagements, general-purpose software product licensing (ViNetBid, sold domestically and via international licensing), system integration resale, and advisory services. Pricing is quote-based and project-specific with no published price points. The go-to-market centers on direct enterprise sales and successful participation in public procurement tenders, supplemented by self-service access to ViNetBid via vinetbid.hu and international software licensing. Visoft has secured two EU grants under the GINOP program — totaling approximately 167.8 million HUF (~$500K equivalent) — funding the LoveBridge development (60.29% subsidy) and ViNetBid internationalization (40% subsidy), but reports no equity investment, public listing, or third-party validation of revenue scale.

Name

Visoft

Legal name

Visoft Korlátolt Felelősségű Társaság

Website

https://visoft.hu

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Visoft is a privately held Hungarian software development and system integration firm that builds Java/J2EE-based enterprise applications, the ViNetBid electronic auction platform, and specialized SDKs for government agencies, municipal authorities, and corporate clients across Hungary.

Ownership category

akta.pro rank

Headquarters

HQ city

Budapest

HQ country

Hungary

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Custom Software Development: Development of custom Java-based applications, portal systems, and web applications for government agencies, municipal authorities, and corporate clients. Revenue generated through project-based engagements from demand planning through implementation.
2. General Purpose Software Products: General-purpose software products with favorable pricing, available to any customer. Includes the ViNetBid auction system for electronic auctioning and tendering.
3. System Integration Services: System integration services based on world-class products from leading international companies, including sales, integration, and hardware service.
4. IT Security and Data Protection Services: Protected data storage, distribution and handling; policy creation; consulting activities for groups or corporations. Advisory services in information security.
5. Management Consulting: Project management support, decision preparation, solution analysis, project definition, business process design, tool and supplier selection criteria, requirements specification, and business analysis services.
6. International Software Licensing: International sales of ViNetBid auction system with multi-language support, targeting B2G and B2B markets internationally.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Visoft is a Hungarian software development company that builds custom Java/J2EE-based enterprise applications, portal systems, and web applications primarily for government agencies, municipal authorities, and corporate clients. Alongside custom development, the company sells its own general-purpose software products, most notably the ViNetBid electronic auction system supporting multiple auction types (English, Japanese, Dutch, traditional, Vickrey, reverse) for B2G public procurement and B2B purchasing and sales, complemented by system integration, IT security, data protection, and management consulting services.

Product overview

Visoft offers a portfolio of specialized software products: ViNetBid is the core electronic auction platform supporting multiple auction types (English, Japanese, Dutch, Vickrey) for B2G public procurement and B2B commercial sales; LoveBridge is an interactive bridge competition system enabling virtual bridge tournaments in accredited venues; and the COVID-19 Prevention SDK provides modular components for location tracking, symptom monitoring, vital signs observation, emergency alerts, and accessibility features. The company also provides custom software development, system integration, IT security consulting, and managed services.

Differentiator

Problem solved

Functional benefit

Brands

• ViNetBid: A full-featured electronic auction system developed by Visoft for conducting purchase and sales auctions, tendering, and electronic reverse auctions via the Internet. Supports B2B, B2G, and public procurement requirements including English, Japanese, Dutch, traditional, and Vickrey auction types.
• LoveBridge
• COVID-19 Prevention Population Protection SDK

Products and services

• ViNetBid Electronic Auction System Full-featured electronic auction system enabling online auctioning and tendering of products, services, and other valuables. Supports multiple auction types (English, Japanese, Dutch, Vickrey, Reverse English) for both B2G public procurement and B2B commercial markets, with symmetric functionality for procurement and sales auctions.
• LoveBridge Interactive Bridge Competition System Interactive bridge game table and software system prototype for conducting accredited online bridge competitions in virtual environment with real-time game recording and broadcasting capabilities, supported by EU funding for development.
• COVID-19 Prevention Population Protection SDK Comprehensive SDK with modular components for COVID-19 prevention including energy-efficient GPS location tracking, infection symptom storage and management, vital signs monitoring (heart rate, breathing, coughing detection), central alert messaging, emergency distress calling, product supervision for manufacturer-consumer communication, and accessibility features for blind and visually impaired users.
• Custom Software Development Services Project-based development of custom Java/J2EE enterprise applications, portal systems, and web applications for government agencies, municipal authorities, and corporate clients, covering the full lifecycle from demand planning and consulting through implementation, training, and warranty support.
• System Integration Services Sales, integration, and hardware service for world-class products from leading international technology vendors. The company has established long-term partnerships with leading international companies to deliver integrated IT systems for clients, with successful track record in public procurement tender processes.
• IT Security and Data Protection Services Advisory services in information security, covering protected data storage, distribution, and handling, policy creation, and consulting activities at group or corporate level, with the aim of introducing a domestic secure data and information protection system.
• Management Consulting Services Project management support, decision preparation, solution analysis, project definition, business process design, tool and supplier selection criteria, requirements specification, and business analysis services for IT development projects.

Quantifiable outcome

• Supports all major international auction types: English, Japanese, Dutch, traditional, and Vickrey auctions
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Intetics: IT services and custom software development company with a similar services-plus-product model and EU/CIS geographic presence. Comparable in size, technology breadth, and reliance on enterprise/government IT projects.
• Itransition: Custom software development and IT services company with similar size and Java/.NET/PHP/Ruby stack, delivering enterprise web applications, system integration, and consulting. Closely matches Visoft's core custom development plus consulting business model and target of corporate and public-sector clients.
• Oxagile: Custom software development company delivering enterprise web and portal systems, with a multi-language technology stack and a product arm. Directly comparable to Visoft's Java/J2EE portal development and proprietary software products targeting B2B/B2G customers.
• Sigma Software Group: Ukrainian-headquartered IT services and custom development firm with EU delivery centers. Comparable to Visoft in providing full-cycle software development, system integration, and consulting to enterprise and government clients.
• ScienceSoft: Custom software development and IT consulting firm that sells both project services and proprietary products, including IT security and data protection offerings. Comparable to Visoft in combining custom development with packaged software and security services for enterprise and government buyers.
• Jaggaer (formerly BravoSolution): Direct e-sourcing and e-auction platform with English, Dutch, Japanese, and reverse auction support serving B2B and B2G procurement. Most direct functional competitor to Visoft's ViNetBid product line.

Broad incumbents

• T-Systems Hungary: Large incumbent IT services and system integration provider in Hungary serving government and enterprise. Competes with Visoft for the same public-sector custom development, system integration, and IT security mandates that drive Visoft's revenue.
• SAP Ariba: Market-leading e-procurement and reverse auction platform serving large enterprises and governments globally. Overlaps with ViNetBid in B2G and B2B auctioning/tendering functionality but operates at much larger scale as part of a wider procurement suite.
• NTT Data Hungary: Global IT services and system integrator with significant Hungarian public-sector presence. Direct competitor for Hungarian government IT projects, system integration, and IT security consulting that Visoft also targets.

Emerging players

• Proactis: Mid-market e-procurement and supplier management SaaS platform. Comparable in offering B2B/B2G electronic tendering and auction functionality as a focused, lighter-weight alternative to large procurement suites, similar to ViNetBid's positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/VisoftKft
• LinkedInlinkedin.com/company/visoft-kft

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 Visoft