What ELO does

ELO is a private, full-cycle software development company and consultancy founded in 2016 and headquartered in Dhaka, Bangladesh. The company builds custom web, mobile, cloud, and AI-powered solutions for both startups and enterprises, with a portfolio of proprietary products including Jamahook (AI-based music loop matching using vector similarity search), EloBooks (enterprise resource planning for trading businesses), SalesTrack (pharmaceutical sales management), ARC (healthcare platform), ProbashKormi (overseas recruitment), ADPTR Audio (audio e-commerce), SoftCollab (audio collaboration), Axis (workforce tracking), and PRMS (electronic health records for government hospitals). Underlying technology spans Node.js, Python, C++, React, Angular, Flutter, and Ionic, with cloud infrastructure on AWS, Google Cloud, and Azure, and AI/ML capabilities in recommendation engines, generative AI, retrieval-augmented generation (RAG), natural language processing (NLP), and process automation.

ELO operates a hybrid business model combining professional services (technology consultancy, UI/UX design, and custom development) with one-time licensing of pre-built software solutions. Customer engagement is sales-led and direct, with prospective clients booking discovery calls via Calendly and pricing conducted on a quote-based, non-public basis. The customer base spans 10+ countries across North America (USA, Canada), Europe (UK, Switzerland, Germany, Norway), and the Middle East (UAE), with named logos including Hyundai, BRAC, BSMMU, Fantom, and SELISE, among approximately 20+ identified clients. The company is small (11–50 employees), founder-led, and has not disclosed any external funding rounds or revenue figures.

Name

ELO

Legal name

Elo

Website

https://elobyte.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

ELO is a Dhaka, Bangladesh-based full-cycle software development company delivering custom web, mobile, cloud, and AI solutions alongside proprietary products like Jamahook and EloBooks, serving startups and enterprises across 10+ countries.

Ownership category

akta.pro rank

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

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: Full-cycle development services including web, mobile, cloud, and AI solutions. Pricing based on effort required and complexity. Enterprise solutions utilize global cloud services and latest frameworks. Startup solutions use template-based approach with lower costs.
2. Pre-built Solutions: Multiple pre-built solutions for businesses that can be customized for specific needs. Includes modular components that can be transferred across projects.
3. Design Services: UI/UX, animation, and social media design services offered separately from development.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

ELO provides full-cycle custom software development services including web applications, mobile apps, cloud solutions, and AI-powered tools for businesses. The company combines professional development services with a portfolio of pre-built modular solutions and proprietary products, following a structured Zero-to-Market methodology from consultancy through deployment and maintenance.

Product overview

ELO is a full-cycle software development company offering a portfolio of both proprietary SaaS products and professional services. Their product suite includes AI-powered solutions (Jamahook for music production, custom AI agents), vertical-specific platforms (EloBooks for trading businesses, ARC for healthcare, PRMS for government hospitals, ProbashKormi for overseas job applications), and horizontal tools (SalesTrack, ADPTR Audio, Axis, SoftCollab). These products are built using their technology stack (React, NodeJS, Python, Flutter) and hosted on cloud platforms (AWS, Google Cloud, Azure). Their services span web/mobile development, AI development, DevOps, UI/UX design, and technology consultancy, targeting startups seeking template-based solutions and enterprises requiring specialized, scalable systems.

Differentiator

Problem solved

Functional benefit

Products and services

• Jamahook
• EloBooks Comprehensive cloud enterprise management platform for trading and merchandising companies. Provides all-in-one solution for managing purchases, sales, inventory, warehousing, invoicing, and financial tracking.
• ADPTR Audio Custom e-commerce platform with license management for selling professional audio plugins to music producers worldwide.
• SoftCollab Online audio stem management system with a suite of utility and social tools such as synced multi-file playback, social playlists, and chat. Audio-focused web platform for music collaboration.
• Web Application Development Full-cycle web application development services for building enterprise solutions and SaaS products using React, Angular, NodeJS, Python, and other modern frameworks.
• Mobile App Development Mobile application development services for iOS and Android platforms using frameworks like Flutter, React Native, Kotlin, and Swift.
• AI Development Custom AI agent development and AI-powered solution implementation including hyper-personalized AI agents, RAG systems, and workflow automation using multiple AI models and vector databases.
• DevOps Services DevOps services including cloud infrastructure setup, deployment, and maintenance using AWS, Google Cloud, and Azure with Docker containerization.
• UI/UX Design Design services including UI/UX design, branding, animation, and social media design offered separately from development.
• Technology Consultancy Technology consulting services for architecture decisions, tech stack selection, and project planning covering requirement analysis, design, agile development, testing, deployment, and continuous improvement.

Quantifiable outcome

• 90% accuracy in grouping similar headlines using vector similarity search approach

Named customers19 records

Segments7 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability9 records

Feature3 records

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Simform: Custom software and product development firm providing web, mobile, cloud and AI engineering services. Comparable to ELO on delivery model, tech stack breadth, and SMB-to-enterprise customer targeting.
• Itransition: Global custom software development and digital transformation consultancy offering web, mobile, cloud and AI implementation services. Comparable to ELO in being a horizontal full-cycle delivery firm targeting both enterprise and mid-market clients.
• Hyperlink InfoSystem: Custom mobile, web and software development firm with enterprise and startup offerings. Comparable to ELO on services mix, global delivery and AI/ML service line.
• TatvaSoft: Custom software development company providing web, mobile, cloud and enterprise application development with offshore delivery. Comparable to ELO in model, scale and vertical-agnostic positioning.
• Octal IT Solution: Offshore custom software development company delivering web, mobile and enterprise applications across multiple verticals. Comparable to ELO on full-cycle delivery and broad industry exposure.
• Belitsoft: Eastern European custom software development vendor focused on web, mobile and enterprise solutions with enterprise clients in regulated verticals. Comparable to ELO on offshore delivery model and enterprise project orientation.
• Fingent: Custom software development firm offering web, mobile, cloud and enterprise application development with a hybrid onsite-offshore model. Closely comparable to ELO on services portfolio and enterprise/startup customer mix.
• ValueCoders: India-based custom software development firm offering web, mobile, AI and DevOps services to enterprise and startup clients. Comparable to ELO on cost-arbitraged delivery and broad vertical coverage.
• Brain Station 23: Bangladesh-based custom software development firm with comparable size and a similar broad vertical mix (enterprise web, mobile, cloud). Closely matches ELO on geography, delivery model and service breadth.

Regional players

• Genie9 (Genie Solutions): South Asian IT services firm with similar custom development, design and SaaS offerings to SMBs and enterprises. Regionally comparable to ELO in service breadth but with a different primary geography.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/elobyteSoftware
• Facebookfacebook.com/elobyte
• LinkedInlinkedin.com/company/elobyte

Revenue estimate

Valuation estimate

Number of profiles

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 ELO