SOL

What SOL does

SOL is a privately held Sri Lankan technology company headquartered in Colombo, founded around 2007 and operating for over 18 years in the IT services market under the slogan 'Driven by Vision.' It runs a dual business model combining B2B IT solutions — delivered through its S3RIUS brand and covering managed IT, IT infrastructure and consulting, business process automation, cloud solutions, cybersecurity, business email, domain registration, web hosting, and helpdesk support — with a B2C e-commerce operation that includes the Tech Mart online store and three Sri Lankan consumer marketplaces: atapirikara.lk, pilima.lk, and ennaganna.lk. The e-Retail arm was launched in 2018; Tech Mart retails more than 60 hardware, software, and accessory SKUs (laptops up to LKR 547,000, peripherals, networking equipment, software licenses) priced in Sri Lankan Rupees, with Koko BNPL offering three interest-free installments and flat LKR 450 shipping.

The company makes money through four streams: hardware unit sales (one-time), recurring managed-IT and cloud subscriptions (monthly), subscription domain/hosting, and marketplace commissions on the three consumer sites. Its primary customers are Sri Lankan — segmented horizontally across home-based SMBs, startups, and large enterprises on the IT side, and retail consumers on the e-commerce side — while positioning S3RIUS for global IT services delivery. GTM is hybrid: self-serve/PLG through the Tech Mart storefront and three marketplaces, paired with consultative enterprise field sales for IT solutions. Distribution runs through solenterprisespl.com, WhatsApp Business, the three owned marketplaces, and a Koko-integrated BNPL checkout. No public funding, investor disclosures, headcount figures, named enterprise customers, patents, certifications, or third-party financial data are available, leaving scale and unit economics unverified.

Name

SOL

Legal name

SOL

Website

https://solenterprisespl.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Short description

SOL is a privately held Sri Lankan IT services and e-commerce operator, founded ~2007 in Colombo, delivering managed IT, cloud, cybersecurity, and hosting under its S3RIUS brand alongside a consumer Tech Mart storefront and three Sri Lankan marketplaces (atapirikara.lk, pilima.lk, ennaganna.lk).

Ownership category

akta.pro rank

Product category

Managed IT Services and E-Retail

NAICS

Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Computer Programming Services (7371), Services-Management Consulting Services (8742), Wholesale-Computers & Peripheral Equipment & Software (5045)

akta.pro primary industry

Strategy & IT Advisory (BPAEAAAA)

akta.pro secondary industry

eSignature, Forms & Digital Workflow Platforms (HDAEAHAJ)

Keywords

• Managed IT services
• Cloud hosting solutions
• Cybersecurity consulting
• IT infrastructure consulting
• Online marketplace platform

Headquarters

HQ city

Colombo

HQ country

Sri Lanka

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. E-Commerce Product Sales: SOL operates Tech Mart, an online retail store selling hardware products including laptops, external hard drives, software licenses, networking equipment, telephones, and accessories. Products are sold directly to consumers with unit pricing and installment payment options.
2. IT Services & Solutions: Professional IT services including managed IT, cloud solutions, cybersecurity, IT infrastructure consulting, business process automation, and helpdesk support delivered under the S3RIUS brand.
3. Domain & Hosting Services: Domain registration and web hosting solutions providing online presence capabilities for businesses.
4. E-Retail Online Marketplaces: Operates multiple consumer-focused e-commerce marketplaces (atapirikara.lk, pilima.lk, ennaganna.lk) serving Sri Lankan consumers.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

SOL provides IT services and solutions under the S3RIUS brand, including managed IT services, cloud solutions, cybersecurity, IT infrastructure consulting, business process automation, business email, domain and hosting, and helpdesk support for businesses ranging from small home-based businesses to large enterprises. The company also operates consumer e-commerce through its Tech Mart storefront selling hardware/software products and three Sri Lankan online marketplaces (atapirikara.lk, pilima.lk, ennaganna.lk).

Product overview

SOL operates as an IT solutions company and e-commerce retailer based in Sri Lanka. The company offers two main portfolios: (1) IT Services under the S3RIUS brand including Business Email, Cloud Solutions, Domain & Hosting, and End-to-end IT Services covering managed IT, infrastructure consulting, business process automation, cloud transformation, cybersecurity, and helpdesk support; (2) E-Retail operations encompassing three marketplace platforms (atapirikara.lk, pilima.lk, ennaganna.lk) and a Tech Mart e-commerce store selling third-party hardware and software products including laptops, external storage, software licenses, networking equipment, and peripherals.

Differentiator

Problem solved

Functional benefit

Brands

• S3RIUS: IT solutions brand delivering cutting-edge IT solutions for digital transformation and business growth worldwide, including business email, cloud solutions, domain and hosting, and end-to-end IT services.

Products and services

• SOL Tech Mart Online retail storefront selling hardware products including laptops, external hard drives, software licenses, networking equipment, telephones, and accessories directly to Sri Lankan consumers with unit pricing and installment payment options.
• S3RIUS Business Email Enterprise-grade branded email solution providing secure, trust-building email addresses for businesses of all sizes.
• S3RIUS Cloud Solutions Cloud solutions tailored to boost efficiency, flexibility, and business continuity for organizations, including cloud hosting, migration, and modernization services.
• S3RIUS Domain & Hosting Complete domain registration and web hosting solutions for businesses seeking a seamless, secure, and powerful online presence.
• S3RIUS End-to-End IT Services Comprehensive IT solutions spanning infrastructure, cloud, support, security, and automation for organizations of all sizes from startups to enterprises.
• SOL Managed IT Services Proactive IT management services designed to reduce downtime and boost performance for businesses, delivered as ongoing managed support.
• SOL IT Infrastructure & Consulting Scalable systems and expert strategic consulting for future-ready business operations, providing infrastructure design and deployment services.
• SOL Business Process Automation Workflow streamlining and productivity enhancement through intelligent automation solutions for businesses looking to modernize operations.
• SOL Cloud Solutions & Digital Transformation Cloud migration, modernization, and growth enablement services to support digital transformation initiatives for organizations.
• SOL Cybersecurity Solutions Enterprise-grade security solutions to protect business data and systems, including threat management and security consulting.
• SOL IT Support & Helpdesk Services Fast, responsive, and friendly technical support and helpdesk services delivered to business customers on an ongoing basis.
• atapirikara.lk Online consumer marketplace platform serving Sri Lankan shoppers, operated by SOL as part of its e-Retail vertical.
• pilima.lk Online consumer marketplace platform serving Sri Lankan shoppers, operated by SOL as part of its e-Retail vertical.
• ennaganna.lk Online consumer marketplace platform serving Sri Lankan shoppers, operated by SOL as part of its e-Retail vertical.

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• Koko (PayKoko)coreTechnology or IntegrationKoko is a Buy Now Pay Later (BNPL) payment integration partner that enables SOL's customers to pay for products in 3 interest-free installments. The integration appears throughout the Tech Mart e-commerce store, allowing flexible payment options for consumers purchasing hardware, software, and accessories.
• S3RIUScoreOthersS3RIUS is SOL's IT solutions brand operating under the same parent company. S3RIUS delivers cutting-edge IT solutions including managed services, cloud solutions, cybersecurity, and business process automation for global clients.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Regional players

• 99x: Sri Lankan-headquartered software product engineering and IT services firm with regional and global delivery. Comparable to SOL's IT services and consulting practice but at materially larger scale.
• Wavenet: Sri Lankan managed IT services and cloud provider serving SMB and enterprise customers. Most direct local peer to SOL's managed IT, cloud, and cybersecurity services.
• Sysco LABS: Sri Lankan-headquartered IT services and product engineering firm with a global delivery model. Comparable in IT services capability and Sri Lankan roots to SOL's S3RIUS practice.

Direct peers

• Kapruka: Sri Lanka's largest homegrown e-commerce and grocery delivery platform. Directly comparable to SOL's consumer marketplace and Tech Mart e-retail operations serving Sri Lankan consumers.
• WOW.lk: Sri Lankan consumer e-commerce marketplace operating in electronics and general merchandise. Direct competitor to SOL's Tech Mart and consumer marketplace platforms.
• mydeal.lk: Sri Lankan e-commerce marketplace focused on electronics and consumer goods. Overlaps with SOL's Tech Mart hardware category and Sri Lankan consumer marketplace footprint.

Broad incumbents

• Sri Lanka Telecom (SLT) / SLT-Mobitel: Sri Lanka's incumbent telecom offering enterprise IT, cloud, and managed services. A scaled local competitor to SOL's S3RIUS IT solutions across SMB and enterprise segments.
• Daraz Sri Lanka: Alibaba-backed dominant e-commerce marketplace in Sri Lanka. Competes directly with SOL's atapirikara.lk, pilima.lk, and ennaganna.lk in consumer electronics and online retail.
• Dialog Enterprise (Dialog Axiata): Axiata-owned Sri Lankan telecom with a significant enterprise IT services arm covering cloud, managed services, and cybersecurity — overlapping directly with SOL's S3RIUS offerings.

Others

• Koko (PayKoko): Sri Lankan Buy Now Pay Later provider integrated with SOL's Tech Mart checkout. Ecosystem partner rather than competitor; relevant as a fintech enabler for SOL's e-commerce conversion funnel.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/solenterprisespvtltd
• LinkedInlinkedin.com/company/sol-technology-consulting

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 SOL