IQB Solutions

What IQB Solutions does

IQB Solutions (Akılcı Bilişim Çözümleri ve Danışmanlık A.Ş.) is a privately held Turkish enterprise software company founded in 2017 and headquartered in Avcılar, Istanbul, within the Istanbul University Avcılar Campus Entertech Technokent. The company builds and sells a portfolio of specialized platforms—UTILON (Digital Customer Service Center), UTILON Lisanssız, UTILON IPM (Digital Investment Project Management), IQPower Suite (Industrial IoT Asset Performance Management), IQBig (Hadoop-based Big Data Platform), IQoT (Internet of Things Platform with edge computing), and IQSign (Electronic Signature)—targeted primarily at electricity distribution companies and energy production facilities in Turkey. Its technology stack combines distributed Hadoop-based data processing, edge inference with ML and deep learning algorithms, and deep integrations with SAP, Oracle, CBS (GIS), GİB (Turkish Revenue Administration), EBYS, MBS, and ABYS to embed the platform within regulated utility workflows.

The company's go-to-market is direct enterprise field sales with annual-billed subscriptions and custom quote-based pricing, supplemented by close collaboration with customer teams for process design, deployment, and ongoing support. Revenue is generated through enterprise software licensing, subscription, and professional services across the proprietary product portfolio. Operational scale metrics include 800 million data points processed daily by IQPower Suite (yielding 70 million recorded samples) and more than 800,000 electronic signatures executed annually through IQSign. The firm is founder-led, with Erkan Kavlak serving as CTO and Founding Partner and Abdulkadir Karaduman as CPO and Founding Partner, and reports no external institutional investors, parent company, or disclosed ownership changes.

Name

IQB Solutions

Legal name

Akılcı Bilişim Çözümleri ve Danışmanlık A.Ş.

Website

https://iqb.solutions

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

IQB Solutions is a privately held Turkish enterprise software company that builds big-data, IoT, and digital workflow platforms—most notably UTILON, IQPower Suite, IQBig, IQoT, and IQSign—primarily serving electricity distribution companies and energy production facilities in Turkey via direct enterprise sales and SAP-integrated subscriptions.

Ownership category

akta.pro rank

Product category

Energy & Utility Software

NAICS

Computer Systems Design and Related Services (5415), Custom Computer Programming Services (541511)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Programming Services (7371)

akta.pro primary industry

iBPMS (Intelligent BPM Suites) & Process Automation Suites (HDAEAHAG)

akta.pro secondary industries

Intelligent Document Processing (IDP) & OCR Automation (HDAEAHAC), End-to-End Enterprise AI Platforms (MLOps & Model Lifecycle Management) (HDAEANAA)

Keywords

• Energy utility software
• Industrial IoT platform
• Big data analytics
• Asset performance management
• Electronic signature solutions

Headquarters

HQ city

Avcılar, Istanbul

HQ country

Türkiye

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. Enterprise Software Licenses and Subscriptions: IQB Solutions generates revenue through enterprise software licensing, subscription, and professional services for their proprietary platforms (UTILON, IQPower Suite, IQBig, IQoT, IQSign) sold to electricity distribution companies and industrial facilities.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

IQB Solutions develops and sells enterprise software platforms for electricity distribution companies and energy production facilities, including UTILON (Digital Customer Service Center for managing consumer, project author, and electrical contractor processes), IQPower Suite (Industrial IoT-based Asset Performance Management), IQBig (Hadoop-based Big Data Platform), IQoT (IoT Platform with edge computing), and IQSign (electronic signature). The platforms integrate with SAP, CBS/GIS, Oracle, EBYS, ABYS, MBS, and Turkish Revenue Administration (GİB) systems, processing 800 million data points and 800,000+ electronic signatures annually.

Product overview

IQB Solutions offers a portfolio of specialized software products centered on big data, IoT, and digital transformation solutions. The core offerings include UTILON suite (Digital Customer Service Center with unlicensed and IPM modules) for electricity distribution companies, IQPower Suite for asset performance management in energy production facilities, IQBig for big data platform capabilities, IQoT for IoT connectivity and edge computing, and IQSign for electronic signature services. The product ecosystem processes millions of data points daily and focuses on enabling digital transformation across various sectors including energy, utilities, and enterprise operations.

Differentiator

Problem solved

Functional benefit

Brands

• UTILON: Digital Customer Service Center for Electricity Distribution Companies - manages consumer, project author, and electrical contractor processes through digital channels.
• UTILON IPM
• IQPower Suite
• IQBig
• IQoT
• IQSign

Products and services

• UTILON - Digital Customer Service Center Digital Customer Service Center platform for electricity distribution companies that enables them to manage all processes with consumers, project authors, and electrical contractors through integrated digital channels. Integrates with SAP, CBS/GIS, MBS, and ABYS enterprise systems.
• UTILON - Unlicensed Electricity Production Module that digitizes application tracking, project file management, regulatory compliance checks, and automated reporting for unlicensed electricity production projects handled by electricity distribution companies. Integrates with SAP, CBS/GIS, and the Turkish Revenue Administration (GİB).
• UTILON IPM - Digital Investment Project Management Digital investment project management system integrated with UTILON for managing all processes of KET, Grid (Şebeke), and ENH investment projects, including contractor authorization, document management, billing, and payment processes. Integrates with SAP, CBS/GIS, Oracle, and EBYS.
• IQPower Suite - Asset Performance Management Industrial IoT-based platform that monitors all technical and commercial data of energy production facilities, transfers data to a big data platform, and transforms it into meaningful information. Processes 800 million data points daily and converts 70 million samples into recorded data.
• IQBig - Big Data Platform Big data platform using Hadoop technologies with distributed architecture to provide high-speed, high-volume data storage, validation, processing, and value-added analytics from various data sources at low cost. Supports easy, fast, and cost-effective processing of large data volumes.
• IQoT - Internet of Things Platform IoT platform enabling high-frequency reading and transmission from different data sources. Supports IoT Edge technology with remote management, routing, setting changes, and firmware upgrades at edge nodes before data is sent to the center. Includes data collection, validation, machine learning, and deep learning algorithms at the edge.
• IQSign - Electronic Signature Electronic signature solution that accelerates corporate digital transformation by enabling secure signing, sharing, and archiving of documents. Processes over 800,000 electronic signatures annually and is compliant with national and international electronic signature standards.

Quantifiable outcome

• 800 million data points processed daily
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature6 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• SAPcoreTechnology or IntegrationSAP integration is a core part of UTILON and UTILON IPM products, enabling data exchange with SAP systems for electricity distribution company operations including financial processes, project management, and enterprise resource planning.
• CBS (Coğrafi Bilgi Sistemleri / Geographic Information Systems)coreTechnology or IntegrationGIS integration with UTILON for geographic data management in electricity distribution networks, supporting network planning, asset management, and field operations.
• GİB (Gelir İdaresi Başkanlığı / Revenue Administration)coreTechnology or IntegrationIntegration with Turkish Revenue Administration (GİB) for compliance and automated reporting in unlicensed electricity production projects.
• OraclesupportingTechnology or IntegrationOracle integration mentioned for UTILON IPM investment project management system, supporting Mainframe system integrations for enterprise operations.
• EBYS (Electronic Document Management System)supportingTechnology or IntegrationElectronic Document Management System integration for UTILON IPM to support digital approval workflows and document management.

Scale indicators4 records

Recent moves2 records

Expansion highlights4 records

Direct peers

• Itron: Utility-focused data management, smart metering, and IoT platform. Directly comparable to IQB's electricity distribution focus and its blend of field-edge data collection with back-office enterprise integrations.
• C3.ai: Enterprise AI platform purpose-built for energy, utilities, and industrial customers. Comparable to IQB in combining a big-data/IoT platform with industry-specific applications, though at vastly larger scale.
• Augury: AI-driven asset health and process monitoring for industrial and energy customers using IoT sensors and edge analytics. Mirrors IQB's edge-ML plus central-analytics approach in IQoT and IQPower.
• Uptake Technologies: Industrial AI platform for asset performance management across energy and industrial sectors. Closely matches IQB's IQPower Suite in applying machine learning to asset telemetry for operational insights.
• SparkCognition: Industrial AI platform delivering predictive maintenance, asset analytics, and ML/DL models for energy and manufacturing. Comparable to IQB's ML-on-edge and asset-performance positioning.

Broad incumbents

• Schneider Electric EcoStruxure: Energy management and industrial IoT platform serving utilities and grid operators worldwide. Overlaps with IQB's IoT-to-insights stack (IQoT/IQBig/IQPower) but as one offering within a much larger energy and automation portfolio.
• Bentley Systems: Infrastructure engineering software with digital-twin solutions for utility networks and grid assets. Comparable to IQB's UTILON IPM and CBS/GIS integration work for electricity distribution investment projects.
• AVEVA: Industrial software platform (including the former OSIsoft PI System) for utilities, energy, and process industries. Overlaps with IQB's big-data and asset-performance capabilities but as part of a much broader portfolio.
• Honeywell Forge: Industrial IoT and analytics platform for process industries and utilities. Comparable to IQB's enterprise data and asset-performance capabilities for energy customers.
• IFS: Enterprise asset management and field service management software for utilities, energy, and industrial customers. Comparable to IQB's UTILON family and IQPower Suite on the asset/investment project management side.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/iqb-solutions

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 IQB Solutions