99X Technology

99X Technology

Global product engineering services for digital products.

  • Edit
Get premium to view all results
DateInvestorsAmountRound
-investor

€0.0

round

$20.0m

Growth Equity VC
Total Funding000k
Notes (0)
More about 99X Technology
Made with AI
Edit

99x is a global technology company that specializes in high-quality software product engineering and technology innovation. Founded in 2004 by Mano Sekaram in Sri Lanka, the company began by targeting international markets, particularly Scandinavia, to build and deliver commercial software products. Over the years, it has developed over 150 digital products for its clients.

The firm is headquartered in Norway and has a significant presence in Sri Lanka, with a global team of over 600 employees across offices in Malaysia, Brazil, and Portugal. In December 2023, founder Mano Sekaram stepped down as CEO and transitioned to the role of Chairman of the Board for the Sri Lankan and Australasian operations, with Hasith Yaggahavita, a founding member and former CTO, taking over as CEO of 99x.

99x's business model is centered on serving as a long-term, collaborative partner for Independent Software Vendors (ISVs), moving beyond a simple vendor relationship to become an integral part of their clients' research and development teams. The company provides end-to-end services, including full-stack development, cloud enablement, mobile applications, and machine learning solutions. They offer facilitated teams that assist clients with capacity, competence, and cost-effectiveness, co-creating products to achieve market fit. Recently, 99x has made significant advancements in Agentic AI with its proprietary orchestrator platform, Xians.ai, which is used across industries like finance, legal, and insurance for enterprise automation.

The company's growth strategy includes both organic expansion and strategic acquisitions. This was accelerated by a 2021 investment from Norwegian private equity, which led to the establishment of its Norwegian headquarters and a series of acquisitions, including companies in Norway, Brazil, and Portugal.

Keywords: digital product engineering, software product engineering, technology services, IT consulting, nearshore software development, independent software vendors, ISV partner, full-stack development, cloud engineering, AI solutions, machine learning, agentic AI, Scandinavian market, software development applications, tech talent outsourcing

Analytics
Unlock the full power of analytics with a premium account
Track company size and historic growth
Track team composition and strength
Track website visits and app downloads

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.
Book a Demo

Investments by 99X Technology

Edit
Cleverti
ACQUISITION by 99X Technology Oct 2023
SEEDS Consulting
ACQUISITION by 99X Technology Sep 2021
LeanOn Systems
ACQUISITION by 99X Technology Oct 2023