Sonatafy Technology

Whether you’re familiar with nearshoring or this is your first time considering an augmented software team, Sonatafy is here to help. Many businesses continue to add nearshore software outsourcing to their development process, helping them to save money while also enhancing productivity. Nearshoring also helps to protect your company’s assets. At Sonatafy, our goal is to match you with top talent that complements the existing skillset of your IT team.

The Problem

Companies struggle to hire software developers fast enough due to the high demand of these resources and their internal processes. There is also a lack of access to affordable and skilled software development resources to meet companies' budgets and timelines.

US based teams often need to supplement their internal expertise, but they are experiencing burnout from working with offshore teams operating in different time zones.

What problems do we help solve?

• Sourcing high-demand software developer talent
• A need for skilled and affordable software developers on a tight timeline
• Burnout of US teams from working across different time zones
• Companies lack the necessary expertise to ensure software success

The Solution

We help our clients' software product and solution strategies by building software teams that help them accelerate their software development efforts.

Sonatafy has over 100 years of combined technical leadership and software development experience, and a proven track record of delivering high-quality talent and software solutions. This allows us to proudly serve our customers by matching top talent from Latin America with companies looking to increase growth and manage costs.

We specialize in building software solutions for SaaS, healthcare/life sciences, financial, and other niche industries as we understand software compliance, scalability, security and creating long-term relationships.

The Product

We have established our company as a preferred partner for our clients by providing best-in-class nearshore software development, software consulting services/expertise, and high-level customer service.

Unique IP matching software developers to clients

Our company has unique technical and business IP, which we call NEXXUS, that streamlines the process of sourcing great software talent and matching them with various client's unique business needs. This unique IP provides us with significant operational efficiencies over our competitors.

Our company is a leading provider of nearshore software developer services and experts in cloud solutions, web and mobile applications, e-commerce, big data, DevOps practices, QA, IoT, and machine learning.

Traction

Estimated top-line revenue of up to $8M in 2022 and growing!

We are leading to an estimated $6M to $8M in top-line revenue in 2022, derived from both new customers and expanded engagements with existing customers.  Over the next 12 months, management is endeavoring to grow net profit margins in excess of 20%.

Average client engagement of more than 1 year

Being in the right place at the right time with the right team, we have been industry leaders in adapting to the new remote distributed environment for software teams—accelerated by the COVID pandemic. We have a YoY projected revenue growth of 200%, with projected 12 month revenue increases of up to 250+%, based on current contracts. We also have a strong customer pipeline of over $33M (as of 5/1/22) of new opportunities.  

- Won numerous software industry awards

- Regularly featured in Forbes and Entrepreneur Magazine

Customers

Our client-centric software solutions have made us the provider of choice for clients such as Freshly, Sharper Image, Evernote and Caterpillar to name a few. With thousands of software engineers deployed to date, clients love our personalized high-touch approach. As of 5/1/2022 we have over 30 clients netting us over $500k of monthly revenues and our client base is growing quickly. With high-quality delivery and strong customer support, we enable a client to focus on business decisions rather than software issues.

Business Model

The Sonatafy Solution allows companies to adapt and succeed in this new business environment.

Our powerful marketing and sales engine has generated a $33M current client pipeline (as of 5/1/22), leading to regular Zoom meetings with C-Level executives looking for solutions for their software development teams and projects.

How We Make Money

1) Upfront Fees: Depending on the project, we may receive $2k–$40k+ in upfront fees for due diligence and/or putting the project teams together.

2) Monthly Recurring Fees: In our software solutions, we are typically dedicating full-time resources to each client. In a typical client scenario, we place from 3 to 11+ resources and charge fixed monthly fees for each resource.

The market for Tech services and Software spend in US is at $825B and growing!

Our software service offerings are highly praised by our clients. We target new clients ranging from the Small to Medium Sized Business (SMB) market to Fortune 1000 firms.

Trends in the software development market

Client-centric software solutions are in high demand given the exponential growth of technology products. Producing innovative software solutions requires teams that are constantly collaborating and working efficiently. Geographical proximity (for in-person meetings when needed), cultural similarities, and time zone alignment are key factors for innovation—causing companies to increasingly migrate towards nearshoring solutions vs offshoring to meet their company goals.

Competition

Sonatafy Technology is different from typical freelance and recruiting options. Not only do we provide top-tier talent resources, but we also provide the process of fully integrating these resources with your development teams. This leads to improving and escalating your teams long-term, as compared to short-term, temporary placements.

Vision

Continue explosive growth and expand to additional countries throughout Latin America.

Within the next 12 months, we would like set up operations in additional markets located in Latin America with a preference towards  Colombia, Brazil, Uruguay, and Argentina. This will enhance the breadth of our service and resource offerings with complementary customer bases. We will focus on achieving massive operating efficiencies to result in higher margins.

Investors

Sonatafy regularly receives interest from Private Equity and Global IT firms to acquire our company.  However, we're looking to create greater value for our investors with the goal of building the company to $50M~$80M in annual revenue. Our powerful sales strategy, combined with a current customer pipeline of $33M (as of 5/1/22 and growing), is key to us achieving these goals!

Investments raised will potentially be used to expand in additional markets and or business acquisitions, operating and growth capital, marketing and technology, computers and equipment, long-term debt payoff, legal and taxation expenses, and contingency.

Founders

We are led by a world-class team of business leaders and software/technology entrepreneurs who have had many successful exits.

Over 20 years of technology experience with a proven track record of success in both the entrepreneurial and corporate world. Steve is also regularly published in Forbes and Entrepreneur Magazine.

Over 20 years of executive, operations, & tech experience managing technology teams. Served in multiple capacities & executive leadership positions including Board of Directors for companies both in the US & abroad.