On the heels of its expansion into North America with the launch of its New York business unit, led by Max Nirenberg, Commit is increasing again, this time with the addition of ITSoft, an Israeli-founded tech firm providing software development services, to its portfolio. The ITSoft acquisition will add more than 150 software development specialists to Commit’s international roster of tech development experts. The acquisition was estimated at the sum of $3 million.
Founded in 2013, ITSoft provides offshore software development services. The company has created a unique recruitment model, which enables the formation of technological teams in quick periods to reduce the time and costs of development projects. ITSoft provides expertise across a variety of fields, including back-end, front-end, dev-ops and QA automation.
“Our business has grown more than 50% in recent months, causing us to expand and seek new expert partners that are fully accountable, have wide experience in managing talents and technology and value the models of efficiency that we employ,” said Arik Faingold, president and chairman of Commit. “The acquisition of ITSoft strengthens our ability to continue to provide our unique team-building model, whereby we can build professional qualified teams for our customers in less than two weeks and enable them to try a team before they buy it. We have seen dramatically increasing demand for our team-building model, and ITSoft is a key ingredient in our ability to successfully deliver it to our customers. That is why they’re the perfect complement to our team and will help us deliver the same end-to-end quality solutions, cost efficiency and flexibility that our customers expect.”
Founded in 2005, Commit offers technological solutions and end-to-end development services by developing custom software and IoT platforms for customers looking to build their first or next product. The company specializes in advanced technologies and applications with dedicated methodologies in the fields of software, SaaS, IoT, data, cloud, cyber and ICT.
Since its inception, Commit has led nearly 1,200 computing and development projects for more than 1,000 organizations around the world. The company has offices in New York, Israel and Europe, and has about 550 multidisciplinary professionals.
"Our unique recruitment and retention model allows our customers to shorten recruitment times, recruit motivated quality professionals, save costs and establish technological teams in various models, including a hybrid model with Israeli management,” said Evgeny Golubov, founder and CEO of ITSoft. “In addition, in order to maintain above-average employee retention, we manage expectations for the company and the position. We are happy to team up with Commit to produce the hybrid model, which combines teams from Israel and abroad. We are excited to join the Commit family.”
Read our interview with Commit’s Nirenberg.
