Commit buys Israeli tech firm ITSoft to bolster its team-building model and cloud of people

Commit, a global technology services company focused on custom software and Internet of Things (IoT) solutions, is reportedly expanding through the acquisition of ITSoft.

ITSoft is an Israeli-founded tech firm providing software development services worldwide. It is planned that ITSoft will significantly reinforce Commit’s growing global presence, adding more than 150 software development specialists to Commit’s international roster of tech development experts. The acquisition value has been estimated at US$3 million (€2.54 million).

Founded in 2013, ITSoft provides offshore software development services to high-tech companies and start-ups worldwide. The company has created a unique recruitment model, which enables the formation of technological teams in quick periods, significantly reducing the time and costs of development projects. ITSoft provides expertise across a variety of fields, including BackEnd, FrontEnd, DevOps and QA Automation, and its portfolio consists of customers such as Cibus Sodexo, Jfrog, TytoCare, Radwin and Microsoft.

“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,” says Arik Faingold, president and chairman of Commit.

Arik Faingold

“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 provides comprehensive solutions and assistance to start-ups and entrepreneurs, from small to large companies and projects of all sizes. The company offers innovative 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 specialises in advanced technologies and applications with dedicated methodologies in the fields of software, SaaS, IoT, Data, Cloud, Cyber, ICT and more.

Since its inception, Commit has led nearly 1,200 computing and development projects for more than 1,000 organisations around the world, and has been a proud partner in advancing the most innovative technologies for companies such as Maytronics, Sapiens, Unitronics, Watergen, and for military and security organisations, financial entities, and more. The company has offices in New York, Israel and Europe, and has about 550 multidisciplinary professionals.

Evgeny Golubov

“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,” says 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.”

Commit is a global tech services company with offices in New York, Israel and Ukraine. The company was founded in 2005 and has more than 550 multi-disciplinary innovation experts who serve a broad range of companies from small start-ups to large enterprises in multiple business sectors. Commit specialises in advanced technologies and applications with dedicated practices in Software, IoT, Big Data, Cloud, Cyber and more.

Comment on this article below or via Twitter: @IoTNow_OR @jcIoTnow


9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, iot home automation is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more

Nozomi Networks and Tripwire announce strategic partnership

Posted on: September 17, 2021

Nozomi Networks Inc., the provider of OT and IoT security, and Tripwire, a global provider of security and compliance solutions for enterprises and industrial organisations, announced they have partnered to help organisations lower cyber risk with consistent security controls that span their IT, OT and IoT environments.

Read more

RightIndem deploys enterprise-grade conversational AI to simplify customer claims process

Posted on: September 17, 2021

RightIndem, an global insurance technology company, has worked with Bristol-based Amdaris to simplify its customer onboarding process via developing enterprise-grade conversational Artificial Intelligence experiences.

Read more