Vendor Analysis
published on Oct 27, 2022
Report Overview:
This NelsonHall vendor assessment analyzes Apexon's offerings and capabilities in Cloud, SaaS, and BPaaS services for the banking and financial services sector
Who is this Report for:
NelsonHall’s ‘Transforming Financial Services with Cloud, SaaS, and BPaaS Services’ profile on Apexon is a comprehensive assessment of Apexon’s offerings and capabilities for the BFS sector, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of Cloud, SaaS, and BPaaS processes and identifying vendor suitability for Cloud, SaaS, and BPaaS services RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the support services sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of Apexon’s BFS-focused Cloud, SaaS, and BPaaS service offerings and capabilities, and market and financial strength, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, weaknesses, and outlook
- Revenue estimates
- Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and key service components
- Analysis of the company’s delivery organization including the location of delivery locations.
Key Findings & Highlights:
Apexon is a digital native services vendor. It was formed in early 2022 by merging Technosoft Corporation (dba Apexon) and Infostretch. Both firms focused on delivering engagements for Experience, Engineering, and Data. In addition, the firms made the following acquisitions to strengthen their capabilities:
- Gathi: a boutique data engineering firm with a strong presence in the BFSI space
- Saggezza: a digital technology and consulting firm with expertise in Salesforce, data analytics, and UI/UX
- Adapty: a provider of B2C and B2B enterprise e-commerce solutions.
Apexon’s primary investors are Goldman Sachs and Everstone Group. Apexon is focused on delivering:
- Experience, including UI/UX strategy, digital commerce, and CX solutions based on the Salesforce platform
- Digital engineering, including Cloud, IoT, Quality Engineering, Intelligent Applications, and Intelligent Automation
- Data, including data strategy, data engineering, visualization, data management, advanced analytics, AI/ML, and Managed Data Services.
Apexon’s largest industry client base is in the BFS industry, where it focuses on cloud transformation services.