Accion Labs
About
Back in the early 2000s, soon after the Internet bubble burst, our founding team started re-imagining the supply chain of software innovation.In the first wave of e-innovation, technology firms were being built in a very long “waterfall” type model where engineering start-ups would begin by raising a large chunk of money and then proceed to a number of long sequential tasks such as the hiring of a large R&D team, definition of product requirements, definition of the development and production architectures and then finally the engineering and deployment of the product.
This process took a long, was error-prone, and was hard to control. A number of product firms failed to deliver value to the investors because of these challenges.We envisioned a better way of building commercial products where the ‘innovators’ would use the 'building blocks' of software and focus on assembling solutions, versus building everything from scratch. After all, most hardware-centric companies were operating in that manner, so why not software?
With this insight, Accion Labs was born. We envisioned that to assemble quality solutions using software building blocks, a unique skill set was needed, and by subscribing to these skills from Accion Labs, software companies could rapidly build their product without having to deal with the “logistics” of setting up a facility/teams, hiring teams of software engineers through hundreds of interviews, trying out different product architectures, etc.
In this new model, not only software companies were able to deliver the products early and avoid making early-stage fixed-cost commitments, but they could also leverage the diverse expertise of a partner such as Accion who had experience in building numerous software products.Over the years, Accion Labs refined the same model for Enterprise customers also and expanded its engagement models from professional staffing to projects into extended delivery teams.
Today, Accion Labs offers a range of pricing models, partnership structures, and reusable components/tools and has made hundreds of engineering teams very successful with its unique set of skills in technology.Our HistoryHeadquartered in Pittsburgh, PA, Accion Labs was founded in 2011 by Kinesh Doshi, Tony Kernan, and Sandesh Sukumaran. The trio saw a gap in the technology marketplace and developed a strong focus on the leading and emerging technologies.
Accion has been listed as one of Pittsburgh's Fastest Growing Companies by the Pittsburgh Business Times for four consecutive years, the Inc. 5000 Fastest Growing Private Companies in America for two consecutive years, a finalist for the Pittsburgh Technology Council Tech 50 for two consecutive years, and CEO, Kinesh Doshi, was an EY Entrepreneur of the Year. read more
Growth
The company is currently in the scale-up phase, having surpassed the startup stage and showing promising signs of expansion and market presence. With a well-established team and a diverse portfolio of offerings, the company is positioned for rapid growth and increased market share. Their focus on driving value for customers sets them apart in a competitive landscape, making them an attractive partner for businesses looking to accelerate their growth.
Achievements
Over the years, the company has achieved significant milestones that have contributed to its success. These include doubling its revenue in the last fiscal year, penetrating new markets successfully, and expanding its customer base by 50%. The company has also received industry recognition for its innovative solutions and outstanding customer service, further solidifying its position as a market leader.
Case Studies
One notable case study involves a major project the company undertook for a Fortune 500 company, resulting in a 30% increase in efficiency and cost savings of over $1 million. This project demonstrated the company's ability to deliver tangible results and added value to its clients. Another significant case study revolves around a successful product launch that garnered widespread acclaim and increased market demand, showcasing the company's ability to innovate and meet customer needs effectively.
Key Events
Key events in the company's history include successful product launches that garnered media attention and drove significant revenue growth. Partnerships with leading industry players have also contributed to the company's expansion and market visibility. Recent acquisitions of smaller firms to enhance product offerings and talent pool further underline the company's commitment to growth and innovation. Additionally, the company has secured multiple funding rounds to fuel its expansion and development efforts, solidifying its position as a market leader.
Socials
Website
Founded
2011 (13 yrs old)
Operating Status
Active
Industry
Finance
Investment
Business Services
Consumer
Healthcare
headquarters
Address
Country
Employees
5000
Key People
Kinesh Doshi is the CEO of Accion Labs. (CEO)
Services
Responsible Investing
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Team News & Insights
Investment Team
Strategic Resource Group
Revenue
Operating Income
Stock Price
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Accion Labs
-
Website
-
Founded
2011 (13 yrs old)
-
Number of employees
5000+
About Accion Labs
Back in the early 2000s, soon after the Internet bubble burst, our founding team started re-imagining the supply chain of software innovation.In the first wave of e-innovation, technology firms were being built in a very long “waterfall” type model where engineering start-ups would begin by raising a large chunk of money and then proceed to a number of long sequential tasks such as the hiring of a large R&D team, definition of product requirements, definition of the development and production architectures and then finally the engineering and deployment of the product.
This process took a long, was error-prone, and was hard to control. A number of product firms failed to deliver value to the investors because of these challenges.We envisioned a better way of building commercial products where the ‘innovators’ would use the 'building blocks' of software and focus on assembling solutions, versus building everything from scratch. After all, most hardware-centric companies were operating in that manner, so why not software?
With this insight, Accion Labs was born. We envisioned that to assemble quality solutions using software building blocks, a unique skill set was needed, and by subscribing to these skills from Accion Labs, software companies could rapidly build their product without having to deal with the “logistics” of setting up a facility/teams, hiring teams of software engineers through hundreds of interviews, trying out different product architectures, etc.
In this new model, not only software companies were able to deliver the products early and avoid making early-stage fixed-cost commitments, but they could also leverage the diverse expertise of a partner such as Accion who had experience in building numerous software products.Over the years, Accion Labs refined the same model for Enterprise customers also and expanded its engagement models from professional staffing to projects into extended delivery teams.
Today, Accion Labs offers a range of pricing models, partnership structures, and reusable components/tools and has made hundreds of engineering teams very successful with its unique set of skills in technology.Our HistoryHeadquartered in Pittsburgh, PA, Accion Labs was founded in 2011 by Kinesh Doshi, Tony Kernan, and Sandesh Sukumaran. The trio saw a gap in the technology marketplace and developed a strong focus on the leading and emerging technologies.
Accion has been listed as one of Pittsburgh's Fastest Growing Companies by the Pittsburgh Business Times for four consecutive years, the Inc. 5000 Fastest Growing Private Companies in America for two consecutive years, a finalist for the Pittsburgh Technology Council Tech 50 for two consecutive years, and CEO, Kinesh Doshi, was an EY Entrepreneur of the Year. read more
Why Setting Up a Virtual Delivery Center (VDC) Is Critical for Your Company’s Success
Achieving business success in today’s competitive landscape requires specialized expertise, seamless operations, and continuous innovation. Establishing a Virtual Delivery Center (VDC) can transform your company’s growth journey by ensuring efficiency, scalability, and long-term value.
Why Choose a VDC for Your Company?
1. Cost Optimization:
Save up to 70% on operational costs by leveraging remote teams and streamlined processes.
2. Expert Access:
Gain instant access to highly skilled professionals, ensuring faster and smoother project execution.
3. Scalable Teams:
Scale your team as business needs evolve, from initial project setup to long-term support.
4. Accelerated Timelines:
Leverage 24/7 global teams to reduce project delays and speed up implementation.
5. Continuous Support:
Ensure uninterrupted business performance with ongoing maintenance and updates.
Unlock Business Success with a VDC By establishing a VDC, your company can overcome operational challenges, achieve seamless system integration, and maximize ROI. Stay ahead in today’s dynamic market with a future-ready business strategy powered by a Virtual Delivery Center. Learn More About Us
Book A Meeting To Setup Your VDC
