3 years of the software engineering firm INVID. growth centers on local and nearshore services – News is My Business
Alberto Lugo, president of INVID.
Puerto Rican software engineering company INVID, founded in 2003, has maintained its growth curve over the past three years with services offered to local and nearshore businesses – in the Americas – in need of custom software to solve business problems. .
Alberto Lugo, President of INVID, said that while 2020 has been a “very difficult year, we manage to continue to provide our services, locally and nearby, despite the pandemic and continue to grow, creating new jobs and retaining new employees. local talents “.
The company’s service portfolio includes strategic advice on technology, software design, development and full lifecycle management of custom applications, according to its website. He works with healthcare, government utilities, financial services, communications and education.
âBasically what we’re doing is simplifying the processes and automating the workflow,â Lugo said.
INVID works collaboratively with federal entrepreneurs, e-commerce companies, and dedicated education companies in Puerto Rico and the United States.
âIt’s a pretty wide array of different industries, but they all look for something in common and that is labor, made in the USA and at affordable prices,â Lugo said.
âWe do it through technology or computer programs. We go to a customer, we see a process, we help simplify it, we develop a product or software to help automate it, and then we measure the results, âLugo said.
âWe’re also doing app modernization, which means we take existing apps and put them at the forefront of what’s on the web and mobile devices,â Lugo explained.
âWhat we are developing the most in this region [United States] subcontracts services to third parties. This means that these companies in the Americas are offered services from Puerto Rico, âLugo added.
To offer its services outside Puerto Rico, INVID takes advantage of the advantages offered by the government, through Law 20, which aims to promote the export of services, Lugo said.
And thanks to its export strategy, INVID has been able to add jobs.
âThe company has about 55 employees and we have opened 10 to 15 positions. Most of them are in programming, âLugo said.
As to how the company fared during the COVID-19 pandemic, Lugo said the team “has remained resilient.”
âI think the pandemic affected me and the team more psychologically. The change we had overnight, being locked up and working remotely was very drastic, âLugo said.
However, he said in business terms, the technology and information industry has been one of the “big winners from this pandemic”.
Over the past three years, he said, INVID has grown exponentially by 216%, ranking this year in Inc. magazine’s Inc. 5000 list, which ranks the fastest growing private companies. in the USA.
This is the second year in a row that INVID has been listed. In 2020, INVID received a ranking of 4,599, this year it rose to 2,045e insert.
âOur plans are to continue to see if we grow on this list. We’re not necessarily going to come in every year, but we always want to keep growing in the export strategy, âLugo said. âReceiving a ranking of 2,045 out of 5,000 private companies is a testament to the effort and hard work we have put in in recent years. “
Journalist MarÃa Victoria Arenas contributed to this story.