One of the biggest challenges faced by companies (from early stage ventures to established ISVs), is the long lead time to transform an idea into a reality. This lag can cause innovators to mistimed their market entry or, worse, enable their competitors be the first to launch their products! Neo Technologies Outsource Software Product Development (OSPD) service solves these challenges by helping both start-up and established companies rapidly converts their concepts into complete software products.
Offshore software product development is primarily a means of leveraging an expert organization's resources and infusing new thought, skills and expertise, while reducing time to market. Offshore Product Development is the obvious remedy to the current market scenario where technology, skills and approaches are momentary. This volatility nature of technology, skills and methodologies can be converted into an advantage by outsourcing the product Development.
As an Independent software vendor or software product company you must be interested in shorter development and testing life cycles which directly affects time to market, reducing software development and support costs & enhancing product functionality in order to generate greater value to your customers.
At Neo Technologies, we understand OSPD requires the offshore team to work in very close collaboration with the client's engineering team. In the process, partnering with Neo Technologies for your product development services helps you leverage a strong value proposition, low time to market, reduced development costs and quality manpower.
Moreover, Current Financial crisis world over has eroded profit margins of software product companies due to lower sales. All corporate clients have put their budgets on hold. Technology spending has come down drastically. In this scenario, software product companies can still win the race compared to service providers by venturing into Software Product outsourcing.
At Neo Technologies we believe that software product development is different from custom software development and requires extra skills and competencies apart from handling project life-cycle phases.
Product development life-cycle involves additional items like:
Capturing marketing requirements & product requirements
Scalable architecture to accommodate future product direction
Shorter release cycles to release new features and patches
Easy migration path when maintenance releases are available
Framework to manage different customized versions of the product
- Neo Technologies specializes in following key offerings covering entire product development lifecycle, including
Design and Development
Support and Maintenance
Using Neo Technologies methodology, we have launched successful products for following companies:
Mobile Solutions Providers
Finance and Accounting