PrimaryBid Case Study

Invest your money quicker and easier. PrimaryBid is a technology platform that allows everyday investors fair access to public companies raising capital.

TECHNOLOGIES USED

Nuxt JS

NodeJs

ENGAGEMENT MODEL

DEDICATED SOFTWARE DEVELOPMENT TEAM AND STAFF AUGMENTATION

WE HELPED PRIMARYBID BY OFFERING THEM:

Teravision helped PrimaryBid by offering:

- Quick access to top tech talent in LATAM
- Flexibility in how they manage their budget
- Inmediate and onboarded benched engineers

The Challenge

Teravision Technologies’ nearshore software development services came into play by assisting PrimaryBid’s lack of capability to start all required projects to execute their go-to-market plan. The main reasons they expressed to us were: Several projects were approved to start at the same time, quick time to market goals, high cost of in-house resources, and high resource turnover. As such, they required help making effective use of their budget in resource allocation.

The Solution

Business: The company was looking for the following capabilities: Fast ramp-up time of nearshore software development teams, budget flexibility, ability to hire cost-effective tech resources, experience delivering projects end to end, best code quality practices, and having an available bench of resources. The client's expected time to hire and onboard an in-house team of eight engineers was eight weeks. Teravision also included as part of the team a Business Analyst who was able to work alongside the client's product owner and accelerate the definition of epics and user stories.

The Results

Fast Ramp-Up: Saved 50% of time on requirement definition for the new project, so the new nearshore software development team could start working right away after onboarding.

Saved 9 weeks of the onboarding of the initial team of 7 resources, Teravision was able to onboard the initial team in one week.

Immediate & Ready-Work-Engineers: Grew the team from 7 to 14 resources in a 8 month period with a ramp-up average time of two days based on having a bench strategy where always there are three resources for training on their team's bench.

Flexible Team Composition: Saved 60% on budget by hiring Teravision in Latin America, vs hiring an in-house team in London.

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