Top 10 tech companies in Bulgaria
List of tech companies in Bulgaria
Bulgaria is located in Southeast Europe and is renowned not only for its rich history and stunning landscapes but also for its burgeoning tech industry.
Statista revealed that the software market in Bulgaria anticipates hitting a revenue milestone of US$276.70 million by 2024. Among the segments, Enterprise Software is set to lead with an estimated market volume of US$114.70 million during the same year.
The projected growth trajectory indicates an annual increase of 4.89% (CAGR 2024-2028), culminating in a market volume of US$334.90 million by 2028.
In this article, we’ll take a closer look at the top tech companies in Bulgaria and what makes the country a hotspot for tech companies. We’ll also discuss why firms should outsource to these tech service providers.
What makes Bulgaria a hotspot for tech companies?
Bulgaria has emerged as a hotspot for tech companies due to several key factors that make it an attractive destination for businesses in the technology sector.
Highly skilled workforce
Bulgaria boasts a well-educated and technically proficient workforce with a strong emphasis on STEM education.
The country’s universities produce a steady stream of talented graduates in fields such as:
- Computer science
- Engineering
- Information technology
Cost-effective operations
Compared to many Western European countries and the United States, Bulgaria offers lower operating costs for businesses. This includes competitive salaries for tech talent, affordable office space, and favorable tax incentives for companies.
As a result, tech companies can benefit from cost savings without compromising on the quality of talent or infrastructure.
Strategic location
Situated at the crossroads of Europe, the Middle East, and Asia, Bulgaria offers a strategic location with excellent connectivity to major markets.
This geographical advantage makes it an ideal hub for tech companies looking to access customers and partners across different regions.
Additionally, Bulgaria’s membership in the European Union provides businesses with access to a large and prosperous market.
Supportive ecosystem
The Bulgarian government and various organizations have implemented policies and initiatives to support the growth of the tech industry.
This includes funding programs for startups, incentives for research and development activities, and initiatives to promote innovation and entrepreneurship.
Additionally, Bulgaria has a vibrant tech community with networking events, conferences, and incubators that provide support and resources for tech companies at every stage of their growth.
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Top 10 tech companies in Bulgaria
Here are the ten top tech game-changer companies in Bulgaria:
1. Dreamix
Location: Tintyava 15-17 Str., Sofia, Bulgaria
Dreamix is a bespoke software development company that offers a wide range of services to help businesses streamline their operations and achieve their goals.
The company’s team of experienced developers works with various cutting-edge technologies to create custom software solutions that meet the unique business needs of its clients.
Dreamix provides end-to-end product development services, from ideation and prototyping to design, testing, and launch.
Clients can work closely with the Dreamix team to bring their ideas to life and ensure that their final product meets their specifications.
Once the product is launched, Dreamix provides ongoing support and maintenance to ensure it continues to perform optimally and deliver maximum return on investment.
2. Scalefocus
Location: 69, Bulgaria Blvd., Infinity Tower B, fl. 8 1404 Sofia, Bulgaria
Scalefocus is a global software solutions and services provider that specializes in empowering businesses to grow and meet the challenges of tomorrow. It has a proven track record in creating and accelerating innovations.
Scalefocus offers tailored software solutions to companies across various industries in North America, Europe, and the Middle East.
The company brings together a world-class engineering team and industry expertise to navigate the technology maze for businesses operating in:
- Healthcare
- Fintech
- Insurance
- Energy and utilities
- IT
- Logistics
- E-commerce
- Retail
- Manufacturing
Scalefocus has successfully completed over 500 projects in 26 countries for 300 clients, including Fortune 500 companies, innovative start-ups, and industry leaders.
3. Coherent Solutions
Location: Mladost 1Mladost, Boulevard “Tsarigradsko shose” 40, 1113 Sofia, Bulgaria
Coherent Solutions is a leading global custom software provider. It offers a comprehensive range of engineering services designed to protect businesses’ time, bottom line, and overall success.
This tech firm specializes in digital product engineering, mobile development, artificial intelligence, product design and UX, data and analytics, DevOps and cloud, and quality assurance.
Coherent Solutions is committed to empowering business success and offers comprehensive services to support this goal.
It has a dedicated team that works collaboratively with clients to provide tailored solutions and deliver optimal results.
4. N-iX
Location: Promishlena zona Hladilnika, Blvd. “Cherni vrah” 51, 1407 Sofia, Bulgaria
N-iX is an international firm specializing in software solutions and engineering services, with a successful track record spanning more than twenty years.
It helps leading organizations worldwide turn challenges into lasting business value, operational efficiency, and revenue growth by leveraging advanced technology.
This tech company offers a wide range of services, including:
- Technology consulting,
- Digital transformation
- Custom solution development
- Team extension
- Software engineering
- Software QA testing
- Mobile app development
- UI/UX design
5. Bulbera
Location: Bulgaria, Stara Zagora, Str. “Hadzhi Dimitar Asenov” 89, Floor 2, Office
Bulbera is an innovative software company that specializes in developing efficient software solutions. It offers a wide range of services, including mobile application development for Android, iOS, and cross-platform.
This tech firm develops enterprise systems such as ERP and CRM systems and provides solutions for industries like:
- Banking
- Healthcare
- Travel and tourism
- Web crawling
- Big data management
Bulbera also offers consultancy services, sharing its experience in building products and providing expertise in various roles like business analysis and solution architecture.
5. CST
Location: ul. General Strukov 5, vh. B, et. 4, ap. 12, Svilengrad 6500, Bulgaria
CST is an innovative IT company that specializes in providing customized software development solutions to meet the unique needs of its clients. This tech firm’s expertise includes DevOps, big data, multi-cloud, IoT, and blockchain.
CST has a team of experts dedicated to delivering cutting-edge solutions that are functional, reliable, and of high quality. Its mission is to turn its clients’ vision into reality by focusing on meeting their specific needs and exceeding their expectations.
Specialists at CST collaborate closely with their clients to grasp their needs and deliver customized solutions.
6. Stanga1
Location: g.k. Lozenets, Blvd. “Cherni vrah” 43, 1407 Sofia, Bulgaria
Stanga1 is a software development company that has been in operation for over 23 years. It offers a range of services, including:
- Software development
- Staff augmentation
- Managed projects
- Web software development
- Mobile app development
- Quality assurance and testing
- CTO as a service
- DevOps and security
This tech firm specializes in various industries, such as FinTech, cyber security, health tech, food tech, travel and hospitality, e-commerce and retail, energy, and automotive.
It has a portfolio of successful projects and has partnered with well-known clients like Volkswagen, Amadeus, Imperva, Allot, and DarioHealth.
Stanga1 prides itself on its team of over 300 skilled professionals in various technologies and its ability to deliver projects in a timely manner.
This firm has a strong track record of successfully delivering over 10,000 projects.
7. Platform Devs
Location: 176 Brezovsko Shose str. Plovdiv, Bulgaria 4003
Platform Devs is a software company focused on bringing value to enterprises worldwide through technology. It specializes in engineering, delivering, and supporting software platforms and bespoke business applications.
This tech firm was established in 2011 after the founders decided to join forces. Initially, they faced challenges and experienced two failed attempts before achieving success on the third attempt.
Platform Devs has been recognized for its achievements, including being listed as one of the Top 10 Mortgage Solution Providers in Europe for 2021 by Banking CIO Magazine.
Additionally, it has been identified as the most reviewed software development company in Bulgaria for September 2022 by The Manifest.
8. Nuwey
Location: g.k. Lozenets, ul. “Yakubitsa” 23, 1164 Sofia, Bulgaria
Nuwey is a technology company that believes in supporting and enhancing its clients’ organizational success through customized IT solutions.
It offers a wide range of best-in-class services in IT security, cloud, and endpoint management. Nuwey is committed to excelling at its job, allowing clients to focus on their core business operations.
Nuwey specializes in various areas, including:
- Azure Cloud and Microsoft 365
- Cloud security
- Infrastructure
- Migrations
- Consolidations
- Information protection
- Identity management
- Privileged access management (PAM)
- Identity and access governance (IAG)
The company provides consulting and professional services, acting as an extension to its clients’ IT teams. Its services meet international quality and security standards, as they are ISO 9001 and ISO 27001 certified.
9. Skillo
Location: Ivan Vazov, Vitosha Blvd 146, вход б, 1463 Sofia, Bulgaria
Skillo is a company that offers various services, including dedicated teams, international recruitment, and corporate training. This company was founded by two IT leaders who are passionate about excellence and have a strong technical background.
Skillo is focused on understanding the evolving needs of modern organizations and providing tailored solutions to meet those needs.
This tech firm’s services include connecting businesses with exceptional IT talent. It streamlines operations through efficient outsourcing, and empowers workforces with impactful technical training.
Skillo prioritizes long-term partnerships and aims to deliver exceptional value to its clients.
10. Senstate
Location: 14 Stancionna St, 5300 Gabrovo, Bulgaria
Senstate is an environmental technology (EnvTech) company that offers data-driven environmental and smart city solutions. It aims to improve the environmental stability and efficiency of cities and governments towards the net-zero transition.
This tech company provides solutions based on next-generation apps and advanced hardware systems. It enables businesses and governments to collect environmental sensory data in real-time.
The collected information is then used for analysis, prediction, and data-driven decision-making regarding environmental degradation sources such as air pollution, water pollution, and traffic.
Why outsource to these tech companies?
Several factors distinguish the top tech companies in Bulgaria from their counterparts elsewhere:
Innovative solutions
These top tech companies in Bulgaria are known for their innovative approach to solving problems.
They consistently develop cutting-edge technologies and solutions that address the evolving needs of businesses and consumers alike.
Talented teams
The tech companies in Bulgaria boast highly skilled and motivated teams. Comprised of professionals who are passionate about their work, these teams bring diverse expertise and perspectives to the table.
Customer-centric approach
These companies prioritize customer satisfaction above all else. They go above and beyond to understand their clients’ needs and tailor their solutions accordingly.
Agility and adaptability
The top tech companies in Bulgaria excel in their agility and adaptability efforts. They respond quickly to changes in the market and embrace new technologies and methodologies.
Culture of innovation
Innovation is ingrained in the DNA of these companies. They foster a culture of creativity, experimentation, and risk-taking, where employees are encouraged to think outside the box and challenge the status quo.
Independent
