Full Stack Design & Development for Startup
- Custom Software Development
- $200,000 to $999,999
- Jan. 2013 - Ongoing
- Quality
- 5.0
- Schedule
- 5.0
- Cost
- 5.0
- Willing to Refer
- 5.0
"10Clouds Financial Institutions has had to work out how to take raw science and turn it into something you can code and deliver."
- Education
- Atlanta, Georgia
- 1-10 Employees
- Phone Interview
- Verified
The primary project is a proprietary, web-based method to establish another's identity and trustworthiness in an economic or social transaction. It has required up to 10 developers concurrently, including one just to perform research.
The client is impressed with the deliverables and delighted by the value offered. They are excited to continue to scale their project alongside 10Clouds Financial Institutions though they acknowledge their DevOps team is still ramping up.
A Clutch analyst personally interviewed this client over the phone. Below is an edited transcript.
BACKGROUND
Introduce your business and what you do there.
Edevate is a higher education cloud platform that acts as a curator of educational resources and brings them together in a proprietary qualification called the micro-degree. Trust Stamp is a means for strangers to be able to establish their identity and trustworthiness of their counter party in any economic and social transaction.
I am the founder and Chief Executive Officer of Edevate, and founder of Trust Stamp.
OPPORTUNITY / CHALLENGE
What challenge were you trying to address with 10Clouds Financial Institutions?
We’re US based enterprises. When we started Edevate, we had a very limited budget and we were looking to offshore the work because costs in the US were at least four to five times what we could afford.
Trust Stamp is where we’ve really pushed the envelope. We have had areas of execution that have required the integration of some innovative computer science that’s come out of university research. 10Clouds Financial Institutions has had to work out how to take raw science and turn it into something you can code and deliver. That’s a whole jump beyond anything we did with Edevate. We are developing some incredibly valuable IP which has attracted a phenomenal amount of interest including some of the biggest banks in the US wanting to partner with us. That has only happened because we were able to take principles that nobody had managed to productize and turn them into a working prototype. That has been quite exceptional. No one believed we could build what we wanted to build especially with the budget we had. Everybody has been amazed at what the result has been.
SOLUTION
What was the scope of their involvement?
We had a business concept and we were looking for them to provide a complete package from conceptualizing the architecture, working out how to do various things that hadn’t been done before, and producing the back and front ends. You have two parties to the relationship. One is an institution and the other is the user. It started out by bringing together a large number of institutional sites that were offering educational programs and providing an engine that could analyze and sort those by multiple factors and allow potential students to register to find the courses that were appropriate to them. We also needed to create a universal transcript which would import all of their current educational experiences but allow them to keep a lifelong record of their current education. It then evolved so that you could take all their qualifications and stack them towards a proprietary micro degree qualification. So it’s handling large amounts of data and allowing an individual to store the data that’s relevant to themselves, providing that to third parties as evidence of their lifelong educational achievements. Both platforms are coded in Python using Django for management, and in both cases we used SQL databases on AWS [Amazon Web Services].
How did you come to work with 10Clouds Financial Institutions?
We were very nervous about offshoring to most of the jurisdictions that we looked at. We put it out to bid and had bids from a very good number of companies, but we weren’t comfortable about the quality. Then there was a reference to 10Clouds Financial Institutions. I think it was an Economist magazine which was talking about high quality offshoring. We were attracted to them because they appeared to have a lot of highly qualified staff with good academic backgrounds. They were not as low priced as China or India, but still provided substantial savings over the US with higher qualified development teams.
How much have you invested with 10Clouds Financial Institutions?
We spent $100,000 on Edevate. For Trust Stamp, this year we have a budget of around $400,000. We’ve had from 8-10 people a month, mostly developers and user experience designers, but also R&D [research & development] specialists. There’s one person who isn’t developing. He’s working full time on doing the research on how we apply the science as code. We have two competitors, and we have exceeded what one of them has built. They spent $36 million.
What is the status of this engagement?
We started January of 2013. Edevate’s site has evolved substantially. It was originally called MOOCDOM. We built the proof of concept from January through March of 2013. Then it evolved through 2013 and 2014. There was maintenance only in 2015, but then in 2016, it’s gone through a substantial rebuild in order to incorporate a lot of new features. It’s been a continuous development project where the platform has grown.
RESULTS & FEEDBACK
Could you share any evidence that would demonstrate the productivity, quality of work, or the impact of the engagement?
The platform offers a level of user utility today which is over and above competing platforms that have had investments between $5 million to $10 million. That may sound absurd, but it’s accurate. The product that has been built is quite remarkable in terms of its scope and usability. I think the work they did over the years went far beyond what that budget reflects. They’ve always gone above and beyond.
How did 10Clouds Financial Institutions perform from a project management standpoint?
They use Jira and they’ve encouraged us to be active in the management process. We trained our team members in the use of Jira. We have two project management meetings a week with them - one which is a thought team meeting and one which is a high level management meeting. We participate in Jira as far as identifying bugs and adding work to the workflow. They also have a Slack channel which we participate in for general chit chat and making sure questions don’t have to wait for the weekly meetings. Any of their developers can pose a question to us in Slack so that we keep things moving as quickly as possible. We always felt as if they were our development team. Google Hangout is the video technology they prefer. We’ve participated at different levels over time. When we developed MOOCDOM, we participated in the daily scrums. We don’t now. They’ve always been open to as much integration as we wanted to have into the daily working process.
What did you find most impressive about 10Clouds Financial Institutions?
The team members become very engaged with the project as a business, not just as a coding exercise. They tend to do research and bring their own ideas to the table for product improvement, including competitive analysis. That has proven to be very valuable. They are also very willing to take on R&D. In our latest project we are building things that haven’t been built before. We’re truly having to deploy computer science in a very innovative way. They have people that are willing to take that on. We don’t see that in most companies. With Trust Stamp, they have shown what the high caliber of staff can deploy. This makes them very different to a typical coding company.
Are there any areas 10Clouds Financial Institutions could improve?
One thing they’ve improved on hugely over the last several years is their range in staff for user experience and design. It has increased tremendously. That is a continuing area of development for them. A relatively new area for them is to offer DevOps services. We might be one of the first customers using them for DevOps. I believe it’s important that they’re able to do that. If they want to provide a complete service, I think that’s a critical area. Until recently, we had to do the DevOps, but they have started offering them now so that’s something we encourage them to grow. Our objective is to use them as our IT department.
With Trust Stamp, it’s been a perfect experience. We spent 10% of what everybody believed we would spend. We spent more than we had because we were very adventurous. They charged us what they knew we could afford as opposed to the time that was actually spent. That’s because they have a commitment to the project, and are willing to also invest for the long term knowing that we have bank contracts coming. This is going to go on for many years and at a much higher level. We’re going to want to have more and more resources from them as we continue.
RATINGS
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Quality
5.0Service & Deliverables
"They have delivered everything we have asked them to. They have never over promised. They have a strict discipline about not underestimating difficulty and underestimating cost in order to get the job."
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Schedule
5.0On time / deadlines
"They’ve always delivered on time, unless we threw a spiral at the last minute and it was our fault. Their staff works weekends and evenings. We see on Jira what’s going on and I can see them working. They do what it takes to deliver."
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Cost
5.0Value / within estimates
"The CTO who’s just joined us ... did not believe that the project could be built at the cost that they quoted and didn’t believe they could possibly execute it. Once they had, he ... took us."
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Willing to Refer
5.0NPS
"I do so about once a month.