Custom Software Development for Private Equity Investors
Featured Review- Custom Software Development
- $200,000 to $999,999
- May 2021 - Ongoing
- Quality
- 5.0
- Schedule
- 5.0
- Cost
- 5.0
- Willing to Refer
- 5.0
"CoreBlue’s maturity and accreditations in security and quality give us the confidence to pick them as our partner."
- Software
- 11-50 Employees
- Online Review
- Verified
CoreBlue has developed bespoke scalable software for private equity investors and business executives. They've migrated an existing platform into a new environment, led testing, and provided ongoing support.
Thanks to CoreBlue's work, the client has witnessed significant improvements in their brand presence. Their high-risk-high-value approach to business and cost-efficiency are hallmarks of their work. They are very communicative via Slack. They hold biweekly meetings to keep the client up to date.
The client submitted this review online.
BACKGROUND
Please describe your company and your position there.
Executive Nexus supports world class senior executives and leading private equity firms to build relationships of high mutual value. Our private equity clients work with us on a subscription basis to create connections with world class executives who they are interested to work with on deals or in their portfolio.
As Head of Product & Operations, I (Tom James) am responsible for overseeing the delivery of Nexus and communicating the challenges Executive Nexus wishes to solve and the ways in which we want to progress. I was and am still very involved in the ongoing development with CoreBlue often as the primary client stakeholder in delivery meetings.
OPPORTUNITY / CHALLENGE
For what projects/services did your company hire CoreBlue, and what were your goals?
We came to CoreBlue with an initial release of the Nexus platform already deployed. We had the requirement for a mature, capable development team. The need for ongoing development to address our business needs was apparent, but there was a particular demand for technical advice.
As technology delivery consultants, we wanted CoreBlue to understand our challenges and work with us to come up with technical solutions. The challenge posed to CoreBlue was how we could adopt our ethos of automation and capitalise on the value of our data.
SOLUTION
How did you select this vendor and what were the deciding factors?
In our initial meetings with CoreBlue we wanted to be confident that they were capable of maintaining our existing product that was already functional and revenue generating. As Nexus was built in Laravel, CoreBlue was able to provide many case study projects demonstrating their relevant technical expertise. In speaking with their leadership and senior team, it was clear that CoreBlue has the required skill set to take on the project, along with similar values.
As we already had active, high-value users we wanted to choose a company that could provide a high-level of assurance and remain accountable for the security and robustness of this business-critical platform. CoreBlue’s maturity and accreditations in security and quality give us the confidence to pick them as our partner.
Describe the scope of work in detail, including the project steps, key deliverables, and technologies used.
Our initial engagement with CoreBlue started with the migration of our existing platform onto a new environment under the control of ourselves and CoreBlue. We had suspected this would be a great deal of work, however CoreBlue were able to complete the migration and conduct an initial audit of the entire system to form new documentation and gain a deeper understanding of the mechanics underlying the system.
We were able to conduct this initial package of work under initial estimates. Beyond migration, our roadmap was to take this proof of concept portal and transform it into a high-performance, scalable and reliable tool for our clients & users.
There were a number of functional changes we wished to make, bugs we were aware of, performance issues and general gripes that we’d asked for advice on. With this list, CoreBlue worked with us to estimate the work in manageable packages and prioritise the deliverables in the form of most value add first. We were brought into their project management tool to keep us in control of delivery and maintain a high level of communication throughout. During the early stages of development, this was very important for us due to the high-assurance nature of the work and its unavoidably challenging architecture.
Despite these challenges, CoreBlue was able to introduce mechanisms of de-risking updates with testing environments, backups & disaster recovery policies and automated deployment & rollback procedures which gave us confidence in the system which we had a number of concerns with previously.
Since our relationship with CoreBlue has grown, CoreBlue are being made more and more responsible for our technical strategy and are taking ownership over a lot of the work I have been responsible for previously for instance feature planning and general testing.
CoreBlue have proposed new strategies that de-risk changes to the platform and reduce my workload by completely rearchitecting a number of our more risky elements that depend on 3rd party services and replacing with them safer and sometimes bespoke alternatives that better cater to our needs.
Alongside the development work we also agreed a service level agreement (SLA) which allows us to request urgent updates and investigation out of hours as required, this was important to us as there have been issues with the initial code base which we have asked CoreBlue to support, often with complex issues stemming from third-party platforms and integrations which require immediate attention given the high-value nature of our client base.
How many people from the vendor's team worked with you, and what were their positions?
In total we have worked with around 4 or 5 engineers and developers in total however we most closely deal with 1 or 2 of the development team. CoreBlue’s CTO, and Senior Developers and Senior Frontend Engineers have been heavily involved in the strategic direction of the project.
RESULTS & FEEDBACK
Can you share any measurable outcomes of the project or general feedback about the deliverables?
The development has primarily been to conduct general improvements, feature changes etc. However there have been some more significant improvements. When Executive Nexus completed a branding refresh, there was a major deliverable to update the design of the platform to match our new brand.
Our prototype wasn’t prepared for major design changes so this posed a potentially significant investment. CoreBlue was able to assign their Head of Design to update the design of the Nexus platform efficiently without having to rebuild the entire frontend.
Another high-risk, high-value deliverable was the onboarding flow for a new client. A new client in the Nexus platform entails a new connection to a 3rd party service. Previously, Nexus was built such that major development would be necessary for any new client and the onboarding process required weeks of debugging to fine-tune configuration on the client’s end that was a predominantly manual process.
CoreBlue was able to build an automated validation and connection process that allows us to onboard new clients much faster and automatically validate their config to inform the client of the necessary configuration changes required. Making this process seamless for the client is a major priority for us as it’s often the first piece of work they commission from us and can form the foundations of our relationship. CoreBlue’s advice and expertise on this process has been invaluable.
Describe their project management style, including communication tools and timeliness.
Core Blue invited us into their Slack workspace, giving us quick and easy communication with the development team. The features necessary in Nexus often require extensive knowledge in how we work as a business and in the private equity industry in general. CoreBlue being able to ask us questions easily throughout development or jump on adhoc calls was integral to the success of the Nexus platform and speed of development.
We wanted to work within a strict budget with CoreBlue and they were able to facilitate that with monthly reports on time spent and breakdowns of where in the project required most effort. When this came into question, CoreBlue were able to work with us to figure out where time would be best spent and how we could make the most out of the time available for the project each month. We were often invited into daily standups to discuss the progress of development and to discuss any difficulties being faced during development.
In the early stages of development, this was necessary but as the product has become more stable, CoreBlue is working with us to reduce this need and is instead moving towards bi-weekly sprint demos where they can showcase major deliverables.
What did you find most impressive or unique about this company?
We came to CoreBlue with the simple need for developers that could help us build our platform. With our engagement, CoreBlue has grown into a more consultative role, allowing us to focus on our own business and rely on CoreBlue to help us determine the best route to achieve our goals through technology. CoreBlue have met with our board in London and have been able to work with us to produce a roadmap for the company with strategies to make the most out of our investment in the platform.
Are there any areas for improvement or something they could have done differently?
The project has evolved over the time we have worked with CoreBlue and through continuous development, there have been areas on the project that have required rework. In a perfect world, I would have liked for these things to be considered in the beginning, but I understand that CoreBlue's efforts in presenting solutions and working closely with our team has meant that working features have been prioritised based on current company requirements.
As our company evolves and is able to feedback on features CoreBlue have completed, CoreBlue works well with us to iterate and improve the software for the benefit of the company and our clients
RATINGS
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Quality
5.0Service & Deliverables
-
Schedule
5.0On time / deadlines
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Cost
5.0Value / within estimates
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Willing to Refer
5.0NPS