SSI attributes the revenue increase to the combination of new clients selecting SSI, particularly in new markets, and the increase in contractual value of existing clients. Improved client retention has also contributed to the company’s growth. SSI’s top 10 clients now have an average tenure of over eight years.
The company has entered new markets, including New York City, to better serve its fintech and financial services clients, and expanded its office in Munich, where manufacturing companies are increasing their use of Industrial Internet of Things (IIoT) applications.
Recent innovative projects include cutting-edge Web3, NFT, distributed ledger technology (DLT) and wallet technologies for decentralized finance (DeFi), IloT and Metaverse applications. A new strategic relationship with a top industrial consortium in Europe involves motion technologies.
“SSI achieved a number of important milestones over the course of 2022, including successfully navigating the COVID-19 pandemic, reaching 500+ employees globally, and securing a record number of client contracts,” said Shoaib Abbasi, Founder and Chairman of SSI.
Hiring the best and brightest has always been a high priority for SSI. SSI has made extensive efforts to retain top talent, with over 1200 hours invested in employee training in 2022, including Microsoft Azure and AWS Cloud Practitioner training, and issuing 60 promotions. Experienced employees now have an average tenure of over 15 years, significantly higher than the industry average.
Additional milestones accomplished by SSI in 2022 include:
- Implemented the Scaled Agile Framework (SAFe) for clients.
- Established a corporate venture capital arm called Palm Investments to invest in select early-stage tech clients.
- Enhanced partnerships with AWS, Microsoft, and Google.
“Staying close to our clients and understanding their business needs and challenges has always been and will continue to be part of our DNA,” added Abbasi. “We are committed to remaining squarely focused on securing our continued growth trajectory in 2023 as we look for more and better ways to serve our clients while strengthening our operating model in today’s global environment.”
About Strategic Systems International, LLC
SSI is a software development and advanced analytics firm headquartered in Chicago, with offices in New York, Munich, Lahore, and Kuala Lumpur. Its unique operating model leverages onshore and offshore resources to deliver long-term value for its clients. SSI specializes in FinTech, HealthTech, Internet of Things (IoT), digital commerce, Software as a Service (SaaS), and data and analytics applications. The company has more than 500 global employees and three decades of experience delivering technology services to enterprises such as Thomson Reuters, BASF, Newsweek, and Kraft, as well as rapidly growing tech startups and digital companies. More information about SSI is available at www.ssidecisions.com.
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