Innovecs

History and Founding

Innovecs was founded in September 2011 in Kyiv, Ukraine, by Alex Lutskiy, who continues to lead the company as CEO. The company started as a software engineering firm and has since evolved into a global AI-augmented technology partner. It has expanded its footprint internationally, now maintaining headquarters in Miami, Florida, with offices and delivery centers across the US, UK, EU, Israel, Australia, and Ukraine.

Business Model and Services

Innovecs operates as a privately held company with no disclosed external funding. Its revenue model is based on providing end-to-end software engineering services, including custom development, AI and machine learning integration, cloud consultancy (with a partnership with Snowflake), DevOps, QA, mobile development, and digital transformation. The company emphasizes an AI-augmented approach to accelerate delivery and improve quality. Its services are tailored to specific industries, notably iGaming, supply chain and logistics, healthtech, AdTech, and fintech.

Sub-Brands and Key Platforms

Innovecs has created three sub-brands to focus on key verticals: Innovecs Games delivers iGaming platform development, real-time gaming experiences, player engagement tools, and compliance-ready solutions for operators and aggregators. Innovecs Supply Chain provides digital transformation for logistics, including warehouse management systems, transportation management systems, and supply chain management solutions. Innovecs Play targets gaming and entertainment applications for mobile, web, and cross-platform play. Additionally, the company offers AdTech development services such as supply-side platforms, demand-side platforms, real-time bidding exchanges, and targeting/retargeting systems.

Market Position and Recognition

Innovecs has been listed on the Inc. 5000 for five consecutive years, indicating strong growth among private US companies. It also appears on IAOP’s list of best global outsourcing service providers. The company has a Net Promoter Score of 92%, signaling high client satisfaction. Its client base exceeds 150, with over 100 projects completed. While specific financial revenues are not publicly disclosed, the consistent recognition and client testimonials suggest solid market standing.

Culture and Awards

Innovecs positions itself as a people-first company, winning awards such as the Inspiring Workplaces 2025 Award (Europe), the EBMA 2023 Best Employee Well-being Initiative, and the Global Good Awards for Employee Engagement & Wellbeing. This focus on well-being is part of its strategy to attract and retain top engineering talent, which supports its global delivery capabilities.

Leadership

Key executives include founder and CEO Alex Lutskiy, CPO/CFO Olha Prykhno, COO Dmitry Kushnir, and CBO Rocky Osborn. The leadership team brings experience from global technology and business strategy roles. Notably, the company does not appear to have a designated CTO in its publicly listed executive team.