Accion Story Timeline
Back in the early 2000s, soon after the Internet bubble burst, our founding team started re-imagining the supply chain of software innovation.
In the first wave of e-innovation, technology firms were being built in a very long “waterfall” type model where engineering start-ups would begin by raising a large chunk of money and then proceed to a number of long sequential tasks such as the hiring of a large R&D team, definition of product requirements, definition of the development and production architectures and then finally the engineering and deployment of the product. This process took a long, was error-prone, and was hard to control. A number of product firms failed to deliver value to the investors because of these challenges.
We envisioned a better way of building commercial products where the ‘innovators’ would use the 'building blocks' of software and focus on assembling solutions, versus building everything from scratch. After all, most hardware-centric companies were operating in that manner, so why not software? With this insight, Accion Labs was born. We envisioned that to assemble quality solutions using software building blocks, a unique skill set was needed, and by subscribing to these skills from Accion Labs, software companies could rapidly build their product without having to deal with the “logistics” of setting up a facility/teams, hiring teams of software engineers through hundreds of interviews, trying out different product architectures, etc. In this new model, not only software companies were able to deliver the products early and avoid making early-stage fixed-cost commitments, but they could also leverage the diverse expertise of a partner such as Accion who had experience in building numerous software products.
Over the years, Accion Labs refined the same model for Enterprise customers also and expanded its engagement models from professional staffing to projects into extended delivery teams. Today, Accion Labs offers a range of pricing models, partnership structures, and reusable components/tools and has made hundreds of engineering teams very successful with its unique set of skills in technology.
Headquartered in Pittsburgh, PA, Accion Labs was founded in 2011 by Kinesh Doshi, Tony Kernan, and Sandesh Sukumaran. The trio saw a gap in the technology marketplace and developed a strong focus on the leading and emerging technologies. Accion has been listed as one of Pittsburgh's Fastest Growing Companies by the Pittsburgh Business Times for four consecutive years, the Inc. 5000 Fastest Growing Private Companies in America for two consecutive years, a finalist for the Pittsburgh Technology Council Tech 50 for two consecutive years, and CEO, Kinesh Doshi, was an EY Entrepreneur of the Year. Here is a brief overview of our timeline:
Holds an Innovation Summit in Goa with over 150 customers/participants
Establishes an office in Tornto, Canada
Acquires Motifworks to offer Cloud Migration services
Makes Inc. 5000 Fastest Growing US Companies list
Acquires InfoGlen to expand its ERP services offerings
Accion acquires Parinati Solutions to open offices in Goa, India
Awarded Pittsburgh's fastest growing technology services firm (#1 Tech Services, #3 Overall)
Acquires majority stake in ServiceBerry to establish ITSM capabilities
Expansion in Europe with opening of London Office
Adds West-Coast presence with opening of Santa Clara office
Acquires Hibiscus to enhance its mobility offerings
Expansion in APAC with opening of Malaysia Office
Acquires Reach1To1 to enhance its Big Data capabilities
Shortlisted as TOP20 Big Data service providers by CIO Review
Acquires Hutranz Singapore Pte Ltd to establish presence in Singapore
Establish first Overseas Office in Bangalore, India
Opens an office in Atlanta
Accion crosses 100 employee mark
Offers Cloud and Big Data services
Crosses 50 employee mark and becomes profitable
Accion founded in Pittsburgh, PA with focus on PDLC services