16 It Company Success Stories [2024]
Here are some real life success stories of starting a IT company:
1. Apps:Lab ($72K/year)
a team member as a dedicated product manager to handle their project and ensure successful delivery. Our current revenue stands at $3,500 per month, with 85% generated from software development services and the remaining 15% from our flagship on-demand food delivery app, LetaFood. Despite the challenges in the current market, we are focused on expanding our in-house projects and product development to drive future growth and change the narrative of technology adoption in Kenya and Africa.
How much they make: $72K/year
How much did it cost to start: $1.2M
Current team size: 5
Apps: Lab KE is a software development company generating $3,500 per month, specializing in problem-solving using technology and data for businesses and communities.
2. Common Sense Holdings ($120K/year)
Maanda Mulaudzi, founder of Common Sense Holdings, came up with the idea for his technology solutions startup during a bus trip in South America. After realizing he wanted to leave his corporate job behind, he started the company upon returning to South Africa and now focuses on rapid prototyping to meet client needs. With a turnover of $5,000 a month, Mulaudzi aims to increase monthly revenue by 100% in the coming year.
How much they make: $120K/year
Current team size: 2
South African startup Common Sense Holdings, founded by Maanda Mulaudzi, specializes in mobile apps, web-based applications, and IT consulting in the education and business sectors and is on track to double its $5,000 monthly revenue with new clients.
So... can you actually make money with a IT company?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
3. Marine Digital ($6K/year)
Ivan, the founder of Marine Digital, came up with the idea to create a modern digital service in the marine industry after seeing how outdated and inefficient the industry was during his work in banking, IT, and logistics. With the support of APX VC Fund and a pivot in his business, Ivan and his team developed a fuel optimization system that has garnered interest from clients and generated €60K in revenue from pilot projects. Now, they are launching the production of their digital twin in the EU, with plans for worldwide mass-market scaling in the future.
How much they make: $6K/year
How much did it cost to start: $1M
Current team size: 12
Marine Digital is a deep-tech company that aims to make modern instruments of decarbonization available for the mass market and has made massive progress in performance digital twin cost reduction (10 times lower than the average market cost), providing opportunities for non-giant marine companies to use it, with 3 pilots earning about €60k.
4. Twelvedevs ($1.2M/year)
Andrey and his co-founder Alexander were working as programmers in a software development outsourcing company when they decided to start their own company. Inspired by stories of small teams achieving success, they came up with the idea of creating a small team of 12 top developers. However, they soon realized that they needed to expand their teams to grow the company, leading to the formation of Twelvedevs, an IT consulting and custom software development company. Since its launch in 2012, Twelvedevs has completed over 70 projects in various industries, including Fintech and logistics, and has become one of the leading custom software development companies with over $100k in revenue per month.
How much they make: $1.2M/year
How much did it cost to start: $300
Current team size: 50
Twelvedevs, an IT consulting and custom software development company, shares its success story after 9 years of completing more than 70 projects across various industries, having over $100k revenue per month, fifty employees, and a soon-to-be-opened branch in the U.S. for Fintech and logistics.
So... can you actually make money with a IT company?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
5. iDigitize ($168K/year)
iDigitize leverages low-code/no-code technologies to help companies overcome their fear of investment by providing cost-effective and efficient services. Mumtaz Kazi, the founder, saw the potential of Microsoft Power Platform during his time in the healthcare sector and decided to spread the word and create a business that offers process automation, training, and analytics services. Through word of mouth and utilizing LinkedIn, iDigitize has attracted and retained customers, and their future plans include becoming a Microsoft Gold Partner and launching a product on the Microsoft Marketplace.
How much they make: $168K/year
How much did it cost to start: $1.4K
Current team size: 5
iDigitize founder Mumtaz Kazi shares how she started an online business providing process automation, training, and analytics services, becoming a Microsoft Partner and academic partner of prestigious universities in less than a year, and plans for the future including launching a product on Microsoft Marketplace.
6. iContact ($28.8M/year)
How much they make: $28.8M/year
Current team size: 151
iContact was built by Ryan Allis and Aaron W. Houghton to provide user-friendly email marketing tools for small businesses worldwide, resulting in the recent $169 million purchase of the company by Vocus.
So... can you actually make money with a IT company?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
7. ClearForMe ($3.9M/year)
How much they make: $3.9M/year
Current team size: 11
ClearForMe is an ingredient SaaS solution used by 300 companies, including Credo Beauty and Ulta Beauty, offering user-friendly ingredient education, filter, and search capabilities based on transparency and customization, with over 1.6 million ingredients.
8. Ahead Intranet ($936K/year)
How much they make: $936K/year
Current team size: 14
Ahead Intranet is a SaaS platform that fosters employee engagement, innovation, and customer satisfaction, while costing 90% less upfront than existing intranet solutions; making $78K/month and growing a team of 14 employees.
9. Productfy ($2M/year)
How much they make: $2M/year
Current team size: 35
Productfy is a platform for creating financial applications that any business can use to launch financial products cost-effectively.
10. Evotix ($17M/year)
How much they make: $17M/year
Current team size: 150
CEO Matt Elson acquired health and safety management company Evotix for $1, improving their traditional sales team and raising $10 million through Series A and B funding rounds, increasing revenue by 50% YoY and achieving over $14 million in annual recurring revenue with a team of 150 people and 400-500 paying customers.
11. Propster ($1.2M/year)
How much they make: $1.2M/year
Current team size: 28
PROPSTER is a cloud-based configuration platform that helps property companies increase off-plan sales, improve efficiency, and give customers a great purchasing experience with over 8k users, 5 countries, and more than 200 projects.
12. InterFace ($180K/year)
How much they make: $180K/year
Current team size: 23
A real estate agent in LA founded InterFace, a provider of data superpowers for real estate sales and marketing, and bootstrapped to $15K MRR in less than a year with plans to grow through acquisition and merger with a complementary business.
- 4,818 founder case studies
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- 8,628 business ideas
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- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
