Company news

Software Mill - a part of VirtusLab Group, has partnered with Niebezpiecznik, a renowned cybersecurity consultancy known for its deep expertise in penetration testing, training, and online news services. This collaboration enhances VirtusLab Group's cybersecurity capabilities.

• Network Vulnerability Assessment,
• Web Application Penetration Test,
• Network Penetration Test,
• Social Engineering Test,
• Advanced Persistent Threat,
• Code Security

Their team of skilled pentesters identifies system weaknesses, and VirtusLab Group engineers can deliver secure software solutions. By expanding its cybersecurity expertise, VirtusLab Group can better protect Clients’ systems, data, and infrastructure from sophisticated attacks, ensuring the resilience and reliability of its services.

VirtusLab and SoftwareMill have merged, combining expertise in cloud, data science, Java, and Scala. Both companies retain their distinct identities while leveraging synergies to offer tailored software solutions. 

VirtusLab Group expands its team by over 100 experts, enhancing services for clients globally, especially in key markets like the US, UK, and Germany.

We're proud to announce that Virtuslab made it onto the Financial Times list of 1000 fastest-growing companies across diverse sectors. Just like in 2019, 2020, and 2021, we got on the list 2022 as well. Additionally, we're ranked 4th among technology companies in Poland.

Since 2017, the Financial Times, a venerable titan in business journalism, in partnership with Statista, a respected research firm, has diligently curated a prestigious ranking that resonates with the pulse of European business landscapes. 

This ranking, a testament to the dynamism and resilience of enterprises, celebrates the 1000 fastest-growing companies across diverse sectors, showcasing those that have achieved remarkable compound annual growth rates in revenue over specific periods (this year’s scrutiny spanned from 2017 to 2020).

The requirements to get on the Financial Times list of 1000 fastest-growing companies

To earn a coveted spot in this year's edition, a company had to clear the rigorous benchmarks outlined by Statista. These criteria serve as pillars of distinction, emblematic of the vigor and authenticity intrinsic to the #ft1000:

• A minimum revenue threshold of 100,000 Euros must have been attained in 2017.
• By the culmination of 2020, the revenue bar must have soared to at least 1.5 million Euros, signifying a substantial stride in financial prowess.
• Independence reigns supreme; only entities that stand autonomously, untethered from the shadows of parent corporations or subsidiary affiliations, were deemed eligible for consideration.
• European roots are non-negotiable; the headquarters must be firmly planted within the vibrant tapestry of the European continent.
• Organic growth, the true hallmark of enterprise evolution, is the cornerstone; the surge in revenue from 2017 to 2020 must have been nurtured internally, a testament to strategic ingenuity and operational prowess.
• A pristine track record is imperative; companies that have weathered the storms of market volatility without succumbing to share price irregularities over the past 12 months stand as exemplars of steadfastness and integrity.

But it's not just about numbers for us. At Virtuslab, we have core values that drive us:

Our values

We believe in building strong, long-lasting partnerships with our clients. That means we focus on trust, being clear, and growing together. We understand what our clients need and help them succeed over the long haul.

We're also driven by technology and innovation. We love keeping up with the latest tech trends and finding new ways to solve problems. Being tech-savvy is a big deal for us!

We are as strong as our community. That’s why we like to give back and help out where we can. We're big supporters of open-source projects. By sharing and working together, we can all do more.

Last but not least, our team is important to us. We work hard to attract the best people, help them grow, and keep them around. Our clients build on our people who support them with knowledge and incredible coding skills.

As we celebrate making it onto the #ft1000 list once again, we're keeping our values close. They're what keep us grounded and focused as we keep pushing ahead into the future.

As we celebrate this achievement, we remain deeply grateful for the trust and support of our clients, partners, and team members. Together, we're not just shaping the future of our company, but also making a positive impact on the communities we serve, our environment, and the organizations we work with. Our values as the foundation, we're excited to continue pushing boundaries, driving innovation, and creating lasting value for all stakeholders in the years to come.

Forbes Diamonds is one of the most prestigious rankings among Polish private companies. It has been organized by Forbes Polska magazine since 2015 and awards companies with the fastest growth in value over the last three years. Analysts rated enterprises from various industries using the well-known Swiss company valuation method, considering financial results and their assets’ value. The winners are divided into three categories according to sales revenues in the last accounting year: revenues above PLN 250 million, PLN 50 to 250 million, and from PLN 5 to 50 million.

VirtusLab has been awarded with Forbes Diamonds once again, after 2019 and 2020.

See the whole ranking ➡️ here.

Again, after the years 2018–2020, we have received the Business Gazelles award—granted by Puls Biznesu. We are proud to once again be part of this prestigious group of the most dynamically developing small and medium-sized companies in Poland.

Since 2000, Business Gazelles has been the most recognized ranking of small and medium-sized enterprises in Poland. It is based on objective criteria—financial results. Puls Biznesu evaluates candidates based on their financial performance over the previous three full years for each ranking edition. Additionally, companies must have an annual turnover between PLN 3 million and PLN 200 million, with continuous year-on-year growth in both revenue and profit during the examined period.

Receiving a Business Gazelles award signifies that a company is growing dynamically and operates with transparency.

We are grateful for this recognition and incredibly proud of the #VLteam for making it happen again! 🎉

Aquiline, founded in 2005, is a private investment firm based in New York and London investing in companies across financial services and technology, business services, and healthcare industries. The firm has $7 billion in assets under management.

VirtusLab reached the level where we have multiple locations in Poland, UK and Germany. We are not stopping there and with the help of Aquiline as our investor, we are making another quantum jump into higher energy levels. The partnership will be used to further accelerate organic growth through the attraction and retention of top-tier talent, strengthen VirtusLab’s R&D department focused on software development efficiency, and acquisitions to expand the scale and reach.

Our existing management will roll a portion of their equity stake and maintain ownership in the company.

We are excited by our new partnership and look forward to working with Aquiline to leverage their unique expertise in helping companies like ours scale. VirtusLab’s ambition is to become the best, leading software technology company operating globally with development centers in Poland and other European countries. Our platforms and proprietary software represent leading innovations in our space and the investment from Aquiline leaves us well poised for growth amidst accelerating customer demand. Their support also comes at a crucial time when competition for talent has reached an all-time high.

Rafał Pokrywka, CEO of VirtusLab

Rafal and the VirtusLab team have built an excellent platform with exceptional development talent and a strong customer base. We look forward to working together to accelerate growth and build a global leader.

Vincenzo La Ruffa, president of Aquiline Capital Partners

We will maintain the highest level of our services. This partnership is to help our whole company grow and become the leading software company

We’re excited to call the Regent Office our new home, occupying the entire third floor of this exceptional building. Designed with flexibility in mind, our workspace adapts seamlessly to the changing demands of modern work. It features collaborative spaces for team synchronization, expanded hot desk options across Cracow locations for all employees, and permanent desks for those who prefer a regular office setup.

The Regent Office has an underground car park, bike parking with repair stations, and a unique rooftop relaxation zone with a green terrace and a mini vineyard. Strategically located near Nowy Kleparz, the Main Railway Station, and the Old Town, Regent is a hub for innovation, collaboration, and inspiration. We look forward to seeing our teams thrive in this exceptional space!

VirtusLab achieves ISO 27001 certification for information security management. The certification assures customers of adherence to best practices, clear procedures, and a commitment to information security. 

TÜV NORD Polska audited VirtusLab's management system, verifying compliance with the standard for the design and implementation of software systems and IT consulting.

Management system as per
PN-EN ISO/IEC 27001:2017-06 (ISO/IEC 27001:2013)
Scope:
Design and implementation of software systems and IT Consulting

Certificate registration number
AC090 121/2074/5189/2021

We are incredibly proud that, once again—after 2019 and 2020—VirtusLab have made it to the #FT1000. Additionally, we secured 6th place among technology companies in Poland featured in this ranking.

This ranking is prepared by the Financial Times, one of the world's leading business news organizations, internationally recognized for its authority, integrity, and accuracy, in collaboration with Statista, a company specializing in market and consumer data.

The list features the 1,000 fastest-growing companies in Europe across various industries, highlighting those experiencing rapid expansion based on the highest percentage increase in revenue.

More specifically, it ranks businesses that achieved the highest compound annual growth rate (CAGR) in revenue between 2016 and 2019, with a minimum growth rate of 35.5% required to make the list. This marks the fifth edition of the FT’s ranking, which, as the organizers state, "provides a snapshot of Europe's most promising growth businesses in the weeks before coronavirus took hold."

This recognition is especially meaningful given the challenging times we are facing. The COVID-19 pandemic has posed significant difficulties for businesses across all industries, including IT. Our position in this ranking reaffirms VirtusLab’s consistent and sustainable growth, a valuable asset in these uncertain times.

📢 The full ranking is available here.

Congratulations to all winners, and a huge thumbs up to the #VLteam!

VirtusLab has once again earned a spot in the prestigious Forbes Diamonds ranking, a testament to its rapid growth and success. This year, the company proudly claimed 1st place in the Podkarpackie Voivodeship for medium-sized enterprises, solidifying its position as a leader in its category. This achievement highlights VirtusLab’s dynamic development and the dedication of our engineers, whose hard work continues to drive the company forward. 

Forbes Diamonds is one of Poland’s most esteemed rankings for private companies, organized by Forbes Polska since 2015. It recognizes businesses with the fastest growth in value over the past three years, evaluated using a reliable Swiss valuation method. Companies from diverse industries are analyzed based on their financial performance and asset value.

VirtusLab receives the Business Gazelles award, joining the prestigious group of Poland's fastest-growing SMEs. This year, VirtusLab achieved the top position in the Podkarpackie voivodeship. 

Awarded by "Puls Biznesu," the ranking highlights financial growth and transparency, with criteria based on turnover and profit growth over three years. VirtusLab celebrates this recognition with pride.