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99X Technology
Global product engineering services for digital products
About 99X Technology
99x is a global technology company that specializes in high-quality software product engineering and technology innovation. Founded in 2004 by Mano Sekaram in Sri Lanka, the company began by targeting international markets, particularly Scandinavia, to build and deliver commercial software products. Over the years, it has developed over 150 digital products for its clients.
The firm is headquartered in Norway and has a significant presence in Sri Lanka, with a global team of over 600 employees across offices in Malaysia, Brazil, and Portugal. In December 2023, founder Mano Sekaram stepped down as CEO and transitioned to the role of Chairman of the Board for the Sri Lankan and Australasian operations, with Hasith Yaggahavita, a founding member and former CTO, taking over as CEO of 99x.
99x's business model is centered on serving as a long-term, collaborative partner for Independent Software Vendors (ISVs), moving beyond a simple vendor relationship to become an integral part of their clients' research and development teams. The company provides end-to-end services, including full-stack development, cloud enablement, mobile applications, and machine learning solutions. They offer facilitated teams that assist clients with capacity, competence, and cost-effectiveness, co-creating products to achieve market fit. Recently, 99x has made significant advancements in Agentic AI with its proprietary orchestrator platform, Xians.ai, which is used across industries like finance, legal, and insurance for enterprise automation.
The company's growth strategy includes both organic expansion and strategic acquisitions. This was accelerated by a 2021 investment from Norwegian private equity, which led to the establishment of its Norwegian headquarters and a series of acquisitions, including companies in Norway, Brazil, and Portugal.
Source: Dealroom company dataAt a glance
- Founded
- 2000
- Headquarters
- Colombo, Sri Lanka
- Sector
- Home Living
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later1 investor entered at this stage
Herkules Capital
Source: Dealroom Talent Intelligence.
Global footprint
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