Velvetech in Numbers
150+
Employees
20+
Locations
15+
Industries We Serve
20+
Years in Business
1000+
Projects Delivered
92%
Middle & Senior Level Experts
20/7
Availability
2+
Years Projects
Aspire to Evolve and Drive Digital Transformation
Our mission is to deliver AI-driven solutions with outstanding client service for the full cycle of digital transformation and product engineering. We partner with client business and IT leadership to drive success, combining cutting-edge AI, cloud, and data engineering with deep industry expertise, agile execution, and full-service delivery.
Our goal is to build a highly professional community that is able to cope with any challenges in software development and support strong long-term relationships with clients, ensuring innovation, transparency, and measurable impact. We value each team member and inspire them to do their best work while helping companies realize their full potential.
On the Frontline with Movers and Shakers
More than 20 Years of Proficiency in the IT Market
2004
The Story Begins
More than two decades ago, Mr. Yushkov moved to the U.S. and managed the custom offshore development for the #1 company in Eastern Europe’s banking and financial market before founding his own firm, Velvetech, in 2004.
2009
Expanding Horizons
The company’s growth was encouraged by partnerships that covered a variety of industries: insurance, healthcare, logistics, and education, with leading companies as the first clients — CargoData, Tradespoon, and Insureon.
2015
A Year of Growth
In 2015, the number of our projects increased. We delivered twice as many tech solutions as in the previous year. Following this, the company also doubled down on the number of employees and expanded its expertise.
2016
Strategic Shift with New Partners
Driven by the importance of partnerships for business and provided services, Velvetech set up successful strategic alliances. We became official partners of Microsoft, Creatio, WorldPay, and PandaDoc.
2017
On the Cutting Edge of Innovation
That year, the team was actively engaged in diverse projects from blockchain and DApps to DeFi and NFT development. Another pool of requests included solutions that relied on AI & ML technologies and IoT product development.
2018
Launch of Velvetech Products
In 2018, we eagerly worked on R&D that reflected such tech trends as the development of AI-based solutions. To customer services, we built a range of ready-to-use contact center products, including Velvetel telephony.
2020
Fully-Distributed Team
Velvetech became a fully-distributed company while remaining its headquarters in the US. We expanded our geography, welcoming on board experts from different locations: USA, Turkey, Georgia, Bulgaria, Costa Rica, etc.
2021
New Perspectives for Business
Velvetech has forged an entire process of internal education to help employees become successful BAs. That year, our company was certified by IIBA as an endorsed education provider of internal training programs.
2023
Reinforcing the Talents
Our team kept gaining momentum. By the end of 2023, we had grown to over 150 professionals, equipped to meet diverse software development needs, deliver viable digital products, and support a spectrum of tech projects.
Yuri Yushkov
CEO
As CEO of Velvetech, Yuri brings more than 25 years of international management experience in software and technology development for Fortune 500 companies, non-profits, and SMBs. With a Master’s in Physics and Computer Science, he assumed an instrumental role in restructuring the banking system after the collapse of the USSR and advising businesses in creating financial service and credit card processing systems.
Eugene Brukhov
SVP for Service and Delivery
Highly proficient and result-oriented expert with over 20 years of IT delivery experience, featuring a unique focus on custom software development, IT consulting, and talent management. With in-depth expertise in the full software development life cycle for all core business functions, Eugene leads successful project implementation and builds effective partnerships with clients across various industries.
Gregory Entin
CTO
For years, Gregory has been providing his deep expertise in tech consulting and project management for businesses of all verticals. As a CTO, he has accumulated extensive experience in driving custom software development and leveraging advanced technologies. From initial feasibility research to implementation, delivery, and support of tech solutions — he’s always thrilled to help clients get maximum value.
Steady Development, Continous Delivery, Trust and Transparency
Cultivating Loyalty
Emphasizing Respect
Focus on Performance
Responsibility Comes First
Continuous Development
Fairness and Honesty
Delivering Value at Every Step
Flexible Service Model
Velvetech fits any size client, working with enterprise-level companies, mid-market organizations, and firms from the start-up and digital innovation sectors.
High Economic Impact
Thanks to our near-shore & offshore delivery and 24/7 implementation service models, clients get up to 40% cost reduction and up to 20% time-to-market acceleration.
Long-Term Client Value
Clients tend to retain their business with Velvetech for 10+ years due to our personalized approach, value-based work delivery, and unparalleled customer service.
Industries We Serve
Finance
Healthcare & Pharma
IT & Telecom
Manufacturing
Logistics
Education
Retail & eCommerce
Oil & Gas
Food & Beverage
Real Estate
Insurance
Travel & Hospitality
Automotive
Agriculture
Construction
What Our Clients Say
Velvetech is a top-notch agency that I trust for mission-critical healthcare software development. Their approach and execution de-risk your project to improve the likelihood of a successful outcome. The products they deliver are high-quality and production-grade solutions.
Show More
We had to have a software development partner, largely because we did not have all the capabilities internally. But as we picked that, we had to have somebody that could work at our pace and our speed. And that is where Velvetech came in. They have been amazing in enhancing our team every step of the way, adding capability. And they really do feel like a part of Insureon.
Show More
I just want to express how satisfied I am with the Velvetech team. As a prior DIO working with many offshore teams including teams I built and managed, the Velvetech team has been the most pleasant and easiest to work with. Everything from communication, documents, code quality, and understanding of our requirements has been top notch.
Show More
Our biggest hurdle was finding a partner that understood the complexities of healthcare-focused development such as HIPAA compliance, patient-facing applications, and physician-facing dashboards. Velvetech worked as an extension of our team and helped us build a HIPAA-compliant physician platform and a new version of our mobile medical device app.
Show More
Velvetech has proved invaluable in helping us create a product that did not exist and figuring out all the minor details that would go along with the software. They are innovative, smart, and agile. As a startup founder, I can report that their comprehensive service will absolutely get you from business plan to a functioning company.
Show More
Who Makes Us Stronger
Engagement Models We Support
Dedicated Team
Entrust your project to a handpicked team of experts, tailored to your specific needs. Our dedicated professionals bring targeted skills and expertise to seamlessly align with your project requirements and business goals.
Staff Augmentation
Seamlessly bolster your in-house capabilities with our skilled professionals. We rapidly fill talent gaps, providing essential IT resources that integrate smoothly with your team, ensuring project continuity and success.
Technology Partner
Transform our team into an extension of your company. As your long-term IT ally, we offer continuous support for all your technological initiatives, functioning as a versatile, on-demand IT department to drive your digital success.
