The Silicon Review
“Incorporated in 2014 in the Silicon Valley, Auxenta helps companies modernize their in-house software systems with cutting edge technologies to meet the demands of their customers faster.”
The IT industry is filled with companies that are providing standard software engineering and testing services without a dedicated focus on customers’ business outcomes. There are not many companies that can bring innovative software products backed by high value services targeted to solve customers’ business problems. Based out of Mountain View, CA, USA, Auxenta addresses this gap with a focus on customers’ business problems and overall experience.
The company is centered on transforming customer experience by utilizing innovative software products and technology solutions. It is geared to accelerate growth of early and mid-stage technology-based start-ups. “We partner with start-ups in establishing a dedicated engineering team to provide high-end software engineering, quality assurance, software management and product management capabilities. We engage with enterprises with the goal of enhancing customers’ experience by leveraging software products,” said Prasath Nanayakkara, Founder, Chairman and CEO.
Auxenta is positioned as an innovator and a highly successful start-up company managed by a well experienced leadership team. The company is on track to double its revenue while maintaining double digit profitability within the current fiscal year.
Inception & Growth
While studying and working in the US, Prasath and Shahani Markus noticed the venture capital and opportunities available in the Silicon Valley. They then founded Auxenta to connect talented engineers from Sri Lanka with start-ups based in the valley. Auxenta was funded by Bayview Capital, a company owned by a well-known serial entrepreneur, Riz Virk. Subsequently, two other co-founders, Chandana Ranasinghe, a leading expert in software QA and testing from Sri Lanka and Nuwan Dehigaspitiya, a leading mobile architect from the industry joined the company. The 4 co-founders together launched Auxenta by developing the bitcoins mobile trading platform named Bitcoin Bazaar, for Bay Coins LLC.
The company later developed several leading-edge mobile and cloud-based software products for start-ups as well as established software companies based in the Silicon Valley, Europe and Asia such as Emojot, Greencoins, Litiq, Medexnote and Fleetminder. Auxenta pioneered its software testing services by delivering consulting services for MillenniumIT, a subsidiary of London Stock Exchange Group. It partnered with MillenniumIT to develop a quality centre of excellence (QA CoE) by taking a holistic perspective of QA processes, tools and the QA team skills. Based on Auxenta leadership team’s experience delivering QA solutions, the company was selected to offer innovative software testing services to leading brands such as TradeStation USA, CAMMS Australia and Dialog Axiata, the largest mobile service provider in Sri Lanka. Most recently, Symbox UK entered into a strategic partnership with Auxenta to deliver IT services to its customers based in the UK and African Continent.
Within the past two and a half years, Auxenta has delivered its innovative engineering services to more than 20 customers based in 3 continents – USA, Europe and Asia while enjoying 300% revenue growth and 80+ global consulting pools. Simultaneously, the company embarked on developing software products and technology solutions targeted to optimize business outcomes of its customer base. Several beta versions of its products and technology solutions are already utilized by its enterprise customers. Auxenta strengthened its leadership team by adding leading entrepreneurs from the Silicon Valley and corporate leaders from iconic companies such as Google and Microsoft, including the former global head of product marketing from Google.
Delivering Significant Value to Customers
Auxenta’s focus on innovative software products and solutions leveraging cutting-edge technology from Silicon Valley coupled with associated high value services have created a competitive advantage, helping the company to differentiate itself from typical software product or service companies. Auxenta’s highly experienced leadership team and best-in-class engineering team based in Sri Lanka – an emerging geography known for high quality talent and high retention at a competitive price point; help the company deliver significant value to customers.
Product & Service Offerings
Auxenta offers a comprehensive set of products and services that have revolutionized how IT departments operate globally.
mOctopus– is an end-to-end single platform to address all different aspects of mobile application testing and quality assurance. It ensures overall health of the mobile app by measuring Stability, Functionality, Performance, Security, Usability, and Analytics.
AuxAutoQ– REST/SOAP API testing tool proven to generate 40% efficiency in API testing. AuxAutoQ is a product, which helps automation testing of any SOAP or REST web services. This helps to check the accuracy of SOAP and REST web services by executing different permutations of web service requests.
AuxElectra– is a single platform for enterprises to solve their functional accuracy and all other quality related problems by addressing unit testing, parameterized mock automation, code coverage and code quality.
AuxScript- is a USSD performance analysis tool. AuxScript is an automated solution to measure and analyze the performance of any Unstructured Supplementary Service Data (USSD) request generated from any Android device.
Fixed price 90 day MVP (Minimum Viable Product) delivery program- The Auxenta MVP program is geared to help customers mitigate the risk of launching a beta version of a product. Entrepreneurs looking to test new ideas quickly with minimum time and investment can benefit a great deal from this program. Auxenta will undertake to develop your minimum viable product for a fixed fee within a 90 day period using an agile methodology.
Native/Hybrid Mobile App Development Services
Software Engineering Services
Software Quality Assurance Services
As a result of Auxenta’s accomplishments, the company was listed in Sri Lanka’s Echelon magazine as one of the most exciting tech start-up companies in 2014. Furthermore, US based CIO Review listed Auxenta among the 20 most promising companies in Quality Management Solutions for 2015.
The company sees most traction with Silicon Valley based technology start-ups as well as enterprises within the Financial Services and Telecom verticals. Its notable clientele include:
Bay Coins LLC- Started by a group of MIT alumni, Bay Coins is bringing a full bitcoin trading and marketplace to your smart phone. Because of its emphasis on local, Bay Coins apps are great for communities of bitcoiners and crypto currency enthusiasts.
TradeStation, USA- is best known for the analysis software and electronic trading platform it provides to the active trader and certain institutional trader markets that enable clients to design, test, optimize, monitor, and automate their own custom equities, options and futures trading strategies.
Fleetminder- The leading fleet maintenance and workshop management software brand in Ireland.
Symbox- UK based global provider of innovative enterprise software solutions and business services.
MillenniumIT- Subsidiary of London Stock Exchange, UK.
Dialog Axiata- Sri Lanka’s largest telecommunications service provider which owns the biggest share of the Sri Lankan mobile market.
Auxenta Fleetminder Team
“We embarked on the design and development of our new Cloud-based enterprise-level SaaS product, Assetminder. While we had a very successful legacy product, we needed to start again so as to leverage everything that was possible with new Cloud and mobile technologies. This was a very challenging project, demanding people with skills at the very top of their profession and from the first day, the correctness of our decision in choosing Auxenta was been validated over and over again.” – T. Gerard Bennett, General Manager, ASC Software Limited
Helping Bay Coins, LLC with a Cutting-Edge Mobile App
Silicon Valley based start-up Bay Coins, LLC had an idea for a local Bitcoin mobile app. Auxenta partnered with Bay Coins and designed and built the app for the company based on their idea.
The app named Bitcoin Bazaar Local was later launched officially. The app uses location services to find potential buyers and sellers in a user’s neighborhood. It is not only the first Bitcoin buyer-and-seller-matching app available on both iOS and Android devices, but is the first to allow traders to meet face to face for transactions, which means users don’t need to enter bank information into the app. Traders who would rather use PayPal or some other payment method can do that on the app too. Other Bitcoin-trading sites are web-based, while this app can be accessed by both web and mobile. The company is planning to extend the app to trade other leading crypto-currency.
Future Road Map
Auxenta plans to invest in a portfolio of mobile and software testing products, targeted to generate superior experience to customers based in USA, UK, Ireland and Asia. The company plans to maintain at least 50% CAGR with a profitability target exceeding 20%.
Knowing the Management Team
Prasath Nanayakkara, Founder, Chairman and CEO- Prasath is a technology leader with over 15+ years of experience driving product and technology innovations in both the U.S and Sri Lanka. Prior to co-founding Auxenta, he was the Head of Technology Delivery at Virtusa, a global IT services firm. Prior to Virtusa, he spent 6 years in the USA as a senior consultant at Cambridge Technology Partners (CTP) and Kenan Systems, focused on Telecom and Utility Industries. Prasath holds a bachelor’s degree in EECS from MIT, USA and an MBA from INSEAD, France.
Shahani Markus, Co-Founder, President and CTO- Shahani has a global experience of 15+ years in the IT industry, government and academia in a professional career that has spanned many interesting roles, including being an educator, engineer, entrepreneur, strategist and researcher. Prior to Auxenta, she held positions as CTO at the ICT Agency of Sri Lanka and as Head of Engineering at Virtusa. Shahani has managed more than 600 technologists and has overseen the engineering governance of multiple software engineering projects. Shahani holds a BS in Computer Science & Mathematics, an MS in Mathematics, an MS in Computer Science, and a PhD in Computer Science from Purdue University, USA.
Chandana Ranasinghe, Co-Founder, COO, VP of QA- Chandana is a highly accomplished QA Leader with over 15 years of global experience. Prior to Auxenta, he held positions as Director of QA at Virtusa and as Head of Process Improvement at Brandix. Chandana has a BSc. Eng. from the University of Moratuwa in Sri Lanka, and an MBA from the Postgraduate Institute of Management, University of Sri Jayawardenapura in Sri Lanka. He is a Certified Quality Analyst (CSQA) from the Quality Assurance Institute (QAI) of USA.
Nuwan Dehigaspitiya, Co-Founder, VP of Mobility- Nuwan is a technology leader with over 10 years of experience building frameworks, products and innovative technology solutions for multiple international organizations in USA, Europe, Middle-East and Asia. Before co-founding Auxenta, he was the Chief Mobile Architect at Virtusa for a leading client’s Mobile Development Framework (MAF Titanium, iOS, Android and HTML5 Frameworks). Nuwan is a Cross platform Titanium mobile application development expert and a Titanium certified architect (TITAN) from Appcelerator, USA. He holds a BS in Information Technology from University of Moratuwa, Sri Lanka and an MBA from University of Wales, UK.
Crishantha Nanayakkara, Director of Technology- Crishantha is an enterprise architect with nearly 20 years of industry experience. He was the former head of technology at ICT Agency in Sri Lanka (icta.lk) for nearly 8 years. His main research areas are Enterprise Architecture (EA), Enterprise Architecture Development (EAD) and e-Government. Crishantha holds a BSc (Hons) in Computing and Information Systems from University of London and a MBA in Information Technology from University of Moratuwa.