Case study
ProFund
ProFund equips contractors with tools to enhance sales efficiency, including lead validation and financing options. By prioritizing high-value opportunities and offering simplified financing, ProFund helps contracts close more deals.
Overview
ProFund partnered with Satellite in 2023 to build an offshore software development team. They were attracted to Satellite’s deep expertise within the fintech sector (through work with other customers) and chose Satellite to first assist with lending-related development and then a significantly broader scope as the business expanded.
Key Challenges
ProFund wanted to accelerate development of it’s complex, multi-faceted platform while maintaining a scalable cost structure and ensuring security and compliance needs are met. They turned to Satellite to build an offshore team that could operate as a seamless extension of their in-house IT staff.
Multi-Faceted
Platform
High
Compliance Reqs
Recruiting
Challenges
Solution
Fully Dedicated Team
Satellite provided an 8-person dedicated software development team that became an extension of ProFund’s internal staff. We integrated within daily standups, reported directly to product owners and augmented the great work of existing staff.
Overhauled DevOps Approach
ProFund has strict compliance and security requirements. Satellite put the right people in place to handle security, infrastructure and deployment, while bringing in part-time resources to perform tests and consult on best practices.
Full Coverage of Tech Skillsets
The team was responsible for end-to-end development and included multiple roles (Management, Testing, Development, Design). Further, we hired only experienced team members to maximize short-term speed and long-term quality.
Technical Stack
The ProFund-Satellite team works with modern programming languages and tools, including React, TypeScript and Node.js for the majority of its platform code. Hosting is on AWS and ProFund uses MySQL as its primary database.
Acquired by The Home Depot
I can not speak more highly about their team's open communication and excellent work ethic.
Liam Shanahan
Results
Satellite is executing on ProFund’s product roadmap and developing new functionality for their contractor-empowering platform.
2023
Nationwide product launch
42%
Same-contractor sales growth
Acquired by The Home Depot
ProFund was acquired by The Home Depot as part of its acquisition of SRS Distribution.
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