Bluechip Technologies, an African tech company that mainly focuses on bringing data warehousing projects together with integrated solutions and services, is expanding its reach to Europe with the help of Microsoft and Oracle as spotted by the folks over at TechCrunch.
The company was launched back in 2008 with a starting capital of $30,000 at the time. The company has since grown and expanded from its main office in Lagos Nigeria. It now has branches all over Africa from Kenya, Nigeria, DRC, Ghana, Zambia, and even Ireland with over 200 consultants aboard. Richard Lewis, CEO of Business Logic Systems, a Bluechip partner based in the U.K., is set to spearhead the company’s operations in the EU market. “Richard has a good feel of the market. He has seen some of the initial requirements from customers that can make him say, “hey, if this is how what you’re paying for a developer in India, we can give you an equally quality developer for 20-30% less this price. And that’s the target that we’re pursuing,” Soyombo indicated.
Essentially, Bluechip Technologies helps businesses decipher trends such as customer lifetime value, churn as well as business analytics with the aim of enhancing effectiveness and efficiency and at the same time turning it into a profitable venture. Other tech companies also make use of its simplex voucher management system to generate airtime vouchers.
According to Olumide Soyombo and Kazeem Tewogbade, Bluechip Technologies founders, “we want to try it out on the EU market and see how it works. The plan is also to expand further elsewhere like French-speaking Africa and possibly North America.” The move will position it as a “new competitive entrant” in the EU market offering its expertise coupled up with well-versed senior data engineers from its head office to pick up the pace in Europe.
Building upon this premise, they recently launched Primo Academy. A dedicated pipeline six-month program of data professionals that serves the entity as well as local and international shareholders. This way the company will be able to equip the professionals with the required skills that will make them land jobs in this current market, and they even help them source these opportunities.
Soyombo attributes these efforts to COVID-19 where most organizations picked up a work-from-home arrangement, which led to many of them suffering because of the shortage of employees that were tech-savvy to manage data. Hence, the company’s expansion to the European market. According to recent research studies conducted, the region’s big data and business analytics market size is set to hit $105 billion+ by 2027. Bluechip’s goal is to help bridge this gap.
We built this core enterprise business application for banks and telcos and the talent pool to address these needs. The whole play here is to be that systems integrator provider to the EU market. The pandemic has accelerated the need for that global flat workspace, and how to place those engineers while working with our partners like Oracle and Microsoft, and to do this cheaper than India or Eastern Europe.
The company’s founders are positive that they will be able to tap into the EU market successfully as Soyombo predicts that the company’s revenues might hit $250 million in five years. Furthermore, they intend to spread and widen its reach to both telcos and banks by leveraging its presence in Ireland.