Sri Lanka’s software industry has seen significant growth over the last decade, evolving from outsourcing services to developing innovative software products. Today, the country hosts a diverse range of companies providing high-quality technology solutions to clients both locally and internationally. For businesses, investors, and tech professionals, understanding the leading players in this sector is crucial. Here, we explore the top ten software companies in Sri Lanka, highlighting their specialties and contributions to the tech ecosystem.
Saberion (Pvt) Ltd, established in 2006 in Colombo, is renowned for its web and mobile application development, enterprise software solutions, and cloud services. Its commitment to quality, evidenced by ISO 9001:2015 certification, and its flexible engagement models make it a preferred choice for businesses seeking reliable software solutions.
MillenniumIT ESP, founded in 1996, is a veteran in providing enterprise-level solutions in trading systems, IT infrastructure, and managed services. Its expertise in financial technology and telecommunications has positioned it as a leader in Sri Lanka’s IT industry.
99X Technology stands out for its focus on product engineering and software development, delivering high-quality software products and engineering services to international markets. This emphasis on product development positions Sri Lanka as a hub for sophisticated software engineering.
hSenid Software specializes in HR and talent management solutions, offering products that streamline workforce management. With a strong focus on HR software and payroll systems, hSenid serves clients globally, showcasing Sri Lankan tech expertise on the world stage.
WSO2, an open-source enterprise software company, excels in API management, cloud integration, and digital transformation solutions. Its focus on innovation and enterprise-grade solutions has earned it international recognition.
Virtusa’s Sri Lankan operations contribute significantly to the technology export sector, offering consulting, IT outsourcing, and enterprise software solutions, particularly in banking and healthcare industries.
Zone24x7 is at the forefront of emerging technologies like AI, data analytics, and IoT, providing innovative solutions for smart systems and enterprise automation.
Sysco LABS develops software solutions for supply chain management and data analytics, focusing on digital transformation and cloud-based platforms, representing the evolution of Sri Lanka’s software sector.
Epic Technology Group has carved a niche in fintech and banking software, providing specialized platforms for financial institutions.
IFS Sri Lanka, part of the global IFS group, focuses on ERP and asset management solutions, supporting complex business operations with global-standard software.
Key takeaways for stakeholders include seeking domain expertise and quality certifications for clients and investors, while tech professionals can gain exposure to international standards and modern software stacks. The growth of specialized firms indicates Sri Lanka’s move up the value chain, emphasizing the need for continuous investment in skills like AI and cloud computing. The country’s software industry is thriving, with these ten companies exemplifying the maturity and innovation in Sri Lanka’s tech sector.
