Prytek

Prytek is a multinational technology group that invests in and builds deep technology and SaaS solutions. It works with and invests in businesses to develop technological ecosystems that cover an ever-growing range of sectors including Financial Services, Cyber & Tech Education, and HR. Prytek delivers its world-class solutions through BOPaaS (Business Operating Platform-as-a-Service), a new market sector that enables different firms to lift out their entire operations, move them onto a new mutualized platform owned by Prytek, share resources and benefit from phenomenal cost and operational efficiencies. It also enables these firms  to foster new innovation by benefiting for mutualized R&D costs which enable new product capabilities.

Prytek’s BOPaaS is a truly integrated service offering that uniquely combines technology-based managed services with advice and management from leading industry experts.

Journey Since the Inception of the Company

In the world of constant change in technology and products, enterprises are constantly battling to keep pace with new technological solutions and operational efficiency. Prytek was founded in 2017 with a clear mission to design and build innovative technologies that would help firms not only meet these new challenges and regulatory requirements but also allow organizations to fully take advantage of their capabilities.

Since its inception, Prytek has experienced exceptional growth and now works with more than 250 clients worldwide. The company has expanded to more than 1200 employees across eight international offices including Singapore, UK, Israel, Luxembourg, the Netherlands, Russia, India, and Cyprus.

Powerful Leaders

Andrey Yashunsky is the Founder and CEO of Prytek, an innovative and colorful character behind much of Prytek’s success. While he is now based in London, Andrey grew up in Israel. Andrey’s vision for Prytek was to create a platform of sophisticated tools - rather than to simply invest in technology.

He has focused on creating a platform where Prytek’s companies build and implement a range of different technologies that are all designed to entirely transform business operations and job functions across a range of industries.

Prior to founding Prytek, Andrey was the Managing Partner at Hi Capital and a Venture Partner at Da Vinci Capital, an asset management company.

Co-CEO, Arnon Shiboleth joined Prytek in early 2019 and brought to the group 25 years of experience as a manager and investor, with deep expertise in building organisation to scale and accelerating growth in companies around the world. Prior to this, Arnon worked for many years at Apax Partners, focusing on technology, financial services, and consumer companies, and as an M&A investment banker at JP Morgan.

Technologies Driving Digital Transformation

Prytek’s companies build and implement a range of different technologies that are all designed to entirely transform business operations and job functions across a range of industries. Its BOPaaS companies, Delta Capita and HackerU, both offer clients in their respective sectors the opportunity to transfer to Prytek’s companies the operations of their non-differentiating activities. . Clients trust that their lifted-out operations are in the hands of industry-leading experts, powered by the world’s most forward-thinking technologies.

BlackSwan Data, a London-based technology and data science firm, has partnered with Prytek to harness AI to solve complex business challenges. BlackSwan and Prytek’s Delta Capita together developed Karbon which is the CLM (Client Lifecycle Management) ecosystem.Industry knowledge and capability have been combined with the BlackSwan technology to enhance, configure and develop a unique and credible managed service offering.

Finally, Tip Ranks leverages transparent, unbiased technology and Natural Language Processing (NLP) algorithms to aggregate and analyze financial and equity analysts’stock recommendations online. This data is transforming the way that investors choose their stocks and Prytek is extremely proud to be part of the company’s is fast growing journey.

Disruptive Technologies Impacting Today’s Innovation

While these technologies may differ in scope and application, they are all enablers of large-scale digital transformation, enabling vertically integrated ecosystems. They are continually evolving to automate complex tasks to help businesses build unique solutions,  reduce costs, scale up easily, become more agile and create new product capabilities. Some are enabling companies to harness incredibly large data sets that would have been impossible to consolidate before, while others are providing access to new data sets altogether. The analysis of this new wealth of data is allowing companies to make more strategic and informed decisions, which can only lead to an improved long-term strategy.

However, there will always be one function that technology can replace – human relationships. Prytek believes that the introduction of these technologies in traditional sectors should not be seen as a threat, but instead, as a perfect opportunity to bring in efficiencies to enable more time to spend engaging with clients and strengthening business relationships. In this way, they are driving both technological and service innovation.

Unique Traits of the Company

Through its strategic acquisitions of service and technology companies, Prytek is able to leverage deep technologies that have been built in one business and use it to develop new technologies across other companies.

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In addition to its technological capabilities, Prytek’s value also lies with the leading industry experts that work closely with clients and oversee managed services offering. These specialists each have extensive experience working with some of the world’s largest organizations –with expertise across the company of an average of 25 years, and have developed a deep-rooted knowledge of the field. This makes them perfectly positioned to provide advice and guidance to organizations looking to build both short and long-term strategies.

Awards and Achievements

Over the past four years, Prytek has successfully invested in and acquired over 30 companies and worked directly alongside their respective CEOs to expand the technological capability of their service offerings.

A special mention should be given to Delta Capita, a leading managed services, technology, and consulting firm.Delta Capita is Prytek’s Financial Services arm that provides technology-based managed services to financial institutions. Prytek works with cross-discipline senior practice teams, who collaborate to provide world-leading mutualized services for the Financial Services industry. The Prytek Financial Services division delivers mission-critical services, leveraging a unique combination of recognized industry experts, proprietary technology, and capital.

Delta Capita was recognized thrice in the last four years by the Financial Times as one of the Top 1000 fastest-growing companies in Europe (including 2021). It was also rewarded by Consultancy UK for its excellence in risk and compliance, where it was ranked number one, and in its general Financial Services consulting, it was ranked number four.

The Future Ahead

Prytek believes that technology driven managed services are the new gold and expects to continue seeing this reflected in the company’s year-on-year financial growth. Prytek is continuously looking to expand into new areas of the market that could significantly benefit from BOPaaS and its exceptional technology. Also, Prytek  is excited to share that the company has several very high-profile acquisitions near-completion and many more in the pipeline for 2021 alone. Thus, they look forward to sharing the news with all, and to continue driving much-needed change in the world’s business sectors.

Management: Andrey Yashunsky, Founder and CEO, Arnon Shiboleth, Co-CEO and Managing Director, Yair Seroussi, Chairman

URL: https://prytek.com/