Krizevci Company Speck’s Projects Increasing in Price on US Market

Lauren Simmonds

As Poslovni Dnevnik/Sergej Novosel Vuckovic writes on the 25th of November, 2020, in just a few years of its existence, the Speck agency from Krizevci has risen from a ‘speck’ to a Croatian IT sector star.

Speck’s rapid upward trends were recently verified by the powerful consulting company Deloitte in the tender of Fast50, the fastest growing technology company in Central Europe, as the company grew by an incredible 1076% in a year.

Speck took third place in the Rising Stars category, a company under four years old but with growth potential. The team led by the 30-year-old graduate electrical engineer Tenodi (Speck’s co-founder is Luka Radicek), justifies this potential by implementing projects of design and development of software and mobile and web platforms year after year. Here in Croatia, they are a partner of Combis on cloud applications, their edtech (for e-learning) project is, and here they are currently working for 24sata, the KTC shopping centre, a young startup with a machine learning project and the Krizevci Instruction Centre.

”In just under a year, Speck has grown empirically and numerically with 20 employees on a team of more than 40 experts involved in building global edtech, fintech and martech platforms such as Petersons, Minka and Covideo. In addition to new collaborations, we’ve entered into an important partnership with a private acquisition fund from the United States, Triangle Digital Ventures (TDV), which has opened the path for new projects and expansion in the US market,” says Tenodi. Speck’s partnership with Triangle Digital Ventures, a private investment fund from America, happened, he added, spontaneously, through work on one of Speck’s projects.

”Covideo is a SaaS video marketing company with which we’ve been cooperating for a little over two years now, and in May this year it acquired TDV. Speck was a design and development partner on the project, we had the opportunity to work with the founders of TDV, who soon gave us the opportunity to work on more projects from their portfolio,” says Tenodi. Apart from the quality of the work so far, these projects were, conditionally speaking, more accessible to Speck thanks to the fact that from the end of 2019 it has has an office in Indianapolis, his third after the ones located in Krizevci and here in Zagreb. There is now one employee there because of the pandemic working from home. It was the crisis caused by the coronavirus pandemic that accelerated Speck’s growth as an agency, Tenodi added.

“The crisis has further strengthened our relationships with our clients. It is precisely such partnerships, in which agility and understanding of the needs of each specific client dominate, and that’s the key to reacting quickly to market changes. The biggest challenge the pandemic brought us was on the KidzToPros (KTP) project, for a client in California. A key aspect of their business was the provision of extracurricular activities in an offline format for more than 250 schools, and their work during the pandemic was completely stopped. In less than three months, with the KTP team, we’ve developed five new digital products through which they have expanded and digitalised their business,” explained Speck’s boss. Speck’s references also include work for clients in Germany and France, and a project for a Colombian fintech named Minka is now underway.

“Minka has teamed up with us to develop an open, flexible and highly scalable financial services infrastructure that companies wishing to provide services such as money transfers and e-wallets can use instead of developing their own infrastructure,” they explained from Speck.

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