THE BRIEFING
● DEQODE / SOFTWARE ENGINEERING & IT CONSULTINGFROM BLOCKCHAIN ROOTS TO CLOUD & DATATHE BUSINESS BEHIND THE BUILD

COMPANY / ENTERPRISE TECHNOLOGYFIELD NOTES / 01

Deqode sells the engineers. The real purchase is room to grow.

A blockchain specialist became a broader software engineering partner by tackling an unglamorous problem: businesses grow faster than the systems and teams holding them together.

The software had become an obstacle to the business it was supposed to serve. In one of Deqode’s published engagements, a growing global capability center was running on a monolithic legacy system. Teams were separated by their functions. Processes overlapped. New features were difficult to introduce. Success had brought more users, and more users had exposed the limits of the machinery underneath.

THE QUICK READ
  • The offer: engineering teams, custom applications and help with cloud, data and blockchain systems.
  • The buyer: a business with a product to build or an existing operation to improve.
  • The useful distinction: Deqode can supply people who join your team as well as deliver a defined project.
  • The lesson: inspect how the team works before falling in love with its technology list.

The software worked. Then the business grew.

Deqode’s modernization account describes a careful sequence: separate backend services, integrate them with AWS, and handle the pieces that touched payments, sign-ups and configuration. The engineers also produced API references, flow charts and code documentation. These are modest objects. Nobody puts a UML diagram on a billboard. Yet a system becomes much easier to change when its next caretaker can understand it.

The company says it moved the codebase toward microservices and used technologies including Ruby, TypeScript and React. The interesting detail is the order of operations. Customer-facing functions needed care during the migration. For the buyer, the challenge was to gain a more adaptable system while keeping the existing business running.

That is a useful way into Deqode. The company sits in the engineering services market, where clients pay for technical work, judgment and capacity. Its work often begins at the uncomfortable point where a business knows what it wants to do next but its software, data or staffing arrangements make the next step difficult.

THE MIGRATION LOGIC
01UntangleSeparate services and identify dependencies.
02MoveMigrate infrastructure with care around live functions.
03ExplainDocument the system so another team can change it.
A diagram may lack charisma. During a handover, it develops considerable charm. Sequence distilled from Deqode’s modernization account.

A blockchain company learns to travel light

There is a revealing sentence in Deqode’s January 2019 rebranding announcement. Techracers was becoming Deqode, and chief executive Ankur Maheshwari was describing a more practical ambition for blockchain. He wanted the technology to help applications without becoming their entire identity.

“the goal is that customers won’t even know there’s a blockchain underneath.”Ankur Maheshwari · January 2019

The announcement placed the change against the cryptocurrency market’s 2018 collapse and the industry’s difficulties with adoption, scalability and trust. It described work spanning energy, sports and mobile networks. The reasoning was straightforward: businesses needed useful applications, and the choice of infrastructure should earn its place.

Read that as a positioning decision. A specialist earns attention by being associated with a technology. It can also become trapped by that association. Deqode’s broader service portfolio gives a customer more ways to engage the same provider as a product’s problems change.

Official portrait of Deqode founder and CEO Ankur Maheshwari
The man behind the name change: Ankur Maheshwari, who made a case for useful technology that could keep a low profile.

The company’s current history dates its beginnings to 2016 and records cloud and data expansion in 2020, Deqode Labs in 2021 and AI services in 2024. Blockchain remains on the menu. It now shares the table with the less fashionable work of migration, integration and maintenance.

Buying a team, not a login

A conventional software subscription sells access to a repeatable product. Deqode sells engineering services. Its consulting practice offers vetted engineers who work within a client’s product environment. Other engagements cover a defined build, modernization effort or continuing support. A customer can therefore buy additional capacity, an outcome, or a combination of the two.

The practical difference matters. A capable internal engineering manager might need backend developers or data specialists to clear a bottleneck. A smaller company may need architecture, design, testing and development together. These arrangements require different amounts of client supervision, even if both arrive under the convenient word “outsourcing.”

Deqode’s public customer material spans that range. Its website carries testimonials from Leda Health, art marketplace Peggy, bitfolios and Peculium. A Holiday Extras department manager describes bringing frontend, backend and data engineers into existing teams. Deqode reports serving more than 100 clients across more than 20 countries; that is its own statement of reach.

The PumaPay engagement offers another view. Deqode describes work on a pull-payment protocol, a cross-platform crypto wallet, Binance Smart Chain integrations and continuing features. The customer’s problem included reaching a beta without exhausting resources. Building the application and adjusting the engineering capacity were intertwined.

This breadth places Deqode between an individual freelance developer and a larger IT services organization. Its proposition is access to several technical practices through one partner. The comparison a buyer should make is specific: which named engineers understand this workload, who owns delivery, and how much coordination will the client still provide?

The bill is only half the arithmetic

There are two different costs in an engineering engagement: paying for the change and running the result. Deqode’s environmental advocacy case study addresses the second. The client faced problems retrieving data and wanted better financial reporting. Deqode describes a data pipeline, warehouse structures and a migration to Google Cloud. It reports a 55% cost reduction.

A percentage becomes useful when it is attached to a workload and a baseline. Here, the engineering work involved accessibility, reporting and infrastructure together. The sensible takeaway is to examine those parts of your own system before estimating savings. A migration has labor costs, and a cheaper cloud bill alone does not describe the full project economics.

Clutch’s directory listing gives a different kind of clue: an hourly range of $25-$49 and a minimum project size of $50,000+. Treat those as public buying signals. They help establish the scale of a conversation; a proposal still needs to price the actual scope, staffing and support obligations.

Deqode also offers annual maintenance and support. This is commercially sensible because a software project leaves behind a living obligation. Security patches, bug fixes and upgrades keep coming. Buyers should decide who will own those tasks while the project is still being scoped.

A weekly meeting can beat a clever framework

Customer reviews provide a small but useful counterweight to a long service menu. One 2020 reviewer wanted more frequent reviews of the work. The engagement used fortnightly meetings; the customer would have preferred weekly ones. In the same review, the buyer described selecting Deqode through a test task and working with at least four hours of time-zone overlap.

There is something pleasingly ordinary about this. The engineering partner may know several clouds and programming languages, but the partnership still depends on whether the buyer can see progress soon enough to correct it. A demonstration every week creates a different conversation from a reassuring status report every week.

The test task is particularly easy to copy. Give a prospective team a bounded problem that resembles the real assignment. Ask it to explain assumptions, expose trade-offs and show the result. Then evaluate the work and the communication together. This is an editorial recommendation drawn from the customer’s selection process, rather than a promise about every Deqode engagement.

Deqode cricket squad posing in orange company shirts with cricket bats
Orange shirts, straight bats. Deqode’s public team gallery includes this cricket squad; software delivery, too, benefits from knowing who is taking the next turn.

The company’s stated values emphasize collaboration, curiosity, humility and empathy. Those are useful intentions. A buyer can give them a practical test by watching how engineers respond to an unclear requirement or an awkward piece of feedback. The working relationship will reveal more than the vocabulary.

For a company with clear priorities and someone available to make decisions, Deqode’s mix of dedicated engineers and project services offers several routes forward. A vague brief needs more definition before staffing can help. A simple problem may be solved more economically by an existing product. A sensitive system may demand additional controls around access and handover. Choose the engagement to match the constraint.

Deqode’s most interesting promise is the possibility of changing software without letting the change consume the business. The buyer’s job is to turn that possibility into a concrete agreement: a bounded first assignment, a visible delivery rhythm and a clear owner for what happens after launch.