In the beginning of 2018, Preqin decided to build a flagship new product — Preqin Pro, a web application that provides users access to the industry’s most comprehensive private capital and hedge fund data tools. Meanwhile, they were also on the lookout for a dedicated engineering team that would be an extension of their team in London.
When Preqin first approached The Scalers, they wanted to expand their existing engineering team from London. They were looking for a dedicated team of experienced engineers with expertise in the latest technologies such as .NET Core, Redux, Elastic Search, MongoDB, and SQL Server.
They needed a team to not just build Preqin Pro, an application more powerful than anything they’d ever created before, but also provide capacity for an increasing pipeline of new work.
Established in 2003, Preqin are one of the world’s most reliable sources of data, insights, and tools for alternative assets professionals across the globe. Taking the financial services industry by storm, today Preqin have more than 110,000 investors, fund managers, advisors, service providers, and other industry professionals who rely on them to make intelligent decisions in alternative assets. With products that range in asset classes such as private equity, venture capital, private debt, hedge funds, and real estate — Preqin helps their global client base make informed decisions in their financial activities.
“We wanted to have our own team and make it very ‘Preqin’ and we wouldn’t have been able to build that team so quickly without The Scalers. From managing the office space to the recruitment process and administration, we would not have had the capacity to do this ourselves - definitely not for such a large team.”
As of July 2020, Preqin’s Bangalore team has 100+ engineers, including backend developers, business analysts, quality assurance engineers, salesforce developers, and a scrum master. Roles like administration — for tasks like payroll and building maintenance — have also been filled.
The collaboration between Preqin and The Scalers led to the successful creation and launch of Preqin Pro — an innovative solution that helps alternative assets professionals make data-driven decisions. The engineering team is now working on a range of new projects, fully integrated with Preqin’s developers in London and across the world.
How did we do this? Download the full case study to find out:
How we helped a fintech establish a dedicated development centre in Bangalore
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