FrontEndART Software Ltd. has successfully implemented its project titled “Staff Expansion Resulting in Increased Capacity at FrontEndART Ltd.'s Szeged Site,” which received a non-refundable grant of HUF 29.4 million under the identifier GINOP-5.3.12-19-2020-00404. The development, with 70% funding intensity, aimed to expand the company's team of professionals, resulting in the addition of five new software developers (four junior and one senior) to the team. This increase in staff enables the company to further expand its service capacity while placing greater focus on the development of its own products—Quality Gate and SourceMeter. The project was successfully completed on December 30, 2022.
Beneficiary name: FrontEndART Software Ltd.
Project title: Staff Expansion Resulting in Increased Capacity at FrontEndART Ltd.'s Szeged Site
Grant amount contracted: HUF 29,400,000
Grant intensity (in %): 70%
Project description:
The company's goal—based on the business potential represented by its current network of clients and partners—is to grow to a stable staff size of 35–40 employees over the next 2–3 years. In addition to its current outsourcing and other software development activities, continuous development and commercialization of its own products present significant market opportunities. The company works with stable, long-standing partners, focusing primarily on financial and development fields. The number of incoming orders has started to grow steadily in line with customer satisfaction, pushing FrontEndART Ltd. to the limits of its current capacity. To retain clients, increase efficiency, and ascend to a higher market level, expanding the staff has become essential.
The aim of this project is to expand the company's capacity by hiring five new full-time software developers (planned to be 4 junior and 1 senior, working 8 hours per day, 40 hours per week). In addition to providing larger-scale services, the company plans to allocate the expanded staff to the development of its proprietary products (Quality Gate and SourceMeter). This type of diversification contributes to the stabilization of jobs and operational predictability. The Szeged headquarters, by size, comfortably accommodates the simultaneous employment of up to 50 individuals, and with the planned setup of new workstations, the infrastructural requirements for future employees are met.
Project completion date: 2022.12.30
Project identifier: GINOP-5.3.12-19-2020-00404