Onymos offers software developers ready-built components it calls Features-as-a-Service for requirements typically used in many mobile applications, but also edge and IoT applications.

Summary

Catalyst

Onymos offers software developers ready-built components it calls Features-as-a-Service for requirements that are typically reused in mobile applications, edge, and Internet of Things (IoT) applications. The company delivers the components in the form of a code library, offering an option to license the full source code in commonly used mobile programming languages that developers can insert into their applications. This model addresses how organizations face both greater complexity in building modern applications due to digital transformation and cloud native computing and skills shortages in hiring developers. Onymos can help accelerate development with its prebuilt function portfolio for common tasks, allowing the customer to focus on the business logic.

Omdia view

Onymos’s business proposition is that it provides Features-as-a-Service components either as code libraries or as source code for its customers to integrate directly into their mobile, edge, and IoT applications. The business model is sustainable because source code has limited time value, so turning customers into subscribers gives them continuous access to updates and changes. The selling process to enterprises is also easier because information security teams do not have to secure any bytes of executable code. Onymos services provide source code that is transparent, and approval usually takes just days.

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