COHERENT SOLUTIONS: STABILITY IN TURBULENT TIMES

For 30 years, Coherent Solutions has been a leader in offering advanced, tailored software and engineering solutions to an ever-growing number of companies across the globe. Today, its teams create advanced solutions that apply AI, data and analytics, product design and user experience, DevOps and cloud, digital product engineering, quality assurance, mobile development and more. Six years ago, the US corporation opened an office in Bulgaria, recognizing the potential of local IT talents in providing the consistently excellent quality of work Coherent Solutions' is famed for among a broad range of clients. Coherent Solutions Bulgaria quickly became one of the most respected names on the local market and became vital for the operations of the entire corporation. Putting IT talents first is one of the core drivers of its success. How does Coherent Solutions Bulgaria deal with the latest trends in the global and local IT market? Its General Manager, Boyan Antonov, elaborates.

What are the main trends and challenges shaping the global IT sector at the moment?

One of the main trends in the global IT sector is the prevailing uncertainty. Changing priorities and the slowing down of strategic projects and developments, mainly due to geopolitical issues and military conflicts, are creating additional pressure on companies. Many technology companies are faced with the need to review their strategies to adapt to the new realities, including economic instability and resource shortages. In addition, both large and small companies are feeling the effects of reductions in technical teams, making it even more difficult to maintain innovation and growth.

What is the situation in Bulgaria?

In Bulgaria, similar to global trends, the IT sector is also feeling the pressure of layoffs and team downsizing. Despite the country's stable presence as an outsourcing destination, many companies are choosing to optimize costs by reducing staff. The main challenge here remains attracting and retaining qualified specialists who can meet the increasing demands of international clients.

What are the key strategies that Coherent Solutions is using to succeed in these challenging times?

At Coherent Solutions, we have implemented and work under the EOS (Entrepreneurial Operating System) management methodology, which follows the principles of the book Traction. This has allowed us to respond promptly to market changes and client challenges. At the start of the year, we adapted our short-term strategy to optimize costs and revenues while keeping our core teams flexible and effective. Additionally, we actively invest in the upskilling of our employees to ensure they are prepared to meet new market trends and deliver high-quality solutions to our clients. Despite the industry-wide layoffs, we continue to offer resilient solutions and maintain a high level of motivation and loyalty among our staff.

What are the key advantages of your chosen approach?

The main advantage of our approach, following the EOS methodology, is our ability to react quickly to the changing business environment. By using dynamic and up-to-date data, which we collect and analyze in real-time, we can make informed decisions and adjust our strategies promptly. This gives us flexibility and creativity, especially in an environment of uncertainty and rapid changes. EOS helps us focus on key priorities through the clear definition of "Rocks" (quarterly priorities), providing structure and direction to our teams. The transparency created through regular meetings and active internal communication helps ensure the effective execution of tasks.

What are the advantages for employees?

Our employees appreciate the clarity and openness in management processes. In times of uncertainty and layoffs, we provide stability through transparent communication and commitment to our values and long-term goals. The EOS system allows everyone to understand their role and contribution while fostering a sense of belonging.

What about the advantages for Coherent Solutions' clients?

Our clients value our flexibility and commitment, even in difficult times. Despite the challenges associated with layoffs and economic uncertainty, we continue to deliver high-quality services and maintain a high level of dedication to projects. Thanks to the tools we use through EOS, we can communicate effectively and adapt our solutions according to changes in our clients' needs.

Sofia, 40 Tsarigradsko Shose Blvd

www.coherentsolutions.com