LONDON, March 14, 2013 /PRNewswire/ --

Software Development specialist, Kynetix, today announced the launch of its risk-free, custom software development service, Assure+, which they believe could change the way in which businesses expect to procure software projects.

The service provides companies with the opportunity to run their custom software development projects safe in the knowledge that the supplier company, Kynetix, will bear the financial risk of the project throughout. Custom software development projects run using the Assure+ service will not be invoiced until the software has been accepted by the client.

Software project risk is usually borne by both the client and supplier company - with staged payments being made throughout the project life span to pay for the resourcing and continued work.

CEO and founder of Kynetix, Paul Smyth, believes this offering is not only game-changing for companies procuring software development but will also help companies who are currently compromising on their software needs by using package software.

"Everyone knows that the economic conditions have made companies more risk-averse than ever before. This has resulted in compromises being made. In some cases package software is being purchased in an attempt to solve specific business problems instead of  taking on the perceived risk of a custom software development project," comments Smyth.

"However many companies don't factor in the real cost of doing this. As well as the package price there are also costs to tailor the software, integrate it with existing systems and the opportunity cost of not having the right software in place fast enough, especially if it is to solve an urgent business issue."

This is a view supported by research into application package software carried out by global IT advisory firm, Cutter Consortium. Their study surveyed a wide range of organisation types and sizes about their use of application packages and their deployment experiences. When respondents were asked about the degree of customisation that was needed for package software to work effectively, 49% said that it exceeded expectations and anticipated budget.

Smyth concludes:

"We think this method of software development project procurement will change the industry. We say that confidently because when businesses understand that there is an alternative way to undertake custom software development that assures them of a successful project outcome it will be difficult to go back.

"We believe Assure+ will help companies get the best software to provide a fast return on investment - and demonstrates the confidence we have in our abilities as Agile software development experts. At the end of the day it's a win/win situation for clients who get software that they know will meet the specific needs of their organisation - guaranteed."

About Kynetix

Kynetix is the City's most trusted software development partner, whose solutions are relied upon to run mission critical systems for the World's leading financial institutions.

By employing only the most talented developers and best practice methodologies we deliver custom software projects for our clients - fast and predictably.

To find out more visit http://www.kynetix.com/assureplus/

SOURCE Kynetix