Penguin Formula

Penguin Formula

Enterprise web solutions development and integration

Overview

Penguin Formula specializes in building and integrating enterprise web solutions. It uses Java and JavaScript as its core skills and combines them with emerging languages and open-source tools to deliver customized software for business growth. The company works by developing, tailoring, and integrating software for enterprise clients and by providing highly skilled IT professionals for client projects, often as extended teams or staff augmentation. What sets Penguin Formula apart is its people-first approach: investing in the growth and happiness of its developers, emphasizing transparent, reachable, and discreet communication, and operating with a collaborative mindset—“we run together, we grow together.” The company’s goal is to help enterprise clients achieve growth by supplying qualified, communicative developers to build their customized products.

About Penguin Formula

Simplify's Rating
Why Penguin Formula is rated
C
Rated C on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Consulting

Enterprise Software

Cybersecurity

Company Size

1-10

Company Stage

N/A

Total Funding

N/A

Headquarters

Lisbon, Portugal

Founded

2016

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Simplify's Take

What believers are saying

  • LinkedIn shows active presence across Lisbon, Kriftel, and Amsterdam as of 2026-08-14.
  • Website updated 2026-07-07 suggests the company still maintains current marketing and operations.
  • Devs.com.pt describes broad services in software, mobile, and web development for enterprises.

What critics are saying

  • No 2025-2026 funding, layoffs, or customer wins surfaced in public sources.
  • Thin public footprint leaves hiring and revenue quality opaque versus larger nearshore consultancies.
  • If pipeline depends on undisclosed client projects, one major account loss hurts quickly.

What makes Penguin Formula unique

  • Lisbon-based software house founded in 2016, with offices in Germany and Amsterdam.
  • Specializes in enterprise web solutions, customization, and systems integration for corporate clients.
  • Penguin Formula 4World, EU-funded through FEDER, signals public-sector credibility in Lisbon.

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Benefits

Remote Work Options

Flexible Work Hours

Professional Development Budget

Company Equity

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