Egwin Avau
CEO
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Our product portfolio foundations are rooted in the combination of deep scientific or industry expertise and our proven software delivery model. Creating sustainable new business value through meaningful partnerships with people and organisations who know their field inside out.
Quality takes time and there are no corners you can cut in pursuit of product market fit. We fundamentally trust in the product development process: being consistent in decision making over a long time span combined with excellence in delivery will give the greatest chance of success.
Rather than merely delivering on predefined specifications, we choose to set out customer success instruments to continuously gather user input in order to let them indicate the further product roadmap. We do believe in joint user- and revenue milestones over the long haul together with our partners.
At the end of the day, the bits and bytes we ship are our ultimate deliverable. We honour great engineering and we’ll never stop pushing ourselves and each other to keep raising the bar and take part in shaping best practices in our industry. Doing inspired work is great. Raising the bar is awesome.
Panenco was founded in September of 2014 by Egwin Avau and Maarten Baeten. Following their studies at KU Leuven with a degree in Business & Information Systems Engineering, they started out in the university's student incubator center - KU Leuven KICK - to lay the foundations for a mixed service and product strategy.
Teams started to shape up in Belgium, Ukraine and Portugal, currently amounting to 50+ specialists. Maarten joined McKinsey & Company in 2018, yet he remains Panenco's biggest fan from the sidelines.
The offices quickly moved towards the Innovation and Incubation Center from KU Leuven on the Heverlee campus, followed by a move towards the city center right next to AB Inbev in the Van der Elst building in Leuven in October of 2020. Over the years the activities kept broadening into a full-service product development offering. Panenco has been following an organic growth trajectory, and aspires to continue to do so. The company's success will be the sum of the product successes.