The European Commission anticipates a shortage of up to 900,000 skilled IT workers by 2020. At Penguin Formula, we are responding to this challenge by looking overseas. We believe the answer lies in highly competent, communicative IT professionals and we made our core business out of it.


We believe the future
depends on IT,
we deliver software development
to help meet this challenge.


We deliver a premium service
to our IT professionals,
so they can do the same
for our clients.


Providing highly skilled,
communicative IT professionals
to help build the customized
products of our clients.

Enterprise IT Partner

Let us know your needs

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Set up your nearshore team


I am a Software Developer


We help you grow your business

My business
needs software

I am a

Industries we work for

  • I work for Penguin Formula on a nearshore project for a Dutch company in the semiconductor industry. I started by going there for 1 month in the beginning to know the colleagues and the company, then got back to Portugal. This month I'll visit them again for the company's annual kickoff and for some platform upgrade works. I really like working for Penguin, because we have a very relaxing environment that allows work to flow smoothly and with this Nearshore project, I'm allowed to work abroad but still live close to my family and friends.

    Tiago Duarte
    Tiago Duarte Software Developer @ Penguin Formula
  • I´ve experienced the collaboration with PF as pleasant and empathic. Everyone we speak with wants to understand what the result should be and what we want to achieve with the product. Both short and long term. That brought us new insights and useful advice. We gratefully made use of that. Furthermore, I always experienced accessibility and availably. That resulted in a nice delivery of the agreed requirements.

    Piet Schouten
    Piet Schouten SocialCoin foundation
  • Penguin Formula helped us to grow our development team fast when one of our customers had a very urgent and big request. We are very satisfied with the expansion; high quality output and a social and communicative team. Also, from a business perspective the development of our product in Portugal instead of the Netherlands gives us high quality coding for a competitive price. Working together with these Penguins is a pleasure.

    Miguel Voigt
    Miguel Voigt Product Owner Letshare

The world is (y)ours

Designação do projeto | Penguinformula4World
Código do projeto |LISBOA-02-0752-FEDER-025141
Objetivo principal| Reforçar a Competitividade das pequenas e médias empresas
Região de intervenção |Lisboa
Entidade beneficiária |Penguinformula – Unipessoal, Lda

Data de aprovação | 08-03-2017
Data de início | 01-04-2017
Data de conclusão | 31-03-2019
Custo total elegível |
Apoio financeiro da União Europeia |FEDER – 161.340,00 EUR

Promoção Internacional da Empresa através de atividades de Inovação Organizacional e de Marketing, de forma a atingir um volume de negócios internacional acima dos 65%