M&A - Ukraine Digital News

VistaPrint acquires Ukrainian Depositphotos for $85 million

October 28, 2021

Ukrainian creative content provider Depositphotos announced today its acquisition by VistaPrint, a global leader in custom-printed products for SMEs. This is a full acquisition, paid in cash at a value of $85 million, the Depositphotos press service told Ukraine Digital News. VistaPrint is buying the Depositphotos group with its various entities, including Depositphotos, Lightfield, Bird In Flight and WAS, as …

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Russian and Ukrainian roots, US exit: Jelastic acquired by Virtuozzo

October 11, 2021

Last week Jelastic, a multi-cloud Platform-as-a-Service (PaaS) company established in Silicon Valley with Russian and Ukrainian roots, announced its acquisition by Seattle-based Virtuozzo. The terms of the deal were not disclosed. Jelastic’s cloud services combine platform and container capacities in a single package for hosting providers, enterprises and developers. Virtuozzo is a leader in virtualization and hyperconverged software: its …

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Kazakh fintech giant to acquire Ukraine’s online payment service Portmone

July 28, 2021

Kazakhstan’s largest financial technology firm Kaspi.kz has signed a purchase agreement with Ukraine-based online payment service Portmone, according to financial statements Kaspi.kz published on July 26. If Ukraine’s Antimonopoly Committee and the National Bank approve the acquisition, Kaspi Pay, a subsidiary of Kaspi.kz, will buy 100% of shares of Portmone Group. Kaspi.kz expects to finalize the deal in …

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Datagroup acquires Volia with EBRD support to consolidate Ukrainian fixed telecom market

June 14, 2021

Last week Datagroup, a leading national fibre infrastructure and digital services provider in Ukraine, announced the acquisition of Volia, the country’s leading pay-TV and cable broadband service provider in the retail segment. The details of the transaction were not disclosed. As reported in April, the European Bank for Reconstruction and Development (EBRD) supported the deal by providing $65 million in financing. …

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Ukrainian-founded digital transformation major Grid Dynamics acquires e-commerce solution provider

June 9, 2021

Grid Dynamics, a Ukrainian-founded, NASDAQ-listed digital transformation consultancy and solution provider, has acquired Tacit Knowledge, a major provider and integrator of digital commerce solutions. “We are pleased to welcome Tacit Knowledge to the Grid Dynamics family. [This company] excels at consulting for top global brands, differentiate through a focus on digital transformation, and consistently deliver the highest …

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French BlaBlaCar acquires Octobus to digitize local bus operators

April 22, 2021

French carpooling company BlaBlaCar has acquired Ukrainian tech firm Octobus that develops software for bus operators to manage their finances and ticket sales. The companies have not disclosed the price of the acquisition. With Octobus, bus carriers could sell tickets online, analyze their sales and create mobile apps for drivers to keep track of passenger traffic. BlaBlaCar …

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Russian gaming giant Playrix acquires Ukrainian Boolat Games

March 24, 2021

Earlier this week Playrix, a global Russian-founded gaming giant, announced the acquisition of Ukrainian game studio Boolat Games. The terms of the deal were not disclosed. Launched 20 years ago, Boolat Games creates multi-platform free-to-play and adventure games. Different genres are available, from casual to hardcore: RPG, time-management, hidden objects, strategy, etc. The studio’s portfolio features dozens of …

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Sigma Software acquires Ukrainian outsourcing company IdeaSoft

February 2, 2021

Last week Sigma Software Group, a Swedish-Ukrainian company, announced the acquisition of the Ukrainian IT outsourcing company IdeaSoft, headquartered in Kharkiv (Kharkov). The company, which has an in-house team of 120 developers, will continue working under its existing brand within Sigma Software Group. The amount of the deal was not disclosed, but Yevgen Sysoyev, a …

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GitLab, a Ukrainian-founded US software startup, is now valued at $6 billion

January 20, 2021

GitLab, a San Francisco-based open-source software startup founded in 2014 by Ukrainian entrepreneur Dmitry Zaporozhets, saw its valuation jump to $6 billion in November 2020 as it organized a $195 million secondary sale. The unicorn is now considering going public, as reported last week by the US media. Using the DevOps application software development methodology, …

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US game publisher takes control of Ukrainian studio Hologryph

November 30, 2020

Last week US game publisher TinyBuild announced a $3 million investment in Hologryph, a Ukrainian game studio known for the game Secret Neighbor. Hologryph’s valuation was not disclosed, but VentureBeat reported that the deal will give TinyBuild a majority stake in the company. Hologryph studio is based in Lviv, Western Ukraine, and has 11 employees …

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American Cprime acquires Ukrainian IT service firm Archer Software

November 16, 2020

A new acquisition was announced last month on the thriving Ukrainian IT service scene. US company Cprime bought Archer Software, a Ukrainian tech consulting and custom software development firm with offices in Dnipro, Kyiv (Kiev) and New York. The terms of the deal were not disclosed, but industry insider Vitaly Gorovy told Ukrainian tech blog AIN.UA that Archer …

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Embracer Group acquires Ukrainian 4A Games for up to $71 million

August 21, 2020

Last week Embracer Group announced the purchase of several game studios, including Ukrainian 4A Games . The Swedish company has fully acquired this famous game developer and publisher, which is behind the popular Metro series launched in 2010. The upfront purchase price, paid in cash and newly issued B shares, amounts to approximately $36 million …

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