Insoft Capital and AVentures Capital announced today they sold a majority stake in CoreValue to IT Kontrakt, a leading IT outsourcing service provider based in Poland. No details about the transaction or the stakes sold by the two investors were disclosed. As part of IT Kontrakt, Core Value is joining ‘IT Services Competence Platform,’ a …
Polish IT Kontrakt acquires Ukrainian IT service provider CoreValue Read More
Ukrainian tech investor Oleksii Vitchenko has acquired Translate.com, a US-based publisher of enterprise translation solutions. Among the company’s products are such ones as ‘Website Localizer,’ which lets you “localize your entire website within minutes;” ‘GoGlobal API,’ which allows external applications “to order human translations for text content” in multiple languages; ‘Translate Zendesk App,’ which “automatically translates support …
Ukrainian investor buys Translate.com from US media and Internet company Read More
Tech investment volumes in Eastern Europe and Central Asia were modest last year, if compared with the Chinese, US or Western European markets. However, 2018 was marked by giant corporate deals involving international players while a series of smaller venture transactions illustrated the diversity of the regional startup scene. In this review, which encompasses Russia, …
2018 Eastern Europe and Central Asia Tech Investment Overview Read More
Earlier this week DXC Technology and Luxoft, two major, NYSE-listed IT service providers, announced a definitive agreement for DXC to acquire Luxoft. At $59.00 per share in cash, the deal represents a total equity value of approximately $2 billion, according to the press release. Still subject to customary conditions and regulatory approvals, the transaction is expected to …
U.S. IT service giant DXC Technology to acquire Luxoft for $2 billion Read More
Note: This story has been updated following new elements brought by one of Teleport’s founders Snapchat has hired some of the best developers of Teleport, a startup launched by tech entrepreneurs from Ukraine, Estonia and Russia. The US company is also said to have acquired the processing image technology developed by this company, which claims it …
Snapchat reportedly buys Teleport’s technology, woos its best developers Read More
Ukraine’s largest e-commerce firms, Rozetka and EVO Group have merged after getting the thumbs up for the union from Ukraine’s Antimonopoly Committee on Nov. 27. The e-commerce firms finalized anagreement that had been pending for almost four months as the companies waited for the go-ahead from the Antimonopoly Committee. Under the agreement, Rozetka has now bought …
Ukrainian e-commerce heavyweight Rozetka acquires EVO Group, firms to merge Read More
Ukrainian-Polish startup Newzmate has been acquired by Piano Software, a US-based international provider of solutions for digital content management, for an undisclosed amount. Newzmate’s content marketing automation product will be rebranded to ‘Piano ESP’ while the startup’s office in Kyiv (Kiev) will serve as Piano’s representative office in Ukraine. Asked about the outcome of his investment, …
US digital content solution provider Piano purchases Ukrainian-Polish startup Newzmate Read More
Ukraine’s largest e-commerce firms Rozetka and EVO Group are to merge in order to develop an “ecosystem for local internet buyers and sellers,” the companies announced yesterday. The agreement foresees Rozetka buying a 56% share of EVO Group from Naspers, the multinational internet and media group whose online marketplace OLX also operates in Ukraine. The companies plan …
Ukraine’s e-commerce giants Rozetka, EVO Group plan to merge Read More
Partners Group, a Swiss investment company, has bought shares in international GlobalLogic, one of the three most profitable Ukrainian tech firms, and one the biggest employers in Ukraine’s tech sector. The Swiss company announced on May 23 it had acquired 48% of GlobalLogic shares, which, given the company’s market capitalization ($2 billion), means the deal cost …
Swiss investor buys stock worth $1 billion in one of Ukraine’s largest IT companies Read More
Nordcurrent, a Vilnius-based game publisher, has acquired Blam! Games Studios, a game development company based in Odessa, Southern Ukraine, the Lithuanian company announced in late April without disclosing the amount of the deal. As part of the deal — which comes after four years of cooperation — Blam! Games will become Nordcurrent’s third studio, coming in addition to Vilnius and …
Lithuanian game publisher acquires Ukrainian game studio Read More
On Wednesday YouScan, a social media software startup with Ukrainian and Russian roots, announced the acquisition of BrandSpotter, a leading social media monitoring service in Russian-speaking countries. The parties did not specify the amount of the deal, but announced that the BrandSpotter technology and trademark have been transfered to YouScan.
Amazon has acquired a U.S. tech startup for reportedly $1 billion. Called Ring, the startup, which develops smart home systems, has one of its largest development centers in Ukraine. Ring makes high-tech doorbells, and by purchasing it on late Feb. 27, Amazon expects to improve its parcel delivery service. Ring doorbells record live video of …
Amazon pays $1 billion for Ring, tech startup with Ukrainian developers Read More
