International

How Ukraine’s IT outsourcing industry has been impacted by the Maidan revolution

Since Ukraine popped up on the front pages of newspapers around the globe at the beginning of this year, there have been concerns – from both overseas customers and employees here in Ukraine – about how the Maidan revolution and its aftermath will impact the IT industry. Let us try to quantify what’s happening right now in the industry with …

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American technology companies have a lot at stake in Ukraine

An astounding number of American technology companies employ engineers in Ukraine, but you would never know it. Most don’t have formal offices in Kiev, preferring to hire people through intermediaries. Many companies would prefer to not publicly acknowledge these employees exist given that “outsourcing” is a dirty word in in U.S. politics. But given the …

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Ukrainian business angels gather in an association

Last week Ukrainian business angels announced the creation of the UAngel local and international association. UAngel will provide access to information on deals, encourage co-investment and organize events and training programs for association members. “This is a super-important element of the startup ecosystem, which Ukraine was indeed missing. Just compare these numbers: in 2012, VCs invested …

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Intel Capital teams up with two Russian funds to back Ukraino-Russian bus ticket software developer

Gill Business Systems (Gillbus), a company that develops inventory distribution systems (IDS) for the bus-transportation industry, has secured $3 million from a consortium of three venture funds – Intel Capital, InVenture Partners and FinSight – at an undisclosed valuation. Launched in Ukraine in 2010, Gillbus aims to make distribution of tickets for buses “as smooth as tickets for airlines.” The company …

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Three Ukrainian companies rated “rising stars” in global ranking of IT outsourcing companies

In its annual ranking of the world’s best outsourcing service providers, the International Association of Outsourcing (IAOP) has included three Ukrainian companies among the “Top 5 Rising Stars:” Intetics, Miratech and Softengi made the list, occupying the 3rd, 4th, and 5th spots, respectively. EPAM and Luxoft – two companies with Russian origins and large development …

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“IT outsourcing for democracy” – Ukraine launches promotion campaign in the US

The Ukrainian Embassy to the United States will begin a campaign to support IT outsourcing to the country during its crisis with Russia. The slogan of the campaign, set to begin with an event at Ukrainian embassy in Washington, D.C. on April 29, is “Increase Profits. Support Democracy. Cloudsource to Ukraine.” IT outsourcing has become …

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Coppertino raises $500,000 from AVentures, TA Venture and Torben Majgaard

Coppertino, a Los Angeles-based startup with Ukrainian origins, announced today that it has raised half a million dollars at an undisclosed valuation from leading Ukrainian investment firms AVentures and TA Venture as well as from Torben Majgaard, the Danish founder of Ukrainian IT-outsourcing company Ciklum. Founded in 2011 by Petro Bondarevskyi and Ivan Ablamskyi, Coppertino has maintained its R&D …

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Russian and Ukrainian VCs team up to invest in US software startup

As Russia and Ukraine were escalating to a new level of mutual threats and recriminations earlier this week, venture funds offered a welcome illustration that nationalism has not completely spoiled relations between the two countries. A leading Kiev-based fund, AVentures Capital, has teamed up with two Russian funds, Almaz Capital and ABRT, to inject $3.25 …

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Ukraine’s TA Venture and Russia’s ABRT team up to invest in UK startup Zesty

Zesty, a London-based service for booking medical appointments online, announced today that it has obtained $2 million in funding at an undisclosed valuation from Ukrainian VC TA Venture and Russian VC ABRT Fund. The company – which was backed at the seed stage by Luxembourg-based VC Mangrove Capital Partners, – says that it will use the new …

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Is Crimea part of Russia? – Answers found on Facebook, Vkontakte, Yandex differ; Wikipedia changes its mind

Three weeks after Russia asserted that Crimea and the city of Sebastopol have become part of its territory, Facebook and Russian-language social network Vkontakte still categorize the inhabitants of these regions as being located in Ukraine. Meanwhile, two other major social networks, Odnoklassniki (Classmates) and Moi Mir (My World), have already classified them as being part …

Is Crimea part of Russia? – Answers found on Facebook, Vkontakte, Yandex differ; Wikipedia changes its mind Read More

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