IT services - Ukraine Digital News

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

July 7, 2014

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

June 30, 2014

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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Entreprise application software market expected to shrink by 40% this year

June 27, 2014

During the first five months of 2014, the volume of services provided by entrepreneurs and organizations in the information and telecommunications sectors in Ukraine were valued at 28.8 billion hryvnias (approximately $2.42 billion), reports the State Statistics Service of Ukraine. More specifically, telecom companies accounted for services valued at 19.78 billion hryvnias (approximately $1.66 billion), …

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Apex VNT Limited acquires 10% of Ukrainian IT-outsourcing firm Epsy Soft

June 13, 2014

Apex VNT Limited, an international venture fund with offices in London and Kiev, has completed its first investment in the Ukrainian market, acquiring 10% of IT-outsourcing firm Epsy Soft for 2.3 million hryvnias (approximately $195,000). In commenting on the deal, Apex VNT PR director Dmitry Chepur told Ukraine Digital News that this is merely their first move into …

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

June 1, 2014

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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Virgin boss Richard Branson backs Ukraine’s IT industry

May 1, 2014

A plan by a group of IT entrepreneurs in Ukraine to help the nation’s economy grow during and after the current political crisis has received backing from Virgin boss Richard Branson. In March 2014, the Ukrainian IT industry set out a list of actions the new national government should take to protect the sector amid political …

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

April 20, 2014

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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Ukrainian IT community calls for government reforms to help create innovative Ukraine

March 27, 2014

Yevgen Sysoyev and Eugene Leng, partners of Ukrainian VC fundAVentures Capital have led the working group that prepared a proposal for Ukrainian government to boost its innovation industry called Strategic National Project “Innovation Ukraine”. In an open letter, which also included names of the working group members – representatives of Internet, Outsourcing and IT community of …

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Ukraine after the crisis: Moving to a knowledge-based economy – an invitation to act now

March 6, 2014

Dear Mr. Sheremeta, I would like to extend this invitation to you, as a representative of the government, to have a meeting with “IT Ukraine” association using this document as the agenda. We should immediately establish a working group to transform these ideas into concrete plans that can be put into action right away. As …

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