IT services

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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Report: Ukraine’s IT export exceeded $5 billion in 2020

March 3, 2021

Last month the Ukrainian online tech resource TechUkraine has released its annual report on the country’s tech sectors.  “While 2020 has been a year of groundbreaking changes, the Ukrainian tech sector has demonstrated its proactivity, flexibility, continued job creation, great kicks off, and investment deals,” believe the authors of the report.  These achievements came as the country …

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Sigma Software acquires Ukrainian outsourcing company IdeaSoft

February 8, 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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Ciklum backed by US technology investment firm

January 4, 2021

On December 29 Ciklum, a major software engineering company operating globally from its main office in Kyiv, announced a “significant strategic investment” from Recognize Partners, an American global technology investment firm. The details of the transaction were not disclosed.  Recognize’s co-founder Francisco D’Souza and partners Rajeev Mehta and Josh Miller joined Ciklum’s board of directors. …

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Ukrainian software development company S-PRO gets funding to enlarge customer base in Western Europe

January 5, 2021

Ukrainian IT outsourcing company S-PRO has raised funding from SARS Capital, an international investment banking firm specializing in financial consulting in Eastern Europe. The amount of the transaction, which was reported by Ukrainian tech blog AIN.UA, remains undisclosed. S-PRO is an award-winning Ukrainian full-cycle software development company, incorporated in 2014. It specializes in digital solutions …

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American Cprime acquires Ukrainian IT service firm Archer Software

November 18, 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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In Western Ukraine, Lviv IT Cluster and USAID to launch IT service marketplace

September 7, 2020

Industry association Lviv IT Cluster is announcing the ‘Lviv Tech Marketplace’ initiative, aiming to promote the IT industry in Western Ukraine and help small and mid-size IT companies enter global markets. The initiative enjoys the support of the USAID Competitive Economy Program in Ukraine.  This online platform will feature “the most up-to-date information on IT companies in …

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In Western Ukraine, IT industry association supports massive COVID-19 testing and local emergency needs

March 26, 2020

Industry association Lviv IT Cluster is launching ‘United for Health,’ a healthcare initiative to support this city of Western Ukraine and its region. As Ukraine is entering its third week of quarantine, this initiative aims to mobilize the local IT community, the local authorities and the Coronavirus Emergency Operation Center to “prevent the spread of …

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21 Ukrainian firms ranked among world’s top 100 tech outsourcers

March 18, 2020

Thirteen chiefly Ukrainian and eight Ukraine-based tech companies have been included on the International Association of Outsourcing Professionals annual list of the world’s best outsourcers. The prestigious Global Outsourcing 100 review, published on Feb. 19, compiles customer references, awards, innovation programs and corporate social responsibility initiatives. This year’s ranking includes such tech firms as AMC Bridge, …

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Viber to open second R&D center in Ukraine

February 6, 2020

The Japanese tech firm Rakuten, which owns the popular messaging app Viber, plans to open a second research and development center in Ukraine, Ukraine’s Digital Transformation Ministry announced late on Feb. 4. The new office will open in Kyiv, expanding on the company’s first location in Odesa, the Black Sea city some 600 kilometers south of Kyiv …

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Ukrainian IT rides global wave, needs better dialogue with government

December 23, 2019

Ukraine’s new parliament and Cabinet of Ministers have a record number of people who previously worked in the information technology industry. One of the key tasks for these people is to increase the already rapid pace of local IT development. The industry’s revenues increase by 30% every year and could reach $5.4 billion by the …

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