News - Ukraine Digital News

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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New Ukraine-made mobile game downloaded 1 million times in the first week

June 11, 2014

Many of you might know the Ukrainian game development industry by its recent hits, including Assassin’s Creed, the Star Wars series, Crysis, Metro 2033, S.T.A.L.K.E.R., Warface and World of Tanks – which were all fully or partly developed in Ukraine. Launched on May 15, ZADZEN’s Elements: Epic Heroes is the latest in this series of …

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Jabil Circuit Ukraine to invest $1.5 million in electronics production in Transcarpathia

June 3, 2014

Having already invested $88 million since it established a base in Uzhgorod, Ukraine in 2004, the US-based manufacturing giant Jabil Circuit announced yesterday that they intend to spend a further $1.5 million for the purpose of boosting manufacturing-capacity for high-tech, complex products. The company says that this latest investment will be directed towards boosting output …

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Sergiy Tigipko: Ukrainian IT market could increase to $10 billion a year with state support

May 21, 2014

State support in Ukraine would boost the market for IT services to $10 billion a year, said Ukrainian lawmaker and presidential candidate Sergiy Tigipko. “Today Ukraine is manufacturing $1.5 billion worth of IT products for export annually and that market is growing by 30%. Therefore, if we create incentives, in the next two or three …

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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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Russia seeks to develop startup industry in Crimea

April 25, 2014

The Internet Initiatives Development Fund (IIDF, or FRII in Russian), a government-backed fund supporting startup development, will open a remote regional accelerator in Sevastopol, Crimea, as soon as this summer, the Russian business daily Kommersant reported last week. The fund is expecting to support five to seven projects, which will be evaluated on the local and national levels. Funding …

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

April 18, 2014

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

April 18, 2014

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

April 11, 2014

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

April 11, 2014

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 …

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Pro-Ukrainian hackers break into Russian State Duma website

April 10, 2014

The cyber-war between participants of the Russian-Ukrainian conflict carries on. Yesterday evening hackers posted an anti-Russian message on the webpage of the Russian State Duma’s Committee on Regional Politics and Problems with the North and Far East, on behalf of Russian Communist Party member Nikolay Kharitonov. The message was about how “all of the power of …

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