Another three Ukrainian companies have joined the Euvic Group: Artkai, 7devs and Lampa Software, the company said.
“Last year we established cooperation with the Lviv company Exoft. After a year of cooperation, we can confidently confirm that despite geopolitical turmoil, the Ukrainian IT business remains stable. A year of shared experience has confirmed our belief that it is a good direction of investment, searching for business partners, involvement in joint business. They also have an additional dimension – they create jobs and are strategically important for supporting the Ukrainian community,” said Wojciech Wolny, President of the company.
After Exoft, the Group was also joined by Lwowski Artkai Holding LCC with extensive competences in the field of product design and charkowski 7dev LTD and the vineyard Lampa Software LCC – companies providing IT services in the outsourcing model. Today, the companies employ a total of about 300 people and generate revenues of $10 million. Over 95% of their clients’ portfolio are customers from outside Ukraine. The investment agreements were signed on 17 November in Lviv.
“Our key task now is to develop a model of cooperation between the new members of the Group and to ensure that they operate efficiently across the Euvic Group ecosystem. Based on our know-how and experience in using the potential and synergy of entities belonging to the Group, we hope to create an effective competence center in Ukraine, whose activity will focus on the development of the portfolio of projects and clients on international markets” – added Vice-President Euvic and President of Euvic Ukraine Lukasz Czernecki.
Euvic said it is still exploring investment opportunities in Ukraine. MergeWave Capital, who specializes in consulting in the field of mergers and acquisitions and investments on the Ukrainian market, supports him. Their attention is given especially at companies that employ from 50 to 150 people, it is given.
The Euvic Group employs nearly 6,000 people and is one of the largest tech-capital groups on the Polish market.
Source: Euvic Group and ISBnews
