The Power Within: The Kyiv Independent’s first-ever magazine. Be among the first to get it.

pre-order now
Skip to content
Edit post

German-based tech company Avenga buys Ukrainian outsourcer Perfectial

by Daryna Antoniuk November 25, 2021 3:47 AM 1 min read
(twoheartsphoto.gallery.photo)
This audio is created with AI assistance

Avenga announced the deal on Nov. 25. The company didn’t disclose how much it paid, however, Forbes Ukraine reported that Ukrainian investors estimated the purchase at nearly $20 million.

This is Avenga’s second acquisition in Ukraine. Close to 700 of Avenga’s 3,000 tech specialists work in Ukraine.

Perfectial employs nearly 500 people. It generated $1.1 million in revenue last year and posted a $70,000 profit.

Ukraine has a growing tech industry with over 200,000 highly-skilled tech specialists who earn half as much as their counterparts in Germany or the U.S.

News Feed

6:54 PM

Mariupol defender appointed commander of Azov Brigade amid military reform.

Following the start of Russia's full-scale war in 2022, Hrishenkov defended Mariupol, where he was injured. After 86 days of defending the encircled city under heavy Russian bombardment, he and about 2,500 other fighters left the Azovstal steel plant after Ukrainian commanders ordered the defending garrison to lay down their arms.
6:21 PM

4 days of hunting Russian drones.

The Kyiv Independent contributor Ignatius Ivlev-Yorke spent four days following an air defense unit guarding the skies over a region in eastern Ukraine, seeing how they live, work, and save civilians from the dozens of Russian drones flying toward Ukrainian cities each night.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.