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

5:54 PM

How Trump plans to end Ukraine war, according to Volker.

A few hours after Donald Trump was declared the winner of the U.S. presidential election, the Kyiv Independent sat down with Ambassador Kurt Volker, who served as the U.S. special representative for Ukraine negotiations in 2017-2019, and as U.S. ambassador to NATO in 2008-2009.
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.