Tech

German-based tech company Avenga buys Ukrainian outsourcer Perfectial

by Daryna Antoniuk November 25, 2021 3:47 AM 1 min read

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.

Daryna Antoniuk

Tech reporter

Daryna Antoniuk is a tech reporter at the Kyiv Independent. She worked in the same role at the Kyiv Post and has focused on Ukrainian startups, investment and the fintech market. Antoniuk previously was a tech reporter for Forbes Ukraine. Her work has also been published at Sifted and The Record. She graduated from Taras Shevchenko National University in Kyiv with BA in journalism and communications.Read more

News Feed

10:19 PM

(Updated: June 14, 2025 7:37 am)

Casualties increase as Iran, Israel continue exchanging strikes.

Iran and Israel continued to exchange attacks on June 14, more than 24 hours after Israel launched its first strikes on Iran's nuclear sites and military leadership. Civilian casualties have been reported in both countries.

7:02 AM

US opposes lowering G7 cap on Russian oil, Bloomberg reports.

The United States is opposing a push by other G7 members to lower the price cap on Russian oil from $60 to $45 per barrel, ahead of the group’s summit in Canada.

4:09 AM

Three Ukrainians killed in bus accident in France, Zelensky confirms.

Three Ukrainian nationals were killed in a bus accident in France on June 13, President Volodymyr Zelensky confirmed in a statement on Telegram. The accident occurred in northwestern France as a group of Ukrainian adults and children was returning from an educational exchange.

1:24 AM

Ukraine's Sapsan ballistic missile to enter serial production following successful combat testing.

Ukraine’s domestically developed short-range Sapsan ballistic missile has successfully completed combat testing and is in the process of serial production, Ukrainian media reported on June 13.

11:28 PM

Russian Su-25 jet reportedly crashes in Donetsk Oblast.

A Russian SU-25 fighter jet reportedly crashed over Donetsk Oblast on June 13, Russian social media channels reported.

9:56 PM

Ukraine war latest: Ukrainian MiG-29 strikes Russian drone hub, ammo depot in Zaporizhzhia direction, releases video.

9:46 PM

Without a hint of irony, Putin offers condolences for 'civilian casualties' in Iran, condemns Israel's 'violations' of UN Charter.

The conversations took place just hours after Russia launched its own missile and drone assault on Ukraine.

8:07 PM

(Updated: June 13, 2025 9:20 pm)

Middle East

How an Israel-Iran war could help Russia's economy — and deprive Ukraine of weapons

7:32 PM

(Updated: June 13, 2025 8:42 pm)

Iranian commander killed in Israeli airstrike oversaw Shahed drone supply to Russia.

Amir Ali Hajizadeh was sanctioned by the European Union in 2022 for overseeing Tehran's supply of Shahed-type drones to Russia.

8:37 PM

British jets intercept Russian spy plane over Baltic Sea, Poland calls it NATO readiness test.

"This is another case of provocative testing of the readiness of NATO countries' systems," Poland's military command said.

6:41 PM

Ukrainian military denies NYT claims about Russian presence in Dnipropetrovsk Oblast.

To date, Dnipropetrovsk Oblast — a major industrial region in central Ukraine — has not seen confirmed Russian ground incursions.

5:48 PM

Russia may provoke crisis in Transnistria ahead of Moldova's elections, Sandu warns.

"All these years, Russia has been using the residents of Transnistria and can provoke an even greater crisis at any moment," Moldovan President Maia Sandu said.

4:58 PM

Ukrainian MiG-29 strikes Russian drone hub, ammo depot in Zaporizhzhia direction, releases video.

The Air Force thanked international partners for providing the guided munitions used in the attack.

3:51 PM

Russia preparing strategic reserves for conflicts beyond Ukraine, Ukraine warns.

"According to our intelligence, Russia has started to prepare strategic reserves, which indicates plans for combat operations not only in Ukraine," Ukraine's Foreign Minister Andrii Sybiha said

3:45 PM

Ukraine repatriates bodies of 1,200 citizens, soldiers under Istanbul deal with Russia.

Ukraine has brought home the bodies of 1,200 Ukrainian soldiers and citizens as part of an agreement with Russia in Istanbul, the Coordination Headquarters for the Treatment of the Prisoners of War (POWs) announced on June 13.

3:41 PM

Europe must prepare for US scaling down support for Ukraine, Pistorius says.

"Yes, that's right. That would be so and we have to deal with that," German Defense Minister Boris Pistorius told journalists in response to a question about a potential U.S. pullback.

3:14 PM

'At a critical time' — Zelensky appoints new head of Ukraine's mission to NATO.

The appointment came "at a critical time for the future of Ukraine, for the future of NATO itself, and, of course, for Ukraine's future in NATO. I realize the responsibility," Aliona Hetmanchuk said on her Facebook page on June 13.

12:10 PM

(Updated: June 13, 2025 2:43 pm)

Russian military equipment reportedly hit in Ukrainian drone attack against Crimea.

The Crimean Wind Telegram channel reported a hit in Simferopol, Crimea's capital, sharing a photo of a plume of smoke rising in the vicinity of a local power station and of the village of Perevalne.

9:16 AM

(Updated: June 13, 2025 2:37 pm)

Iran launches 100 drones at Israel in response to air strikes; IDF says all intercepted.

Iran launched over 100 drones against Israel, all of which were intercepted outside of Israeli airspace, Ynet News reported on June 13, citing Israeli military spokesperson Effie Defrin.

1:16 PM

(Updated: June 13, 2025 2:32 pm)

Russia condemns Israel's strike on Iran as 'unprovoked aggression.'

Moscow, which currently wages the largest war on the European continent since World War II, condemned Israel's attack as an "unprovoked aggression," saying it had violated the U.N. Charter.

2:02 PM

After Israel's strikes, Ukraine says Iran 'source of problems' but warns against destabilization.

Ukraine on June 13 expressed concern over the security situation in the Middle East after Israeli air strikes against Iran, but stressed that Tehran remains a "source of problems" in the region "and beyond."

1:37 PM

Ukraine receives 5th tranche of EU aid from frozen Russian assets, PM confirms.

Ukraine has received another 1 billion euros ($1.1 billion) in macro-financial assistance from the European Union as part of a G7 loan, Prime Minister Denys Shmyhal announced on June 13.

9:44 AM

(Updated: June 13, 2025 1:30 pm)

US ready to defend itself, Israel if Iran responds to Israeli air strikes, Trump says.

U.S. President Donald Trump said on June 13 that he was aware of Israel's plans to conduct strikes on Iran in advance and that Washington is watching for any signs of retaliation by Tehran, Fox News reported.

12:46 PM

Amid Moscow's war in Ukraine, Trump wonders why 'everybody hates' Russia.

"He (Russian President Vladimir Putin) fought with us in World War II… and now everybody hates Russia and loves Germany and Japan. It's a strange world," U.S. President Donald Trump said.

5:00 PM

(Updated: June 13, 2025 12:03 pm)

War analysis

Why can't the West match Russia's ammunition production?

MORE NEWS

German-based tech company Avenga buys Ukrainian outsourcer Perfectial

Most popular

'Russian bombers are burning en masse' — Ukraine's SBU drones hit 'more than 40' aircraft in mass attack, source says

'Nothing secret left' — Ukraine hacks Russia's Tupolev bomber producer, source claims

US to cut military aid to Ukraine, Hegseth says

Russia’s Crimean Bridge rocked by explosions, Ukraine’s SBU claims responsibility

5 Ukrainian regions, ban on NATO, limits on Kyiv's army — Russian media publishes Moscow's official peace demands