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German-based tech company Avenga buys Ukrainian outsourcer Perfectial

November 25, 2021 3:47 amby Daryna Antoniuk
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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
Author: Daryna Antoniuk

Daryna Antoniuk studies journalism and communications at Taras Shevchenko National University in Kyiv. Antoniuk worked as a news editor, social media manager, and freelance journalist before she joined the Kyiv Post staff in February 2020. She is passionate about information technologies and artificial intelligence.