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.