During the three years of the war, the combined workforce of the 50 largest Ukrainian IT companies has declined by 20,000 specialists due to relocation abroad. IT companies N-IX and Grid Dynamics Group saw a decrease of 50% in their workforces, while EPAM’s workforce was reduced by 31%. The largest exodus of IT specialists from Ukraine occurred in the ... #BusinessRelocation #EPAM #GridDynamicsGroup #N-IX #Poland #UkrainianITcompany
Ukrainian IT exports may decline by 6% this year. The decline in exports of Ukrainian IT services continues. Even under an optimistic scenario, by the end of 2024 the decrease in volume will be at least 4% compared to last year, and this figure could... #ITexport #LvivITcluster #UkraineEconomy #UkraineExport #UkraineITexport #UkrainianITcompany
Half of Ukraine’s largest IT companies have reduced revenues due to the war and the need to relocate. In 2023, 15 of the 30 largest IT companies in Ukraine recorded a decrease in revenue compared to 2022. This is due to the redistribution of business between legal entities of the same group, relocatio... #EPAM #GlobalLogic #Luxoft #Monobank #Playtika #UkrainianITcompany
Ukrainian startups have a better price-quality ratio than their American counterparts. Civitta’s report notes that the Ukrainian startup ecosystem is showing stable and rapid growth despite difficult conditions. From 2013 to 2023, IT’s contribution to GDP increased by 470%. ... #Creatio #GitLab #Grammarly #ITsectorinUkraine #ITstartups #UkrainianITcompany
IT exports in May exceeded the April figure by $15M. In May, IT exports from Ukraine amounted to $560M, which is $15M more than in April 2024. At the same time, in May 2023 this indicator was one of the highest for the entire year, with $590M. In additi... #Intellias #ITexport #LvivITcluster #UkraineITexport #UkrainianITcompany
Experts name the conditions that will ensure a 5-10% increase in the export of Ukrainian IT services. The director of the Lviv IT Cluster, Stepan Veselovsky, believes that the IT industry can increase export revenue by 5-10% in a year if effective and transparent mechanisms for booking key employees a... #ITsectorinUkraine #LvivITcluster #UkrainianITcompany
Analysts and market participants provide a forecast for the development of Ukraine’s IT sector in 2024. Last year, for the first time in history, the Ukrainian IT industry has experienced a reduction in the volume of its service exports, to $6.7B, which is 8.5% or $622M less than the figure for 2022. Am... #EPAM #ITservices #KharkivITcluster #UkraineITexport #UkrainianITcompany
A Ukrainian marketing and technology company has attracted investment from Horizon Capital. Private equity firm, Horizon Capital, will invest in Viseven, an international marketing technology company. The deal is the third investment from the company’s new fund, Horizon Capital Growth ... #HorizonCapital #InvestmentsinUkraine #ITinvestment #UkrainianITcompany #Viseven
Ukrainian IT exports began to grow at the end of the year. According to the NBU, in November 2023 Ukrainian IT companies exported services worth $564M, $35M more than in October, and $43M more than in September 2023. However, compared to November 2022 ($580M)... #ITexport #UkraineEconomy #UkraineITexport #UkrainianITcompany
The share of IT exports exceeds pre-war indicators by about 3%. IT services account for 40% of Ukrainian service exports. For comparison, the share of IT export services was almost 45% in 2022 and 37% in 2021, according to the Prime Minister of Ukraine, Denys Shmy... #DenysShmyhal #DiiaSummitkyiv #ITexport #TechUkraine #UkraineITexport #UkrainianITcompany
How are some of the largest IT companies in Ukraine developing in wartime conditions? Ukrainian IT company SoftServe increased its custom software development revenue by 30% in 2023 compared to December last year. 32% of this income comes from large clients, 27% from medium, and 41% fr... #GlobalLogic #SoftServe #UkrainianITcompany
Over the past 15 years, Ukrainian IT companies have attracted almost $3.7B in investments. Since 2009, Ukrainian IT companies have participated in 1,798 transactions, 1,519 of which involved a total of about $3.7B and 248 involving mergers and acquisitions totaling $4.3B. After February 24,... #ITcompany #ITinvestment #UkrainianITcompany
Ukrainian IT company MacPaw has opened an office in Boston. As the company reports, the MacPaw team is working to expand into new markets and gain access to a broader international audience and wants to become closer to its customers and potential partners. Th... #CleanMyMac #ITcompany #MacPaw #UkrainianITcompany
Ukrainian IT company SoftServe announces the creation of a generative artificial intelligence laboratory. The purpose of the laboratory is to accelerate the implementation of AI technologies in various fields and industries, as well as to solve specific business problems through the use of these technolog... #AItech #ArtificialIntelligence #SoftServe #UkrainianITcompany
The war has stopped the rapid growth of Ukrainian IT service exports. According to YouControl analysts, IT activity peaked on the eve of the Russian invasion in the fourth quarter of 2021, when $2.1B was brought into the country. Since then, the average IT export volume... #EPAMukraine #GlobalLogic #LuxoftSolutions #UkraineITexport #UkrainianITcompany
An American investment company became a new shareholder of the largest IT company in Ukraine. AllianceBernstein acquired 6.1% of EPAM Systems’ shares, according to data from the website of the US Securities and Exchange Commission. Based on quotes for EPAM Systems, the market value of th... #AllianceBernstein #EPAM #UkrainianITcompany
Leading Ukrainian IT companies are losing specialists. The number of specialists in Ukraine’s 50 largest IT companies decreased by 6,100, or (6.6%), in half a year, reported DOU. So, as of July, there are 86,300 total specialists in the top 50, comp... #DataArt #EPAM #ITspecialists #UkrainianITcompany
The list of countries buying Ukrainian IT services remains unchanged. The IT Ukraine Association reports that in the first half of 2023 the list of leading countries in the export of Ukrainian IT services remains unchanged: the US (40.26%), Malta (8.8%), and Great Brita... #ExportITservices #ITservices #UkrainianITcompany
Ukraine’s IT service exports decreased by 9.3% in the year’s first half. In January-June this year, the IT Ukraine Association reported that the export of IT services from Ukraine amounted to $3.38B, which is 9.3% less compared to the same period last year. “We hoped... #ExportITservices #ITservices #KostyantynVasyuk #UkrainianITcompany
Every year the number of IT companies in Ukraine grows by 10%. At the time of the full-scale invasion, there were about 4,500 IT companies in Ukraine. According to Kharkiv IT Research 2021, about 10% of IT companies close every year. But new companies are opening... #ITcompany #ITsectorinUkraine #UkrainianITcompany
In May, the export of Ukrainian IT services increased by 9.5%. In May, the volume of exported IT services from Ukraine amounted to $590M, 9.5% more than the previous month, according to NBU data. At the same time, these indicators are 1.8%, or $11M, less than in ... #ExportITservices #ITservices #UkrainianITcompany
Customers from the US consumed 40% of Ukraine’s IT export volume, which is decreasing. The Lviv IT Cluster has seen the export of IT services decrease in April for the first time in the first four months of the year. In April 2023, the Ukrainian budget received $539M through IT export. ... #ExportITservices #ITservices #UkrainianITcompany
In the first quarter, the export of IT services from Ukraine fell by 16%. IT service exports have decreased to $1.68 B, reported the IT Ukraine Association. As analysts explained, the reason for the decline has two factors. The first is the industry’s growth at excess... #ExportITservices #ITservices #UkrainianITcompany
The Ukrainian IT job market is facing a turning point. The labor market in the Ukrainian IT sector has changed dramatically following a sharp decrease in the number of vacancies. The main reason is the deterioration of the global situation in the sector a... #ITjobs #ITvacancies #UkrainianITcompany
Ukrainian IT specialists are moving abroad en masse. The staff levels of the 50 largest companies has decreased by 5.3% in half a year, DOU reports. It is noted that 92,400 people work in the 50 largest Ukrainian IT companies, compared to 100,000 in Jan... #ITspecialistsUkraine #ITukraine #UkrainianITcompany
Ukrainian startup Finmap has attracted €1M in investment. Finmap’s main product is a cloud service and iOS application that helps business owners conveniently keep track of their company’s finances as well as entrepreneur’s personal finances. The... #Finmap #StartUpinvestments #UkrainianITcompany
One of the largest IT companies in Ukraine will open an office in Spain. One of Ukraine’s largest IT companies, GlobalLogic, will open a new engineering center in Spain. According to GlobalLogic CEO Nitesh Bang, the Spanish center will be GlobalLogic’s first offices ... #GlobalLogic #NiteshBang #UkrainianITcompany
Ukraine increased IT exports by 8.4% in November. In November 2022, the IT services export turnover increased by 8.4% and brought in $45M more than in October. At the same time, when compared with 2021, the volume of exports in November was still 14%... #UkraineITexport #UkrainianITcompany
Rental rates for office space in Kyiv have decreased by 30%. Rental rates in the capital’s business centers have reduced by 30% since the beginning of the year, UTG reported. Analysts attribute this to a sharp drop in demand for office space, primarily fr... #KyivOfficeRental #UkrainianITcompany #UTG
During the war in Ukraine, the number of new IT specialists increased 3.5 times. In Ukraine, a record 70,000 IT candidates are looking for a job, of which 16,000 candidates are without experience, which is an increase of more than 3.5 times over the course of the past year. Last N... #Djinni #ITspecialistsUkraine #UkrainianITcompany
Ukraine’s IT industry has grown by 13% in 2022. Compared to the previous year, the volume of computer services in Ukraine for the first nine months of the year increased by 13%, and exports by 23%, reported the Ministry of Economy. The department h... #DanyloHetmantsev #UkrainianITcompany #YuliyaSvyridenko
A Ukrainian IT startup is ready to conquer the presentation industry. A new Ukrainian IT startup, Wizard Sharing, allows you to create a broadcast presentation without the need for a projector or other accessories. Vlad Isaev, the founder of Wizard Sharing App, came up ... #ITstartups #UkrainianITcompany #VladIsaev #WizardSharingApp
Ukraine will present its resilient tech ecosystem at the Web Summit 2022 in Lisbon. The Ukrainian Startup Fund, together with GIST, is organizing the largest delegation of startups in history, including 24 Ukrainian startups. Despite the unprovoked and brutal Russian aggression, whic... #UkrainianITcompany #UkrainianStartupFund #WebSummit2022
Ukrainian IT companies relocation trend. Since the beginning of the war, more than 50% of Ukrainian IT companies have not relocated and instead switched to remote work, according to an IT Ukraine study. Among the IT companies that did move, ... #IT #UkrainianITcompany
More than half of start-ups continue their operations exclusively from Ukraine. Despite the ongoing war, Ukrainian start-ups, in similar fashion to the country’s IT sector, have demonstrated resilience and entrepreneurs continue to operate their businesses and remain committed to... #start_ups #TechUkraine #UkrainianITcompany
Ukrainian diplomats helped a Ukrainian IT company open an office in Japan. During the last year, with the support of Ukrainian diplomats, the IT Ukraine Association and the Kobe city government organized a series of meetings and webinars, where the Japanese side became acqua... #CHISoftwareofficeinjapan #ITExportBoostproject #UkrainianITcompany
IT giant EPAM’s profits fell due to the war in Ukraine. The net profit of the international IT service company EPAM, which is one of the largest IT employers in Ukraine, amounted to $18.6M in the second quarter. This is 16% of the $114.7M profit from same ... #EPAMprofit #UkrainianITcompany
Through May, the export of IT services have increased by 27%. IT services became the only business area that grew in 2022 compared to 2021. “In the first five months of this year, the share of IT in all service exports was 46% against 37% a year earlier. From Ja... #ITexport #ITinUkraine #UkrainianITcompany
Legal and tax guidelines will be simplified for IT companies in Diia.City during martial law. The Ministry of Finance stated the conditions of the legal and tax requirements of Diia.City will become even easier for IT companies. What has changed: The criteria for residency have been simplifie... #ITukraine #TaxesforIT #UkrainianITcompany
Work of IT in the Context of Aggravating Ukraine-Russia Relations . According to the results of an express survey of IT Ukraine Association, which has 75,000 members, 92% of companies assess the possible escalation of the armed conflict risks in the near future as l... #ITukraine #UkrainianITcompany
The export share of IT services in 2021 increased by 4.8%. According to the Executive Director of the IT Ukraine Association, Kostiantyn Vasyuk, the volume of Ukrainian IT exports in 2021 was $6.8B (in 2020 it was $5B). At the same time, the share of IT in th... #ITexport #IToutsourcing #UkraineITexport #UkrainianITcompany
Exports of Ukrainian IT services increased by 35% in 2021. This figure complements the number of entrepreneurs working in the IT sector, which has increased by 40% in 2020-2021, as reported by Opendatabot. Overall the number of IT companies operating in Ukrai... #ExportITservices #IToutsourse #ITsectorinUkraine #UkrainianITcompany
