Sigma Software acquires a Kharkiv-based outsourcing company IdeaSoft

Sigma Software acquires a Kharkiv-based outsourcing company IdeaSoft

Sigma Software, a Swedish-Ukrainian company, has acquired the Ukrainian IT-company IdeaSoft, headquartered in Kharkiv.

IdeaSoft employs 120 developers. The company will continue to work within Sigma Software Group under its own brand, retaining the team and approaches.

The amount of the deal is not disclosed. According to the estimates of Yevgen Sysoyev, Managing Partner of AVentures Capital, it is up to $3-4 million. According to other experts, the transaction amount was $1.5 million.

IdeaSoft was founded in 2016 and is engaged in the delivery of integrated software solutions. Among its customers are Securitize, Porsche, Neura, Nexar, Corum Group, and others. IdeaSoft has expertise in DLT, FinTech, 5G, MEC, and Private Cellular.

The deal will give IdeaSoft access to the projects of Sigma Software customers while retaining its own brand.

“The expertise that IdeaSoft has in FinTech, Blockchain, Telecom, and other verticals will enrich and significantly strengthen our offer to the clients worldwide,” says Valery Krasovsky, CEO and co-founder of Sigma Software.

“The main idea behind this acquisition was to make sure that IdeaSoft secures the same level of freedom and flexibility as it had before. Eventually, we`d like to repeat in some way Sigma Software joining Sigma Group 15 years ago.”

According to Krasovsky, Sigma Software Group plans to develop as a group of companies and is ready to consider acquiring several more companies.

About Sigma Software Group
Sigma Software is a Swedish-Ukrainian company with offices in Ukraine, Poland, Sweden, the USA, Canada, and Australia. Sigma Software develops solutions for its customers in telecommunications, aviation, advertising, gaming industry, banking, real estate, and healthcare. The company works with startups, product companies, and the enterprise segment.

Since 2006, it works as part of the Sigma Group, the largest group of companies in Scandinavia offering various IT-engineering services.

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