Publish

Share your expertise and experience! Upload and publish articles, case studies, white papers, press releases and more!. > START NOW or send us your content - we open an account for you and upload your material (free) This email address is being protected from spambots. You need JavaScript enabled to view it.

Categories

0.0/5 rating (0 votes)

Ciklum Makes It to Ukraine’s Top 3 Software Development Companies

Ciklum Makes It to Ukraine’s Top 3 Software Development Companies

According to a recent survey of Top 100 Ukrainian companies conducted by Investgazeta, Ukraine's most authoritative finance newspaper, and Ekonomika, one of Ukraine's leading business publish houses, Ciklum ranks 3 in a software development industry rating with the net revenue of USD 38 mln (as est. in 2011). This marks a 60% increase from 2010. The Top 100 Rating evaluates companies in all industry sectors based on such criteria as a net revenue, a net profit, export and import volumes, etc.

Commenting on the company's success, Roman Khmil, Ciklum's COO, says:

"Today's growth rate demonstrated by Ukrainian software industry leaders is remarkable. This proves a very high demand for IT and software development services from both within and outside the country. We're also observing a stable stream of backsourcing orders [when customers transfer their development work from India to Europe] which proves a high quality of services provided by Eastern European vendors. One of the key challenges at this point is the ability of Ukrainian IT industry to scale appropriately to meet this rapidly growing demand."

The researchers admit that IT market has become one of the most dynamic sectors of the Ukrainian economics with an average annual growth of 30%. None of the country's other industries develops at such a fast pace. According to the experts, the future outlook is quite positive. In the best case scenario (if the government prioritizes it and creates favorable conditions for transparent business and attracting foreign capital) the Ukrainian IT industry will most likely see a 60% growth rate and will be estimated at USD 7 bln or more in 3 – 5 years.

SSC
EN=English

Type

Article

Author

Viktor Bogdanov / Ciklum

Author's contact

This email address is being protected from spambots. You need JavaScript enabled to view it.

Copyright

All rights reserved

Last update

15 August 2012

Like it? Share it!

If you like this article or paper please just share it!

Upload your content - it's free!

incl. teaser, author's details, unlimited description and free formatting, unlimited number of documents, version & copyright information, linkable, tags and more.

(you have full control and can edit, add or delete documents anytime)

Search

Sign Up (free)

Sign up now for free and create a detailed company profile and upload articles, white paper and other documents - entirely for free! > START