Ukrainian IT services company SoftServe announced the completion of its acquisition of the Indian technology services company NewVision Software, which specializes in software development and the modernization of IT infrastructure based on cloud technologies, according to a company press release published on Tuesday.
As part of the deal, more than 700 engineers will join SoftServe. Among others, NewVision Software CEO Kapil Godani and Co-Chairman of the Board Balan Ramaswami will also join the company.
It is noted that NewVision Software will continue to operate under its own brand as a wholly owned subsidiary of SoftServe.
According to Andriy Stitsyuk, SoftServe’s Chief Financial and Operating Officer, an increasing number of the company’s clients are developing large-scale GCCs (Global Capability Centers) in India, where business decisions are made and engineering development takes place.
“Being alongside these teams in the same time zones and work environment allows SoftServe to co-create solutions in real time and respond quickly to new opportunities,” Stitsyuk is quoted as saying in the press release.
“In SoftServe, we have found a partner that shares this vision and combines world-class engineering expertise with a deep commitment to client success. Together, we can offer clients broader capabilities, greater scale, and confidence in implementing AI initiatives, while maintaining the level of partnership and engagement for which our teams are renowned,” said Kapil Godani, CEO of NewVision Software, in the press release.
SoftServe is a global digital engineering and technology consulting firm specializing in AI, data, and cloud solutions. The company was founded in 1993 in Lviv. Approximately 10,000 employees work in 49 offices around the world. Taras Kitsmey, Yaroslav Lyubinets, Oleg Denis, Yuriy Vasylyk, and Taras Verveha are co-owners of the IT services company SoftServe; Harry Propper serves as CEO.
NewVision Software is an IT consulting and technology services company specializing in software development, intelligent managed services, product engineering, and agentic assurance. NewVision Software’s headquarters are located in Pune, India.
