IT company IdeaSoft, part of Swedish-Ukrainian Sigma Software Group, has announced the acquisition of Kharkiv-based software and gaming technology company PULS Software.
According to the Sigma Software Group’s website post, PULS Software has already changed its name to Eventyr, while retaining its structure and leadership team after the merger.
The transaction took place on January 20, 2022. It is expected to accelerate both companies’ growth, business and management capabilities, and strengthen entire Sigma Software Group by adding new domains to business offerings for existing and new customers.
The amount of the transaction is not disclosed.
One of the main business vectors will focus on the Web 3.0, NFT games and Metaverse vectors, as well as expansion into the large corporate IT sector.
IdeaSoft CEO Andriy Lazorenko emphasizes that the main reason for this collaboration is the strong management team at Eventyr.
“We will assist them to grow and launch new business verticals. The merger allows us to explore deeper to the NFT gametech domains utilizing Ideasoft and Eventyr [ex. PULS Software] key expertise. That perfectly lines up with the current market growth,” Lazorenko said.
Eventyr is a fast growing company with extensive experience in mobile app development, AR/VR and games. It was founded in 2017 by Danylo Slupsky and Oleh Voitenko joined in 2020 as COO. Currently, Eventyr brings together 70 professionals and has more than 200 projects.
Earlier, in December 2021, Sigma Software, Ideasoft and Datrics created a new venture fund in Ukraine called SID Venture Partners with a $15 million trust fund.
The fund will focus on financing at early stages (pre-seed, seed, Series A) of projects with Ukrainian founders in deeptech, b2b, blockchain, fintech and automotive industries. Entrepreneurs from Clean.io (cybersecurity solutions) and NEAR (a $6 billion blockchain project), as well as other representatives of the IT market, will also be involved in scaling portfolio companies.
