Business news from Ukraine

UKRAINIAN DESIGNER OF SOFTWARE INTELLIAS PLANS TO ACQUIRE SOME COMPANIES FOR FURTHER GROWTH

6 March , 2019  

The Ukrainian designer of software Intellias is mulling a possibility of acquiring some companies for further growth, including companies with development centers in Eastern Europe, the co-founder and Board Chairman of Intellias Mykhailo Puzrakov has said in an interview with Die Welt. “So far we have grown organically. I believe, however, that maybe even next year we could start to consider some acquisitions. We are interested in companies that could interact with Intellias: companies with development centers in Eastern Europe, or companies with a client base that could complement ours. In addition, we will consider companies that have some experience or products that will help us gain new customers,” he said.
Puzrakov also announced plans to expand the company’s presence in Berlin next year – now only one employee works in the Berlin office of Intellias.
According to him, today one of the main advantages of Intellias is the ability to quickly scale the team, which is often required by their European customers.
Puzrakov also said that the company has ceased to be a startup, moving into the category of a successful and profitable business, but is still at the beginning of the growth stage.
Intellias was founded in Lviv in 2002. Its offices are located in Kyiv, Lviv, Odesa, Kharkiv and Berlin.

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