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Tech companies in Ukraine to keep an eye on

Ukraine’s tech industry is attracting more investors. Here are five companies to watch out for.

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Ukraine is a hot technology hub that continues to draw investments from the West and even Russia despite the recent political uproars. According to a report by The BBC, capital inflow is plenty in the sector, and there’s no stopping European investors and trade officials in exploring its market.

Independence Square

The Independence Square in Kiev, Ukraine. (Photo by Skoropadsky via Wikimedia Commons. CC BY-SA 4.0)

A report on Re/code revealed that IT is one of the country’s largest sectors. It accounted for $2 billion of software service and development exports from the country and continues to expand at a rate of 25 percent year-over-year.

Andrey Kolodyuk, one of the founders of the Ukrainian Venture Capital and Private Equity Association (UVCA), said he entertains inquiries from about two to three European delegations weekly. “No-one is afraid, people are coming here – they understand nothing [bad] is happening in Kiev,” he told The BBC.

Russian investors still account for a lion’s share of the investments in the country, including a $3.2 million deal. The BBC report said that Russian investors were largely involved in four out of five deals this year in the country.

The Ukrainian tech industry is also a favorite among American companies. Re/code revealed that the sector is “responsible for Ford’s in-car infotainment systems, Reuter’s award-winning photography app, Nokia’s customer retail experience, and Deutsche Bank’s Risk Management System, among many others.”

Below are some tech companies that are helping change the face of Ukraine’s tech industry:

Kodisoft Company

Kodisoft Company is a 7-year-old company specializing in high quality software applications. It made headlines a lot recently because of its Interactive Restaurant Technology, which currently comes in the form of an interactive tabletop. The tabletop eliminates the hassle among customers when waiting for a food server to take their orders, or to get their overall restaurant experience interrupted. The company was also responsible for creating Coca-Cola’s famed interactive museum in Ukraine.

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IT Craft

IT Craft is a leading software and web technologies firm with over 15 years of experience under its belt. It prides itself for its web and mobile programming technologies targeted at digital agencies, individual business clients, and startups. The company delivers software programming services to over 30 clients in 16 countries.

According to the company’s website, its services range from creating custom content management systems and software-as-a-service applications, native and cross-platform applications, and helping companies save on costs by implementing agile methodologies. The company’s top services include iBeacon development and website development.

IT craft

IT Craft is a leading software and web technologies firm with over 15 years of experience under its belt. It prides itself for its web and mobile programming technologies targeted at digital agencies, individual business clients, and startups.

MacPaw

Another software development company that’s worthy to look at is MacPaw, a Kiev-based software development company. The company specializes in creating apps for iOS, and has gained popularity in the niche for its CleanMyMac 3 program. The intuitive program shows users what folders and applications on the Mac system it has to clean. “It knows exactly what can be safely cleaned from your Mac and what can’t. Almost like it’s got a brain or something,” the company said of the app. Cult of Mac, How-To Geek, The Mac Observer, Gizmodo, PC MAG.com, and Make Use Of have covered the company’s products, according to the brand’s website.

(Sources: 1, 2)

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French-American social entrepreneur Dom Einhorn is the founder and CEO of Exponential, Inc. (XPO2). XPO2 is a cause-related technology marketing firm that specializes in developing and promoting white label e-commerce platforms. These platforms help boost the fundraising capabilities of charities, non-profit organizations, and CSR-interested corporations in different countries.

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