IT outsourcing & Software development

Top global software products to be discussed at Cloud DeveloperDays (Krakow, May 28-29)

March 14, 2018

Programmers and software architects from Eastern Europe are invited to participate in the Cloud DeveloperDays conference to be held on May 28-29 in Krakow, Poland. The event is dedicated to the software  implemented or integrated with cloud platforms such as Microsoft Azure, Google Cloud, and Amazon Web Services. The event will cover a variety of …

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Russian IT service company IBS considers IPO in 2018

December 21, 2017

Russian IT service provider IBS is considering holding an initial public offering in 2018, two financial market sources and a source familiar with the company’s plans told Reuters this Wednesday. The company has yet to decide on the size of the offering and hire banks to handle the deal, the sources said. IBS declined to comment on specific plans; …

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Russian fund makes 1,600% ROI from Chinese acquisition deal

May 31, 2017

Russia’s VTB Capital Asset Management claims to have made a 1,600% return on investment (“up to 15 times”) as a result of the recent acquisition of Grid Dynamics, a provider of advanced software development services, by China’s Automated Systems Holdings Limited (ASL). Launched in 2006, Grid Dynamics has asserted itself as a major international provider of technology …

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Luxoft acquires Ukrainian software development company IntroPro

February 6, 2017

Last week Luxoft, a NYSE-listed provider of software development services and innovative solutions and a part of Russia’s IBS Group, announced the acquisition of Ukrainian IT service provider IntroPro. The details of the transaction have not been disclosed. Established in 2008, IntroPro is an engineering consultancy that employs development teams in Ukraine to serve essentially clients in North America. Its expertise covers consulting, architectural design, development as well as …

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Major Russian IT firms prepare to go public

December 29, 2016

Industry association Russoft and the Moscow Exchange have created a joint working group to help Russian software companies get ready for IPOs, Rambler News Service (RNS) reported last week based on exchanges with industry representatives. Nearly 10 Russian software developers are preparing to go public. Among them are I.T. Group, which intends to sell its software assets on the stock exchange …

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For tech hub in Russia’s rustbelt, recession’s a godsend

December 13, 2016

Voronezh — Russia’s economy is in a quagmire thanks to sanctions and low oil prices, but it’s a boom time for Mikhail Khorpyakov. The 32-year-old, who develops software for Russian and foreign clients, has seen his earnings rise over the last two years even as the country fell into recession and the national currency lost half …

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China and Russia have the best developers in the world, leaving USA and India far behind, says new ranking

September 9, 2016

Which countries have the best programmers in the world? HackerRank, a platform that ranks engineers based on their coding skills and helps companies discover talent faster, has tried to answer this question based on coding challenges. Attracting hundreds of thousands of developers from all over the world, these challenges involved a variety of languages and knowledge domains, …

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ITO&BPO Germany Forum: Aligning buyers’ and service providers’ interests (April 26-27)

April 1, 2016

On April 26th and 27th, the German Outsourcing Association invites buyers, providers, consultants and representatives of public administration from across Europe to its annual conference in the center of Berlin. The ITO&BPO Germany Forum is the only non-commercial, international event focusing on the German ITO and BPO market in Germany and is supported by the most important industry associations and …

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Russian software and IT services thrive in export markets

February 7, 2016

Over the past five years, Russian software and IT service exports have more than doubled, reaching about $7 billion. At the same time, demand for IT companies’ products on the domestic market has been falling. Analysts attribute it to a transformation of the Russian market, with demand shifting from hardware to services. The boom is …

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EWDN and IAOP invite Russian IT players to international summit

February 14, 2016

Leading international industry association IAOP is pleased to announce its return to Europe for the fourth European Outsourcing Summit taking place on 18-20 October at the Frankfurt Marriott Hotel in Frankfurt, Germany. This event is being organised with the support of the IAOP’s founding members, global partners, Regional Advisory Boards, and European and Eastern European chapters. …

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Software and IT service export reached $6 billion in 2014

September 23, 2015

Russia’s domestic software development market reached approximately $6 billion in 2014 — the same amount in US dollars as in the previous year, but slightly more if counted in rubles, even taking into account inflation, according to industry association RUSSOFT. Export of software and IT services accounted for another $6 billion, up 11% from 2013. The growth …

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