Ciklum is a software development[1] and IT outsourcing[2] company's founded in Denmark[3] in 2002.[4] It is headquartered in London, United Kingdom.[1][5][6][7]

The company operates software development centers and offices in several countries, including India, United Kingdom, United States, United Arab Emirates, Spain, Switzerland, Denmark, Israel, Poland, Ukraine,[8] and Pakistan.[9][10]

Social responsibility and educational initiatives

Ciklum has participated in several educational and social initiatives in Ukraine.

In 2011, Ciklum participated in the establishment of BIONIC Hill Innovation Park - a Ukrainian innovation park constructed similarly to the Silicon Valley.[11][12]

In 2012, Ciklum co-launched BIONIC University, the first Ukrainian intercorporate IT university working on the premises of National University of Kyiv-Mohyla Academy.[13][14][15][16] The initiative focused on IT education and training in cooperation with academic institutions in Ukraine.[17]

In 2014, the company participated in the launch of the Brain Basket Foundation, an initiative aimed at supporting IT education and workforce development in Ukraine.[18][19]

In 2018, Ciklum supported the establishment of Ukraine House in Davos during the World Economic Forum.[20]

Services

Ciklum provides software development and IT consulting services, including application development and quality assurance.[21]

History

Ciklum was founded in 2002[9][22] by Danish entrepreneur Torben Majgaard in Kyiv, Ukraine. By the late 2010s, the company employed several thousand people across multiple countries.[1][23][24]

In 2017, Michael Boustridge was appointed CEO.[25]

In 2019, Ciklum raised a new investment led by Dragon Capital with AVentures Capital co-investment.[26]

Following the Russian invasion of Ukraine in 2022, the company reported operational adjustments while continuing its business activities in the region.[27][28] In addition, Ciklum continued to develop the from Patriots to Patriots program for donations from employee income.

In April 2023, Rajaram Radhakrishnan became chief executive officer of the company.[29]

Acquisitions

In 2009, Ciklum acquired the main business activities of Mondo following its bankruptcy.[30][31]

In 2011, Ciklum acquired 50% of SCR Gruppen (Denmark).[32]

In 2013, Ciklum acquired Danish IT outsourcing provider Kuadriga.[33]

In 2015, the Ukrainian Redevelopment Fund associated with George Soros acquired a significant minority stake in the company.[34]

See also

References

  1. ^ "Ex-Soviet Programmers Take On India in $48 Billion Market". Bloomberg. 2013. Retrieved 15 June 2015.
  2. ^ "Ciklum taps Ukraine's talent pool". Computerweekly. 2011. Retrieved 15 June 2015.
  3. ^ "Ciklum overtager halvdelen af SCR Gruppen"
  4. ^ "De bedste it-virksomheder i Ukraine er danske" (in Danish). Computerworld. 2010-11-24. Retrieved 2020-05-25.
  5. ^ "Prospect of war in Ukraine raises concerns over outsourcing industry". Computerworld UK. 2014. Archived from the original on 12 July 2015. Retrieved 15 June 2015.
  6. ^ "Эхо Майдана: как живет украинский бизнес после революции" (in Russian). Forbes. 2014. Retrieved 15 June 2015.
  7. ^ "Ciklum taps Ukraine's talent pool". Computerweekly. 2011. Retrieved 15 June 2015.
  8. ^ "Power structure Ciklum". Ukrainian software company. 2023-07-06. Retrieved 2023-08-30.
  9. ^ "De bedste it-virksomheder i Ukraine er danske" (in Danish). Computerworld. 2010. Retrieved 15 June 2015.
  10. ^ "Just Eat builds in-house IT workforce in Ukraine". Computer Weekly. 2014. Retrieved 15 June 2015.
  11. ^ "Business-to-business IT University BIONIC University to complete work". Ufuture. 2017-12-08. Retrieved 2019-08-29.
  12. ^ "Bionic University Opens at Kyiv Mohyla Academy an Academic-Corporate Partnership - U.S.-Ukraine Business Council (USUBC)". www.usubc.org. Retrieved 2019-08-29.
  13. ^ "BIONIC University Starts Working in the Test Mode". Bionic University. 2012. Archived from the original on 29 May 2015. Retrieved 15 June 2015.
  14. ^ "TECH Summer School launched!". Bionic University. 2014. Archived from the original on 11 July 2015. Retrieved 15 June 2015.
  15. ^ "BIONIC University Students develop programs for Dutch companies". Bionic University. 2014. Archived from the original on 9 July 2015. Retrieved 15 June 2015.
  16. ^ "У Києві запрацював відкритий IT-університет" (in Ukrainian). BIONIC Hill. 2013. Archived from the original on 9 July 2015. Retrieved 15 June 2015.
  17. ^ "BIONIC University Establishes an International Supervisory Board". BIONIC University. May 2014. [verification needed]
  18. ^ "How tech innovations and partnerships can help Ukraine reach new goals". Ukraine Digital News. 2014. Retrieved 15 June 2015.
  19. ^ "Silicon Valley gets taste of Ukraine's IT world during UTGem conference". Kyiv Post. 2014. Retrieved 15 June 2015.
  20. ^ "Ukraine House to open in Davos during WEF - media". UNIAN.NET. 2018. Retrieved 2 April 2018.
  21. ^ "Ciklum". Clutch. 2018. Retrieved 2 April 2018.
  22. ^ "Датская IT-компания разработает электронное правительство в Украине" (in Russian). Unian. 2014. Retrieved 15 June 2015.
  23. ^ "Nordic businesses continue to look to Ukraine for IT". Computerweekly. 2015. Retrieved 15 June 2015.
  24. ^ "Ukraine IT industry isolated from political tension and ready to fuel economic growth". Computer Weekly. 2014. Retrieved 15 June 2015.
  25. ^ "Ciklum Expands Its Executive Management Team", Calibre One, 9 August 2017. Retrieved from https://www.calibreone.com/ciklum-expands-executive-management-team/
  26. ^ "Ciklum Raises New Investment Led by Dragon Capital With AVentures Capital Co-Investment | InVenture". inventure.com.ua. Retrieved 2023-06-16.
  27. ^ "За місяць війни Ciklum підтримав Україну на понад 160 млн грн". 28 March 2022.
  28. ^ "ІТ-компанія Ciklum виділила 1.5 млн грн на фінансування української армії" (in Ukrainian). speka.media. 2 March 2022. Retrieved 2022-07-06.
  29. ^ "Raj Radhakrishnan: A Visionary Leader at the Forefront of Experience Engineering", *TheIncMedia*. Retrieved from https://theincmedia.com/raj-radhakrishnan-a-visionary-leader-at-the-forefront-of-experience-engineering/
  30. ^ "Konkursramte Mondo sælges i bidder til Ciklum og Nordea" (in Danish). Version2. 2009. Retrieved 15 June 2015.
  31. ^ "Kollapset Mondo splittes op i fire dele" (in Danish). Computerworld. 2009. Retrieved 15 June 2015.
  32. ^ "Ciklum overtager halvdelen af SCR Gruppen" (in Danish). Computerworld. 2011. Retrieved 15 June 2015.
  33. ^ "Ciklum купила датскую компанию Kuadriga с центром разработки в Киеве (обновлено)" (in Russian). AIN.UA. 2013. Retrieved 15 June 2015.
  34. ^ "Фонд Сороса купил долю в Ciklum" (in Russian). AIN.UA. 2015.