Ciklum

Last updated
Ciklum
Company typePrivate
Industry Software engineering, IT consulting
Founded2002. [1] [2]
Headquarters London, United Kingdom
Area served
International
ServicesCustom Software Development
Number of employees
4,500. [3] [4]
Website ciklum.com

Ciklum is a software development [3] and IT outsourcing [5] company's founded in Denmark [6] in 2002. [7] It is headquartered in London, United Kingdom. [3] [8] [9] [10]

Contents

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, [11] and Pakistan. [1] [12]

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. [13] [14]

In 2012, Ciklum co-launched BIONIC University, the first Ukrainian intercorporate IT university working on the premises of National University of Kyiv-Mohyla Academy. [15] [16] [17] [18] The initiative focused on IT education and training in cooperation with academic institutions in Ukraine. [19]

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. [20] [21]

In 2018, Ciklum supported the establishment of Ukraine House in Davos during the World Economic Forum. [22]

Services

Ciklum provides software development and IT consulting services, including application development and quality assurance. [23]

History

Ciklum was founded in 2002 [1] [2] by Danish entrepreneur Torben Majgaard in Kyiv, Ukraine. By the late 2010s, the company employed several thousand people across multiple countries. [3] [4] [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. 1 2 3 "De bedste it-virksomheder i Ukraine er danske" (in Danish). Computerworld. 2010. Retrieved 15 June 2015.
  2. 1 2 "Датская IT-компания разработает электронное правительство в Украине" (in Russian). Unian. 2014. Retrieved 15 June 2015.
  3. 1 2 3 4 "Ex-Soviet Programmers Take On India in $48 Billion Market". Bloomberg. 2013. Retrieved 15 June 2015.
  4. 1 2 "Nordic businesses continue to look to Ukraine for IT". Computerweekly. 2015. Retrieved 15 June 2015.
  5. ↑ "Ciklum taps Ukraine's talent pool". Computerweekly. 2011. Retrieved 15 June 2015.
  6. ↑ "Ciklum overtager halvdelen af SCR Gruppen".
  7. ↑ "De bedste it-virksomheder i Ukraine er danske". Computerworld (in Danish). 2010-11-24. Retrieved 2020-05-25.
  8. ↑ "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.
  9. ↑ "Эхо Майдана: как живет украинский бизнес после революции". Forbes (in Russian). 2014. Retrieved 15 June 2015.
  10. ↑ "Ciklum taps Ukraine's talent pool". Computerweekly. 2011. Retrieved 15 June 2015.
  11. ↑ "Power structure Ciklum". Ukrainian software company. 2023-07-06. Retrieved 2023-08-30.
  12. ↑ "Just Eat builds in-house IT workforce in Ukraine". Computer Weekly. 2014. Retrieved 15 June 2015.
  13. ↑ "Business-to-business IT University BIONIC University to complete work". Ufuture. 2017-12-08. Retrieved 2019-08-29.
  14. ↑ "Bionic University Opens at Kyiv Mohyla Academy an Academic-Corporate Partnership - U.S.-Ukraine Business Council (USUBC)". www.usubc.org. Retrieved 2019-08-29.
  15. ↑ "BIONIC University Starts Working in the Test Mode". Bionic University. 2012. Archived from the original on 29 May 2015. Retrieved 15 June 2015.
  16. ↑ "TECH Summer School launched!". Bionic University. 2014. Archived from the original on 11 July 2015. Retrieved 15 June 2015.
  17. ↑ "BIONIC University Students develop programs for Dutch companies". Bionic University. 2014. Archived from the original on 9 July 2015. Retrieved 15 June 2015.
  18. ↑ "У Києві запрацював відкритий IT-університет" (in Ukrainian). BIONIC Hill. 2013. Archived from the original on 9 July 2015. Retrieved 15 June 2015.
  19. ↑ "BIONIC University Establishes an International Supervisory Board". BIONIC University. May 2014.[ verification needed ]
  20. ↑ "How tech innovations and partnerships can help Ukraine reach new goals". Ukraine Digital News. 2014. Retrieved 15 June 2015.
  21. ↑ "Silicon Valley gets taste of Ukraine's IT world during UTGem conference". Kyiv Post. 2014. Retrieved 15 June 2015.
  22. ↑ "Ukraine House to open in Davos during WEF - media". UNIAN.NET. 2018. Retrieved 2 April 2018.
  23. ↑ "Ciklum". Clutch. 2018. Retrieved 2 April 2018.
  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". speka.media (in Ukrainian). 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.
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