Ciklum

Last updated
Ciklum
TypePrivate
Industry Software engineering, IT consulting
Founded2002. [1] [2]
Headquarters London, United Kingdom
Area served
Globally
ServicesCustom Software Development
Number of employees
4,500. [3] [4]

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

Contents

The company has software development centers and branch offices in the United Kingdom, United States, United Arab Emirates, Spain, Switzerland, Denmark, Israel, Poland, Ukraine [11] , and Pakistan. [1] [12]

Social responsibility and educational initiatives

In 2011, Ciklum partnered together with other companies in order to create BIONIC Hill Innovation Park - a Ukrainian innovation park constructed similarly to the Silicon Valley. [13] [14]

In September 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 University prepares IT specialists of a new formation, who were globally competitive yet aiming at professional fulfillment in Ukraine. [19]

In April 2014, Ciklum, together with other IT companies operating in Ukraine, initiated the launch of Brain Basket Foundation to fund free trainings for those who wish to study programming. This initiative is aimed at developing Ukraine's $2 billion IT Industry towards a goal of generating $10 billion in annual revenue and creating 100,000 jobs by 2020. [20] [21] Ciklum has pledged $100,000 to the program. [22]

In January 2018, Ciklum supported the first-ever Ukraine House in Davos during the 2018 World Economic Forum. [23]

Clients and services

Ciklum provides services including custom development, quality engineering, data & analytics, Robotic Process Automation, Product development and Consulting. [24]

Ciklum provides teams, project-based services, and peak resources on a short-term basis. Ciklum key clients are eToro, Just Eat, Betsson, and TUI. [25] [26] [27]

History

Ciklum was founded in 2002 [1] [2] by Danish native Torben Majgaard who chaired [28] the Board by 2019, in Kyiv, Ukraine. Since then, the company has grown to over 3,500 employees. [3] [4] [29]

In 2009, Ciklum buys main business activities from Mondo's bankruptcy. [30] [31]

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

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

In 2015, George Soros's Ukrainian Redevelopment Fund acquired a significant stake in Ciklum. [34]

In 2017, Michael Boustridge was appointed CEO.

In 2019, Ciklum raised a new investment led by Dragon Capital with AVentures Capital co-investment. [35]

Since April 2023, Ciklum's CEO has been Raj Radhakrishnan.

In 2022, since the beginning of the Russian invasion, the company's top management and Ciklum investors have personally directed more than ₴40 million to organizations that help the Armed Forces and citizens of the country who suffered as a result of the war. [36] Separately, Ciklum allocated ₴1.5 million to finance the Ukrainian army. [37] In addition, Ciklum continued to develop the from Patriots to Patriots program for donations from employee income. It means the company will double the collected funds and direct them to support the army. [37]

See also

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References

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  5. ↑ "Ciklum taps Ukraine's talent pool". Computerweekly. 2011. Retrieved 15 June 2015.
  6. ↑ "Ciklum overtager halvdelen af SCR Gruppen".
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  13. ↑ "Business-to-business IT University BIONIC University to complete work". Ufuture. 2017-12-08. Retrieved 2019-08-29.
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  17. ↑ "BIONIC University Students develop programs for Dutch companies". Bionic University. 2014. Archived from the original on 9 July 2015. Retrieved 15 June 2015.
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  19. ↑ "BIONIC University Establishes an International Supervisory Board". BIONIC University. May 2014.[ verification needed ]
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  21. ↑ "Silicon Valley gets taste of Ukraine's IT world during UTGem conference". Kyiv Post. 2014. Retrieved 15 June 2015.
  22. ↑ "BrainBasket Foundation prepares tech specialists to boost the market". Kyiv Post. 2015. Retrieved 15 June 2015.
  23. ↑ "Ukraine House to open in Davos during WEF - media". UNIAN.NET. 2018. Retrieved 2 April 2018.
  24. ↑ "Ciklum". Clutch. 2018. Retrieved 2 April 2018.
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  26. ↑ "Ciklum". Clutch. 2017. Retrieved 2 April 2018.
  27. ↑ "Ciklum". UpFirms. Retrieved 2020-01-15.
  28. ↑ "Ciklum's Torben Majgaard on secrets of IT success". Kyiv Post. 2017. Retrieved 2 April 2018.
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  30. ↑ "Konkursramte Mondo sælges i bidder til Ciklum og Nordea" (in Danish). Version2. 2009. Retrieved 15 June 2015.
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  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.
  35. ↑ "Ciklum Raises New Investment Led by Dragon Capital With AVentures Capital Co-Investment | InVenture". inventure.com.ua. Retrieved 2023-06-16.
  36. ↑ "За місяць війни Ciklum підтримав Україну на понад 160 млн грн".
  37. 1 2 "ІТ-компанія Ciklum виділила 1.5 млн грн на фінансування української армії". speka.media (in Ukrainian). Retrieved 2022-07-06.
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