Ciklum
Software company in United Kingdom
From Wikipedia, the free encyclopedia
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]
| Company type | Private |
|---|---|
| Industry | Software engineering, IT consulting |
| Founded | 2002.[1][2] |
| Headquarters | London, United Kingdom |
Area served | International |
| Services | Custom Software Development |
Number of employees | 4,500.[3][4] |
| Website | ciklum |
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]