Israeli Fiverr bought Ukrainian IT companies from Digis Group
Online freelance platform Fiverr announced the acquisition of Ukrainian Digis Group, which includes IT companies Digis and Scalamandra. What is known about the deal.
Online freelance platform Fiverr announced the acquisition of Ukrainian Digis Group, which includes IT companies Digis and Scalamandra. What is known about the deal.
About a year ago, Fiverr acquired Digis, and from day one, Nikita Nagatkin and his team impressed us with something rare: their ability to take the DNA of agility and turn it into enterprise-level execution», Fiverr reported.
The announcement on social media notes that Digis «combines the precision and agility of elite freelancers with the structure and scale of a full-fledged technology company.»
«When Fiverr first approached us with a potential acquisition proposal, I honestly couldn’t believe it. But the very next day I was at their headquarters in Tel Aviv, negotiating what became one of the most important deals of my life,» Nagatkin commented on the Fiverr announcement.
Digis Group was formed last year whenIT company Digis merged with Lviv startup Scalamandra. Digis founder Mykyta Nagatkin estimated the deal value at $500,000 to $1 million.
Scroll.media reports that the deal between Fiverr and Digis Group was in stealth mode to implement a transition period and complete all administrative procedures. The amount of the deal was not disclosed, but the publication estimates it at $9-$14 million.
Scalamandra founder and CEO Ilya Podavalkin said his company’s stake was at least $1 million, and he was leaving the business to work on new projects. Nikita Nagatkin remained to work in the merged structure with the Digis team, which had about 200 employees and increased by 20% after the acquisition.
In September, it was revealed that Fiverr was laying off 250 employees, or 30% of its staff, and was transforming into an AI-first company. Founder and CEO Micha Kaufman told X that AI required a fundamental rethink, and the 15-year-old freelance services platform was «returning to startup mode.»
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