In more than 20 years of existence, Sigma Software Group acquired two companies, both from Kharkiv — in 2021, IdeaSoft, which specializes in blockchain, and in 2022, Eventyr (formerly PULS Software), which develops gaming technologies. Sigma Software Group plans to acquire a third company.
In more than 20 years of existence, Sigma Software Group acquired two companies, both from Kharkiv — in 2021, IdeaSoft, which specializes in blockchain, and in 2022, Eventyr (formerly PULS Software), which develops gaming technologies. Sigma Software Group plans to acquire a third company.
«We always had an M&A strategy, but we did all this very carefully, that’s why during the entire period we have two companies in the IdeaSoft and Eventyr group,» said Valery Krasovsky, co-founder and CEO of Sigma Software, during the issue of Business Breakfast Forbes Ukraine.
As Krasovsky explained, when planning M&A (mergers and acquisitions), Sigma Software pays attention to two things: first, the most important thing is that the company should be managed by entrepreneurs who do not want to go out of business and will continue to manage it, and the company should develop such a product that absent from the group and will strengthen it. In addition, organic growth is important.
Sigma Software continues to look at various companies and is especially interested in new markets. They are considering businesses, in particular from Ukraine, which have powerful customers in the USA, Britain and Germany.
Currently, Sigma Software plans to purchase an IT company, the name of which has not yet been announced.
«Every M&A deal goes through Due Diligence, which may or may not be successful. If everything goes well, I think it might even be known by the end of the year,» said Krasovsky.
The CEO of Sigma Software still revealed some details about the company. This is an IT company in one of the markets that are important for the development of the group.
«It also has a marketing product component. This is close to us because we are very professional in the advertising technology segment.»
During the issue of Business Breakfast, Krasovsky’s goal to increase the capitalization of the company to $1 billion in 5 years was also discussed. The CEO of Sigma Software explained what steps the company has taken to achieve this goal.
