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Avenga
Company type Public
Industry
Founded2019; 5 years ago (2019)
Headquarters Cologne, Germany
Number of locations
31 in 6 countries (2023)
Area served
Worldwide
Key people
  • Yuriy Adamchuk (CEO)
  • Malgorzata Wisniewska (COO)
  • Mario Wilhelm (CFO)
  • Ivan Kohut ( CTO)
Services
Owner
Number of employees
4300
Website avenga.com

Avenga (/ɑˈvengɑ/) is a software development and technology consulting company that operates from 31 centers across Europe, the Americas and Asia. Headquartered in Cologne, Germany, the company also has offices in Ukraine, Poland, the US, Malaysia, Argentina, Portugal and Malta. [1]

History

Avenga's formation resulted from a series of mergers and acquisitions.

In 2017, Oaktree Capital Management and Cornerstone Partners, two private equity groups, acquired the Polish outsourcing firm IT Kontrakt. [2] This initial merger was followed by further consolidations in 2018, when IT Kontrakt combined forces with another Polish technology company, Solidbrain. [3]

The establishment of Avenga took shape from 2019 when Ukrainian-American Corevalue and Germany's Sevenval joined the group. [4] [5] Then, IT Kontrakt, Solidbrain, Corevalue, and Sevenval came together to create the company with 2,500 IT experts aboard. [6] [7]

It specializes in executing large-scale IT projects and providing support for digital transformation initiatives. They mostly cooperate with partners from the fintech, pharmatech, life sciences, automotive, and insurance industries. [8] [9] The company's client list encompasses entities such as Boehringer Ingelheim, Mazda, Deutsche Postbank, Opel, OLO, and Volvo, among others. [2] [10]

In 2022, Avenga onboarded 580 experts in Poland; the aggregate number of employees in the country surpassed 1,700 specialists. [11] As of 2023, the organization employs roughly 4,300 [12] professionals who work in fields such as software engineering, data analytics, Artificial intelligence, user experience design, and cloud. [1]

Through the acquisition of IncluIT, Avenga integrated 800 new employees from 17 countries in Latin America. [13] Within Ukraine, they rank as the 14th largest technology company, employing nearly 1,300 individuals in the country. [14]

In March 2023, Avenga joined Diia City, a governmental initiative designed to promote new regulatory and tax framework provisions for technology companies in Ukraine. The program had the participation of more than 600 organizations in July. [15]

On February 28, 2024, KKCG completed the acquisition of Avenga. [16]

Acquisitions

Following Avenga's establishment in 2019, subsequent expansions of the company saw the inclusion of Perfectial, a Ukraine-based entity, in 2021, [17] and in 2022, the incorporation of the Argentinian technology firm IncluIT. [18]

Company name Industry Country Date of acquisition
Perfectial Software development   Ukraine 2021
IncluIT Software development   Argentina 2022

Partnerships and certifications

Avenga is a Salesforce consulting partner and a Microsoft Gold-certified partner. [19] In 2020, the company attained their ISO/IEC 27001:2013 certification. In 2022, they extended their security measures to their additional offices when Avenga Germany, Avenga Malaysia, and "Perfectial powered by Avenga" synchronized their Information Security Management Systems (ISMS) within Avenga Global under ISO/IEC 27001:2013. [20]

Values and charity

In 2021, Avenga became a participant in the UN Global Compact. [21] In 2022, they adopted Women’s Empowerment Principles (WEPs) and joined the Women in Tech Ukraine initiative. [22]

In light of the Russo-Ukrainian war, Avenga established a non-profit organization named “Avenga hilft” that directs donations toward humanitarian aid initiatives within Ukraine and assists those displaced due to the conflict. [23] Founded in Cologne, Germany, “Avenga hilft” facilitates the collection of monetary and material contributions from both individuals and companies. They oversee the coordination of logistics and transportation of the relief supplies and leverage the Avenga Group's networks in Ukraine to deliver the targeted distribution of support to the people and areas requiring help. [24]

References

  1. ^ a b "Асоціація "IT Ukraine" – Avenga". itukraine.org.ua. Retrieved 2023-09-01.
  2. ^ a b "Навіщо одна з найбільших в Україні IT-компаній Avenga купила аргентинського аутсорсера IncluIT. Бліц-інтерв'ю CEO Юрія Адамчука — Forbes.ua". forbes.ua (in Ukrainian). 2022-11-18. Retrieved 2023-09-01.
  3. ^ "CDZ doradcą IT Kontrakt przy inwestycji na rynku outsourcingu IT". Rzeczpospolita (in Polish). Retrieved 2023-09-01.
  4. ^ "CoreValue Joins IT Services Competence Platform – Lviv IT Cluster". 2019-02-27. Retrieved 2023-09-01.
  5. ^ "Übernahme durch Oaktree abgeschlossen". www.it-zoom.de (in German). 2019-06-19. Retrieved 2023-09-01.
  6. ^ "Four IT companies merge to form digital powerhouse Avenga". www.consultancy.eu. 2019-11-29. Retrieved 2023-09-01.
  7. ^ "Aus vier wird eins". www.it-zoom.de (in German). 2019-11-26. Retrieved 2023-09-01.
  8. ^ "Customer Experience entscheidet – so bekommen es Banken hin ..." IT Finanzmagazin (in German). 2020-03-12. Retrieved 2023-09-01.
  9. ^ "Fintech-проєкти має майже половина компаній з топ-50. У яких галузях працюють найбільші ІТ-компанії України". DOU (in Ukrainian). Retrieved 2023-09-01.
  10. ^ "Avenga unterstützt Digitalisierung der Pharmaindustrie – IT Business – Meldungen aus der ICT-Welt". www.itbusiness.ch (in Swiss High German). 2023-08-31. Retrieved 2023-09-01.
  11. ^ "Avenga z blisko 25% wzrostem przychodów w 2022 roku". ITwiz (in Polish). 2023-02-07. Retrieved 2023-09-01.
  12. ^ "Avenga acquires Argentina's IT business IncluIT to expand to Latin America | InVenture". inventure.com.ua. Retrieved 2023-09-01.
  13. ^ "MSN". www.msn.com. Retrieved 2023-09-01.
  14. ^ "20 найбільших аутсорс-компаній України: результати першого півріччя 2023 року". AIN.UA (in Ukrainian). 2023-06-22. Retrieved 2023-09-01.
  15. ^ "Дія.City вже налічує 600 резидентів". Економічна правда (in Ukrainian). Retrieved 2023-09-01.
  16. ^ "KKCG Completes Acquisition of Avenga from Oaktree and Cornerstone". KKCG. Retrieved 2024-02-29.
  17. ^ "German-based tech company Avenga buys Ukrainian outsourcer Perfectial". The Kyiv Independent. 2021-11-25. Retrieved 2023-09-01.
  18. ^ Pasławski, Krzysztof (2022-11-19). "Avenga przejmuje w Argentynie". CRN. Retrieved 2023-09-01.
  19. ^ "Avenga: Consulting, implementing, engineering - Avenga - AppExchange". appexchange.salesforce.com. Retrieved 2023-11-06.
  20. ^ "Around the World: Avenga Expands Its ISO/IEC 27001 Information Security Certification Scope". ABC4 Utah. 2022-11-22. Retrieved 2023-11-06.
  21. ^ "Avenga Joins the UN Global Compact - Lviv IT Cluster". 2021-03-29. Retrieved 2023-12-13.
  22. ^ "🗣 WIT Ukraine & Avenga - нове партнерство! 💫🤝". WIT UKRAINE (in Ukrainian). 2023-05-23. Retrieved 2023-12-13.
  23. ^ Germany, Süddeutsche de GmbH, Munich. "Avenga hilft e.V.: Humanitäre Hilfe für die Ukraine und Geflüchtete - SZ.de". Süddeutsche.de (in German). Retrieved 2023-12-13.{{ cite web}}: CS1 maint: multiple names: authors list ( link)
  24. ^ Girschner, Stefan (2022-03-23). "Ukraine-Krieg: Avenga startet humanitäre Hilfe für Geflüchtete". Digitalbusiness Cloud Magazin (in German). Retrieved 2023-12-13.
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