Lviv IT company SoftServe has completed the acquisition of Indian technology company NewVision. Thanks to the deal, one of Ukraine's largest IT companies will expand its portfolio of technological services and increase its team by more than 700 engineers. SoftServe announced the completion of the deal on July 14.

The company noted that the acquisition will strengthen work with clients in different regions of the world and expand technological expertise. After the acquisition, more than 700 engineers with experience in software development will join SoftServe.

NewVision's headquarters is located in the Indian city of Pune. Along with the team, the company's management will also join SoftServe. NewVision CEO Kapil Godhani and COO Balan Ramaswami will continue to lead the business.

Read also: By the end of the year, the Park of Culture in Lviv will be renovated: what will change there

At the same time, NewVision will continue to operate under its own brand as a company wholly owned by SoftServe.

SoftServe emphasizes that the agreement will help strengthen the company's position in the international market and expand opportunities in the field of technology services.

SoftServe is one of the largest IT companies in Ukraine. It was founded in Lviv in 1993. Today, the company operates in the international market and provides services in the areas of software development, cloud solutions, data analytics, and artificial intelligence.

We remind you that Taras Kytsmei, co-founder of SoftServe, the "IT Ukraine" association, and the Lviv IT Cluster, spoke about the role of the Ukrainian IT industry in the country's development, the creation of effective professional communities, and the challenges facing businesses during the war. More details read here.