The headquarters of Indeema Software are in Lviv. The company currently employs more than 60 people and specializes in IoT development. The talks lasted nearly three years, with the first negotiations starting in late 2021.
Volodymyr Shevchyk and Yaroslav Rubii, the founders of Indeema Software, are confident that with this partnership, the company will be able to scale faster and reach a qualitatively new level, achieving its strategic goals.
“Of course, the war has had an impact, but now, more than ever, we need to develop and support Ukrainian businesses and companies. We are doing everything we can to expand our services, enter new markets, and thus increase the number of jobs for Ukrainians,” says Volodymyr Shevchyk.
Indeema Software has an excellent market reputation and over 8 years of experience, including with Fortune 200 companies. The company has opened an R&D hub in its Lviv office, that enables them to implement high-tech projects. Furthermore, the company collaborates closely with Lviv Franko National University and is the co-founder of the PLLUG IT courses.
InSoft Partners founder Vitalii Gorovyi has acquired a minority stake in the IT company. The purchase price of Indeema’s share, as well as the total amount of the agreement, are not disclosed. Following the completion of all documentary procedures, InSoft Partners intends to disclose data on investment within a month.
“After the war started, we agreed not to change our plans; it just took a little longer to finish the agreement,” said Vitalii Gorovyi.
Vitalii Gorovyi is a successful entrepreneur in the IT industry. InSoft Partners, through its holding company, acquires shares in the service IT B2B businesses and participates in operational processes to scale and increase the value of portfolio companies. ITernal Group, Core Value, Cloudfresh, and Ucode IT academy are among the completed projects. Previous exits were made in the interests of the following counterparties: OakTree Capital Management and UST Global. InoXoft, Linkup Studio, and Indeema Software are among the current projects.