{"id":60096,"date":"2025-07-09T18:03:58","date_gmt":"2025-07-09T15:03:58","guid":{"rendered":"https:\/\/itcluster.lviv.ua\/?p=60096"},"modified":"2025-07-09T18:05:50","modified_gmt":"2025-07-09T15:05:50","slug":"modus-x-leads-among-corporate-it-subsidiaries-in-ukraine-2024-revenue-reaches-uah-1-8-billion","status":"publish","type":"post","link":"https:\/\/itcluster.lviv.ua\/en\/modus-x-leads-among-corporate-it-subsidiaries-in-ukraine-2024-revenue-reaches-uah-1-8-billion\/","title":{"rendered":"MODUS X Leads Among Corporate IT Subsidiaries in Ukraine: 2024 Revenue Reaches UAH 1.8 Billion"},"content":{"rendered":"\n<p><em>According to a joint study by <strong>Forbes Ukraine<\/strong> and <strong>KPMG in Ukraine<\/strong>, <strong>MODUS X<\/strong> topped the ranking of IT companies established by major businesses to drive internal digital transformation. In 2024, the company reported the highest revenue among its peers \u2014 <strong>UAH 1.8 billion<\/strong>, a <strong>41% increase<\/strong> compared to 2023.<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"630\" src=\"https:\/\/itcluster.lviv.ua\/wp-content\/uploads\/2025\/07\/img_8381.png\" alt=\"\" class=\"wp-image-60097\"\/><\/figure>\n\n\n\n<p>Over the past year, MODUS X has demonstrated rapid growth, evolving from an internal innovation hub into a <strong>fully-fledged IT company with export potential<\/strong>. Among its key achievements are the launch of new solutions for <strong>DTEK<\/strong> in the areas of power generation forecasting, digital document management, cybersecurity, process automation, and generative AI.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWhat we develop for DTEK can be adapted and sold externally. At the same time, the Ukrainian market is slowing down \u2014 due to the broader economic downturn, expanding our portfolio locally is becoming increasingly difficult. That\u2019s why we\u2019re exploring new markets in Europe and Central Asia. It\u2019s a challenge, but also an opportunity,\u201d <\/em>said <strong>Dmytro Osyka<\/strong>, CEO of MODUS X.<\/p>\n<\/blockquote>\n\n\n\n<p>The company is actively growing its external client base. In 2024, MODUS X worked with <strong>14 external clients<\/strong>, and in the first half of 2025 \u2014 <strong>12 more<\/strong>. Clients include major players in the <strong>banking, agriculture, pharmaceutical, and retail sectors<\/strong>, with telecom next in focus.<\/p>\n\n\n\n<p>As of the end of 2024, the <strong>combined revenue of the 10 largest IT subsidiaries of Ukrainian companies<\/strong> reached <strong>UAH 7 billion<\/strong> (approx. <strong>$174 million<\/strong>), up <strong>49%<\/strong> from 2023. MODUS X held the <strong>largest share<\/strong> of this total.<\/p>\n\n\n\n<p>Other companies featured in the ranking include <strong>Nova.Digital, Kyivstar.Tech, Metinvest Digital, TemaBit, Naftogaz Digital Technologies<\/strong>, among others.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a joint study by Forbes Ukraine and KPMG in Ukraine, MODUS X topped the ranking of IT companies established by major businesses to drive internal digital transformation. In 2024, the company reported the highest revenue among its peers \u2014 UAH 1.8 billion, a 41% increase compared to 2023. Over the past year, MODUS [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":60097,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[23],"tags":[],"class_list":["post-60096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-members-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/itcluster.lviv.ua\/en\/wp-json\/wp\/v2\/posts\/60096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itcluster.lviv.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itcluster.lviv.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itcluster.lviv.ua\/en\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/itcluster.lviv.ua\/en\/wp-json\/wp\/v2\/comments?post=60096"}],"version-history":[{"count":1,"href":"https:\/\/itcluster.lviv.ua\/en\/wp-json\/wp\/v2\/posts\/60096\/revisions"}],"predecessor-version":[{"id":60099,"href":"https:\/\/itcluster.lviv.ua\/en\/wp-json\/wp\/v2\/posts\/60096\/revisions\/60099"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/itcluster.lviv.ua\/en\/wp-json\/wp\/v2\/media\/60097"}],"wp:attachment":[{"href":"https:\/\/itcluster.lviv.ua\/en\/wp-json\/wp\/v2\/media?parent=60096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itcluster.lviv.ua\/en\/wp-json\/wp\/v2\/categories?post=60096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itcluster.lviv.ua\/en\/wp-json\/wp\/v2\/tags?post=60096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}