Top 10 Ukrainian Product IT Companies: A Complete Overview
As it is known, Ukraine has quickly turned into the IT center of the world, where all the necessary technological experience and production of IT companies are concentrated. Because the education in the Information Technologies is well-developed in the country, providing many highly-qualified developers of different spheres, such as Fintech, Logistics, Aviation, Real Estate, Media, iGaming, and others, the country has all needed tools to solve various complicated technological problems. They remain a significant segment of Ukraine’s IT market, recognized not only for their coding and programming Web or Mobile expertise, AI ML, Blockchain, Oracle, or other solutions, but also aesthetics and usability, UI/UX design.
Ukrainian product IT companies can also be attributed to the rich and diverse affiliate base of the software development firms in Ukraine. These include the new generation companies venturing into new areas such as artificial intelligence and cybersecurity and the large companies that offer full solution software all over the world. This mixture provides a working environment in the field of technology where learning, competing and developing are not options but routine processes.
Today, the experienced Idealogic team will shed light on how Ukrainian IT companies have gained the interest of the global markets and investors, making it clear of their competency in developing good products and services. In this article, we will attempt to depict the top 10 IT companies in Ukraine and analyse their strategic actions that put them on the map of the leaders on the IT market. Whether you searching for Potential Tech Partnerships, an investment, or just interested in how IT is developing in Ukraine, this introduction to the leading actors of the community will be useful.
Why Ukrainian Product IT Companies Are so Popular
It is maybe not surprising but it is definitely worth to mention that Ukraine is one of the best places to seek a software development company for nearshoring or outsourcing. My friends, Ukrainian software developers are very competitively priced and at the same time provide services that can compete with any company in the world, thus the passion foreigners have toward the company. IT companies in Ukraine develop products that are accepted internationally because of high education, professional employees, and the proper environment.
High-Quality Technical Education
Ukraine has over 400 higher education institutions many of which have good records in STEM education. Thus, Ukraine takes the second place in the number of graduates of engineering specialties per capita among the countries of Eastern Europe according to the data of the World Economic Forum. These university graduates bring well-educated talent into the sector each year to replenish its workforce, thus, the pipeline flows full and replenishes IT’s human resources needs each year.
Skilled Workforce
Ukrainian developers can be characterized as rather skilled and inventive individuals. On average, Ukrainian IT specialists occupy the steepest ranks internationally. For instance, the said country captures the first place in many international coding challenges like the ACM International Collegiate Programming Contest year after year. Such a level of specialization results in the development of superior software products, as well as the creation of unique solutions that can be considered equivalents to foreign analogs.
A Well-Developed Tech Ecosystem
The IT industry exists and flourishes in Ukraine, and there is evidence to prove that its growth rate is rapidly increasing. The industry for IT was recorded to be producing about seven billion USD for the Ukrainian economy and remain the leading exporting industry of Ukraine. In 2023, Information technology’s proportion in the global service export was 42 percent. This lively environment has received backing from many tech parks, incubation, and accelerators to enhance the creation of new products and ideas to support the startup and linked establishments.
Government and Community Support
Ukrainian government offered various measures like tax programs and educational reforms pertinent to IT specialization for enhancing IT curriculum in university. Furthermore, there is also an array of tech community and specialised events that assist in the creation of the appropriate connections and enhancements of the skills, thereby strengthening the industry’s skills and global status.
All these factors explain the increase in activity and the increase in the IOT share among Ukrainian product IT companies, which makes them interesting for cooperation, investment, and access to high-quality and innovative IT services.
Top 10 Ukrainian Product IT Companies
However, Ukraine is not only attractive for outsourcing. There are many IT software companies that have their own premium-grade products in Ukraine both for domestic and foreign markets. Following the development of Ukraine’s IT industry, some of the companies can be considered as leaders with unique and highly efficient products and services for local and international consumers. Listing down here are a few such important and noteworthy ones that must draws the attention of the spectators.
1. Grammarly
Among the other Ukrainian product IT companies, Grammarly is one of the most famous. Grammarly was initiated in 2009 by Alex Shevchenko, Max Lytvyn, and Dmytro Lider, and in the present days, it is an AI writing Corrector that is famous globally.
There are lots of options available in it which are grammar and spell check, plagiarism check, and tone of your writing. These capabilities make it highly useful for not only students and teachers but also other working individuals and non-English speaking people who want to refine their writing style.
As it has already been mentioned, Grammarly is available in many contexts. It seamlessly works with such browsers as Chrome, Firefox and Safari using application’s extensions and is present in the form of an Application for Windows and Mac. Moreover, mobile users can benefit from Grammarly’s keyboard app both for iOS and Android, so that it would cover all possible help to provide regarding every used device.
Certainly, in the case of Grammarly, steady growth in the number of users as well as the development of new technologies have been identified in the course of the years. It also supports improvements for over 40 languages for over 30 million daily active users as of 2023. A quick growth of the company has been seen in the increase of the valuation, which happened when the company successfully completed its funding of $200 million in 2021 taking it to $13 billion. Furthermore, with the help of ‘Grammarly for Business’ the service targeted the professional audiences and gained intelligent clients such as Cisco and Expedia.
In other words, the Grammarly story combined with its global outreach and constant development embody the ever-growing and sophisticated potential of Ukraine’s IT market and its local innovations’ global relevance.
2. MacPaw
Another Ukrainian product IT company was MacPaw founded in 2008 by Oleksandr Kosovan, a student of the KPI. Since then, it has successively climbed its way to being a very important company in the software niche, with more emphasis on creating Mac applications. CleanMyMac is the firm’s primary product with a reputation for enhancing the speed of a Mac through the removal of unneeded files and optimization of storage space, as well as the system’s health.
Apart from CleanMyMac, MacPaw has made other applications, which are widely used by mac users. Its product development may be regarded as Setapp, a subscription-based service released in 2017, granting the customers an opportunity to use applications that are selected by the developers. Thus, it makes the use of applications for macOS and iOS easier and available for a set fee that includes a wide variety of applications; this service is quite popular due to its effectiveness and reasonable cost.
MacPaw also keeps security/privacy in mind with its product Gemini which aims at searching for and deleting similar files, thus, avoiding hogging space on users’ devices.
Not only has the company been a pioneer of software production, but it also participates in creating the world’s technological advancements. For example, in 2017 MacPaw bought The Unarchiver, the simple and free decompression program for Mac users. Today, MacPaw is not only the representative of Ukrainian entrepreneurship, but also the company contributing to the millions of peoples’ lives worldwide.
It presents the company’s products, where the domestic IT industry demonstrates its potential and the ability to engage in large-scale competition on the global stage. The story of MacPaw proves that a consentrated approach to products’ development and understanding of clients’ requirements may be a way to achieve significant results and gain respect in the sphere of technologies.
3. Playtika
Playtika was founded in 2010, and started operations in Ukraine’s fast-growing IT scene and later relocating its base to Israel. Social games established the company in the world of digital entertainment very soon and it could be rightly said that the company was a pioneer in every sense of the term. Playtika achieved its success with its flagship product, commonly known as Slotomania, which is considered as the pioneer of social games combining the aspects of gaming with elements of fun that attract a vast number of people.
Playtika has acquired numerous games which are very famous such as House of Fun, Bingo Blitz and Caesars Slots. These games are produced with graphics, plot, and interface, which not only retain the existing clients but also attract new ones. It utilizes high-level IT skills such as algorithms and data analytics to improve the experience of users and also satisfy the players’ needs and demands.
Over the years, Playtika has offered its services to millions of active users daily and across all the platforms. Presently, the global population is over 3. 7k staff members at Playtika, offices in 19 countries, and more than 35M MAU. According to information found regarding its IPO in 2021, the company was estimated to be valued at more than 11 billion dollars, which testifies to its weight in the market and its financial development. For the year 2020, Playtika stated its revenues at more than $2. 3 billion.
Successful innovation within the context of the social gaming genre has also showcased the kind of commercial returns and leadership that companies in Ukraine’s tech industry can provide to the global market.
4. Genesis
Perhaps the most recognizable Ukrainian product IT company… Genesis is a bright example of the developing Ukrainian IT market as it became one of the largest IT companies in Ukraine after its establishment. Genesis is located in Kyiv, Ukraine was established in the year 2008 and focuses on Web and Mobile development, digital advertising, and User Experience Designs targets global audiences.
Here, the company has a good coverage of products and services meant to fit different needs and preferences of the consumers. They include Jiji, an African leading classified advertisement website or BetterMe, a health, and wellness mobile application that is among the most downloaded in the relevant category.
Genesis has over fifteen large-scale projects, and they function in one hundred plus markets, showing the versatility of the company. Its success can be measured by the amounts of users – Genesis admits that it has more than 200 million unique monthly users on all its channels. This level of coverage is backed up by the numbers; the company has had stable and healthy revenues and the most recent years those revenues have surpassed hundred million dollars.
The influence of Genesis does not stop with economic components; it has also affected specific digital business environments and new media structures in digital economies of emerging countries.
5. Readdle
Readdle is another Ukrainian success story in the sphere of software production that focuses on professional productivity applications for Apple brand devices. Since its establishment in 2007 in Odessa, Readdle has been one of the pioneers in promoting effectiveness of iOS and macOS users with outstanding and effective applications.
I find Readdle rather talented and it has released several highly appreciated apps, for example, Spark – inbox that categorises the emails for users; Scanner Small business pdf pro – application that converts the camera of the device into a scanner; PDF Expert – an app, which enables users to edit the PDF files on the devices easily. These applications have been useful in determining how various workers go about the management and communication of documents on mobiles and offices.
As you can deduce, the firm’s focus on delivering high-quality and easy-to-use software is well-appreciated. Today, Readdle’s applications can be used by more than 175 million users all around the globe, which speaks about the high popularity and necessity of these applications. Specifically, the application known as PDF Expert that is one of the most popular services offered by the company received the “App of the Year” award in Apple, which will indicate the unusual approach to software development in this company.
Moreover, Readdle remains active and develops, etching its status as the prominent productivity application with greater popularity and coverage geographically worldwide. This growth is supported by the company’s knowledge of users, the process that is going through a constant effort of delivering solutions that enhance productivity and work-flow patterns of everyone, the consumer and businesses.
6. EVO
You most definitely have heard about it’s products! EVO is a Ukrainian company that developed the business of e-commerce and online auctions and proves the existence of the IT potential in Ukraine. EVO was founded in 2008 and runs several well-known Internet marketplaces that serve personal and enterprise customers in the regions of Eastern Europe. It aims at making buying and selling through the internet a seamless and a pleasant experience for the consumers.
In sum, they create markets for online shopping and ordering services, the so-called Prom. ua, Deal. by, Bigl. ua, Kabanchik. ua, and Shafa. ua, among others. EVO Group developed a set of services for companies and organizations that united the main digital platforms such as the site for state and commercial auctions (Zakupki. Prom. ua and Auctions. Prom). The company is also working on further establishing of a web-based purchase of tours agency called Rozetka Travel, and numerous other Fintech and Logistics projects.
EVO's flagship platform, Prom. UA, is one of the leading online trading platforms of the Ukraine. It links millions of consumers with producers and facilitates the sale of most everything, from gadgets and apparels to house hold utensils and skin care products. Another notable platform, Bigl. ua also shares the same purpose, thus, enlarging the company’s market presence in the sphere of e-commerce. It also operates Crafta, another firm, direct selling so that original and handmade products can be sold in the market in a more efficient manner.
Measuring the scope and size of its audience, EVO’s platforms stand out as statistically noteworthy. Just in Ukraine, there are more than 3 million active listings, and the platform helps over 10 million users every month. On average, all of the company’s Internet platforms perform tens of thousands of transactions per day, so EVO has become one of the leaders of Ukraine’s Internet commerce markets.
EVO has also played a critical role in the formation of conditions necessary to develop the small and mid-sized enterprises in Ukraine. In this way, EVO supports local companies and offers solutions that make Internet sales easier in order to discover new market areas.
7. Maxpay
Maxpay another Ukrainian-born financial technologies startup that deals in online payment services for various companies and business entities. Based in California, Maxpay was established back in 2014 to offer a high level of payment processing solutions while adapting to the needs of such business sectors as e-commerce, travel, and the services industry.
As one of the world’s virtual checkout providers, Maxpay helps to eliminate complications of international payments by featuring capabilities like the support of multiple currencies, means of protection against fraud through its service – Covery, which adheres to the essential standards of the Payment Card Industry Data Security Standard. That is why the model of payment processing makes Maxpay a promising partner for companies interested in developing their market presence in different countries.
All in all, this firm has been established to have grown over the years handling millions of transactions monthly for the merchants across the globe. The key benefits of using Maxpay as the payment service provider are based on the company’s approach that specializes in innovation, retaining customers, and providing solutions for constantly growing digital market. They can assist firms in enhancing and reducing their payment processes and prioritizing customers’ satisfaction by offering efficient transaction experiences.
However, Maxpay is not only a payment service provider; it provides tips and ideas for the fintech industry and consumers of financial services about trends in developing and maintaining secure payment protection for consumers. This makes Maxpay not only the supplier of services, but also a guide to safer and more effective financial transactions in the fintech market.
Presently, it has its branches in Ukraine, Lithuania, and Malta, it has partnered with more than 30 banks, and covers jurisdictions of over 50.
8. Ajax Systems
Ajax Systems was established in 2011 and has quickly grown to become a prominent company that deals with security systems, locally and globally. It deals in smart security solutions that can easily blend with current technologies for the purpose of enhancing security for residences and commercial institutions.
A Ukrainian-based company Ajax Systems has turned the traditional security systems on their heads by applying wireless communication and clear interfaces. Their range consists of motion sensors, doors or windows sensors, smoke sensors and even water leak sensors to create a system that is controlled through a smartphone app. This integration helps the users to keep their premises under surveillance and be alert to any security threats as and when they happen.
Therefore, statistically, Ajax Systems is quite an influential company. The company operates in more than 120 countries and receives over $11 million investments from investors like SMRK and Horizon Capital; the company also has more than 800 specialists in its team. Their manufacturing capability is also well seen given that hundreds of thousands of such devices are manufactured monthly to meet the expanding global market needs.
Over the last couple of years, Ajax Systems has experienced significant growth in production and sales figures, and the company’s revenues are steadily rising as more people and companies turn to its high-end security systems. Ajax Systems’ business philosophy of innovation can be seen from the firm’s constant enhancement of product attributes and foray into new segments.
9. Megogo
If you are from Ukraine, you have definitely heard about Megogo. It is one of the leading video streaming services that initially started in Eastern Europe specifically in Ukraine in 2011. It shows movies and TV programs; broadcasts sport events and children’s programs as well and is available for viewing on smart TVs, mobile phones, tablets, and PCs.
Being the market leader Megogo responded to this trend and has been offering a wide range of programs – there is more than 77,000 videos in various languages. This makes the platform superior because it combines the regular TV channels with the video on demand hence becoming one platform for all entertainment. It gives the users the contents to watch, depending on the contents previously selected by the user.
In sum, Megogo can be regarded as developing and growing with time gradually increasing its subscribers in the countries such as Ukraine, Belarus and The Baltic States. The service claims an active monthly audience of millions of people and gets tens of thousands of simultaneous viewers during popular broadcasts, for example, live sports events and premieres of new films.
Megogo also provides and invests in producing its own content which has received the viewers’ attention and criticism. Thus, the company is trying to gain a stronger position in the identified competitive environment. Aside from this, it makes Megogo a more popular platform thus increasing their subscribers’ level of engagement; it also makes Megogo as choice service provider in Eastern Europe in the transition to a digital world entertainment.
10. Wix
Finally, it is necessary to mention that Wix is an international company with its headquarters in Israel, however, it has rather strong presence and activity in Ukraine. Headquartered in Tel Aviv, Wix was established in the year 2006 and is famous for its web development application that facilitates users to build their professional web sites easily, with stunning features using graphic based user interface and several templates.
Wix allows users from newbies to professional web designers to create beautiful web sites with a huge portfolio of options that includes but are not limited to web hosting, domain name and hosting services, e-commerce solutions, and management of customer relations. Depending on the requirements of the campaign, it is an ideal solution for an individual, SMEs and global companies that aim to create/develop their web presence.
In fact, according to the required statistical data, Wix has millions of users globally, as the indicated site provides with web hosting facilities for over 160,000,000 Internet sites. The company has grown by increasing the numbers of users and showing the improvement of the company’s financials with annual revenue over one billion. This growth is backed up by Wix, a company which already had clearly defined marketing strategies and product development that ensures that the platform for web development is up to date.
In total, one should state that Wix is not just a hosting platform that provides website builders with space for their creation; it helps users by offering business solutions and SEO tools alongside with connections to important digital services. These all-inclusive services make users not only create websites but also promote and develop their online enterprises.
Idealogic: Your Ukrainian Software Development Company
In conclusion, it is not only outstanding IT outsourcing that belongs to Ukraine but also a broad spectrum of product IT companies that have reached the creation of excellent products that could be useful to both local and international customers. Of course, Idealogic itself does not create its products but we truly appreciate our IT industry, which can produce startups and software development companies in Ukraine and create fantastic concepts and actual products among various ventures of the business world such as Fintech, Logistics, Aviation, Real Estate, Media, iGaming, and others.
Our team always highlight such accomplishments because it is our goal to provide assistance to people with ideas on turning a simple page from a document with a sensational idea to a stable, easily usable and effective custom Web or Mobile application. If you want to create a Website or Mobile application, don’t hesitate to Drop us a message or Book a call to our CTO when you need help.
Become one of the successful product IT companies and work with Idealogic!
