About the transaction
Of Danish origin, Ciklum is an innovative IT outsourcing company specializing in near-shore software development in Eastern Europe, in Ukraine and Belarus. Corum Group International advised Ciklum shareholders on the sale of Ciklum equity to Horizon Capital, a regional private equity fund manager.
With development offices in Ukraine, Belarus, and Pakistan, Ciklum delivers a vast portfolio of outsourcing services that is designed especially for the client. While the client focuses on managing the process of software development, Ciklum takes care of all operational issues, including human resources management, IT and office infrastructure, as well as administrative and legal support. Ciklum will leverage Horizon Capital's understanding of the Ukranian environment, global trends and best practices, to continue to innovate and grow its business.