| Avenga | |
| Type: | Public |
| Hq Location: | Cologne, Germany |
| Num Locations: | 31 in 6 countries |
| Num Locations Year: | 2023 |
| Area Served: | Worldwide |
| Num Employees: | 4300 |
Avenga (/ɑˈvengɑ/) is a software development and technology consulting company that operates from 31 centers across Europe, the Americas and Asia. Headquartered in Cologne, Germany, the company also has offices in Ukraine, Poland, the US, Malaysia, Argentina, Portugal and Malta.[1]
Avenga's formation resulted from a series of mergers and acquisitions.
In 2017, Oaktree Capital Management and Cornerstone Partners, two private equity groups, acquired the Polish outsourcing firm IT Kontrakt.[2] This initial merger was followed by further consolidations in 2018, when IT Kontrakt combined forces with another Polish technology company, Solidbrain.[3]
The establishment of Avenga took shape from 2019 when Ukrainian-American Corevalue and Germany's Sevenval joined the group.[4] [5] Then, IT Kontrakt, Solidbrain, Corevalue, and Sevenval came together to create the company with 2,500 IT experts aboard.[6] [7]
It specializes in executing large-scale IT projects and providing support for digital transformation initiatives. They mostly cooperate with partners from the fintech, pharmatech, life sciences, automotive, and insurance industries.[8] [9] The company's client list encompasses entities such as Boehringer Ingelheim, Mazda, Deutsche Postbank, Opel, OLO, and Volvo, among others.[10]
In 2022, Avenga onboarded 580 experts in Poland; the aggregate number of employees in the country surpassed 1,700 specialists.[11] As of 2023, the organization employs roughly 4,300[12] professionals who work in fields such as software engineering, data analytics, Artificial intelligence, user experience design, and cloud.
Through the acquisition of IncluIT, Avenga integrated 800 new employees from 17 countries in Latin America.[13] Within Ukraine, they rank as the 14th largest technology company, employing nearly 1,300 individuals in the country.[14]
In March 2023, Avenga joined Diia City, a governmental initiative designed to promote new regulatory and tax framework provisions for technology companies in Ukraine. The program had the participation of more than 600 organizations in July.[15]
On February 28, 2024, KKCG completed the acquisition of Avenga.[16]
Following Avenga's establishment in 2019, subsequent expansions of the company saw the inclusion of Perfectial, a Ukraine-based entity, in 2021,[17] and in 2022, the incorporation of the Argentinian technology firm IncluIT.[18]
| Company name | Industry | Country | Date of acquisition |
|---|---|---|---|
| Perfectial | Software development | 2021 | |
| IncluIT | Software development | 2022 | |
Avenga is a Salesforce consulting partner and a Microsoft Gold-certified partner.[19] In 2020, the company attained their ISO/IEC 27001:2013 certification. In 2022, they extended their security measures to their additional offices when Avenga Germany, Avenga Malaysia, and "Perfectial powered by Avenga" synchronized their Information Security Management Systems (ISMS) within Avenga Global under ISO/IEC 27001:2013.[20]
In 2021, Avenga became a participant in the UN Global Compact.[21] In 2022, they adopted Women’s Empowerment Principles (WEPs) and joined the Women in Tech Ukraine initiative.[22]
In light of the Russo-Ukrainian war, Avenga established a non-profit organization named “Avenga hilft” that directs donations toward humanitarian aid initiatives within Ukraine and assists those displaced due to the conflict.[23] Founded in Cologne, Germany, “Avenga hilft” facilitates the collection of monetary and material contributions from both individuals and companies. They oversee the coordination of logistics and transportation of the relief supplies and leverage the Avenga Group's networks in Ukraine to deliver the targeted distribution of support to the people and areas requiring help.[24]