George Soros bought an equity stake in Ciklum

Soros_BIGOn November 18 the great deal was made – billionaire philanthropist George Soros bought an equity stake in Ukrainian outsourcing company Ciklum.

The Ukrainian Redevelopment Fund headed by Soros acquired an undisclosed stake in Ciklum from Danish founder Torben Majgaard and private equity fund Horizon Capital. The expected date of transaction closure is the end of 2015.

Mr.Soros underlines that he is very excited about his investment in Ciklum – the company, that represents the future of Ukraine. He points out, that this investment is the investment in what he calls ‘New Ukraine’ – young educated people who are eager to make smartish changes of society and country at large.

BrainBasket Foundation is both excited for Ciklum to have such an honored stakeholder and for the Ukrainian IT industry in general – as long as Mr.Soros has always been the example for the world top-investors we can expect the splash of interest in Ukrainian businesses in the nearest future.

We congratulate our honorable partner Ciklum with this outstanding arrangement and wish long years of business prosperity!



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