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Sigma Software

Hard work and the fight for peace and democracy

Sigma Software is a provider of first-class IT and consulting services and has been listed among the world’s top 100 outsourcing companies by IAOP for six consecutive years. For two decades, we have helped companies, software houses and start-ups address their business needs with technical solutions. We have over 2,000 specialists working with more than 300 clients worldwide. 

Our R&D centres, value-added services, and innovative ML, AI, AR, data and process management products enable us to create the best solutions for our customers.

The drive and fighting spirit to shine, even in the dark shadow of war

As a partly Ukrainian company, this year we faced an unprecedented challenge – war. In keeping with our Business Continuity Plan (BCP), we evacuated 2,800 people, our employees and their families, from the conflict zone. Since our digital infrastructure and servers are located in the EU and 95% of our specialists work on laptops, we were able to resume all our activities after only two and a half weeks. We adapted to the situation, just as we did two years ago, when the COVID-19 pandemic swept the globe. And we are very proud that we have been able to continue to deliver our services.

As a result of the war, we have opened more than ten new offices in Poland, Portugal, the Czech Republic, Hungary, Bulgaria, Germany, Argentina, Colombia and Mexico. We have also expanded our presence in six cities in Ukraine and reopened our office in Kyiv.

In 2022, we have so far received over 50 new projects, which means that we are now working on more than 300 projects and assignments

What we have done for Ukraine and for European values:

  • Our employees, customers and partners raised USD 3.72 million to help the Ukrainian army and our compatriots who have been forced to flee their homes.
  • We have raised USD 675,000 for the Help Kharkiv humanitarian aid fund.
  • Together with the Danir Group, we have created Swedes for Ukraine, a platform that connects Swedes who have extra space in their homes with Ukrainian refugee families.
  • Star for Life in Ukraine helps children gain IT skills while receiving psychological support.
  • Chatbot for Kharkiv. Here, Kharkiv residents can see the status of their houses after their neighbourhoods have been bombed.
  • Hack for Peace is a hackathon to find technical solutions that can help deal with problems that arise in war. It was held in five countries and attracted over 500 participants.
  • We shared our story and experiences at Almedalen, at Tech.eu and a number of other events.

The year in brief

2022 has been a real test for all of us. But we have fought on and tried to maintain the initiatives we pursued before the war. Our competence-enhancing training and ecosystem development has continued and shown good results. The investment portfolio of the Sigma Software Labs business incubator now includes 15 start-ups comprising a total investment of USD 1.4 million. Sigma Software University, our educational platform that provides IT training, has held over 40 knowledge-sharing events during the year, launched nine courses, and held six training retreats for more than 5,500 participants. We established a brand new Ukrainian venture capital fund – SID Venture Partners. We also expanded our metaverse expertise through the acquisition of PULS Software, which proved to be the genesis of a new company, Eventyr.

We also celebrated our first 20 years as a company, and we continue to be one of the top 15 IT companies in Ukraine and a reliable technology partner for customers that include SAS, Volvo, Knorr-Bremse and Verizon Media. We enter 2023 with great gratitude for our team, customers and partners. And with the hope of peace.

THE YEAR IN NUMBERS

Figures from the previous year for Sigma Software.

Revenue
msek
2018
2019
2020
2021
2022
Number of employees
1,940
+8%
2022
2021
Annual growth
Total 2021 - 2022
CAGR*, total 2017 - 2022
CAGR*, organic 2017 - 2022

*Compound Annual Growth Rate.

Sigma Software

Sigma Software is a provider of first-class IT and consulting services and has been listed among the world’s top 100 outsourcing companies by IAOP for six consecutive years. For two decades, we have helped companies, software houses and start-ups address their business needs with technical solutions. We have over 2,000 specialists working with more than 300 clients worldwide. 

Our R&D centres, value-added services, and innovative ML, AI, AR, data and process management products enable us to create the best solutions for our customers.

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