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Ciklum purchased activities from Mondo's bankruptcy
Torben Majgaard
Ciklum CEO
Ciklum CEO
The transfer began on the 7th of December and most of the projects are already fully functional. The customers are no longer affected by the disruption which the bankruptcy has caused.
Ciklum is already a well-known professional outsourcing services provider with 700 employees primarily in Ukraine so we see this acquisition of 150 new employees and the continuation of the work to be easily consummated. Ciklum's organic growth just in November was 26 people, giving us confidence to expect 1000 employees headcount already in Q2 2010.
Ciklum is working almost exclusively with long term contracts, where customers have their own development teams. We ensure a high degree of networking among our customers so that they learn from each other. With the new customers of Mondo this networking will be even better for both the existing and newly arrived customers.
In our industry it is important to be focused, have a good control over the costs and skills. We see the acquisition of Mondo's activities to strengthen us so that we in 2010 can provide an even better service to all our customers.
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