London-based product engineering and digital services company Ciklum has acquired a Czech-based software development firm.
The acquisition of CN Group from Genesis Capital will facilitate Ciklum’s ambitious growth plans in Central Europe.
Ciklum helps enterprises design and optimise their businesses for innovation, leveraging emerging technologies. It works with leading brands across 30+ countries.
CN Group is headquartered in Prague, with five nearshore delivery locations in central Europe. It serves 62 international customers, including Procter & Gamble, Strabag, TF Bank, Bunte.de and FlatexDEGIRO, across more than seven markets.
The company’s 360 digital technology specialists takes Ciklum’s team to more than 3,500 engineers, designers, product managers and data scientists across the globe.
“Our companies share a strong culture of transparency, open communication, and excellence,” said Kulraj Smagh, CEO at Ciklum.
“Like Ciklum, CN is dedicated to empowering both our people and clients to exceed their potential and pursue extraordinary technology solutions in the fast-changing digital economy.
“Our combined capabilities, values and culture, will allow us to further accelerate our progress towards fulfilling our ambitious goals.”