SoftServe Expands Presence in European IT Market with Acquisition of UGE UkrGermanEnterprise GmbH

-- The collaboration will advance customized software solutions for multiple industries including banking, insurance and IT

AUSTIN, Texas, June 23, 2014 /PRNewswire/ -- SoftServe Inc., a leading global software application development and consulting company, today announced the acquisition of UGE UkrGermanEnterprise GmbH, a German company specializing in high quality individual software development, business software solutions, and IT consulting. The acquisition represents SoftServe's continuing commitment to serve the growing needs of the European market with best-in-class technology solutions and applications.

Logo - http://photos.prnewswire.com/prnh/20140123/FL51590LOGO

"We are delighted with the UGE GmbH acquisition which aligns with the SoftServe global strategy and sales expansion into Germany," said Alan Harlan, CEO, SoftServe. "The UGE GmbH management team is a strong addition to our Western European organization and will enhance our market expansion."

"We are excited to be a part of the SoftServe family and we strongly believe our expanded offerings will continue to drive innovation and best practices for our customers," Eduard Singer, CEO, UGE UkrGermanEnterprise GmbH.

UGE UkrGermanEnterprise GmbH offers a comprehensive suite of nearshore outsourcing services from developing complex solutions to individual tailored software needs. Additionally, UGE GmbH provides highly skilled development teams and IT consulting on site or remotely.

About UGE UkrGermanEnterprise GmbH

UGE UkrGermanEnterprise GmbH has been a major player in the German speaking region (Germany, Austria, and Switzerland) since 2005. Based in Frankfurt am Main, Germany, the company provides high quality software solutions to their customers in banking, insurance, industry and public services industry sectors. Their services range from the design of webpages via the development of web based applications up to the implementation of big and complex software solutions. The list of company's clients includes Panasonic, Sanyo, Commerzbank, GFT, etc. For more information, please visit http://uge-gmbh.de/.

About SoftServe Inc.

SoftServe Inc. is a leading global software application development and consulting company. We immerse ourselves in our client's business and relentlessly focus on providing technology solutions that create tangible business value. Our robust competencies include business and technology consulting, software optimization, SaaS/Cloud, Mobile, UI/UX and BI/Analytics for vertical markets such as healthcare, retail and high tech. SoftServe developed Abiliton, a set of adaptive best practices and processes for software development optimization comprised of people, processes and technology. Abiliton ensures predictable, repeatable results and faster time to market, positioning businesses for scalable growth. With over 20 years of industry excellence, SoftServe delivers rich user experiences, intuitive products and solutions providing our clients with a strong competitive advantage. Our offices are located in North America, Europe and Russia. For more information, please visit www.softserveinc.com.