Horizon Capital Invests in Miratech, a next-generation digital engineering and consulting services company
April 27, 2022
Kyiv, Ukraine – Horizon Capital, a U.S. private-equity firm investing in high growth export-oriented and domestic companies primarily in Emerging Europe, announced today that its $200 million Emerging Europe Growth Fund III, LP (EEGF III) fund has acquired a minority stake in Miratech, becoming its largest financial investor. Details of the transaction are not disclosed. Horizon Capital will help Miratech to accelerate its ongoing global expansion in providing digital product engineering and customer experience design services to renowned global companies.
With over 700 employees on board in 25 countries, Miratech gained its outstanding partner reputation by completing 99% of projects on time and within budget. Its culture of relentless performance drives digital transformation initiatives for Fortune 500 companies as well as for rapidly growing companies in financial services, healthcare, technology, debt management, government, and telecommunications sectors. 2021 posted a record-high spend on IT transformation by companies in the United States, Canada and Europe, with this trend expected to accelerate in the coming years.
“I am excited to welcome Horizon Capital as our new financial investor”, said Valeriy Kutsyy, Miratech CEO. “Over the past year we’ve been evaluating a number of alternatives with great investors globally. We very much appreciate Horizon Capital’s vision and approach to our future partnership. Their reputation for team strength, high integrity, value creation and their successful investment track record also made Horizon Capital stand out. We’re highly enthusiastic about our future partnership”.
Lenna Koszarny, Horizon Capital Founding Partner and CEO, added: “We are pleased to back Miratech, a dynamic digital engineering player with delivery centers worldwide, a solid track record of rapidly scaling teams for clients and a niche focus on customer experience digitalization. We are investing our capital and expertise to support Miratech’s ambitious market expansion and growth plans, alongside its visionary founders whose commitment and deep market knowledge has enabled them to build exceptional digital competencies and employer brand. This latest deal joins a strong portfolio of investments, primarily in high-growth tech companies and export-oriented businesses.”
Horizon Capital is a U.S.-domiciled leading private equity firm in Emerging Europe, backed by over 40 institutional investors with a capital base of over $570 billion, over $1.1 billion in assets under management, and a tenure of 28 years in the region. The firm is a growth equity investor backing visionary entrepreneurs leading transformational businesses. Horizon Capital is known for its strong team, high governance standards, hands-on value creation, and successful track record. More at www.horizoncapital.com.ua
Miratech is a leading next-generation technology services provider that helps visionaries to change the world by accelerating innovations and technological development. With over 700 employees in 25 countries, Miratech provides IT and consulting services that bring together global enterprise digital transformation and startup innovation. Since its founding in 1989, Miratech has been a trusted partner for large and mid-size clients. We stay at the leading edge of technology, remain nimble even as a global leader, and create technology that helps our clients further enhance their business. Our culture of Relentless Performance enables over 99% of Miratech’s engagements to succeed by meeting or exceeding scope, schedule, and within budget. For additional information about Miratech, please visit www.miratechgroup.com
Tetyana Bega, Investor Relations and Communications Director
E-mail: [email protected]