SPD-Ukraine

What SPD-Ukraine does

SPD-Ukraine, commercially known as SPD Technology, is a privately-held IT services and software product development firm founded in 2006 and headquartered in Kyiv, Ukraine, with engineering hubs in Cherkasy and additional offices in London (regional HQ for UK and Western Europe), Larnaca (Cyprus), and Bucharest (Romania). The company serves enterprise customers including PitchBook, Morningstar, Space Needle, Pie Insurance, Poynt, BlackHawk Network, XSPN, and Mogami App, with a vertical focus on regulated industries — fintech, payments, insurance, investment banking, and high-tech — and additional exposure to eCommerce, logistics, healthcare, legal, education, and real estate.

The firm's service portfolio covers application modernization, custom software and mobile/web development, fintech and payment solutions (billing, fraud detection, digital banking, lending, POS, merchant onboarding, Adyen integration), cloud and DevOps, data platforms and analytics, and enterprise automation. Underpinning these is a compliance-first engineering architecture aligned with GDPR, HIPAA, and PCI DSS, and a strategic alliance stack comprising AWS Select Tier Services Partner status, Adyen Implementation Partner status, and Google Cloud utilization. An AI Studio sub-brand delivers AI consulting, generative AI, agentic AI, computer vision, conversational AI, MLOps, and NLP services, with named reference deployments spanning fraud detection on a 140M+ monthly-transaction omnicommerce platform, a custom LLM for children's education, an AI gift assistant tied to a 12.5% conversion lift, and an AI-powered incident management pilot.

Revenue is generated across three streams: professional services for end-to-end software product development, managed services via dedicated development teams for long-term augmentation engagements, and AI Studio consulting and prototyping. Pricing is quote-based and structured as multi-year enterprise contracts. The firm employs approximately 650 professionals, has completed over 470 projects, and reports an 81 NPS, a 4.8/5 Clutch rating, and a 100% Glassdoor recommendation. Ownership is founder-led with co-founder Alex Sadovsky; no parent company, institutional investor, or funding-round disclosures are present in the input data.

Name

SPD-Ukraine

Legal name

SPD Technology

Website

https://spd-ukraine.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

501–1,000 employees

Short description

SPD-Ukraine (operating as SPD Technology) is a Kyiv-based IT services firm with 650 professionals delivering custom software development, dedicated engineering teams, AI services, and fintech/payment solutions to enterprise clients across regulated verticals in the US, UK, and EMEA.

Ownership category

akta.pro rank

Product category

Custom Software Development Services

NAICS

Custom Computer Programming Services (541511), Computer Systems Design and Related Services (54151)

SIC

Services-Computer Programming Services (7371), Services-Computer Integrated Systems Design (7373)

akta.pro industry

PRIMARYBPAEAKAC

Platform Engineering & Internal Developer Platforms (IDP)

Business & Public Services/IT & Digital Services (Managed Services, Systems Integration)/DevOps, Platform Engineering & SRE Services

SECONDARYHDAEANAJ

AI Application Enablement Platforms (Copilot/Agent Frameworks, SDKs)

Hardware, Technology & Telecom/Enterprise Platforms & Databases/Artificial Intelligence Platforms for Enterprise

SECONDARYHDAEAKAI

Developer Experience Platforms for Enterprise (IDEs, CI/CD, Dev Portals)

Hardware, Technology & Telecom/Enterprise Platforms & Databases/Enterprise Application Development Platforms (Low-Code/No-Code & PaaS)

Keywords

• Custom software development
• Fintech payment solutions
• Dedicated development teams
• AI machine learning services
• Cloud DevOps engineering

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Custom Software Development Services: End-to-end software product development services including application modernization, custom software development, mobile and web development, UX/UI design
2. Dedicated Development Teams: Tech talent augmentation providing dedicated development teams for long-term partnerships
3. AI Studio Services: AI consulting, prototyping, and development services including Zero to One, Vibe to Scale, AI Infrastructure Audit, Generative AI, and Agentic AI development

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

SPD-Ukraine is a private, for-profit IT services and consulting company founded in 2006 that builds custom software, fintech and payment solutions, AI/ML and data platforms, and cloud/DevOps systems for enterprise clients, while also providing dedicated engineering teams and an AI Studio offering spanning generative AI, agentic AI, computer vision, NLP, and MLOps services.

Differentiator

Problem solved

Functional benefit

Brands

• AI Studio: AI-native development studio offering services including Zero to One, Vibe to Scale, AI-Powered Infrastructure Audit, Generative AI, Agentic AI, Custom AI, and AI & ML Development.

Products and services

• Custom Software Development End-to-end custom software engineering for enterprise clients, including application modernization, custom software development, mobile app development, web development, and UX/UI design, delivered to organizations across FinTech, Insurance, Investment Banking, Healthcare, Logistics, eCommerce, and other verticals.
• Fintech & Payment Solutions
• AI & Machine Learning Services AI/ML engineering services for enterprise clients covering AI consulting, computer vision, conversational AI, MLOps, NLP, and AI at scale, used by organizations seeking to embed machine learning and intelligent automation into their products and operations.
• Data Platforms & Analytics Data platform and analytics engineering services for enterprise clients, including the design and build of data infrastructure, pipelines, and analytics solutions that support business intelligence and AI/ML workloads.
• Cloud & DevOps Services Cloud, DevOps, and infrastructure engineering services for enterprise clients, delivered with AWS Select Tier and Google Cloud partnership credentials, covering cloud-native development, infrastructure automation, and managed cloud operations.
• Enterprise Automation Enterprise workflow and process automation services for enterprise clients seeking to digitize operations, integrate systems, and reduce manual effort in regulated-industry environments.
• Tech Talent Augmentation (Dedicated Development Teams) Dedicated development team services that provide clients with embedded engineering squads of SPD-Ukraine professionals, used by enterprise and mid-market technology companies to extend in-house capacity across software, data, and AI initiatives.
• AI Studio AI Studio is a dedicated services brand from SPD-Ukraine that delivers AI strategy, prototyping, and production AI/ML engagements for enterprise clients, including generative AI, agentic AI, custom AI, and AI-powered infrastructure audit offerings.

Quantifiable outcome

• 10x boost in software performance through cloud migration
• +5 more outcomes

Named customers9 records

Segments11 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability10 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core and supporting.

• Amazon Web Services (AWS)coreTechnology or IntegrationAWS Select Tier Services Partner status validating cloud delivery expertise. SPD Technology leverages AWS for cloud migration, modernization, and infrastructure services. Deep integration capabilities for building scalable, reliable cloud solutions.
• AdyencoreTechnology or IntegrationAdyen Implementation Partner providing payment gateway development, integration, and processing services. SPD Technology offers Adyen Integration services for fintech and payment solutions including billing software, fraud detection, mobile payments, and digital banking.
• Google CloudsupportingTechnology or IntegrationCloud platform used for migration and modernization projects. Achieved 10x boost in software performance by transitioning investment platforms from on-premise to Google Cloud.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Binariks: Mid-sized Ukrainian IT services company offering custom software development, cloud, and dedicated development teams to enterprise clients in fintech, healthcare, and logistics.
• DataArt: Eastern European-headquartered technology consulting firm focused on custom software development, cloud, data, and payments engineering for enterprise clients in financial services and other regulated industries.
• SoftServe: Ukraine-origin IT services company with comparable digital engineering, cloud, data, and AI/ML service offerings to enterprise clients in regulated industries. Most direct comparable in origin, size band, and vertical mix.
• EPAM Systems: Largest Eastern European-headquartered IT services and custom software development firm. Direct competitor for custom development, dedicated teams, and digital platform engineering engagements with enterprise clients.
• N-iX: Ukrainian IT services company with similar service portfolio — custom software development, dedicated teams, cloud, data, and AI/ML services — competing for the same enterprise client pool in EMEA and North America.
• Ciklum: Global digital solutions company with Ukrainian engineering heritage, offering custom software development, dedicated teams, and product engineering services across fintech, retail, and other verticals.
• Andersen Lab: Ukrainian-rooted IT services company providing custom software development, dedicated teams, and digital transformation services to enterprise clients across financial services, healthcare, and logistics.
• Intellias: Ukraine-based IT services firm providing custom software development, dedicated teams, and digital transformation services to enterprise and ISV clients, with overlapping fintech and automotive focus.

Broad incumbents

• GlobalLogic: Large Hitachi-owned digital engineering services firm with broad global delivery. Overlaps with SPD in custom software development, cloud, and embedded/A.I. services but at meaningfully larger scale and broader vertical reach.
• Accenture: Global consulting and technology services giant. Overlaps with SPD in custom application development, cloud, and AI services for enterprise financial services clients, but operates at vastly larger scale and breadth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/spdukraine
• Facebookfacebook.com/spd.ukraine
• LinkedInlinkedin.com/company/spd-ukraine

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SPD-Ukraine