Hearing thousands of success stories every day, reading inspirational biographies of successful businessmen, but how many of them are Ukrainian? Yes, it is true that though many multinational companies emerge out from the lands of the U.S.A and Europe, we haven’t heard much about the success stories of Ukrainian business tycoons. To be honest, how much we do know about their economical growth at all? So, today let’s talk about one of the most successful IT companies in the country, Eleks. Eleks was founded back in 1991 by Oleksiy Skrypnyk and his son Oleksiy Skrypnyk, Jr. The journey of almost three decades has witnessed a roller coaster ride. Today, the company’s headquarters are based on Lviv, Ukraine. Once started as a small team, Eleks today has around 1,500 employees.
What is Eleks?
Founded in 1991, Eleks is a software company that is famous for providing customized software engineering and consulting services. The company has a significant presence in many places outside Ukraine such as Canada, Germany, Poland, United Kingdom, etc. The clients of Eleks are rich in diversity coming from fields like healthcare, finance, entertainment, retail, and many more.
Apart from custom software development, the company also builds and excels in technologies like virtual reality, designing drones, data science, and high-quality research. With time, the company has bagged many prestigious awards as well.
About Oleksiy Skrypnyk, Jr
Though founded by Oleksiy Skrypnyk, Eleks was mainly built and taken over by Oleksiy Skrypnyk, Jr. Born on 8th March 1964; Oleksiy belonged to a family of scholars and researchers. Oleksiy went to Lviv Polytechnic Institute and graduated in 1986 from the Faculty of Electricity. After graduating, Oleksiy was the Engineer of the Central Dispatcher Service followed by Deputy of CDS on ASDC (Lvivenergo).
In 1991, Oleksiy along with his father and mother built the software company ELEKS. For nine years, he was the Technical Director at Eleks followed by becoming the Director and then CEO in 2010. After four years, he resigned from the company and showed interest in a parliamentary election. Apart from political life, Oleksiy shows a high interest in new technologies and entrepreneurship.
Journey of Eleks
Founding Eleks in 1991 was a sign of an independent Ukraine that was going to flourish in every aspect of the upcoming years. Back in those days, common people hardly knew about the internet and how can IT companies bring a big revolution, that is, digitalization. So, Oleksiy built Eleks with the motive to solve the real-world crisis with the application of science and upgraded technology. Little did he know that his products will be used worldwide after a few years from then?
Eleks became famous especially among the over newly independent Soviet states after launching DAKAR, a product to solve the complex power grid. DAKAR helped large power systems to do real-time analysis and provide stability. The product became very famous, especially among Eastern European power companies. Some of the products of Eleks are so flexible that they are still in demand though created twenty-five years from now.
Eventually, the start-up culture started gaining appreciation worldwide and the demand for Eleks’s custom made software increased simultaneously. It started gaining customers from a variety of niche starting from business analytics firms to agriculture. Today, Ukraine is in a position way above from where it started back in the 1990s.
Expansion and Success
Eleks is not only one of the top IT companies in Ukraine but also among the world’s top 100 best outsourcing companies. The area of interest of Eleks keeps on expanding as innovation fuels the spirit of the company and this is one of the best characteristics of the company. Though it is an outsourcing company providing consultancy, building apps, and other software products, the company provides equal attention to R&D.
Eleks’ R&D is the core foundation of their business and probably the main reason why their products are making gigantic success. In 2016, the company said that they are not only experimenting with new technologies but also with the business model. This will help the company offer ideas from R&D as a new service as well. Moreover, every enterprise is unique in its way of dealing with unique clients with needs different from others. So, building a product for the common mass is helpful but only up to a certain level. Creative technology and strategies exclusive to a particular client are what attracts them in the first place.
According to Eleks, responding to the huge diversity of clients with their proper needs is what makes them bigger and better every day. So, the company also chooses to hire employees who have a deep interest in R&D and would invest significant time in new projects.
Awards and Recognition
Some of the biggest awards that Eleks has received are National Winner in the 2017-18 European Business Award, Bronze Stevie Award in 2018 International Business Awards, Top IT Outsourcing Companies in USA & Europe (2019), Top IoT App Development Companies and Developers 2020, etc.
Annasha Dey is an NIT student, who apart from studying engineering is also a content writer. She has a great interest in photography, writing, reading novels, and travelling as well. She is a foodie who loves socializing and hanging out with her friends. She is also a trained Kathak dancer and a big fashion enthusiast. Dey also loves watching TV series, which includes F.R.I.E.N.D.S. and Big Bang Theory. To be a better writer she prefers to read more