Search for...

Motion Software Gets Acquired by Exadel to Shape a Remote-First Future of Work

acquisition of Motion Software
, ~

 

  • The Bulgarian platform for remote software specialists Motion Software announces its acquisition from Exadel, a global software consultancy and engineering company. 
  • The deal is of undisclosed amount and will enable Exadel to increase its presence across Europe by working with talent in Bulgaria, Romania, and Turkey. 
  • The acquisition of Motion Software will expand the portfolio of remote work opportunities for its employees of and will provide new positions and opportunities across a variety of tech companies. 

 

“Since the start of 2022, we’ve been very actively looking for a new investor who will allow Motion Software as a business and remote workers platform to become a truly global company. I am happy to announce that we found this investor in the face of Exadel – a multinational software consulting company with about 2000 employees, which is headquartered in California, and generates more than $160M in revenue per year,” Christo Peev, CEO of Motion Software, shares for The Recursive

Peev will continue performing his duties as the CEO of Motion Software and keep his focus on bringing innovation through the company’s proprietary Remote Work Platform and expanding its reach around the world. According to him, as part of a more resourceful organization, the existing leadership team would now have a stronger impact on the way they shape The Future of Work together.

“We will be able to leverage the Exadel operations to establish new remote talent locations through our Remote Work Platform and offer an even more diverse pool of international tech talent. It will be a combined effort with the main goal not to disrupt what Motion Software has built so far, but to enhance the capabilities of both teams,” Peev adds.

Remote culture DNA

The story of Motion Software began in 2015 when Christo Peev founded the company as a 100% remote startup. Soon, Peev opened the first office of Motion Software in London, established a separate UX/UI design team, and began servicing fintech clients from all around the UK and Switzerland. In 2020, the company launched its Motion Software Bootcamp initiative by getting into a strategic partnership with the Sofia-based software training academy SoftUni. The company also developed partnerships with Software Group and Progress. Around two years ago, the company also released its own recruitment platform that automates the hiring process and solves administrative challenges for talents and employers. 

Read more:  Bulgarian Payhawk raises a historic $112M Series B round led by an investor in Stripe

Today, Motion Software has around 80 employees and has worked with well-known mid-market and large enterprise clients such as Montway, PubGalaxy, Progress, and LockTrip. The company has specialized in providing clients with a dedicated on-demand team in the fields of blockchain, AI, analytics, healthcare, and eLearning. 

Increasing the opportunities for the software remote workforce

“The acquisition of Motion Software “significantly increases our presence across Europe, adding talent in Bulgaria, Romania, and Turkey. Their remote work platform, designed from the ground up, opens new opportunities for streamlining the matchmaking process for our clients, and a suite of tools that ensure the success and well-being of the remote software specialists on a global scale. I am confident that adding Motion Software capabilities and locations alongside Exadel’s service and solution offerings will create significant value for our diverse talent and clients,” Darren Oberst, CEO of Exadel, comments in a press release. 

Exadel is a global software engineering, business consultancy, and solutions company that has been creating transformative strategies, platforms, and products for more than 20 years. The company is a Forrester-recognized market leader in distributed Agile, and is fully owned by a bigger organization – the equity fund Sun Capital which already has invested more than $14B in hundreds of businesses.

Thank you for reading The Recursive!

Over 1 million people from all over the world have learned about the tech ecosystem in Central and Eastern Europe thanks to The Recursive. In order to keep our content free for everyone, we need your help. If you believe what we do is important and have the means to do so, support us in giving a voice to Central and Eastern Europe with as little as €7. Thank you!

DONATE Keep reading this article

Help us grow the emerging innovation hubs in Southeast Europe

Every single contribution of yours helps us guarantee our independence and sustainable future. With your financial support, we can keep on providing constructive reporting on the developments in the region, give even more global visibility to our ecosystem, and educate the next generation of innovation journalists and content creators.

Find out more about how your donation could help us shape the story of the SEE entrepreneurial ecosystem!

One-time donation

You can also support The Recursive’s mission with a pick-any-amount, one-time donation. 👍

Elena is an Innovation Reporter at The Recursive, an online media dedicated to the emerging tech and startup ecosystems in Southeast Europe. She is keen on sharing the innovation stories that shape the regional ecosystem and has a great interest in fintech, IoT, and biotech startups. Elena is currently finishing her Bachelor's Degree in Business Administration and Political Science at the American University in Bulgaria.
Startups