Ukrainian IT company Miratech opens R&D in Toronto and Bangalore

Miratech, a global IT services and consulting provider has recently opened new R&D centers in Toronto, Canada and Bangalore, India. The new centers support the company’s global expansion, as company’s representatives told AIN.Capital. 

• New R&D center in Toronto was opened in August, 2022. Miratech anticipates the new R&D center will initially employ 50 technologists within the first year. The company also offers its Ukrainian employees to relocate to the new office in Canada.
• The Ontario region is well known for its IT talent. Besides, Toronto named as one of the fastest growing markets, and with the IT services market in North America expected to grow to $661 billion in 2026, it makes this the ideal time and location. 

“We are excited about our business expansion to Canada. We greatly appreciate the Canadian people and the government’s support for the people of Ukraine. We see this as a remarkable opportunity to bring our services to Canadian corporations, leveraging the engineering talent we employ in Ukraine, Canada, and around the world,”

commented Valeriy Kutsyy, Miratech CEO

• The other hub in Bangalore was opened the beginning of October. By the end of this year, the team in India will exceed 100 engineers, and it is anticipated that number to grow throughout the year.
• India has one of the fastest-growing talent pools for the IT and Information Technology enabled Services (ITeS) industries and is known for its competitive landscape, agility and excellence, and availability of skilled talent. So the company plans to hire mostly local specialists in Bangalore.

Miratech is a Ukrainian IT service provider, launched in 1989. Up to date the company employs more than 700 specialists, 500 of them are Ukrainians. In 2020, Miratech adopted a RemoteTogether culture based on its commitment to engaging exceptional talent that can be recognized throughout the world. This allowed the company to have a talent pool across 25 countries around the world.

Earlier this year Miratech attracted the US private-equity firm Horizon Capital as a minor shareholder. The amount of the deal was not disclosed.