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Beetroot acquires an IT company ONLINICO

December 4, 2019 — Stockholm — Beetroot AB acquires IT company ONLINICO and adds 31 professionals to the Beetroot ecosystem, expanding its overall delivering capacity.

ONLINICO, which develops software solutions for the US and European markets, has been actively supporting the IT industry in the Kremenchuk and Poltava region by holding free meetups for tech professionals in its own educational hub. Already in 2017, ONLINICO started a close collaboration with Beetroot Academy, which has a similar social mission.

“I hope that ONLINICO’s integration with Beetroot will positively affect the Kremenchuk IT community and the city in general,” — says Andriy S’omak, founder of ONLINICO. 

“We are very happy to welcome ONLINICO to Beetroot and look forward to seeing our cooperation evolve in new ways. Relying on our previous experience in Poltava and Ivano-Frankivsk, where the creation of delivery teams successfully followed the opening of Beetroot Academy, we hope to repeat the same scenario in Kremenchuk. This integration will help us strengthen our ecosystem and boost up the delivery of complex projects for our clients”, — says Andreas  Flodström, co-founder and CEO of Beetroot and Beetroot Academy.


About Beetroot AB

Beetroot is a Swedish IT company, founded in 2012, providing IT solutions and building teams of developers and other tech talent in Ukraine. The company has a social mission and goal to create sustainable value for both customers and society.

Beetroot also runs Beetroot Academy, a well-established network of IT schools in Ukraine. Beetroot Academy is today located in 16 cities and has educated approximately 1% of Ukraine’s workforce in IT.

Currently, the Beetroot and Beetroot Academy ecosystem comprises more than 440 specialists in Ukraine and Sweden.

Read more about Beetroot here.


ONLINICO specializes in the development of software products for the US and European markets. The team has profound competence in delivering mobile, back-end, and WordPress solutions for healthcare, financial, and booking spheres.



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