DE
08/12/2021

Software Mind continues its dynamic growth by acquiring Code Factory

Software Mind is excited to announce its acquisition of Code Factory, a leading software development company in Moldova and Romania. 

With over 200 IT professionals and 15 years’ experience, Code Factory has built a trusted track record supporting FinTech, online sports betting and e-commerce companies throughout Europe and North America. 

Adding Code Factory to our team, already strengthened with the acquisition of ValueLogic last April, further enhances our group with expertise and talents that will enable us to support leading brands across sectors; whether emerging game changers or enterprise-grade players. Increased access to world-class specialists and a larger talent pool, along with an enhanced portfolio of new competences, boosts our ability to scale to our clients’ growth. 

Grzegorz Młynarczyk, CEO of Software Mind, views this acquisition as the latest step of our ambitious strategy to become a global IT partner of choice for game changers who want to ramp up their digital accelerations, deliver disruptive solutions and reimagine the markets they operate in. 

“Code Factory is currently one of the top software development companies in Moldova and Romania. The acquisition of Code Factory shows our strong commitment to tap into the Eastern European market as a nearshore talent pool and base for Software Mind, which will support the dynamic growth of our British, European and North American clients. Adding Code Factory to the group will further increase the scale of our business and enable us to confidently enter new markets with our premium IT services. I believe this is a big step forward for us and I am optimistic about the cooperation with our new partners.” 

Echoing Młynarczyk’s excitement is Code Factory CEO, Ionut Negrescu. “Becoming a part of Software Mind will enable our nearshore teams in Moldova and Romania to take part in cutting-edge projects and engineer disruptive solutions. Our years of expertise augments the Software Mind portfolio and by joining forces, our combined dedicated teams provide the cultural fit, time zone compatibility and technical skills that companies around the world are looking for in their software partner.”

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About Code Factory

Founded in 2004, Code Factory supports organizations with custom software development, QA testing, expert support and long-term maintenance.

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