[Tallinn, Estonia; Skopje, North Macedonia] – Modirum, a leading global provider of secure payment solutions, announced today the successful acquisition of Web Factory, a reputable software development company based in Skopje, North Macedonia. The strategic acquisition marks a significant milestone for Modirum, further fuelling its growth and establishing a strong presence in one of the most flourishing IT talent markets in the region.
Web Factory, founded in 2009, has earned a stellar reputation for its innovative end-to-end development services. With a talented team of experienced professionals and a diverse portfolio of successful projects, Web Factory has consistently delivered exceptional results and exceeded client expectations on the US, European and Asian markets. The acquisition will allow Modirum to leverage Web Factory’s expertise, technology stack, and client relationships, driving innovation and strengthening its market position.
By combining forces with Web Factory, Modirum aims to expand its product and service offerings, capitalising on the extensive capabilities and knowledge of the skilled team based in Skopje. The acquisition aligns with Modirum’s long-term growth strategy, focusing on enhancing its presence in key markets and diversifying its portfolio to better serve its global clientele.
“We are thrilled to welcome Web Factory to the Modirum family,” said Jari Heikkinen, CEO of Modirum. “This acquisition not only strengthens our technical capabilities but also allows us to tap into the exceptional talent pool in Skopje. We see tremendous potential in the region and are committed to further investing in the growth and development of the local IT industry.”
“This represents a pivotal moment in our company’s journey. As one of the largest self-funded and domestic IT companies in Macedonia, the joint path with the Modirum will propel our exceptional 14-year track record forward, offering numerous opportunities to harness our shared vision in order to drive growth, success, and innovation in Macedonia and globally. “said Ilija Lalkovski’, CEO of Web Factory.
North Macedonia, recognized as one of the fastest-growing IT hubs in Southeast Europe, offers a rich pool of skilled IT professionals and a supportive business environment. Modirum’s acquisition of Web Factory serves as a testament to its commitment to fostering local talent and leveraging the expertise of the Skopje-based team to drive innovation across the company’s product portfolio.
As part of the acquisition, Modirum will retain all employees of Web Factory and ensure a seamless integration process. Clients of Web Factory can expect business as usual, with the added benefits of enhanced resources and expanded offerings resulting from the collaboration with Modirum.
Modirum is a global leader in secure payment solutions, specialising in providing advanced technology platforms that facilitate secure digital transactions. With a strong presence in over 50 countries worldwide, Modirum delivers cutting-edge payment solutions to clients in various industries, including banking, e-commerce, retail, and telecommunications. The acquisition of Webfactory aligns with Modirum’s strategic vision of expanding its global footprint and offering an even broader range of innovative solutions to its clients.
For more information, please contact:
Chief Market Officer
Phone: +43 664 9771 444