One of the largest Ukrainian IT companies, Intellias, has announced the acquisition of C2 Solutions, which specializes in digital medicine and the development of technologies for medical equipment.
Founded in 2010, C2 Solutions offers services in development & integration, information architecture & data insights, and firmware & software engineering. With more than 80% of its clients working with C2 for more than 10 years, the company is well known for its digital health and medical devices technology capabilities. C2 has appeared on the Minneapolis/St. Paul Business Journal’s “Fast 50” list that ranked it among Minnesota’s fastest growing companies. 
The team of 62 employees from C2 Solutions will be integrated into Intellias' organizational structure. The acquisition will help Intellias strengthen its presence in the US market and deepen its expertise in digital medicine and the development of medical equipment technologies, according to the press release. Additionally, it will increase the number of active projects in the company, allowing Intellias to hire more specialists both in Ukraine and abroad.
The value of the deal is not disclosed. "C2 Solutions could easily cost between $15 to $20 million," estimated Vitaliy Horovyi, founder of the investment company InSoft Partners. Intellias declined to comment on these estimates.
"Our goal is to support our clients around the world with the technical expertise and deep industry knowledge that allow us to take on and implement projects of any complexity and size. Strategic M&A plays a pivotal role in reaching that goal, as we continue to build on our track-record of robust organic growth," said Michael Puzrakov, co-founder and Executive Chair of Intellias
This is the second strategic acquisition completed by Intellias. In September 2022, the company acquired Digitally Inspired, a UK-based IT services provider focused on product engineering in retail and eCommerce. 
