Ukrainian Software Consortium was established by Ukrainian Venture Capital Firm TECHINVEST in 2003, consolidating over 30 carefully selected Ukrainian software and IT-companies with combined resources of about 1,000 programmers. The primary goal of the Consortium was to establish quality deal flow for VC investments in the Ukrainian IT sector.

During 2003-2004, the Consortium achieved the following:

• In 2003, experts from TECHINVEST, jointly with Market-Visio (Gartner Group), conducted the first internationally recognized Research of the Ukrainian IT-export Industry.
• Experience and projects of the Consortium member-companies were structured into a matrix of 10+ vertical and technology-focused Competence Centers: Banking, Financial Services and Insurance; Telco; GIS and Remote Sensing; Information Security; Legacy Applications; Video Games and Multimedia; Internet Solutions; Transportation; Healthcare; Education; Systems and Microelectronics; SAP; Java, .Net.
• In 2004, a market research of the Consortium member-companies’ competitiveness on the US outsourcing market was conducted. This research was managed by the Consortium representative office in Silicon Valley.
• In 2003 and 2004, Ukrainian Software Consortium was represented at CeBIT (Hannover, Germany), the leading international IT event.
• In November 2003, with support of the Embassy of Ukraine in the USA, the Consortium organized the Ukrainian-American IT-Forum. The goals of the IT-forum were to demonstrate the existing potential, features, benefits and actual achievements of the US-Ukrainian cooperation in the IT sector.
• Pilot IT outsourcing projects were successfully implemented for US, EU and Israeli clients. Cooperation with IBM and portfolio companies of major international venture funds was established.

In 2004, selected members of the Consortium with 10+ years experience in IT sphere were purchased by United Software Corporation, an international IT services and technologies provider.

For further United Software Corporation USC offers a range of services for its global customers in two areas:

• Contract R&D services
• Establishing and running Dedicated Development Centers for international clients