Encorp.io and AMBITIONED, both Bulgarian companies, have announced a strategic merger aimed at establishing a leading provider of software solutions. Martin Kuvandzhiev, the founder of Encorp.io, shared the announcement on his Linkedin page.
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AMBITIONED, a Bulgarian company specializing in software development and IT professional training, was established by Ivaylo Kenov in collaboration with the SoftUni team, comprising Dr. Svetlin Nakov, Hristo Tenchev, and Ivan Nenkov.
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With roots in education, the company is driven to excel and dedicated to continually learning new skills, sharing knowledge, and evolving software engineering for the better.
“The unification of our two companies will make us stronger, more stable, and more efficient in software development,” Ivaylo Kenov, former CEO of AMBITIONED, who will now take on the role of Chief Strategy Officer at Encorp.io, said in a comment to the Recursive.
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Encorp.io, founded in 2019 by Martin Kuvandzhiev, Boris Nikolov, and Rosen Santev, specializes in outstaffing and Build-Operate-Transfer (BOT) solutions.
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The company’s goal is to assist fintech and blockchain corporations in scaling their teams with high-quality talent.
