August 31, 2021

Ciklum acquires CN Group from Genesis Capital to expand its European presence

Kulraj Smagh
Our companies share a strong culture of transparency, open communication, and excellence. Like Ciklum, CN is dedicated to empowering both our people and clients to exceed their potential and pursue extraordinary technology solutions in the fast-changing digital economy. Our combined capabilities, values and culture, will allow us to further accelerate our progress towards fulfilling our ambitious goals.
Kulraj Smagh, CEO at Ciklum
Martin Viliš
CN Group was acquired by Genesis Capital from the founders in 2019 in a succession driven MBO. Over the last 2.5 years, Genesis Capital together with the management team led by Michal Širica has achieved outstanding levels of revenue and profitability, increasing both several-fold. We are deeply proud of what has been achieved at CN Group since our investment and wish the team continued success.
Martin Viliš, Partner at Genesis Capital
Michal Širica
CN Group underwent an intense journey of dynamic development over the last 2.5 years, transforming from a founder-based business into a modern and well-diversified IT organisation. This would not have been possible without the support of a strong capital partner we found in Genesis Capital. Becoming part of Ciklum is a natural step in our development and I am looking forward to an even brighter future ahead.
Michal Širica, CEO at CN Group