Ukrainian fund InSoft.Partners exits Indeema and Forbytes, increasing its stake in Inoxoft

Ukrainian investment holding company InSoft.Partners has announced its exit from Indeema and Forbytes, in which it held minority stakes. The company has also increased its stake in Inoxoft. The holding company’s founder and managing partner, Vitalii Gorovyi, shared the news with AIN.

The amount of the deals has not been disclosed. AIN also learned that InSoft.Partners is in the final stages of investing in several real estate properties across various markets.

Vitalii Gorovyi

“From our very first investment in Indeema, we agreed to cooperate on business transformation and several M&A deals with Vakoms and Perfsol. We were busy with these processes for several years, and now that they are complete, we are carrying out our pre-agreed exit. A similar situation occurred with Forbytes. The only difference is that, in this case, acquiring other companies was never an option.”

Gorovyi also noted that InSoft.Partners’ strategy involves working with a smaller number of companies in operational partnerships and gradually transitioning to passive investments.

Indeema CEO Volodymyr Shevchyk said that, following the changes, the company will focus on research and development (R&D), cognitive Internet of Things (IoT), and expanding its global presence. The merger with Vakoms and the acquisition of Perfsol will enable Indeema to grow in the Embedded and AI areas.

According to the company’s CCO, Orest Chaikivskyi, Forbytes plans to develop key services in the areas of data, AI, and custom software development.

About Indeema and Forbytes

• Indeema specializes in Internet of Things (IoT), embedded systems, and artificial intelligence (AI) solution integration for its clients’ businesses. In 2025, Indeema merged with Vakoms and acquired Perfsol.
• Forbytes focuses on providing data analytics and custom software development services to clients primarily in Northern Europe and Israel.

InSoft.Partners has several Ukrainain companies in its portfolio

As of now, the InSoft.Partners portfolio includes three Ukrainian companies:

• Linkup ST, which specializes in UX and digital transformations;
• Inoxoft (custom software development and business automation);
• Noltic (Salesforce consulting and product development).

InSoft.Partners is an investment holding company founded in 2017 by Ukrainian entrepreneur Vitalii Gorovyi. During its operations, the holding company has made 16 investments and two mergers involving three companies each.

Read more: Vitalii Gorovyi transforms InSoft.Partners into a group of companies. Why do he and his business partners need it?