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's activity report 2022

Artelogic LLC was established on 28.12.2020 and started its economic activities the following year.

Artelogic is an international software development company, with development centers and most of our staff located in Ukraine and the EU. Currently, we have more than 70 employees, most of whom are located all over Ukraine and the European Union (some of our Ukrainian employees were forced to relocate due to recent events in the country).

We offer a variety of technology-related services, such as complete software product development, creation of dedicated development teams, and consulting services in business analysis, design, project management, etc. Despite the wide range of services, currently most of our revenues come from subcontracting services (end-to-end product development) and subcontracting services (specialized teams). We have clients all over the world (USA, Canada, Israel, and the United Kingdom), but most of our clients are located in the EU, especially in Germany.

Over the years of our company's operation, we have received numerous awards and recognitions, including being recognized several times as a Top

Software Development Company according to Clutch and The Manifest; one of four Laravel certified companies in Ukraine; in 2022, despite the war, our own product Snaplore became the winner of the prestigious Vega Digital Award competition and many other recognitions.

We are guided by three simple company values:

Customer success. We prioritize our clients' goals and requirements and tailor all our approaches to primarily contribute to their success.

Transparency. We believe that there is nothing more important for trust relationships than honesty and transparency, regardless of the circumstances.

Respect. Working on ambitious projects in a complex and sometimes tense environment, respect is what drives how we always treat each other.

Given the high competition in the labor market where we operate, most of our investments are currently directed towards people's well-being – compensation packages, bonuses, covering office space costs, health insurance, payroll costs, etc. In the future, it is expected that these types of people investments will likely increase as our Ukrainian team deals with the aftermath of the war and some employees are forced to relocate. Due to these events, we also plan to accelerate our presence in the EU and open another development center block.

In 2023, we also plan to geographically diversify our business activities, hire more employees outside Ukraine, open a development center in the EU, and end the year with at least 100+ people in the company. We also plan to invest more in our product development activities to reduce our revenue dependence on client projects.