Margelo vs SoftServe

Callstack Acquires Margelo for Over $20M

Polish software company Callstack is acquiring Vienna-based engineering firm Margelo in a deal valuing the latter at more than €20 million. Both companies specialize in React Native, a cross-platform framework for building mobile apps. Margelo is known for its open-source libraries (VisionCamera, react-native-mmkv, Nitro Modules) and contract development for clients like Discord, Coinbase, and Expensify. Callstack, founded in 2016, employs over 200 people and serves enterprise clients. The acquisition aims to expand Callstack's technology portfolio and support international growth. Founder Marc Rousavy will stay on and retain a significant stake. The deal follows a recent growth investment from Viking Global Investors that valued Callstack at around €120 million.

• Callstack is acquiring Margelo for a valuation exceeding €20 million.
• Margelo is known for open-source React Native libraries with over 420 million total npm downloads.
• Marc Rousavy will remain with the combined company as a significant shareholder.

Polish Callstack Acquires Vienna-Based React Native Firm Margelo

Polish software consultancy Callstack has acquired Vienna-based engineering firm Margelo in a transaction valuing Margelo at more than €20 million. Margelo is known for open-source React Native libraries such as Nitro Modules, VisionCamera, and react-native-mmkv, and lists Discord, Coinbase, Expensify, and VSCO as clients. Callstack, founded in 2016 in Wrocław, employs more than 200 people and serves over 100 enterprise customers. Margelo founder Marc Rousavy will remain on board and continue developing the libraries. The companies say AI is shifting software development toward architecture, performance, and secure releases. Callstack previously received a growth investment from Viking Global Investors in summer 2025, which valued the company at roughly €120 million. No closing date or regulatory approval details were disclosed.

• Callstack is acquiring Margelo, valuing the Vienna-based firm at over €20 million.
• Margelo's open-source libraries include Nitro Modules, VisionCamera, and react-native-mmkv.
• Margelo has about 39 senior developers and lists Discord, Coinbase, Expensify, and VSCO as clients.

BOOKR Kids Raises €6.1M Series A; Callstack Acquires Margelo

Budapest-based educational technology company BOOKR Kids has secured €6.1 million in a Series A funding round led by TCEE Fund IV, advised by 3TS Capital Partners. The capital will support international expansion of its digital language-learning library and AI-enabled teacher tools. Concurrently, Polish software developer Callstack has acquired Vienna-based mobile engineering firm Margelo, a specialist in React Native open-source libraries, in a deal valuing Margelo at over €20 million. Founder Marc Rousavy will remain with Callstack to drive mobile technology developments.

• BOOKR Kids secured €6.1 million in a Series A round led by TCEE Fund IV.
• BOOKR Kids reports revenues of approximately $2.7 million for 2025 and is EBITDA-positive.
• Polish software development company Callstack acquired Vienna-based mobile engineering firm Margelo.

SoftServe Appoints Andriy Stytsyuk as Chief Executive Officer

SoftServe announces appointment of Andriy Stytsyuk as CEO, effective immediately. Also, the company acquires NewVision Software, adds India-based expertise, and establishes local presence in Saudi Arabia.

SoftServe Launches Saudi Arabia Entity for AI Innovation

SoftServe, an AI and technology services company, announced the official launch of a new entity in Saudi Arabia, operating from Riyadh. This expansion marks a significant milestone in its commitment to the Middle East region and increases its global presence to 54 offices in 17 countries. The company aims to bring enterprise-grade AI capabilities and digital transformation expertise to regional organizations, offering onsite responsiveness and localized solutions. The expansion aligns with Saudi Vision 2030, with SoftServe committing to cultivate local talent and support sovereign AI development. This follows SoftServe's acquisition of India-based NewVision Software, marking its first formal expansion into the Middle East market.

• SoftServe officially launched a new entity in Saudi Arabia, based in Riyadh.
• The expansion brings SoftServe's global presence to 54 offices in 17 countries.
• The entity aims to deliver enterprise-grade AI and digital transformation services to Saudi organizations.

EHI Study: Agentic Commerce Becomes Strategic Retail Priority

According to an EHI study commissioned by Softserve, agentic commerce is evolving into a strategic topic for the retail sector. The study reveals that approximately 60% of retail companies are engaging with AI systems that autonomously execute or control purchasing or trading processes. Over 11% already use concrete applications, while 40% currently see no use case in their own business. Key challenges include data quality and a lack of skilled personnel, with only 39.2% rating their data as good and only about 20% feeling adequately staffed. Investments are expected to increase significantly over the next five to ten years. The study also highlights that online retail is expected to be most affected, with 85.8% of participants anticipating a strong impact within five years.

• Around 60% of retail companies are dealing with AI systems for autonomous commerce processes.
• Over 11% of companies already use concrete agentic commerce applications.
• 40% of surveyed companies see no current use of agentic commerce in their business.