Profitero Named IBM Global Entrepreneur Of The Year

IBM named Dublin based Profitero IBM Global Entrepreneur of the Year on Thursday. Profitero makes software that enables companies to understand the pricing strategies of their competitors. Profitero was started by Kanstantsin Chernysh, Dmitry Vysotski and Volodymyr Pigrukh after Mr. Chernysh encountered difficulty obtaining pricing information to help manage e-commerce websites from Belarus. Mr. Vsyostki met Mr. Pigrukh in Dublin after deciding to return to the Irish capital, where he had spent several summers funded by the Chernobyl Children’s Appeal. After completing a Masters in Mathematics in Belarus, Mr. Vysotski obtained a position at IBM in Dublin as a software engineer and met Mr. Pigrukh, who was working for Google in Dublin at the time. Mr. Vsyostki and Mr. Pigrukh decided to quit their jobs and start Profitero subsequent to discussing the topic of competitive pricing analysis with Mr. Chernysh. Speaking of the award, Profitero CEO Volodymyr Pigrukh remarked: “We are honored to be named the IBM Global Entrepreneur of the Year. Our solution is a natural complement to IBM’s smarter commerce strategy. We are looking forward to working with IBM and its network of technical experts, business partners, venture capitalists, academics and clients to capture our share of the smarter commerce opportunity.”