Israeli-owned technology company BrainRocket appears to be moving towards a complete shutdown of its operations in Cyprus, bringing to an end a presence that has been a prominent feature of Limassol's technology sector for almost a decade.
The first major wave of departures took place in the summer of 2025, when the company decided to transfer a substantial part of its operations to Spain and relocate a significant number of employees.
A year later, for a variety of reasons, BrainRocket now appears to have decided to close its Cyprus operations entirely. Information available to Politis suggests that only a small number of employees will remain in companies operating under the wider Soft2Bet group or in businesses linked to the same owner.
Offices already closed
Over the past month, BrainRocket has closed all of its offices and other leased facilities in Limassol, including premises at at least two separate locations. Company signage has also been removed.
At the same time, employees who remained with the company were instructed to work remotely until further notice. Most were also offered relocation packages to move to Spain or to other locations where the company maintains offices.
The same approach was adopted last year when hundreds of employees were offered transfers to Spain under what sources described as highly attractive relocation packages, primarily targeting foreign workers.
What happened in 2025?
A year ago, reports of a possible departure from Limassol prompted claims that, following intervention by President Nikos Christodoulides, the company would remain in Cyprus and avoid job losses. Similar assurances were also echoed by the Cyprus Chamber of Commerce and Industry (Keve).
However, developments over the past year suggest that any such efforts failed to reverse the company's long-term plans.
The reality that emerged was very different.
In the summer of 2025, BrainRocket employed around 1,500 people in Limassol. According to information available at the time, more than 1,000 employees were affected by the transfer of operations.
Hundreds were offered relocation opportunities, mainly to Valencia, with the company providing attractive relocation packages.
A significant number of workers, particularly foreign employees, accepted the offer and left Cyprus.
Meanwhile, many of those who chose to remain in Limassol were absorbed by other technology companies and forex firms, where demand remains strong for similar specialised skills and professional experience.
Strong presence in Limassol
BrainRocket, which has Israeli ownership, operated in Limassol for approximately 10 years and provides services including software development, game development and online payment solutions.
The company's presence in the city was highly visible, not only because of its large workforce but also due to the extensive office space it occupied and the hundreds of corporate vehicles associated with its operations.
