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Files under: Enterprise, News
Posted by: Quintura @ 10:22 [29. 04. 09]
 The largest Russian software vendor 1C Company plans to do a private equity placement, reported business newspaper Kommersant. The company could raise up to $100 million from Russian private equity funds. The investment bank Renaissance Capital is managing the placement, said the newspaper.
1C Company, whose revenues were estimated at over $350 million in 2007, should have been valued at more than $1 billion before the economic recession. Founded in 1991, 1C Company develops and sells integrated Enterprise Application Suite (EAS) package software products. In 1996, 1C Company expanded its business into the game sector and quickly became the leading publisher and distributor of computer and video games in Russia and Eastern Europe. In 2008, 1C Company acquired computer game publisher BUKA.
Headquartered in Moscow, 1C Company has over 700 employees and 10,000 value-added resellers and distributors in 600 cities across Russia and CIS countries. The company is majority owned by its founder Boris Nuraliev.
Tags: 1C Company, Renaissance Capital, russian private equity
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