The private equity firm Baring Vostok Capital Partners (BVCP) has invested some $200 million for a 9% stake in 1C, the leading Russian software company, reported newspaper Vedomosti.
Founded in 1991, 1C reported sales turnover of more than $600 million in 2010. The sales are expected to increase by 20% in 2011. 1C focuses on development, distribution, publishing and support of mass-market software. 1C publishes 1C:Enterprise, the most popular ERP software for small and medium-sized businesses in Russia.
BVCP made an investment in 1C out of Baring Vostok Private Equity Fund IV. The fund previously invested in broadband telecom operator ER-Telecom. BVCP is an investor in Yandex and OZON.ru.
In January 2011, General Atlantic invested $200 million in security software vendor Kaspersky Lab from Russia.
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