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Files under: News, Tech
Posted by: Yakov @ 22:28 [2. 10. 08]
The 2nd largest Russian IT service company TechoServ A/S has acquired 74% shares in outsourcing software provider Reksoft from Estonian venture firm Martinson Trigon Venture Partners (MTVP) and the Reksoft management. The management retained the remaining 26% shares in the company. According to the Russian business daily newspaper Vedomosti, the value of the acquisition was [...]
Files under: News, Tech
Posted by: Yakov @ 00:53 [23. 07. 08]
The leading Russian outsourcing software company, Luxoft, acquired the leading Romanian telecoms software outsourcing company, ITC Networks, from the company’s management and financial investors. The acquisition shall create a new leader in software service outsourcing in Eastern Europe with more than 3,000 employees and annual run rate of over $150 million. According to business [...]
Files under: News
Posted by: Yakov @ 13:56 [29. 05. 08]
The London-based Tower Gate Capital together with a Russian hedge fund and New York-based Third Millennium Russia Fund invested $4 million in DataArt, a high-end software outsourcing provider with development centers in Russia and the Ukraine. The company said it would add $2 million to the round in the near future. 11-year old DataArt [...]
Files under: News
Posted by: Yakov @ 14:05 [20. 05. 08]
The private equity groups Renaissance Investment Management and Da Vinci Capital co-led a $50 million investment in EPAM Systems, the largest software development outsourcing services provider in Eastern Europe and Russia. Euroventures of Hungary also participated in the round. The leading Russian investment bank Renaissance Capital acted as a sole advisor on the [...]
Files under: Enterprise, News
Posted by: Yakov @ 08:21 [17. 04. 08]
The private equity firm Da Vinci Capital invested $18 million in EPAM Systems, the Eastern Europe and Russia’s largest software development outsourcing services provider, reported RBC Daily. It is estimated that Da Vinci Capital obtained a 17 percent stake in EPAM that reported revenues of $115 million in 2007.
In 2006, EPAM Systems received $25 million [...]
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