The Funds’ first investment in telecommunications was made in 1994 in FGI Wireless (which eventually became today’s Vimpelcom, one of Russia’s largest mobile telephony operators). The company was a pioneer in cellular network development in Russia. Since 1994, Baring Vostok funds have invested over $850 million in 30 companies in the internet, software, media, and telecommunications sector.
1C

1C

Leader in accounting software solutions
Location:
Moscow, Russia
Year of initial investments:
2009
Shareholding:
Minority stake

1С company was founded in 1991 and focuses on software development, distribution, publishing and support services. “1С” has a wide partner network of more than 10,000 partners in 600 cities of 25 countries including more than 6,700 companies in “1C: Franchising” network. Most well-known 1C software products are “1C: Enterprise” platform, desktop and educational products. “1C” is an official distributor of more than 100 software vendors.

“1C: Enterprise” software products are widely used on several millions workplaces for improving the efficiency of accounting and management in commercial and government sectors in Russia, Ukraine, Kazakhstan, Belorussia and several other countries.

Other projects

News

17 May 2019

Media Statement.

BVCP statement on ruling by Amur Court of Arbitration.
06 May 2019

Media Statement.

BVCP statement regarding court refusal to change form of detention for Michael Calvey.
29 April 2019

Media Statement.

BVCP statement concerning the rejection of appeal against prolongation of the pre-trial detention.
11 April 2019

Media Statement.

Baring Vostok welcomes the decision to release Michael Calvey to house arrest.
10 April 2019

Media Statement.

BVCP statement regarding pre-trial detention of Ivan Zyuzin, Vagan Abgaryan and Maxim Vladimirov.
10 April 2019

Media Statement.

Baring Vostok welcomes the applications made by the Investigative Committee for Michael Calvey and Alexey Kordichev to be transferred to house arrest, and hopes that the court will give due consideration to the applications.
09 April 2019

Media Statement.

BVCP statement regarding Philippe Delpal’s pre-trial detention.