1C
Leader in accounting software solutions
Projects
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.
- 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
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Skyeng
Online education platform, which specializes in English teaching -
Проект завершенElectro-Com
First operator in the Russian market of telecommunication services providing consumers with access to Internet, telephone and digital television through electric networks. Fully exited in 2012 -
Revo Technologies
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Enforta
Leader in the Russian market of wireless broadband Internet access -
Проект завершенGlobal Telesystems
Telecommunications company, the assets of which were used as a basis for Golden Telecom. Exited in 1999 -
Kolesa/Krisha
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Проект завершенYANDEX
Russia’s largest Internet company and leading search engine. Fully exited in 2016. -
Проект завершенFGI Wireless
Pioneer in cellular communications in Russia. First Russian company to conduct an international IPO in 1996 (as Vimpelcom) -
ER-Telecom
Leading regional telecommunications operator providing consumer broadband and cable TV services -
InfiNet Wireless
Russian developer and producer of broadband wireless access systems for IT infrastructure development