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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Center of Financial Technologies
Leader in software solutions and processing services for financial and credit organizations in Russia and the CIS -
Enforta
Leader in the Russian market of wireless broadband Internet access -
Profi.ru
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Kolesa/Krisha
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AVITO.RU
Online classifieds service -
ER-Telecom
Leading regional telecommunications operator providing consumer broadband and cable TV services -
Проект завершенYANDEX
Russia’s largest Internet company and leading search engine. Fully exited in 2016. -
Проект завершенCTC Media
One of Russia’s largest television stations. Fully exited in 2008 -
Проект завершенGolden Telecom
Leading digital telephone communication operator and Internet access provider in Russia and Ukraine (now a part of Vimpelcom). Fully exited in 2007 -
Sorsdata