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.
Center of Financial Technologies

Center of Financial Technologies

Leader in software solutions and processing services for financial and credit organizations in Russia and the CIS
Novosibirsk/Moscow, Russia
Year of the first investment:
Size of share holding:
Large minority

CFT is the leading Russian software developer for the financial sector, and one of the top five Russian companies to develop its own software. The company has for some years now enjoyed annual rates of revenue growth well above the market average, at around 30 per cent per year.

CFT is among the leading companies providing software for the investment industries and processing services across Russia and the CIS. Baring Vostok Private Equity Fund III became a shareholder of the company in 2006.

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