Rostelecom gains interest in the share capital of the leading system integrator in IT security
Moscow, Russia – August 31, 2020 – Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), the largest integrated digital service provider in Russia, today announces that it has signed through its subsidiary RTK Information Security a legally binding contract to acquire 49% of shares in ELVIS-PLUS, one of the leading system aggregators and technology vendors in Russia’s IT security market.
ELVIS-PLUS provides a wide range of software development, supply and integration services to protect businesses’ IT systems. The services are based on the company’s proprietary solutions – special software and hardware devices for communication channels protection and network firewalls. Prominent Russian corporate and state organizations including the Russian Federal Tax Service, Bank of Russia and Unified Power Systems are among the company’s clients.
The acquisition will make significant contribution to Rostelecom’s system integration business in the area of information security, as well as the company’s service offerings that help protect clients from cyberattacks.
“The acquisition of ELVIS-PLUS is a major step towards strengthening Rostelecom’s leadership in information security services. Investing in such a large player will significantly upscale our system integration business division for its further transition to a product-as-a-service model. For more than 25 years ELVIS-PLUS has been operating in the market with a very successful track record of projects and solutions. Its strong and experienced team will make a strong contribution to our digital capabilities”.
“Rostelecom’s leadership and deep expertise in information security service will contribute to our market position, and our partnership will support the synergy of competences and joint efforts”.
“Our goal is to be able to provide our clients with information security technologies in three different forms: as products, services and as turnkey projects. We have made significant progress in upscaling our own competences in this area and believe that the partnership with ELVIS-PLUS will be a serious boost to increase our presence in both certain segments, but also across the entire market”.
Further information is available at https://www.company.rt.ru/en/ir/news_calendar/.