Founded in 1992, the Group is a leading provider of IT services in Russia (Source: International Data Corporation (IDC)).
Throughout its 18-year history, the Group has been setting benchmarks in the Russian IT industry - for example by establishing amongst the first SAP and Oracle based Enterprise Resource Planning (ERP) practices in Russia. The Group ranked among Russia’s top IT companies during the last years according to the IDC. The Software Development and the IT Services segments are each one of the market leaders in its sectors in Eastern Europe and Russia, respectively (Source: Global Services Media), and possess strong brands amongst their client base.
Prior to September 2009, the Group operated the business segments IT Services, Software Development and Hardware Manufacturing. In September 2009, the Group sold its Hardware Manufacturing segment Depo Group company. Today, the Group operates two business segments: IT Services and Software Development.
IBS Group employs more than 7,200 people worldwide. According to the preliminary unaudited accounts for financial year 2010, IBS Group reported US GAAP revenues of US$656m.
IBS Group’s Global Depositary Receipts are listed on the Regulated Market (General Standard) at the Frankfurt Stock Exchange (Bloomberg: IBSG:GR; Reuters: IBSGq.DE). IBS Group is majority-owned by management with portfolio investors holding 35% of the Group’s share capital.