ICS Holding acquires 100% of shares in Peter-Service JSC (Nexign)

The limited liability company Intellectual Computer Systems Holding (LLC ICS Holding) is the new owner of Nexign.

January 9

Moscow, Russia - 9 January, 2019: The limited liability company Intellectual Computer Systems Holding (LLC ICS Holding) is the new owner of the joint-stock company Peter-Service (branded Nexign). The companies have announced the acquisition by ICS Holding of 100% of shares in Nexign, a transaction approved in advance by the Federal Antimonopoly Service of the Russian Federation.

The priorities of ICS Holding are the development of the digital economy in Russia and support for local IT talent across various business sectors. The acquisition of Nexign, a leading provider of BSS software and services for telecom operators, is the first step towards uniting several major players in the Russian information technology market within a single ecosystem, the ultimate beneficiary of which will be the Russian businessman Anton Cherepennikov.

Nexign will continue to build long-term relationships with customers and partners and support the revenue growth of communications service providers in the era of digital transformation. The development of high-tech products and the provision of reliable services are the foundation of our philosophy. We remain committed to these principles and our strategy of international expansion into the global BSS market along with continued investment to support telecom operators across Russia and the CIS.

In 2019, companies including Citadel, Forpost and Kryptonite will be consolidated under the management of ICS Holding (23 assets in all). These companies, Nexign included, employ a total of more than 6,500 people. Their offices are located in Moscow, St. Petersburg, Yaroslavl, Oryol, Nizhny Novgorod, Novosibirsk and other cities across Russia.

ICS Holding aims to complete all formal assets consolidation procedures in 2019.

 

About ICS Holding

The holding company Intellectual Computer Systems (ICS Holding LLC) was founded in 2018 and is focused on management and investment in the telecom, media and technology market. Among its priorities are the digital transformation of enterprise companies, information security, data storage systems, big data management and analytics, predictive analytics, cryptography and quantum computing, machine learning and artificial neural networks, blockchain technology, Artificial Intelligence (AI) and Internet of Things (IoT).

About Nexign

Nexign (formerly Peter-Service), a leading software and services provider, has been delivering pragmatic, business-driven innovation and change since 1992. As CSPs become digital service providers, Nexign accelerates their transformation through engineering excellence, customised products and services and a relentless focus on their total cost of ownership and revenue stream diversification. Nexign takes pride in a partner-centric mentality with clients that is built on 26 years of gaining trust and delivering on promises and short-term value, while ensuring their investments are future-proof and support long-term growth.

Headquartered in St. Petersburg, Russia, Nexign employs more than 1,800 people in offices throughout Russia & CIS, Southeast Asia, and Middle East & Africa. The company has delivered more than 120 projects across 14 countries and had revenue of $123 million in 2017. You can find more detailed information about the company on the official website. Follow the latest news from Nexign on TwitterFacebook and LinkedIn.