Systematics group of companies

The Systematics Group of Companies (Group of company Systematica) is one of the Russian IT companies, has a diversified portfolio of competencies and practices of IT services and solutions from consulting and implementing business applications to building an IT infrastructure. The Systematics Group is part of the NCC holding .

The combined structure of the Group of company Systematica is more than 1200 employees, about 100 partner contracts with manufacturers of IT, computer and telecommunications equipment and, ON more than 2000 clients in different industry segments, the 24x7x365 service center and more than 2000 partners in 85 regions. of the Russian Federation Representative offices of the Group are located in,,, To Moscow,, St. Petersburg,, Yekaterinburg,, Krasnoyarsk Novosibirsk Kursk Shue, and in Krasnodar Belgorod Khabarovsk Kazan the cities Tambov of the CIS countries (,). Yerevan To Alma-Ata

Aktivs

As of December 2021, the multidisciplinary IT holding Group of company Systematica (JSC Systematics Group) unites 11 independent companies.

The Systematics group includes:

• "Systematics" - in the field and ITintegrator outsourcing support of large infrastructure projects. Experience in implementing the largest geographically distributed IT projects of a federal scale.
• Systematics Consulting"" (formerly "Internet factory," a provider of complex services in the web technology market, acquired in January 2013) - Development, implementation and support of federal and regional automated government systems, corporate portals, and integration platforms. The company is the developer of the SiTex tool platform, on the basis of which more than 25 regions are automated. RUSSIAN FEDERATION
• Step Logic - Network and system integration in large-scale high-tech projects of any level of complexity.
• Landata - Distribution of high-tech network, telecommunications, peripheral and computer equipment.
• Trusted Environment is a Russian developer of the Triaflai software platform of the Business Intelligence (BI) class. The company's activities are focused on developing the platform, creating applied solutions for data analysis, decision support, situational management and planning.
• Tops BI - a system integrator, the implementation of complex distributed projects for the implementation of IT systems
• Ensys Technologies - System integration in Russian automation, telecommunications and energy saving markets.
• PCT Invent is a domestic manufacturer of RFID tags and equipment, a developer and integrator of RFID solutions. Joint project innovative enterprise of the Systematics Group of Companies with OJSC Rusnano.
• HeadPoint is a manufacturer of software for geographically distributed video surveillance systems, security systems and monitoring systems.
• Lanmax - deliveries of high-tech equipment in the Russian Federation and in the countries of the Customs Union.

Performance indicators

History

2022

A new holding structure will be built on the basis of NCC, Rusbitekha and the Systematics group

As TAdviser found out, in July 2022, Pavel Kabankov was appointed general director of the National Computer Corporation (NCC) and the Systematics group, which is part of it, while retaining the position of general director of Rusbitekh. Read more here

Co-owner of NCC and the Systematics group Yevgeny Lachkov confirmed to TAdviser the appointment of Kabankov and added that the holding is being restructured.

In the holding, according to him, there will be large-scale changes, a number of transactions on the merger of assets within will be carried out. In the new conditions, a new business structure is needed that will meet the demands of time, Lachkov added. For example, the direction of own development will be strengthened.

The holding is changing generations, the old management is leaving, young people are coming to its place, "Yevgeny Lachkov told TAdviser.

On May 23, 2022, Denis Frolov became the owner of 80% of the National Computer Corporation (NCC).

2021

Termination of the conflict over NCC and Aquarius Group of Companies

Shareholders of the National Computer Corporation (NCC) Alexander Kalinin, Leonid Goldenberg, Evgeny Lachkov and Chairman of the Board of Directors of Aquarius Group Aleksei Kalinin announced the termination of the conflict over NCC and Aquarius Group of Companies. The Group of company Systematica announced this to TAdviser on December 22, 2021. Read more here.

Bringing Cloud Provider "Облако.ру" to Market

Group of company Systematica (Systematics Group JSC) on October 26, 2021 announced its entry into the market cloudy provider. " Облако.ру The company offers a full range of services -,, and IaaS. SaaS PaaS More. here

2020

Agreement with KUKA Russia to implement complex solutions based on industrial robots

Groups of company Systematica (Systematics Group JSC) and KUKA Russia have signed an agreement on cooperation and the development of long-term partnerships for the introduction of comprehensive solutions for the digitalization of enterprises based on industrial robots KUKA, which the company announced on December 24, 2020.

The parties see prospects for cooperation due to the fact that the industrial robot market in Russia is in the stage of dynamic growth, the process of active modernization of production is underway, and the demand for robotic systems is growing annually by an average of 20%.

Cooperation involves the preparation of integration projects, joint promotion in the industrial robotics market, the organization and conduct of joint events to promote industrial KUKA robots in the markets of Russia and the CIS.

As part of the GKS business expansion plans, we began to develop the direction of introducing robotic production complexes combined with IT systems of industrial enterprises, and set ourselves the goal of becoming a digital integrator# 1 in Russia. By concluding an agreement with KUKA Russia, we expect to become the company's leading partner in terms of the number of robots supplied. As of December 2020, we have already assembled a team of professionals with experience in introducing similar solutions, and we are preparing for the implementation of a number of projects, - said Evgeny Lachkov, Senior Vice President of the Group of company Systematica.

Combining the competencies of KUKA as a representative of the industrial robotics market and Group of company Systematica as a provider of IT solutions and services with experience working with customers from various industries is an important step for the development of the industrial sector in Russia and the CIS. The partnership of the two companies provides an opportunity to offer industrial enterprises comprehensive solutions aimed at accelerating the production cycle and increasing the efficiency of business processes, which will allow them to move to a different level of automation and digitalization.

Change in the composition of the group of companies

As of December 2020, Consyst Business Group, Sciener and TOPS Consulting are no longer part of the combined Group of company Systematica structure.

Cooperation with Omnik and Aquarius in order to develop contactless self-service systems for buyers in the Russian Federation

On November 2, 2020, the Systematics company announced that, together with OMNIK and Aquarius (Systematics and Aquarius are part of the National Computer Corporation), they announced cooperation in the development of contactless self-service systems for buyers in the Russian Federation in order to import substitution of these products.

As a result of the creation of the consortium, a synergistic effect will be obtained by combining competencies covering all stages of the implementation of self-service products: from the design and design of equipment (post office), testing business models, development of electronic components, production, logistics and technical support.

The company "Systematics" has many years of experience and competence in the implementation of large-scale infrastructure IT projects and informatization of state authorities, the company "OMNIK" has experience in the development and implementation of innovative products in the field of self-service in the markets of Russia and the CIS countries, Europe and America. Aquarius is a Russian developer, manufacturer and supplier of computer equipment and IT solutions for government and corporate customers.

Cooperation of companies is aimed at import substitution. At the beginning of November 2020, OMNIK created a post office, which by 65% consists of components from Russian manufacturers, the assembly of which is carried out at a Russian production base. As part of the joint work, the consortium of companies plans to increase this figure to 78%. The original electronic components of OMNIK will be transferred to the production facilities of Aquarius, on the basis of which mass production will be organized.

Group of company Systematica structure

As of October 2020, the Systematics group included:

• Systematics is an IT integrator in the field of outsourcing and support for large infrastructure projects. Experience in implementing the largest geographically distributed IT projects of a federal scale.
• Systematics Consulting(formerly Internet a factory, a provider of comprehensive services in the web technology market, acquired in January 2013) - Development, implementation and support of federal and regional automated government systems, corporate portals, and integration platforms. The company is the developer of the SiTex tool platform, on the basis of which more than 25 regions are automated. RUSSIAN FEDERATION
• Step Logic - Network and system integration in large-scale high-tech projects of any level of complexity.
• Landata - Distribution of high-tech network, telecommunications, peripheral and computer equipment.
• Trusted Environment is a Russian developer of the Triaflai software platform of the Business Intelligence (BI) class. The company's activities are focused on developing the platform, creating applied solutions for data analysis, decision support, situational management and planning.
• Consist Business Group - Unites the leading consulting assets of LANIT Group and Systematics Group. The consolidated experience of Consyst Business Group includes more than 1000 completed projects for more than 700 companies in Russia, the CIS and Europe. "Consyst Business Group" includes TOPS Consulting and Sainer.
• TopS Consulting - part of the Consy st Business Group, develops and implements information business systems. Includes Tops BI
• Tops BI - a system integrator, the implementation of complex distributed projects for the implementation of IT systems
• Seiner - part of the Consyst Business Group, system integrator for power and housing and communal services
• Ensys Technologies - System integration in Russian automation, telecommunications and energy saving markets.
• PCT Invent is a domestic manufacturer of RFID tags and equipment, a developer and integrator of RFID solutions. Joint project innovative enterprise of the Systematics Group of Companies with OJSC Rusnano.
• HeadPoint is a manufacturer of software for geographically distributed video surveillance systems, security systems and monitoring systems.
• Lanmax - deliveries of high-tech equipment in the Russian Federation and in the countries of the Customs Union.

TAdviser interview with the head of the department of national projects Alexander Mavrodiev

In July 2020, in an interview with TAdviserAlexander Mavrodiev, the head of the national projects department at the Group of company Systematica (Systematics Group JSC) spoke about the tasks, solutions and prospects of situation centers in regional public administration. Read more here.

Partnership with TERRA TEH

TERRA TECH JSC, a subsidiary of the Russian Space Systems holding (RKS, part of the ROSCOSMOS State Corporation), and Group of company Systematica (Systematics Group JSC) entered into a cooperation agreement in June 2020. The parties intend to develop joint solutions based on data from remote sensing of the Earth (remote sensing) and modern digital technologies, offering the market and consumers improved integrated products.

The parties will provide customers with a number of high-tech products and services formed on the basis of monitoring products of TERRA TECH JSC, integrated with digital technologies and Group of company Systematica solutions, such as multidimensional data analytics, situational monitoring, mobile control centers, state and information systems, IoT and ERP platforms.

One of the results of combining the potential and competencies of TERRA TECH and Group of company Systematica, the parties see the development of a market for convenient integrated information and analytical systems. The extensive functionality combined with the ease of access via the web interface and customization to meet customer requirements creates favorable prospects for the implementation of such solutions in corporate and government management systems.

TAdviser interview with Vice President Vladimir Shelepov

In April 2020, Vice President of the Group of company Systematica for Strategic Development of the Integrated Security Direction Vladimir Shelepov in an interview with TAdviser told how to protect mass events in a new reality and why, after the subsidence of the security market, it is necessary to prepare for its rapid growth. Read more here.

2019: Inclusion of the Triaflai analytical platform in the Group of company Systematica product portfolio

In 2019, the Triaflai platform was included in the Group of company Systematica product portfolio.

"Triaflai]]" - a the Russian BI platform, a product of the company Trusted environment"," allows you to systematize the collection, processing, analysis, storage and, visualization large amounts of data reporting and decision support based on modeling and forecasting.

2018: Entering the End-to-End Security Market

On September 26, 2018, Group of company Systematica (Systematics Group JSC) announced its entry into the market in the integrated safety segment.

The Group of company Systematica has formed a structural division - the Directorate of Integrated Security Systems, which will develop and implement the most advanced solutions in the field of building security systems.

The Directorate includes a team of specialists and experts in the field of physical security with practical experience in territories of any scale, which solves the tasks of integrated security taking into account industry and other peculiarities in transport, industry, places of mass stay of people; office, retail, hotel and other complexes; facilities of the fuel and energy complex.

The areas of activity of the created unit include an extensive range of work, including the development of a safety concept for buildings and territories, design, implementation, deployment, installation and operation of systems that may include perimeter security, fire protection, anti-terrorist protection, special security technologies, situation monitoring and management centers.

Vladimir Shelepov, who has been working in this area for 20 years, with experience in strategic planning, formation, training and management of professional teams of specialists in the field of integrated security and anti-terrorist protection, interaction with federal executive bodies in planning and conducting large mass, including international events, became the vice-president of the Group of company Systematica for strategic development of the field of integrated security and anti-terrorist protection.

2017

Group of company Systematica in ratings

According to the results of participation in market and industry ratings in 2017, the Group of company Systematica entered the top 3 system integrators of Russia, in the top 5 suppliers of IT solutions for the public sector, in the top 10 companies for the implementation of projects in telecom and banking, and in general in the top 10 largest IT companies in Russia.

System integration, namely the construction of an IT infrastructure, is a key area of ​ ​ activity for the Group of company Systematica. Over 50% of the projects implemented by the group companies for end customers solve the problems of designing and building network, server, telecommunications infrastructure and DSS. Among the group companies, the most profound competencies in this area are STEP LOGIC, Systematics and Ensys Technologies. Complex IoT solutions, mobile control centers, BIM and secure communication systems have become new demanded competencies among Group of company Systematica clients.

The largest projects were implemented by Group of company Systematica specialists in traditional industries for the group: state, telecommunications and financial.

Logo and Branding Update

In the spring of 2017, the Systematics Group of Companies (Group of company Systematica) presented a new logo and corporate identity. The updated brand succinctly and succinctly reflects the scale of the group and meets its needs for business tasks in the IT market. Updating the brand identity was necessary to solve two problems: functional and communicative. From a functional point of view, the visual identity of the Group of company Systematica brand unites all subsidiaries into a single system that transfers the structure of the group, the scale of operations and the corporate nature of the relationship. The new identity helps to effectively build communications on behalf of the management company.

2015

Group of company Systematica and LANIT created a consulting group of companies "Consist Business Group"

Consist Business Group"" was created on the basis of companies, LANIT Consulting"" and TOPS Consulting Sciener LC Europe. The group of companies combines the practices of management consulting, development, implementation and maintenance of IT solutions. The consolidated experience of Consyst Business Group includes more than 1000 implemented projects for more than 700 companies and organizations in the oil and gas, banking, insurance, energy, telecommunications, trade, industrial and public sectors in the territory, Russia CIS countries and. Europe

Moving the Moscow offices of the company to Comcity

On June 4, 2015, the Systematics Group of Companies announced the completion of the move to the class "A" office park Comcity in May 2015. All companies, as part of the Group of company Systematica, are located in one office space.

The movement of the Moscow offices of the Systematics Group of Companies to Comcity was carried out in stages:

• companies STEP LOGIC, Head Point, Landata, Lanmax and TopS BI, celebrated a housewarming party in early 2015;
• The companies "Systematics," "Ensys Technologies" and the managing office of Group of company Systematica completed the move in May 2015.

More than 1700 employees of the Group of company Systematica are located on 5 floors with a total area of ​ ​ more than 17,000 ^m2 with colleagues from the OCS Distribution group and the Aquarius group.

The merger of offices, according to the management of the Group of company Systematica, carries the potential for business development.

"The location on the territory of a single office site allows our employees to interact with each other much more efficiently now by increasing personal contacts and cooperation. Bringing together all the employees of the group provides us with additional opportunities to implement large-scale projects. We are confident that in the near future the leading IT teams will gather in the Comcity office park, and the consolidation of the best specialists will contribute to the development of the country's innovative technologies, "said Andrey Kudryavtsev, Executive Vice President of the Group of company Systematica.

Separate Systematics Consulting into a separate company

The development and promotion of the SiTex tool platform led to the separation in 2015 from the Systematics company of its project business directorate into a separate Systematics Consulting company.

2014: 17.4k sqm office lease at Comcity

On February 27, 2014, it became known that the Systematics Group of Companies (Group of company Systematica) entered into an agreement with PPF Real Estate Russia for the lease of 17.4 thousand square meters. m in the new class "A" Comcity office park. This transaction is one of the largest transactions for the preliminary lease of offices in the facility under construction in recent years. The deal was consulted by Jones Lang LaSalle, an exclusive marketing and leasing agent for the Comcity project.

Comcity is sold on 45 hectares in New Moscow; the territory of the project is located on the first line of the Kyiv highway, 1.8 km from the Moscow Ring Road.

2013

Creating a HeadPoint Company

In 2013, HeadPoint was created, the Russian developer of the InOne IoT platform and integration solutions for digitalization for the financial industry, production, retail and the public sector.

A1 sells its package in "Taxonomy"

In January 2013, it became known that A1, an investment unit of Alfa-Group, closed a deal to sell a stake in the Systematica group of companies. This was reported in a press release from A1. The shares were sold to the group's co-owners. At the time of sale, the share of A1 in Taxonomy could reach 30% or more. The press release said that one of the reasons for the sale of the stake was the termination of the investment cycle.

A1 acquired a block stake in the Systematics group of companies in 2008. Systematics says that during the period of cooperation with A1, the company managed to take a leading position in the IT sector. Thanks to this partnership, Systematics was able to seriously strengthen its position as the leader of the system integration segment in a difficult period of market recovery after the global financial shocks of recent years, says Alexander Kalinin, chairman of the board of directors of the Systematics group.

Consolidation of consulting business "AND Project" and TopS BI

Since 2013, GC "Systematica" under the brand TopS Consulting has united the consulting business of the group of the company "AND Project" and TopS BI with the aim of focusing efforts and resources in the corporate market in the field of consulting. The Systematics Group explained to TAdviser that the consulting practices of these companies have long worked in close contact, jointly created solutions and implemented projects, and their association actually formalized the already existing integration of consulting practices of these companies.

2012

Revenue growth by 73% to RUB 25.3 billion

In June 2013, Taxonomy Group of Companies reported on its 2012 financial performance. Its revenue during this period increased by 73% and reached 25.3 billion rubles. The group told TAdviser it was the highest revenue figure in its history.

A significant contribution to the growth of the group's turnover was made by the company "Step Logic," the merger with which the Group completed in January 2013: without taking into account the indicators of this company, the organic growth of the group's business amounted to 39%.

Almost half of the group's revenue came from system and network integration. It is in it that Step Logic specializes, and thanks to it, this business showed an increase of more than 135% in 2012. Excluding the indicators of Step Logic in this area, the growth was 56%. The company notes that projects in the field of building a data center contributed to a serious increase in the volume of the integration business .

43% of the group's revenue came from project deliveries, and the growth of this direction was 40%. Consulting accounted for 9% of the turnover of the Taxonomy Group of Companies with its growth of 36%.

During the year, the group completed a total of 1,430 projects. The federal public sector in the group's business structure accounted for 36%, regional government agencies - 17%, financial organizations - 11%, fuel and energy complex - 10%, telecom - 7%, industry - 6%.

The company notes that in 2012 the development and implementation of solutions for regional management became a strategically important area of ​ ​ its activities. A focused and integrated approach increased the results of work in this area fivefold. The group's business grew more than four times from the implementation of projects in the financial sector, in the fuel and energy sector - more than twice, in the telecom sector - five times.

Among the new customers of TAdviser, Svyaznoy Bank, BCS Financial Group, National Union of Liability Insurers (NSSO), KP Yaroslavl Region "Electronic Region," "Lenenergo" were brought to the Systematica Group.

The staff of the company increased by 30% and exceeded 2 thousand people in 10 companies that are part of the group, and the company's offices are located in 15 cities of Russia and the CIS.

In 2013, the Systematics Group of Companies planned a much more modest business growth rate - by 8% - and considers this plan as the most conservative. The company explained to TAdviser that to a greater extent this conservatism is due to the standard business cycle.

"The company has grown significantly in 2012, 2013 will be the year of consolidation of the achieved results and development of new directions. We plan to make the most of the company's existing advantages and experience for active development during the stagnation of the IT market, which analysts claim, "representatives of the group of companies told TAdviser

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Creation of RFID production in Leningrad region

In 2012, RST-Invent LLC launched its own production of RFID tags and equipment.

Systematics buys Step Logic

In March 2012, the Federal Antimonopoly Service announced the satisfaction of the application of Systematica to acquire 100% shares in the authorized capital of Step Logic Group Limited Liability Company. This is not the first time that Step Logic shareholders have tried to sell the company. In 2007, the BBC integrator (later renamed Asteros) tried to acquire it, but in 2008 the parties announced that they decided to abandon this idea. In February 2012, we recall that the Cyprus Systematics and another offshore company from the British Virgin Islands, SLG holdings finance limited, had to buy 100% of the authorized capital of Step Logic. The FAS IT Department, having received the conclusion of the federal service unit authorized to control foreign investments, approved this transaction.

2011

Cooperation with JSC Rusnano

In 2011, Rusnano JSC became a Group of company Systematica co-investor in RUTI Inventas, the leader of the RFID market in Russia.

Acquisition of Sainer, exit of Boguslavsky from among shareholders

• On March 1, 2011, it became known that Taxonomy Group of Companies received approval from antimonopoly authorities to acquire 86% of Seiner the company, one of the key SAP integrators in the energy industry. Russia

Vice President of Sitronics Boris Volpe (until mid-2009 he worked as Executive Director of SAP CIS) calls Sainer one of the most advanced companies in the Russian power informatization market. Nevertheless, this market is already quite saturated, and it is difficult for companies operating in a narrow niche (Sainer's key competence is the introduction of the SAP ISU module, which provides billing for energy companies) to independently achieve financial stability, he said.

"Systematics," according to Volpe, will be able to offer Sainer customers other SAP solutions and take over the maintenance of existing installations, "and this is a rather profitable business."

• On November 30, 2011, it became known that the Ru-Net Holdings investment fund, managed by Leonid Boguslavsky, sold its share in Systematics^[1]Boguslavsky will retain his place as chairman of the board of directors of Systematics.

When asked about the buyer of the share and the volume of the transaction, the representative of Boguslavsky refused to answer. According to market participants, about 20% of the group's shares were bought from the fund by other co-owners of Systematics.

In 2008, the controlling shareholder of Systematics Holding NCC sold about 20% of its shares to an investment company A1 owned by "." Alfa Group Experts estimated the amount of that transaction at $60-80 million. Subsequently, the A1 increased its share to 25.4%.

The A1 told CNews that they did not buy shares from Ru-Net Holdings.

2010: Creation of RUTI Inventas LLC

The development of competencies in the field of radio frequency identifications within the framework of the management of the project office of RFID the company "Systematics" became the basis for the creation of the company "."RUTI Inventas

2009: A1 increases its package from 20% to 25%

In the first quarter of 2009, the A1 took advantage of the option to increase its share in the Taxonomy group of companies (GC) from 20% to 25.4%, Alexey Shavrov, managing director of the investment company, told Vedomosti. Shavrov did not disclose the parameters of the transaction, adding only that the exercise of the option was tied to the financial indicators of the IT holding and that A1 does not exclude a further increase in the share.

2008: Takeover of Ensys Technologies and Landata

In 2008, Systematics acquired 86% in Ensys Technologies, also working in the field of power informatization. Ensys is engaged in the creation of automated information and measuring systems for commercial and technical accounting of energy resources, the introduction of energy-saving technologies.

In 2008, the group acquired 100% of telecommunications and computer equipment supplier Landata.

In the summer of 2008, A1 became a co-owner of the Systematics group when its subsidiary Ola Holdings (British Virgin Islands) acquired a 20% stake in Systematics' 100% shareholder, Cyprus-based Systematica Holdings. Thanks to this transaction, the shareholders of Systematics wanted to receive a market valuation of its assets in anticipation of the planned IPO. The participants did not name the amount of the transaction, but sources close to them estimated 20% of the group at $60-70 million, that is, the entire group at $300-350 million. The sellers of the shares were then Jord Group (controlled by the National Computer Corporation, NCC) and Top-S Networks (representing the interests of Ru-Net Holdings, Intel Capital and IFC), whose shares then decreased to 58.4% and 21.6%, respectively.

Shareholder of the group: Cyprus-based Systematica Holdings Ltd. (100%). Its owners (stakes as of December 31, 2008):

• Jord Group Ltd., controlled by NCC (58.4%),
• Top-S Networks Ltd. (21,6%),
• Ola Holdings Ltd. (20%) is a subsidiary of A1 (Alfa Group).

According to the financial statements of the Taxonomy Group for 2008, the total revenue of all group companies for 2008, excluding VAT, amounted to 11,630 million rubles.

2007

Absorption of TopS BI

In 2007, the Systematics Group acquired the TopS BI integrator (engaged in the automation of the document management system in IDGC, the introduction of IP in Mosenergosbyt and other projects).

Creating a Group of Companies

In 2007, as a result of the merger of Systematics, AND Project and TopS BI, the Group of company Systematica (Systematics Group JSC) appeared.

2004: Renaming "Aquarius Date" to "Systematics"

In 2004, Aquarius Date was renamed Systematics. The company's activities focus on the development, implementation and support of complex information systems and infrastructure solutions of federal and regional importance.

2001: Establishing a TopS BI Company

TopS Business Integrator (TopS BI) was formed in 2001 as a result of the restructuring of TopS System Integrator (TopS) and the separation of the distribution business from it.

1997: Creation of AND Project

In 1997, the AND Project company was created, specializing in the creation of business solutions based on information technologies.

1991: Establishing a TopS Company

In 1991, within the framework of TopS, two areas merged - classical distribution and the introduction of information systems for enterprise management and business efficiency improvement.

1988: Creation of Aquarius Date

In 1988, the Aquarius Date company was created. The main areas of the company's activity are the production and supply of computer equipment to corporate customers.

Notes