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Forkam

Company

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Owners:
Netris - 51%

Owners

Forkam (LLC) provides a set of services aimed at increasing the level of digitalization of the housing and communal services industry.

History

2020: Rostelecom concludes legally binding agreement to acquire 51% stake

Rostelecom"" On July 15, 2020, he announced TAdviser that through his subsidiary JSC "" Not Tris he entered into legally binding agreements on the acquisition of 51% of Forkam LLC, a supplier of software solutions in the field of housing and communal services management (). HOUSING AND PUBLIC UTILITIES

Rostelecom buys control in the supplier of solutions for the digitalization of housing and communal services

The company's key assets are proprietary software for organizing accounting, planning and maintenance of urban infrastructure facilities, monitoring the work of contractors, and inventory of housing and communal services facilities. Rostelecom uses Forkam products as part of a comprehensive solution for building a unified system of telemetric control transport of funds and field teams under a contract with the city's Housing and Communal Services Department. Moscow

Anna Shumeiko, Senior Vice President, Chief of Staff of the President of Rostelecom:

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Rostelecom retains its status in providing comprehensive digital solutions for urban management. Across the country, we are developing smart city projects, which is our long-term strategic priority. In particular, for several years now we have been implementing a major project with the Moscow Government in order to organize a telemetry-based vehicle control system. In this project, Forkam helps us with software products to reconcile the number of services provided, as well as monitor and control the reliability of data. The deal will expand the geography of Forkam's business by using its solutions in similar Rostelecom projects throughout the country.
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