Arenadata Arenadata Software
Since 2015
Russia
Central Federal District of the Russian Federation
Moscow
129085, st. Godovikova d. 9, p. 17
Top managers:
Maxim Pustovoy
Andrei Zhukov
- Founded at the end of 2015
- Arenadata is a Russian developer of a multi-purpose data platform.
- The first Arenadata product, the Arenadata Hadoop distribution, was introduced to the Russian market in early 2017.
- Arenadata is a project of IBS.
Performance indicators
2024: Revenue growth for six months 2.3 times to 2.3 billion rubles
Arenadata Group (Arenadata Group JSC, hereinafter - the Group) on August 27, 2024 reported unaudited consolidated financial results under IFRS for 6 months of 2024.
The Group's revenue for the first 6 months amounted to 2.3 billion rubles, which is 2.3 times higher than last year. This growth dynamics is explained by the effectiveness of the chosen strategy - attracting new ones and increasing sales to current customers along with the development of the functionality of the product portfolio. In addition, the results for the first half of the year confirm the decrease in the influence of the seasonality factor of the business characteristic of Russian B2B developers.
The Group's OIBDA grew to RUB 601 million in the reporting period, compared to RUB 36 million in the 6 months of 2023. High revenue growth rates and effective control over the Group's costs made it possible to reach operating profit in the first half of the year.
The OIBDAC indicator in the first half of 2024 amounted to 574 million rubles, for the same period in 2023 - a loss of 87 million rubles. According to the Group's accounting policy, the majority of development costs are recognized in the financial results of the reporting period.
The break-even point for net profit was reached in the first half of the year, and the total amount of the indicator amounted to 608 million rubles (loss - 75 million rubles for 6 months of 2023).
The ratio of net debt to OIBDA for the previous 12 months (LTM) went into positive territory - 0.07x. The presence of intermediate debt to finance operating activities is due to the pronounced seasonality of the business in the second half of the year. At the date of signing the financial statements, the loan in the amount of 100 million rubles was repaid.
The results of the first half of the year exceeded the company's expectations. The tight work of the commercial function with customers and partners has borne fruit - it was possible to reduce the seasonality factor and more evenly recognize revenue during the year. Large names from the financial, telecommunications and industry sectors have appeared in the client portfolio.
The company is actively developing a new line of cloud products that will provide a flexible data management system with dynamic provisioning in the cloud for business intelligence, Data Science and Machine Learning, as well as for business application applications. Our staff, where more than 70% are IT professionals, is growing steadily and at the end of the half-year is 514 people.
In the struggle for the best personnel in the market and their motivation, for potential mergers and acquisitions and expanding the product offer, the company is seriously considering entering the public capital market in the foreseeable future.
2022: Revenue growth by 38.7% to RUB 2,176 million
At the end of 2022, Arenadata's revenue increased by 38.7% to 2,176 million rubles. In the ranking "TAdviser100: The largest IT companies in Russia 2023," such an indicator allowed the company to take 155 lines (55 lines of the list of applicants for inclusion in the number of the largest IT companies in Russia).
History
2024
Carrying out IPOs
On October 1, 2024, the Arenadata Group announced its initial public offering (IPO). The procedure was carried out at the upper limit of the price range - 95 rubles per share, which corresponds to a market capitalization of 19 billion rubles.
It is noted that the IPO was accompanied by increased interest from institutional and retail investors. Aggregate demand has repeatedly exceeded supply, and about 30 thousand private investors have become shareholders of the company as part of the initial placement.
The offer amounted to 28 million shares from existing shareholders, which corresponds to the total amount of about 2.7 billion rubles at the IPO price, including 2.8 million shares, which can be used to stabilize the price in secondary trading up to 30 days after the start of trading. The total offer was distributed among different categories of investors in the following proportion: 57% to institutional investors, 27% to retail investors and 16% to partners of selling shareholders. According to the results of the IPO and before the end of the stabilization period, the share of free-float shares will amount to 14% of Arenadata's share capital. Selling shareholders will retain a prevailing stake in the group.
 | We conducted an IPO in the face of increased volatility in the stock market and thank all investors who took part in the placement of shares on the stock exchange for their confidence in the Arenadata group. Repeated re-signing at the upper end of the price range once again confirms the attractiveness of the IT sector for investors, and our first IPO in the autumn season opens a window for the following issuers, says Maxim Pustovoy, CEO of Arenadata. |  |
Arenadata shares under the ticker symbol DATA and ISIN RU000A108ZR8 are included in the second level of the listing of the Moscow Exchange; bidding begins on October 1, 2024. Existing shareholders and affiliates have assumed obligations related to the restriction on the disposal of shares within 180 days after the end of the IPO.[1]
Opening of a book of applications as part of an IPO on the Moscow Exchange
PJSC Arenadat Group announced the price range of the initial public offering (hereinafter referred to as the IPO or Offer) of ordinary shares (hereinafter referred to as the Shares), as well as the start of accepting applications from institutional and private investors for participation in the IPO. The company announced this to TAdviser on September 24, 2024.
Preliminary parameters of the Offer:
- The indicative IPO price range is set at RR 85 rubles to RR 95 per Share, which corresponds to the Company's market capitalization in the range of RR 17 billion to RR 19 billion.
- As part of the IPO, 28 million Shares will be offered by existing shareholders (the "Selling Shareholders"), including 2.8 million Shares, which can be used to stabilize the price of Shares in secondary trading up to 30 days after the start of trading.
- After the IPO, the current shareholders will retain the prevailing share in the Company's share capital. They will continue to implement the Group's growth strategy aimed at multiplying the market share of data management and processing systems.
- The IPO price will be set by the Selling Shareholders at the end of the application collection period, which will begin today, September 24, 2024, and will end no later than September 30, 2024.
If the IPO is completed, the Company, the existing shareholders and their affiliates will assume obligations related to the restriction on the disposal of the Shares within 180 days after the end of the IPO. Any exclusion from this obligation is possible provided that the new owners of the Shares assume obligations to comply with the restrictions on the disposal of the Shares, and it will not lead to an increase in the number of Shares in free float within the specified period. - Prior to going public, the Company began registering preferred shares of 2.35% of the target capital for the employee long-term incentive program. Arenadata Group also registers 11.65% of the capital in the form of preferred shares for the planned conversion of the shares of minority participants of operating companies into Shares of PJSC Arenadata Group. This exchange transaction will be economically neutral and the dividend flow of the Group's assets will be able to be consolidated at the parent level. If a decision is made to convert the shares, the minority members will assume no less strict obligations than the Selling Shareholders to restrict the disposal of the Shares from the moment they are received.
- It is expected that the start of trading in Shares under the ticker symbol DATA and ISIN RU000A108ZR8 will begin on October 1, 2024 after the announcement of the offering price. The shares will be included in the second quotation list of securities admitted to trading on the Moscow Exchange.
- The offer is available to Russian qualified and unqualified investors. It will be possible to apply for the acquisition of Shares through leading Russian brokers.
For purposes of determining allocation, it is expected that:
- A retail investor who has submitted more than 10 applications will not receive an allocation.
- The allocation will be determined regardless of the broker through which the IPO participation occurs and regardless of when the application was received during the application collection period.
- The issuer will seek to ensure a balanced allocation between retail and institutional investors.
{{quote 'author=said Maxim Pustovoy, CEO of Arenadata Group. | We are pleased to announce the price range as the next step to go public. Even taking into account the current volatility in the stock market, the Arenadata Group investment case received a wide response from investors during the early marketing period. Current shareholders sell a small share in the Group's equity at a discount to comparable sector companies in IT favour of future growth. And we have all the prerequisites for business development. We are talking about the growth potential of the management and processing systems market, data a team of leading developers with global experience, a wide product line and new projects, the trust of large private and public sector clients and the entrepreneurial spirit in all subsidiaries of the Group. We are interested in open and long-term communications with the investment community and see this as an important component of a truly public company. Even before the launch of the IPO, we were open to the market, talking about our plans and revealing operating and financial results. We have also made significant efforts to bring our business case to the maximum number of investors to make informed decisions. As a Company, we will continue to adhere to the policy of maximum openness and transparency and look forward to the start of a new public phase of Arenadata Group's life,}}
Intention to conduct an initial public offer with a listing on the Moscow Exchange
PJSC Arenadat Group on September 18, 2024 informed TAdviser of its intention to conduct an initial public offering (hereinafter referred to as the IPO or Offer) of ordinary shares (hereinafter referred to as the Shares) listed on the Moscow Exchange.
Preliminary parameters of the Offer:
- The opening of the application book is expected in September 2024. Thus, the Arenadata Group may become the first public company among specialized Russian developers of system software in the field of data management.
- As part of the Offer, existing shareholders will offer their Shares to investors. At the same time, after the IPO, they will retain significant shares in the share capital and will continue to take part in the growth of the Group's business.
- The Company expects the inclusion of Shares in the second quotation list of the Moscow Exchange. As a result of the IPO, the Group's free-float share may be approximately 15%.
- The main objectives of the Proposal are:
- Launch a long-term employee motivation program;
- Increase the brand awareness of the Group, awareness of its field of activity and product portfolio;
- Preparation of a basis for structuring future M&A of transactions, where Shares traded on the exchange can act as a means of payment;
- Strengthening the corporate structure of the Group with a focus on the best Russian and world practices.
- Before the IPO, the Company approved a long-term staff motivation program with the transfer of shares in 2026. For this program, registration of preferred shares in the amount of 2.35% of the target capital began. In addition, the Arenadata Group plans to carry out an equivalent exchange of shares of minority participants in operating companies for Shares of PJSC Arenadata Group. To do this, the Company also issues preferred shares in the amount of 11.65% of capital. The exchange operation will be economically neutral. Preferred shares will be issued in favor of a specially created operator of the option program and are not planned to be traded in organized trading until they are converted into ordinary shares.
- The Company and existing shareholders will assume obligations related to the limitation of the disposal of Arenadata Group Shares within 180 days of the end of the IPO.
- The offer will be available for Russian qualified and unqualified investors - individuals, as well as for Russian institutional investors. It will be possible to apply for the acquisition of Shares through leading Russian brokers.
- As part of the IPO, a stabilization mechanism will be structured for a period of 30 days after the start of trading.
{{quote 'author=said Maxim Pustovoy, CEO of Arenadata Group. | Since the creation of the first product in 2017, the Company immediately announced itself in the global community of developers and quickly increased its expertise in the most promising data technologies. We grew not only organically, but also through the joining of new technical teams and the creation of joint ventures, thanks to which we formed the largest product portfolio in the Russian market of data management and processing systems. Arenadata Group's business is growing at a rate of more than 50% per year. Our growth is favored by the current market situation - the exponential growth of the information created and the departure of foreign vendors from the Russian market. We plan not only to maintain positions in our market segments, but also to enter new niches, expand the product portfolio, strengthen partnerships, expand the customer base and deepen cooperation with current customers. The Arenadata Group has already established itself in the IT market, and we are ready for a new stage - entering the Moscow Exchange and obtaining the status of a public company. Our team is confident that the Group's IPO will become a motivating factor for employees, will allow attracting promising startups in the future and will increase brand awareness among customers, partners and applicants. We invite investors to become part of not only a growing, but also a profitable story with tremendous development potential,}}
Tadviser interview with Director of Strategic Development Sergey Zolotarev
In May 2024, Sergei Zolotarev, co-founder and director of strategic development at Arenadata, spoke in an interview with TAdviser about the results of 2023. Read more here.
TAdviser interview with consulting director Anton Balagaev
On questions of TAdviser of why the B2B-segment as it is helped with this direction by developers of system software comes to RuNet more and more active and why the cloud platform of data becomes the main direction of development of the industry, in April, 2024 Anton Balagayev, the director of consulting of Arenadata told. Read more here.
TAdviser interview with commercial director Andrei Zhukov
Andrei Zhukov, commercial director of Arenadata, answered TAdviser's questions in March 2024 about the peculiarities of data markets in the CIS and the tasks of local companies that they are trying to solve using Big Data tools. Read more here.
2023
2nd place in the TAdviser rating "The largest DBMS developers in Russia"
Arenadata ranked 2nd in the ranking of the largest DBMS developers in Russia prepared by TAdviser in October 2024 based on the companies' revenue from the implementation/delivery of their own DBMS in 2023. Read more here.
Adding Solutions to the Cloud T1 Cloud
Provider cloudy services T1 Cloud (part of the Holding) T1 has supplemented the portfolio of non-import-dependent services from the cloud by providing access to solutions from data management Russian the Arenadata vendor ON. This opens up opportunities for customers to work big data with technology-based with, open source reducing computing infrastructure costs. Arenadata announced this on December 12, 2023. More. here
Obtaining FSTEC licenses
Arenadata on June 9, 2023 announced the receipt of a license from the Federal Service for Technical and Export Control (FSTEC) of the Russian Federation for the development and production of means of protecting confidential information and activities for the technical protection of confidential information. The licenses were granted indefinitely by order of the FSTEC No. 206-l dated May 31, 2023.
According to the obtained licenses of FSTEC, Arenadata has the right to develop and produce secure software (software and hardware) processing tools, as well as provide technical support for means of protecting confidential information.
{{quote 'Obtaining FSTEC licenses is an important step for Arenadata. From the very beginning, our company worked to ensure that its products were in no way inferior to foreign solutions, including safety and reliability. FSTEC licenses clearly demonstrate that we are moving in the right direction, and our products meet the most stringent requirements for the development of information protection tools and technical protection of confidential information, "said Maxim Pustovoy, CEO of Arenadata. }}
Global data trends and best practices for building data warehouses based on Russian software
The vendor's leading position in the IT market is determined not only by the technological excellence of the product portfolio, the size of the partner network and the quality of technical support. Global IT leaders have trained our companies to the fact that the vendor is also the carrier of a technological "philosophy" that helps customers confidently chart a course of effective development in a turbulent sea of geopolitical and market challenges. It was in this vein that the Big Data of a Big Country conference was held, which was organized by Arenadata. Read more here.
Entry into the world rating of PostgreSQL DBMS developers
Three at once Russian companies entered the world rating of developers DBMS with, open source PostgreSQL prepared and published at the end of March 2023 by the company: EDB these are Postgres Professional, "Contour" and Arenadata. More. here
Appointment of Maxim Pustovoy as CEO of Arenadata
On January 31, 2023, the Russian company Arenadata announced to TAdviser the appointment of a general director Maxim Pustovoy. In this post, he replaced the founder and managing partner of Arenadata Sergey Zolotarev, who will remain in the company as director of strategic development and will concentrate on technological growth, including overseeing the processes of creating new products and services. Read more here.
2022
10th place in the TAdviser rating "The largest suppliers of their own IT solutions from the register of domestic software"
Arenadata is included in the#.D0.9A.D1.80.D1.83.D0.BF.D0.BD.D0.B5.D0.B9.D1.88.D0.B8.D0.B5_.D0.BF.D0.BE.D1.81.D1.82.D0.B0.D0.B2.D1.89.D0.B8.D0.BA.D0.B8_.D1.81.D0.BE.D0.B1.D1.81.D1.82.D0.B2.D0.B5.D0.BD.D0.BD.D1.8B.D1.85_.D0.98.D0.A2-.D1.80.D0.B5.D1.88.D0.B5.D0.BD.D0.B8.D0.B9_.D0.B8.D0.B7_.D1.80.D0.B5.D0.B5.D1.81.D1.82.D1.80.D0.B0_.D0.BE.D1.82.D0.B5.D1.87.D0.B5.D1.81.D1.82.D0.B2.D0.B5.D0.BD.D0.BD.D0.BE.D0.B3.D0.BE_.D0.9F.D0.9E rating "The largest suppliers of their own IT solutions from the register of domestic software," prepared by TAdviser in September 2023 based on the companies' revenue from the implementation of implementation projects and the supply of their own solutions from the register of domestic software for 2022.
First place in the contribution to the development of the Greenplum open source project
On September 5, 2023, Arenadata announced that it took first place in the world in terms of contribution to the development of the core of the project with the source code Greenplum open in 2022 among the international community (community) of developers. According to the results of a study conducted by analysts the company, the share of PR (Pull Request, approved requests for adoption of changes) in Greenplum by Arenadata is 44% of all submitted. In second place is the Chinese technological conglomerate (15 Alibaba %).
Arenadata's analytics were based on research on open information from GitHub and LinkedIn. The accounts payable profiles were reviewed and compared with the companies they represented. In some cases, it was possible to establish only the geographical affiliation of the author of a particular PR.
Arenadata is not the first to lead in the number of PRs in Greenplum: the company took first place among world indemnities in 2021, but then the ownership of the authors of the changes in the project core was less clear.
Several of the most important PRs included in the Greenplum community by Arenadata developers over the past couple of years can be distinguished:
- Zstandard (ZSTD) is an algorithm for efficient data compression without additional CPU load. The most effective compression algorithm, which as of September 2023 is implemented in Open Source solutions for Big Data. When sequentially reading and writing large amounts of data, this allows you to reduce TCO (total cost of ownership). Arenadata implemented ZSTD support for column tables in Arenadata DB 5 (Enterprise Edition). Later, this update appeared in Greenplum 6.0 (and in Arenadata DB 6, respectively) and became available to the entire community of the Greenplum project.
- The pushdown filter in PXF (Platform Extension Framework) is a framework that allows Greenplum to share data with third-party systems in parallel. Arenadata implemented the pushdown filter in PXF for certain connection formats. Pushdown makes it possible to transfer the calculation process to the side of the data source system. This algorithm made it possible to optimize all stages of the data filtering request. Very significant functionality for Greenplum. Arenadata has implemented many projects with him. In particular, those where the company unloaded data with SAP Hana from Oracle and implemented the concept of a virtual federated layer in which access to numerous external systems occurs through Greenplum. The implementation of the pushdown mechanism made it possible to optimize data filtering in external requests by transferring the calculation process to the side of the data source system.
- Stabilization of Greenplum 6. By a certain coincidence, Greenplum 6 had many problems related to the updated functionality: the updated PostgreSQL 9.4, WAL replication for mirrors, a redesigned cluster expansion mechanism, an updated ORCA with an emphasis on OLTP load, and much more. For example, REPLICATED tables and BITMAP indexes brought a large number of bugs that were fired from customers for a long time. The company's specialists corrected numerous errors and learned in the shortest possible time to quickly solve problems that prevented the normal operation of the product in a specific client case. Arenadata is able to correct critical situations both at the kernel code level of PostgreSQL itself and at the optimizer level. The fact that the company can influence the optimizer speaks of the proper level of team expertise, since the optimizer is the most critical thing in the work of a distributed database. Working with it implies not only working with source code, but also serious use of mathematics and logic.
| | It is important for Arenadata to be part of the Greenplum community and remain involved in the growth of this Open Source technology. By developing our own DBMS based on Greenplum, we are contributing to the development of the open source project. noted Alexander Ermakov, technical director of Arenadata | |
The contribution to the development of Greenplum can be divided into two categories: changes made by the technology mateiner - VMWare Tanzania, and PR from representatives of the international community (community). In this case, statistics are given among independent contributors without taking into account the changes made by WMWare Tanzu.
2021
Revenue - 1,569 million rubles
At the end of 2021, Arenadata's revenue amounted to 1,569 million rubles.
Partnership with Korus Consulting
GC Corus Consulting"," the Russian consulting a company in the field of working with, and data Arenadata, the developer of a multifunctional corporate platform for collecting, storing and processing big data based on open source technologies, Arenadata EDP announced the conclusion of a partnership agreement on August 5, 2021. More. here
Purchase of a stake in Arenadata owner by VTB Fund
The closed mutual investment combined fund Digital Investments under the management of VTB Group acquired a stake in ADS-Holding, which, in turn, owns a controlling stake in the developer of the corporate big data collection and storage platform Arenadata. This was reported on June 22, 2021 to TAdviser at VTB. The size of the share of the Digital Investments fund is 26.33%. The amount of the transaction was not disclosed.
Photo source: arenadata.tech
The strategic goal of Arenadata is to support and develop the direction of open source solutions in the field of big data. The company's revenue for 2020 amounted to 821 million rubles, including VAT.
| | Arenadata is one example of how you can grow a fairly large business from open source software, the demand for which is growing by at least tens of percent per year, if not at times, | |
| | The Arenadata team has extensive experience in translating open source projects into ready-made corporate products. This is one of the most demanded expertise in the global IT industry, which is not yet widespread in Russia. In the Russian market over the past few years, Arenadata solutions have become a kind of industry standard that takes into account large business when building corporate data platforms, noted Deputy President-Chairman of the Board of VTB Bank Vadim Kulik.
| |
ADF-Holding is part of GS INVEST IT-Holding, which is the controlling shareholder of the company. The holding specializes in system integration in the field of complex infrastructure solutions, software development, big data management platforms and artificial intelligence systems, as well as the creation of complex solutions for the financial industry. For June 2021, Arenadata is actively working on entering foreign markets.
| | We plan to invest from the transaction to further develop the Arenadata EDP platform and complementary products. We also aim to acquire product teams and build strategic alliances with companies that work with open source solutions - comments Vasily Belov, CEO of GS INVEST.
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2020: The company's transition from IBS to Sergey Matsotsky
In April 2020, IBS announced that the founders of the company Anatoly Karachinsky and Sergey Matsotsky decided to further develop their businesses on their own. The reorganization plan provides that in April 2020, with the beginning of the new financial year, an independent structure will be allocated from IBS, which will belong to Sergei Matsotsky. It includes the IBS infrastructure division, Budget and Financial Technologies (BFT) and Arenadata. Read more here.
As of November 2020, GS Invest (with a 100% share) was the owner of Arenadata.
Arenadata is engaged analytical in system building, optimization, universal data storage storage construction and migration from traditional DBMS to distributed storage and processing systems based on data MPP (massive DBMS parallel processing) and. Hadoop Among its largest clients are "." X5 Retail Group Gazprom neft
2019: Cloud Platform Development Plan with Mail.Ru Cloud Solutions
On November 11, 2019, the company IBS announced that it had Mail.ru Group jointly agreed on the joint development and implementation of management technologies, big data as well as on long-term cooperation in the field of innovative development and the creation of sustainable technical solutions in the Russian market. Mail.Ru Cloud Solutions (MCS) and Arenadata (a subsidiary of IBS) will jointly develop cloudy a platform that addresses all business challenges in the field storages and processing. data More. here
2018: DIS Group and Arenadata announce partnership
DIS Group, a master distributor of Informatica solutions in Russia and the CIS, and Arenadata, a Russian developer of a multi-purpose data platform, announced in May 2018 the signing of a bilateral agreement on technological cooperation.
Informatica's data management products will be integrated with Arenadata under an OEM agreement and will expand the platform's functionality. DIS Group, in turn, will be able to offer its customers the Russian Arenadata solution, thereby expanding the choice to customers. Based on Informatica solutions, modules for expanding the functionality of the Arenadata platform for loading and controlling data quality, as well as cataloguing data on Hadoop will be implemented.
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