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Corteos

Company

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Owners:
Rostelecom - 60%

Content

Owners

Korteos LLC specializes in developing software that allows corporate clients to manage business trips.

The company is the developer of Corteos software, with which corporate customers plan business trips. The solution is integrated with booking systems for air and rail tickets, hotels, transfers and other services. In addition to booking interfaces, Corteos includes a wide range of functionality that allows the client to effectively build travel policies, create passenger profiles, perform travel authorization, form reports and contracts, and plan a budget.

History

2023: Rostelecom bought 60% of Korteos

On December 20, 2023, Rostelecom announced the purchase of 60% of Korteos from a private investor, whose name was not disclosed. At the same time, it is noted that the founders of the developer of the platform for automating business tourism retained their shares. Its participants did not disclose the financial terms of the transaction.

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The deal with Corteos is certainly attractive for Rostelecom in terms of effective investments. In the future, it will significantly expand the portfolio of our digital products and services for the corporate market segment, - said Sergey Anokhin, First Vice President and Financial Director of Rostelecom.
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Rostelecom announced the purchase of 60% of Corteos

In turn, the general director of Corteos Dmitry Markin, commenting on Rostelecom's investments, called the latter a "strong strategic partner," which, like Corteos, sees the future of the business solutions market in open platforms.

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We are glad that, having assessed our development strategy, technical level and potential, Rostelecom decided to enter the capital of our company and became a shareholder. The huge base of Rostelecom's corporate clients and its capabilities to interact with leading integrators will create the foundation for the multiple growth of our solution in the coming years, added Markin.
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As noted in Rostelecom, by the end of 2023, more than 7,500 business trips are issued through the platform every day, and in 2023 the total cost of the services issued amounted to more than 30 billion. rubles The main users of the platform are large business, to which Korteos provides the product both in the form of a cloud SaaS solution and in the on-premium format (local installation ON on client computers), including the possibility of purchasing an indefinite license with, open source[1]

Notes