Owners
History
2025: Solar bought 90% of Hexway
The group of companies Solar"," part of Rostelecom"," acquired 90% of the startup Hexway, which specializes in creating system solutions for secure development. software The deal is expected to allow Solar to strengthen its position in the rapidly developing segment cyber security and enter a new niche for itself. This became known in August 2025.
According to Forbes, the cost of the acquired share was, according to expert estimates, ₽300 -600 million. Hexway founder and CEO Elena Kudakova retained a 10% stake in the company and will continue to lead the business. Negotiations between the parties lasted four months.
The acquired company is developing the Pentest Suite for penetration testing and system vulnerability detection, as well as the Application Security Posture Management platform for application security management. These solutions allow you to detect security gaps early in the creation of software products, which minimizes the risk of compromise and reduces the time to fix errors.
The founder of the investment company The12 Capital Dmitry Kozlov estimates the value of the entire Hexway business at ₽300 -500 million with a multiple of 2.5-4 of the revenue. Stanislav Kolesnichenko, Managing Partner of Sk Capital, believes that for fast-growing companies in the field of information security, multiples can vary from three to six annual revenues, which gives an estimate of ₽375 -750 million for 100%[1]
Notes
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