IBS InfiniSoft

IBS InfiniSoft is a Russian center for the development of custom systems, products and projects.

Performance indicators

2021: Revenue growth to RUB 10.4 bln

In 2021, IBS InfiniSoft revenue grew by 24% from 8.4 billion to 10.4 billion rubles, profit by 55% from 618 million to 959 million rubles.

History

2022

Joining the Russoft Association

On September 22, 2022, IBS announced that its subsidiary IBS InfiniSoft had joined the Russoft Association, an association of software companies in Russia.

More than 1.5 thousand Luxoft employees transferred to IBS

As TAdviser found out, the Russian Luxoft team, which the global company transferred to the Russian IBS group in April 2022, will operate on the market under the IBS InfiniSoft brand created specifically under it .

According to the Kontur. Focus service, the Russian legal entity Luxoft Professional changed its name to IBS InfiniSoft in May 2022. This model of business integration Luxoft, with the preservation of TIN and OGRN, will allow the company to maintain not only existing contracts, but also established internal business processes. Moreover, IBS InfiniSoft will be an independent business unit.

All companies of the IBS group, including IBS InfiniSoft, are independent in their operating activities and are united by strategic goals and corporate services, - told TAdviser in IBS.

According to the company, more than 1.5 thousand Luxoft specialists have joined IBS - developers, testers, analysts, DevOps engineers, project managers, timlids, architects. IBS did not specify what happened to the rest of the employees of the Russian division of Luxoft, which, according to the Kontur. Focus service, at the beginning of 2022 there were almost 2.9 thousand people.

Luxoft will operate in the market under the IBS InfiniSoft brand. The photo is senior.ua

The company ANO DPO "Luxoft Training" (Luxoft Training) was also transferred to IBS in April, in early June it was renamed the ANO DPO "Training Center Information Business Systems" (IBS Training Center).

At the same time, IBS told TAdviser that the group is still ready to expand its business and accept new employees, including from companies leaving the Russian market.

We are open to discussing cooperation with experienced IT professionals from any companies that wish to work for IBS, the company told TAdviser.

Getting Luxoft's Russian business amid conflict in Ukraine

On April 22, 2022, it became known about the transfer of Luxoft's Russian business to IBSAnatolia Karachinsky. The relevant information is contained in the Unified State Register of Legal Entities.

According to Interfax, citing data from this system, on April 20, 2022, against the background of the development of the conflict in Ukraine, Cyprus-based Luxoft International transferred 100% of Luxoft Professional LLC to IBS IT Services LLC and IBS LLC, they received 99% and 1%, respectively.

Luxoft handed over Russian business to IBS

An IBS representative in a conversation with the agency confirmed the transfer of the Russian business segment Luxoft to the IBS group of companies. Under the agreement, two legal entities were transferred: Luxoft Professional LLC and ANO DPO Luxoft Training Center, "the Interfax source said.

The publication recalls that IBS was previously the largest shareholder of Luxoft, but sold its stake to the American DXC Technology.

The transfer of Luxoft's Russian assets to IBS became known after the main owner of IBS Anatoly Karachinsky fell under American sanctions. IBS was included in the SDN list of the US Treasury Department, which means that American companies and citizens are prohibited from having relations with the defendant and assets controlled by him, in the United States they are frozen. But in fact, under the threat of secondary sanctions, as a rule, interaction with all foreign partners is violated.

Probably, the owner will have to transfer the share and leave the management bodies so that the company can function normally and continue to work with foreign technological partners, customers and banks, - believes the managing partner of the EBR Alexander Zhuravlev, commenting on Kommersant's imposition of sanctions against Anatoly Karachinsky.

The source of the newspaper in the information security market believes that for IBS sanctions are critical both in terms of the supply of equipment, for example, for information security, and in terms of working with partners abroad.^[1]

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