Inoventica of Communication for innovations

Assets

The Innoventica group is engaged in rendering IT services, its head structure - Communication for Innovations (CI) Ltd. The company provides cloud services, services in information security fields and protection against DDoS attacks, possesses own fiber-optical communication channels (fiber-optic communication line) and data centers. According to documents of Federal Financial Markets Service (FFMS), the company of Communication for Innovations is registered at the beginning of February, 2011. Its office is located in Moscow.

Also Inoventica includes Inoventica Technologies LLC - the company providing the integrated ICT service. Initially the RAMEK-VS system integrator which was considered as related to the head of "Central Research and Development Institute of economy, information science and management systems" as Andrey Beltov was a partner in this project. After Beltov became the person involved in criminal case about fraud, Innoventica replaced the partner in this project: the co-owner Innoventika Tekhnolodzhis became Maxim Korobov.

Inoventica Services - provider of cloud services.

The DPC of Innoventica is located in the Vladimir region, on the hunting grounds belonging Vitalia Sliznya. In the same place there is a boarding house belonging to it. Innoventica has joint projects with MTT which now officially belongs to Leonid Reiman with whose team Vitaly Slizen was connected long ago.

Owners

The Regional Initiative company entering the production and construction consolidation (PCC) "Kazan" was the controlling shareholder (63.3%) from the moment of foundation in 2011. This consolidation belongs to the large entrepreneur from Tatarstan Ravil Ziganshin. The blocking stake of KDI (head company Inoventika Group) - 31.7% - belonged to offshore Lowi Ventures behind which stood top menedzhement the Klassika system integrator. The Startobaza fund belonging to Svetlana Nikiforova had another 5% of stocks - the wife of the Minister of Communications Nikolai Nikiforov.

In 2014 it was announced entry into Board of Directors of the company Igor Putin (till 2015), the cousin of the president Russia Vladimir Putin.

In 2016 "The regional initiative" redeemed shares of partners in KDI and became the only owner of the company.

Board of Directors

2018

In Inoventica in June, 2018 the part of Board of Directors which Pavel Tereshchenko, the deputy CEO of the National center of informatization responsible for providing the organization, development and steady functioning of ICT infrastructure on subjects to competitions of the FIFA World Cup of 2018 was changed.

According to data for June 26, 2018, the posts in Board of Directors of KDI saved:

• The Popov Oleg who is holding a post in Board of Directors of KDI since 2017 and saved it in new structure;
• Ravil Ziganshin, chairman of the board of directors of KDI Ltd, CEO of PSO "Kazan";
• Vitaly Slizen, CEO of Inoventica;
• Valery Voronin, deputy CEO of PSO "Kazan".

Maxim Korobov, in the past the shareholder of Inoventica Inoventica Technologies subsidiary company, the former head of subcommittee of the State Duma stopped the powers in Board of Directors of KDI.

2017

In April, 2017 for the first time in Board of Directors of KDI Ltd Popov Oleg – the asset management expert in the IT areas, telecommunications, digital media and a pay TV, in the past the deputy CEO and the board member in JSC MGTS and North-West Telecom Ltd was elected. In the Popov Oleg's competence on a post of the board member of KDI Ltd - questions of the innovation policy, the investment attraction and development of core competencies of the company in the field of Internet of Things, promotions of the products Inoventica in international markets.

Saved the posts in Board of Directors: chairman of Council of directors Ravil Ziganshin (CEO of PSO Kazan LLC), Vitaly Slizen (CEO of Inoventica), Maxim Korobov (shareholder of Inoventica Technologies) i Valery Voronin (zamestitel generalnogo direktora PSO Kazan LLC LLC). There was the structure of Board of Directors Oleg Makhno, the chief executive of ANO Natsionalny bibliotechny resource.

In previous years were a part of Board of Directors of "KDI": Igor Putin, Alexey Radov, CEO of Regionalnaya initsiativa Ltd, Vladimir Shcherbinin, member of Council of directors of "MPO of the Classic", and Vitaly Moseev, CEO of "MPO of the Classic".

Management

Initially - since 2011 - the board of KDI was joined by Vitaly Slizen who soon became the CEO of the company. In 2016 the contract with the Slug was prolonged for five years.

History and performance indicators

2019

Growth of revenue by 72% to 500 million rubles

On March 17, 2020 Inoventica announced financial performance of activity for 2019.

Consolidated unconsolidated revenues of the Inoventica Group in 2019 grew by 72% relatively 2018 and were more than 500 million rubles. The net profit of the Inoventica Group grew by 3 times in comparison with 2018 and was 96.5 million rubles. The measure value of EBITDA increased by 7% year-on-year and made 162 million rubles.

The cloud direction (Inoventica Services company) which share in structure of revenue for the first time made 55% became the driver of growth of financial performance of the Inoventica Group in reporting period. Earlier, the share of clouds in annual revenues of Inoventica did not exceed 25%.

High growth rates of financial performance of Inoventica Services it is connected with implementation state of the contract "Digital economy of Russia" and also with growth more than for 25% of revenue of services of a massmarket, such as "Virtual server VPS/ VDS on KVM".

The book value of the fixed assets of Group put into operation was by the end of the reporting period about 700 million rubles at original cost.

As of March 17, 2020 obligations for the credits and loans, external for Inoventica Group, are absent.

The main events and key achievements of the Inoventica Group in 2019 became:

• growth in sales of service "The virtual server on Linux from IPv6" on the KVM virtualization platform;
• start of the resellingovy program allowing to create the business and to earn from a reselling of a hosting and other IT services;
• increase in authorized capital of Garant-Park-Internet LLC company with 7 million rubles up to 29 million rubles by an additional deposit of the participant of Society Kommunikatsy dlya innovatsy Ltd;
• entry into the Chinese market;
• announcement of infrastructure partnership for implementation of the Yarovaya Law;
• signing of the contract of Kommunikatsii dlya innovatsy Ltd on acquisition of telecommunication equipment of the German producer ADVA Optical Networking cost several million rubles in the catalog prices which allowed to implement the innovative technology of an optical svitching of FO-switching (the press release of 8/15/2019);
• the implementing solution ADVA FSP 3000 for increase in capacity, flexibility and efficiency of a backbone network and rapid growth of data transfer rate;
• entry into the market of the UAE.

Growth of revenue by 3% for the first half of the year to 140 million rubles

The Inoventica group announced on August 28, 2019 financial results of activity for the first half of the year 2019 according to cumulative unconsolidated tax statements.

Consolidated unconsolidated revenues of the Inoventica group for the reporting period grew by 3% in comparison with a similar indicator in 2018 and were about 140 million rubles. The measure value of EBITDA remained at the level of 25 million rubles. Net profit remained steadily positive.

The information security remains the most fast-growing direction of the Inoventica group. Income gained by Inoventica Technologies LLC company from implementation of commercial installations of a system of protection against network attacks of invGUARD grew by 40% of rather similar indicator of 2018. As of August 28 Inoventica Technologies have more than 40 successful implementations on network of customers, including: ShPD operator from number top-2, the trunk telecom operator from top-3, IaaS provider from top-3, the municipal transport company, largest in Russia, the largest federal passenger-and-freight carrier, the operator of MG/MN of fixed connection from top-3, three federal ministries. The company increases presence in foreign markets which on Armenia, Kyrgyzstan, Germany, Great Britain and Cuba are among.

In reporting period growth of financial performance was shown by the infrastructure direction of group for which Kommunikatsii dlya innovatsy Ltd is responsible. Increase in revenue by 5% and net profit for 6% in comparison with a similar indicator of 2018 was reached thanks to signing of a number of large contracts with federal and interregional telecom operators for providing transport ICT infrastructure for creation of hybrid clouds.

In the service direction stability of income is provided with project implementation with big state and corporate customers. Separately It should be noted 900% growth in sales of service "The virtual server on Linux from IPv6" on the KVM virtualization platform, recorded since the beginning of 2019.

The fixed assets of the Inoventica group put into operation by the end of the reporting period made 700 million rubles at original cost.

As of August 28, 2019 obligations for the credits and loans, external for Inoventica group, are absent.

Three patents and 37 scientific works of Inoventica

Inoventica Technologies LLC (Inoventica Group) acted in the spring of 2019 as the industrial partner of FGAU GNII ITT "Informica" (further Informica) within the project on implementation of the federal target program "Research and Development in the Priority Directions of Development of a Scientific and Technology Complex of Russia 2014-2020" which is carried out by the Ministry of science and the higher education of the Russian Federation (The Ministry of Education and Science of the Russian Federation, earlier the Ministry of Education and Science of the Russian Federation). The amount of financing of the completed project stage from outside Inoventica Technologies was 30 million rubles.

Under the terms of public and private partnership joint financing of application scientific research and exploratory developments (PNIER) was performed in equal shares from means of the industrial partner and the federal budget by providing a subsidy to the winner of the corresponding tender of Informica of 30 million rubles.

As a result of public and private partnership Inoventica Technologies became the owner of three patents for inventions and three computer programs: "The software package DDoS Attacks Simulator", "The application with the graphic user interface DDoS Attacks Client", "An experimental sample of a software package of detection of the security risks of information directed to failure in service and protection against them".

2018

Net profit in the IV quarter 2018 grew by 250%

On February 5, 2019 Inoventica announced financial results of the IV quarter 2018.

Restructuring of assets as a result of which for perimeter of the head company of Group (Kommunikatsii dlya innovatsy Ltd) the subsidiary company was displaid (Inoventica Technologies LLC - developer of a domestic product invGUARD) with simultaneous consolidation of 100% of shares of Authorized capital of the project on balance of JSC Regionalnaya initsiativa (Kazan) had a serious impact on indicators. In the IV quarter 2018 execution of financial liabilities within process of post-closing of the transaction making more than 50 million rubles is also complete.

Taking into account the changes stated above consolidated unconsolidated revenues of the Inoventica Group in the IV quarter 2018 grew by 36.6% concerning the IV quarter 2017 and were more than 104 million rubles. The measure value of EBITDA grew by 140% of rather same period in 2017 and made a little more than 60 million rubles. Net profit was record 50 million rubles, having increased by 250%.

The most important characteristic of business of Inoventica is the structure of revenue in which more than 95% are the share of a non-state segment. The specified distribution of revenue is special for the leading IT companies in the Russian market and allows to speak about resistance of business to changes of sanctions policy and change of parameters of the state budget. Vitaly Slizen, CEO of Inoventica

The cost of the fixed assets of the Inoventica Group put into operation in reporting period was a little more than 700 million rubles at original cost.

As of January 1, 2019 obligations for the credits and loans, external for Inoventica Group, are absent.

Inclusion in the Unified register of subjects of MSP

Three companies of the Inoventica group, Kommunikatsii dlya innovatsy Ltd, Garant-Park-Internet LLC and Inoventica Technologies LLC, were included into the Unified register of small and medium-sized businesses (MSP). On August 14, 2018 reported about it to TAdviser in Inoventica Group.

The received status will allow Inoventica companies to compete with the large production organizations and also to get support from the state in the form of tax benefits and vacation, bank loans by the simplified rules and on profitable terms, advantages on application to participation in tenders and tenders on public procurements and contracts.

In addition to the operating advantages, to the companies in the near future the insurance coverage for 1.4 million rubles in case of a response at bank of the license will also be available to MSP entering the Register, told in the company.

Each of the companies entering into the Inoventica group always answered criteria of small and medium business — as regarding the number of workers, and volume of income. But all three companies received official confirmation and the place in the register for the purpose of participation in tenders and tenders on public procurements and contracts on exclusive conditions only now — Ekaterina Hrobostova, the press secretary of Inoventica group commented on an event.

According to Inoventica, the companies of group already have successful experience of participation in public procurements and open auctions as a result of which repeatedly were recognized as winners of the competitions held by big state and corporate customers, among which the Ministry of Finance of the Russian Federation, "Sberbank life insurance", "The center of the real estate from Sberbank", the Agency of strategic initiatives, "Professional marketplace", Informica, MTT, Administration of Chelyabinsk region, the Ministry of information technologies and communications of the Rostov region and many others.

2017

Profit increase by 50 times

• The net profit of the Inoventica Group grew by 50 times relatively 2016 and was more than 50 million rubles. The measure value of EBITDA grew by 25% relatively 2016 and made 75 million rubles.
• Growth of revenue in the cloud direction (Inoventica Services company) in 2017 was connected with the sixfold growth of number of the rendered services "The virtual server VPS/VDS" on the KVM virtualization platform relatively 2016. The number of again connected virtual servers in dive reached about 50 units a day.
• Demand for the solution on protection against DDoS attacks developed by Inoventica Technologies in this connection revenue in the direction the information security grew more than by 30% continued to grow in reporting period, and the EBITDA value reached the level of 21%.
• The cost of the fixed assets of the Inoventica Group put into operation in reporting period grew by 2% and was more than 800 million rubles at original cost.
• As of January 01, 2018 obligations for the credits and loans, external for Inoventica Group, are absent.

Dividend payout to the only shareholder of Kommunikatsii dlya innovatsy Ltd

Dividends in the amount of 25 million rubles will be paid to the only shareholder of head company Inoventica of Kommunikatsii dlya innovatsy Ltd. On September 19, 2017 reported about it in Inoventica company.

At the regular meeting of Board of Directors of Communications for Innovations company the positive decision on recommendations to the only shareholder of society was made on the amount of dividends according to the results of work in a half-year 2017 and also in the order of their payment and establishment of date on which the persons having the right to dividends are defined.

Taking into account the recommendations of Board of Directors the only shareholder of Kommunikatsii dlya innovatsy Ltd — "A regional initiative" — made the decision on dividend payout based on a half-year 2017 in the amount of 25 million rubles that makes 27.77 rubles on 1 ordinary share. It is decided to pay dividends in cash via bank transfer.

The previous year, in August, 2016, the Communications for Innovations company paid to the only shareholder share dividends from retained earnings of last years in the amount of 62 million rubles. And in 2015 interim dividends in nine months 2015 which general size was 15 million rubles were paid. In addition to "A regional initiative", the Startobaza company having at that time 5% of stocks of Kommunikatsii dlya innovatsy Ltd participated in their distribution.

Thus, the total amount of the dividends paid to shareholders of Communications for Innovations company less than in two years was more than 100 million rubles.

Purchase of servers for creation of gaming platforms

The Inoventica group started formation of core competencies in the field of creation of gaming platforms. The amount of investment into this direction of business will be determined by a measure of refining of parameters of the solution.

At this stage Inoventica bought the first lot of the server hardware with the graphic video cards Nvidia Tesla for conducting tests of compatibility of operation of the graphic video card with different types of hypervisors. The Asilan company acted as equipment supplier. Contract amount was less than ten million rubles at the catalog prices.

Deployment of test laboratories for virtualization of resource-intensive graphic applications and programs will become the next step of creation of cloud gaming platforms.

The memorandum of intentions with Softel (Cuba)

Within strategy implementation on entry into the Latin American market the Inoventica Group signed at the beginning of a year the memorandum of intentions with SOFTEL, the IT company of the Republic of Cuba.

During the official visit of the Cuban delegation to Moscow headed by the director of foreign trade of the group belonging to the Ministry of information science and communications of the Republic of Cuba and also with participation of representatives of SOFTEL company negotiations with Inoventica company regarding development of mutually beneficial cooperation concerning information security took place.

In conclusion of negotiations between the companies in Embassy of Cuba in Russia the Memorandum of intentions including the base lines of cooperation between the parties planned for the near future was signed.

Inoventica re-structured assets

At the regular meeting of Board of Directors of Kommunikatsii dlya innovatsy Ltd which took place on December 15, 2016 the decision on acquisition of 10% of authorized capital (100 thousand actions) of Kommunikatsii dlya innovatsy Ltd at the only shareholder of Regionalnaya initsiativa Ltd was made.

On December 19, 2016 on the basis of the approved report on results of presentation by the shareholder of the statement for sale of the stocks owned by it the agreement on stock acquisition on balance of "Communications for innovations" was signed.

The decision on acquisition of 10% of own stocks by head company Inoventica was made within the management program for an internal debt.

2016

Revenue dropped by 23%

Consolidated unconsolidated revenues of the Inoventica Group for 2016 were slightly less than 400 million rubles. The measure value of EBITDA made about 20% of revenue. The net profit of the Inoventica Group in the moment remained about zero. Planned decrease in revenue of Group at the end of 2016 was 23% of rather this indicator of 2015. It is connected with further consolidation by the TV set of the market and single effect of change of the scheme of payment of services for benefit of customers.

• Interim dividends in the amount of more than 60 million rubles are paid to the only shareholder of Kommunikatsii dlya innovatsy Ltd.
• The cost of the fixed assets of the Inoventica Group put into operation in reporting period grew by 1.2% and was 798 million rubles at original cost.
• As of February 02, 2017 obligations for the credits and loans, external for Inoventica Group, are absent.

• Revenue in the cloud direction (Inoventica Services company) grew by 12%. The net profit of Inoventica Services remains confidently positive.
• The increasing demand for the solution on protection against DDoS attacks developed by Inoventica Technologies is recorded by confirmation of what triple increase in number of installations of a system of protection against network attacks of invGUARD is. By the end of the reporting period the number of commercial installations of the invGUARD system was 28. The total amount of the traffic analyzed in the moment exceeded 10 Tbit / page. For comparison, all international information exchange of Russia is estimated on different sources from 6 to 15 Tbit / page.

The positive net debt of Inoventica exceeded 100 million rubles

As a result of early repayment of the last intra group obligation the net debt of the head company of the Inoventica Group of Kommunikatsii dlya innovatsiy» (KDI) Ltd reached the positive value exceeding 100 million rubles.

"KDI" expects repayment of the specified obligations tranches during 2017 and 2018. After receiving the specified funds will be allocated partially for payment to shareholders, and generally - for financing of perspective innovation programs of development of the company to which gaming platforms and Internet of Things belong.

Also considerable means are going to be aimed at the development the most dynamically developing from the existing directions of Group - the systems of protection against DoS and DDoS attacks.

Startobaz left Inoventica

The Startobaza investment company completed in the summer of 2016 the participation in the head company of the Inoventica Group of Kommunikatsii dlya innovatsy Ltd which lasted four and a half years from September, 2011 to March, 2016.

The Startobaza management company sold 5% of shares of Kommunikatsii dlya innovatsy Ltd to the majority shareholder of JSC Regionalnaya initsiativa. The share of the second at the same time grew from 63.3% to 68.3%.

As a result of the transaction with "A regional initiative" Startobaz locked in profits about 100% of initially invested capital. Before Startobaz participated in distribution of interim dividends in nine months 2015 which general size was 15 million rubles (the press release of 7/5/2016 Inoventica elected new members of Board of Directors).

2015

Revenue of KDI of 517 million rubles

At the end of 2015 revenue of KDI (the head company of group) made 517 million rub, an indicator of EBITDA - 206 million rub, net profit - 92 million rubles. Dividends in 9 months 2015 were 15 million rubles.

The company reported that consolidated unconsolidated revenues of the Inoventica group for 2015 were 517 million rub, having shown growth more than for 13% in comparison with a similar indicator of 2014.

Concerning profit distribution and losses of society based on 2015 reporting year the decision on the direction of a part of net profit in the amount of 63 million rub, the remained ambassador of dividend payout, on further development of the company was by a majority vote made. Earlier interim dividends for 2015 in the amount of 15 million rubles were already paid.

Drivers of development of group in 2015 became the infrastructure direction (transport ICT infrastructure for hybrid "clouds" of customers) and information security (protection against DDoS attacks).

Increase in revenue in the infrastructure direction for 8% otnostitelno of a similar indicator of 2014 (the share in revenue of group made 78%) happened owing to signing of a number of large contracts to federal and interregional telecom operators, noted in group.

In the service direction (the share in revenue of group made 16%) stability of income is maintained by implementation of large projects in segments of B2G, B2B among which — projects with the Ministry of Finance of the Russian Federation, BARS Group, FGAU "Russian Fund of Technology Development", Sberbank Life Insurance company.

Milestone event of 2015 was achievement by Inoventica Technologies company of eightfold increase in revenue in comparison with 2014 which according to the results of reporting period made one million p31, specified in Inoventica. For the second half of the year 2014 more than 30 installations of the invGuard system for the purpose of testing or commercial operation in the territory of Russia and the countries of customs union were made.

The value of the consolidated indicator of EBITDA of the Inoventica group in reporting period increased by 39% to one million p206. Net profit was one million p92. The value of this indicator was affected by increase in depreciation charges on fixed assets and intangible assets. So, in 2015 the software package InoSphere which owner is KDI Ltd was registered in the state register of the computer programs. Also Inoventica Technologies received the certificate of Federal Service for Intellectual Property on right possession of the invGuard trademark.

The cost of the fixed assets of the Inoventica group put into operation was by the end of the reporting period one million p797.

As of January 1, 2016 obligations for the credits and loans, external for Inoventica group, are absent.

The cousin of V. Putin leaves Board of Directors

In 2015 Inoventica Group announced formation of new Board of Directors and election in its structure Maxim Korobov, former heads of subcommittee of communication of the State Duma of the Russian Federation.

Board of Directors "Communication for innovations" saved the posts:

• chairman of the board of directors Ziganshin Ravil (CEO "PSO "Kazan"),
• Slizen Vitaly (board member of MTT Group),
• Shcherbinin Vladimir (board member of "MPO of the Classic"),
• Moseev Vitaly (CEO of "MPO of the Classic"),
• Alexey Radov (CEO "Regional initiative").

Rudolf Evanzhelisti and Putin Igor left the structure of Council.

It was announced that changes in the structure of Board of Directors are connected with accomplishment of tactical problems of development of the Inoventica group regarding attraction of bank financing and need of coordination of projects on promotion of the solution on protection against network attacks – invGUARD both on Russian, and on foreign the markets.

Maxim Korobov redeemed 50% Inoventica Technologies from "RAMEK-VS"

In 2015. Maxim Korobov became the shareholder of the Inoventica Technologies company entering into the Inoventica Group, having redeemed 50% of the company from "RAMEK-VS". Transaction amount was about 50 million rubles, still the new shareholder invested "several tens of millions" in the company, this money will go for completion of products, the head of the company Vitaly Slizen said.

RAMEK-VS was a supplier of information technologies for the Ministry of Defence. Market participants connected the company with the former CEO of Federal State Unitary Enterprise Central Research and Development Institute of Economy, Information Science and Management Systems Andrey Beltov who was a person involved in criminal case about fraud.

"For the company which is engaged in cyber security it created reputational risks, and some time ago we began to look for the new investor" — Vitaly Slizen explained.

2014

Growth of annual revenues by 4.5%, decrease arrived

For all 2014 the net profit of the Inoventica group was 111 million rubles, having decreased in comparison with 2013 by 12 million rubles because of reclassification of fixed asset objects. Consolidated unconsolidated revenues of Inoventica increased by 4.5% - to 455 million rubles. The service direction and information security became drivers of development of group.

"Increase in revenue in the service direction (growth was 7.5% of rather similar indicator of 2013) happened owing to implementation of large-scale projects by the company of group, Garant-Park-Internet LLC, in segments of B2G, B2B, among - which projects with the Ministry of Finance of the Russian Federation, Home Credit bank, Aston Consulting, "Professional marketplace", CRIF", says Inoventica.

Broad banding of transmission of Inoventica on specific sites of network on 200 Gbps

In the fall of 2014 the head company of the Inoventica Group of Kommunikaktsii dlya innovatsy Ltd signed the next large contract with the Russian company "T8" providing broad banding of transmission on specific sites of network on 200 Gbps. The delivery scope made about 30 million rubles at the catalog prices.

The transaction completely a profondirovana financial division of one of world IT giant which earlier opened a credit line for Inoventica (The financial division of world IT giant opened a multimillion credit line for Inoventica).

The decision on acquisition and installation of the Russian high-speed telecommunication equipment of T8 company was accepted in connection with significant growth of a subscriber base on cloud services as on a massmarket (A sale of dedicated servers), and as a result of implementation of project contracts (The largest financial institutions select DPC of Inoventica).

The Russian President's brother Igor Putin joined the companies the board

In the summer of 2014 Igor Putin joined the board of Communication for Innovations (CI) Ltd heading the Inoventica group occupied with development of infrastructure projects in the field of cloud computing. The company hopes that it will promote the investment attraction, Kommersant reported.

As one of directors of KDI Slizen Vitaly explained, it is supposed to rely on ensuring data protection and stability of networks from influence and also sale of cloud products for end users, including data storage on servers in a cloud.

Earlier in Inoventica did not exclude sale of a controlling stake. "In the spring of this year we actively communicated with funds. Despite operating profit in 40%, they did not become interested in investment into the company like ours, and waited for the project with very high multiplicator at the exit. It is possible in mass market at rapid enrollment of a subscriber base", - Slizen explained.

Revenue for the first half of the year 212 million rub

Consolidated unconsolidated revenues of the Inoventica Group for the first half of the year 2014 were 212 million rubles including VAT, having shown the six-percentage growth of rather similar indicator of 2013.

The consolidated indicator of EBITDA according to the results of the first half of the year remains at the level of 80 million rubles and steadily makes more than 40% of revenue. Net profit, without instant effect of sale of share, in reporting period grew by 11% in comparison with a similar indicator of 2013 and reached 50 million rubles.

The book value of the fixed assets of Group put into operation was by the end of the reporting period more than 771 million rubles at original cost, having shown growth in comparison with the first half of the year 2013 more than for 12%.

High growth rates of revenue of Group on the infrastructure direction (the share in revenue of Group made 76%) remain thanks to accomplishment of new large contracts with federal and interregional telecom operators (SMARTS, the Group "Filanco", "Piring", "Retnnet", "Synterra of Media").

Implementation of large-scale projects in segments of B2B and B2G using the geodistributed platforms of DPCs of the Inoventica Group became the driver of revenue of Group on the service direction which share made 24%.

2013

Annual revenues of 440 million rub

Consolidated unconsolidated revenues of the Inoventica Group for 2013 were over 440 million rubles (excluding VAT about 380 million rubles), having shown growth more than by 1.5 times in comparison with a similar indicator of 2012.

The consolidated indicator of EBITDA at the end of year exceeded 165 million rubles, at the same time the value of this indicator of the head company of Group of Kommunikatsii dlya innovatsy Ltd was 55.38%.

In reporting period net profit increased both in absolute, and in relative expression and reached 123 million rubles.

The book value of the fixed assets put into operation was by the end of the reporting period 692 million rubles.

The reached indicators are caused by revenue growth in the infrastructure direction (the share in revenue of Group made 83%), the large contracts received from signing of a row with federal and interregional telecom operators (JSC MTT develops the innovation services based on a hybrid cloud of Inoventica, Aviatel develops the innovation services based on a cloud platform of Inoventica).

In structure of revenue of Group on the service direction which share made 17% more than 50% were the share of IaaS services for the realization account of large-scale projects in segments of B2G, B2B (the press release of 2/4/2014 - Inoventica provided to the Ministry of Finance of the Russian Federation triple economy of the budget, the press release of 1/9/2014 - Inoventica and Compile will provide "cloud" personal data protection of the Ministry of Health of the Moscow region, contract signature with Nizhny Novgorod Rus PromSoft Software house, Inoventica increases quality of cloud services of BARS GROUP).

On results on an indicator of EBITDA for 2013 the one-off effect from the contract with ER-Telecom company affected (Дом.ru brand).

As of January 1, 2014 obligations for the credits and loans, external for Inoventica Group, are absent.

Milestone events of 2013 financial year became: acquisition of 100% of authorized capital of interregional operator "Radio Television Communication"; project implementation on increase in the existing infrastructure capacities of Inoventica by 3 times due to creation of a cluster solution based on the newest equipment of HP; increase by 10 times of bandwidth of trunk infrastructure of the Inoventica Group due to implementation coherent 100G the Volga DWDM systems T8 companies; signing of a number of large contracts with federal and interregional telecom operators (JSC MTT, Aviatel LLC).

Start in commercial operation of own hardware-software solutions on cyber security and data protection and also on management of cloud infrastructure will become the driver of development of Group in 2014.

Revenue in 9 months 270 million rub

According to the results of nine months 2013 revenue exceeded 270 million rubles, having shown growth almost twice in comparison with the same period of 2012, the indicator of EBITDA was 41% and exceeded 112 million rubles.

Consolidated unconsolidated revenues of the Inoventica Group according to the results of the first half of the year 2013 exceeded 200 million rubles, including the VAT, having shown growth more than twice in comparison with the first half of the year 2012. The cumulative unconsolidated indicator of EBITDA continues to remain steadily at the level of 45% and exceeded 80 million rubles. In reporting period net profit continued to increase both in absolute, and in relative expression and exceeded 60 million rubles.

The revenue breakdown of Group significantly did not change: in the infrastructure direction (the share in revenue made 80%) steady growth of income gained from implementation of infrastructure projects on consolidation of fragments of hybrid clouds and providing in use of a complex of resources of DPC remains.

Drivers of revenue of Group on the service direction (the share in revenue made 20%) continue to remain services of providing in lease of cloud IT infrastructure, personal data protection in a cloud (hosting ISPDN according to requirements 152-FZ) and also lease of virtual (VDS) and physical (dedicated) servers.

By accumulative result as of the end of the first quarter 2013 it was put into operation of fixed assets at original cost for the amount of 677 million rubles.

In structure of revenue of Group on the service direction which share made 22%, increase in income gained from rendering of services in an IaaS segment (46%), PaaS (12%), SaaS (10%), granting in lease of physical (dedicated) servers (18%) and services of a Managed services segment (11%) is noted.

Milestone events of the third quarter became: increase by 10 times of bandwidth of trunk infrastructure of the Inoventica Group due to implementation coherent 100G the Volga DWDM systems T8 companies, contract signature with the Moscow operator "Aviatel" on providing in use of a cloud platform of Inoventica, implementation of the joint project with the federal operator of JSC MTT; entry into the market of the complete solution Inoventica which was exclusively demanded among software developers on virtualization.

The credit from Promsvyazbank

The head company of the Inoventica Group of Kommunikatsii dlya innovatsy Ltd announced in November, 2013 the conclusion of the new agreement on loan granting in shape an overdraft from Promsvyazbank, instead of become invalid. Under the terms of the new agreement the limit is increased almost twice and made 9.5 million rubles.

Loan amount, provided in shape an overdraft, was 30% of a monthly turnover, but no more than 9.5 million rubles. The duration of the agreement - 1 year. It is supposed that the funds raised within the credit will be directed to replenishment of current assets of the company and repayment of financial liabilities.

Increase by 10 times of bandwidth of trunk infrastructure of Inoventica

The Inoventica IT operator and T8 company announced the beginning of project implementation, providing increase by 10 times of bandwidth of trunk infrastructure of the Inoventica Group due to implementation coherent 100G the Volga DWDM systems.

The volume of the first delivery was several tens of millions of rubles. In the medium term Inoventica is going to aim at the development DWDM networks to 100 million rubles.

The decision on expansion of capacity of the existing trunk infrastructure was made in connection with recent signing by the Inoventica Group of a number of large contracts with interregional telecom operators (the press release "The international peering of W-ix became the first client of a hybrid cloud of Inoventica on the scale of the Central and Volga federal districts"), provided the twofold growth of revenue of group (the press release "The net profit of Inoventica exceeded 60 million rubles").

Within the first stage of the Inoventica project over own DWDM network Nokia Siemens brought into trial operation technology of 100 Gbps using the domestic equipment of T8 company.

The Volga system was installed on section of transport infrastructure of Inoventica more than 1.5 thousand km long. also provided high-speed connection of the CFD (The Vladimir, Nizhny Novgorod regions) and Volga federal district (The Republic of Tatarstan, Bashkortostan and the Chuvash Republic).

The coherent systems have many advantages over traditional amplitude transmitters. The main pluses — increase in distance between intermediate points (at the expense of the high receiver sensitivity and resistance to noises), is not required installation of compensators of dispersion and reduction of number of amplifiers by lines. These advantages allow to reduce the capital investments by infrastructure and to reduce service cost. The management system supports the previous generation of the domestic DWDM systems that allows to exercise control over 1G networks, 2.5G, 10G and 40G.

Purchase of 100% in Radio Television Communication company

Milestone events of the first half of the year 2013 for a kompaiya became:

• acquisition of 100% of the capital of interregional operator "Radio Television Communication";
• signing of the contract with the company "BARS GROUP" - on providing a server framework and storage systems (DWH) on model IaaS;
• project implementation on increase in the existing infrastructure capacities of Inoventica by 3 times due to creation of a cluster solution based on the newest equipment of HP;
• implementation of joint strategy of marketing promotion with the resident of the innovation cluster Skolkovo Smartfin company (2can trademark).

The agreement is signed with HP Financial Services about opening of a credit line for a period of 3 years. Within the agreement the division of HP of Financial Services provided to Inoventica Group the program of financing and management of financial resources which will allow to upgrade IT infrastructure at capital preservation and optimization of cash flows.

2012

Annual revenues grew by 20 times to 155 million rub

Based on unaudited annual financial statements revenue of the head company of the Inoventica Group of Kommunikatsii dlya innovatsy Ltd for 2012 made more than 155 million rubles, having shown growth by 20 times in comparison with results of 2011. At the same time in the fourth quarter 2012 of Kommunikatsii dlya innovatsy Ltd showed growth more than for 20% in comparison with the third quarter 2012. The measure value of EBITDA at the end of 2012 showed positive dynamics and made 35%, having exceeded 55 million rubles. The net profit of Kommunikatsii dlya innovatsy Ltd at the end of year reached positive value. On balance of the company fixed assets at original cost made more than 655 million rubles. As of January 1, 2013 obligations for the credits and loans are absent.

The consolidated Inoventica Group revenue in the 4th quarter 2012 made more than 75 million rubles, having saved 200% annual growth. In comparison with the third quarter 2012 growth of revenue was 20%. Growth of revenue almost by 1.3 times in comparison with the third quarter is caused by intensive building of income in the infrastructure direction (a share in revenue made 71%) provided by services in consolidation of fragments of hybrid clouds and providing to use of a complex of resources of DPC. The consolidated indicator of EBITDA in the fourth quarter saved high growth rates and made 43%, having exceeded 34 million rubles. The accumulative result as of the end of the fourth quarter 2012 put into operation of fixed assets at original cost for the amount more than 660 million rubles.

Milestone events of 2012 financial year became:

• end of the first stage of construction of ICT infrastructure;
• start in commercial operation of the first-ever "wooden" DPC;
• acquisition of a share in authorized capital of the resident of the innovation center "Skolkovo" - provider of cloud services of Startpack (Startpack LLC);
• attraction of the credit from Promsvyazbank;
• obtaining certificates of Federal Service for Intellectual Property on right possession on verbal and graphic trademarks of INOVENTICA.

Carrying out work with financial institutions on attraction of loan money in the company will become the next stage of strategy of Kommunikatsii dlya innovatsy Ltd.

The credit from Promsvyazbank

In September, 2012 the agreement on loan granting in shape an overdraft from Promsvyazbank in the amount of 30% of a monthly turnover is signed. Opening of a revolving credit line became a consecutive step within strategy implementation of group regarding attraction of bank financing. It is supposed that the funds raised within the credit will be directed to replenishment of current assets of the company and repayment of financial liabilities.

Increase in authorized capital up to 100 million rub

In April, 2012 INOVENTICA announced increase in authorized capital of the head company of Group of Kommunikatsii dlya innovatsy Ltd up to 100 million rubles by additional issue of securities. On April 12, 2012 FFMS registered the report on results of additional issue of ordinary nominal uncertificated shares of Kommunikatsii dlya innovatsy Ltd in number of 999 thousand securities with a total nominal value of 99,900 thousand rubles. Securities were placed on the closed subscription among shareholders of Kommunikatsii dlya innovatsy Ltd and paid with money. The price of placement was 492 rub for one action. The total amount of money of the shareholders napralenny on the redemption of an additional issue was about 500 million rubles. Significant result of additional issue of securities is the largest authorized capital created in the company among participants of the Russian market of "cloud" services. Increase in the amount of authorized capital of Kommunikatsii dlya innovatsy Ltd shows confidence of shareholders in success of business of the company. Significant increase in authorized capital of the head company will allow the INOVENTICA Group to take part in large tenders where among the important indicators defining a possibility of participation and a further victory in tender the amount of authorized capital of the company is. In terms of a financial analysis based on an additional issue the size of net assets of the head company of Group will be 450 million rubles.

Sales in the I quarter 36 million rub

In the I quarter 2012 unconsolidated revenue of Inoventica increased by 20% in comparison with the IV quarter and for 80% in comparison with the III quarter 2011. Sales volume was about 36 million rubles 58% of sales volume the group earned from infrastructure services (consolidation of fragments of hybrid clouds, providing in use of a complex of resources of DPC), and 42% - on the service directions.

2011

Purchase of Garant-Park-Internet company (Parking.ru)

In May, 2011 Kommunikatsii dlya innovatsy Ltd closed the deal on acquisition of 60% of a share of authorized capital of Garant-Park-Internet LLC (Parking.ru brand). The company was estimated by the buyer at 200 million rubles.

Presentation of Inoventica Group

In Moscow in May, 2011 the presentation of the Inoventica group which is going to create the "first federal IT operator" who is engaged in services in creation of private, hybrid and public clouds based on own ICT infrastructure took place. Responsible for the development strategy Inoventica became the member of its Board of Directors, the former CEO of Sinterra and the head of department of state policy of the Ministry of Information Technologies and Communications Vitaly Slizen.

"Shareholders set the task to create the company which investors will be able to estimate on the multiplicator above, than 20 indicators of EBITDA, - Slizen explained. - In the IT sector now the companies are estimated with coefficient 10-12 to EBITDA, and in a telecom will not give more than 10 to EBITDA. At the same time the cloud computing which is on a joint of a telecom and IT promises 70% growth".

A major shareholder of Inoventica is the project and construction consolidation (PCC) "Kazan" (on behalf of "daughter" "Regional initiative"), also the Klassika system integrator has a share in group. Head structure of group is the Communications for Innovations company (owns group infrastructure), ICT service will be provided by Inoventica Technologies affiliated enterprise.

The CEO of PSO "Kazan" Ravil Ziganshin became the chairman of the board of directors of Inoventica, the CEO — the president "MPO of the Classic Computer information systems" Vladimir Shcherbin. The technical director of Inoventica is Alexander Ilyin, the director of economics and finance - Yury Vladimirov (both are natives of Sinterra).

Inoventica is going to become the owner of own fiber-optical network (fiber-optic communication line) 20-25 thousand km long. with capacity to 8tbit/with which will cover more than 70% of potential customers. The effective service area along which it will be possible to connect to DPCs of the company (delivery time of a signal up to 10 ms) will make 500 km. Inoventica is not going to be engaged directly in construction of the fiber-optic communication line, and will buy dark fibers in the existing channels.

Slizen explained that she own to the fiber-optic communication line is necessary for the company not to depend on infrastructure of third-party providers and to deliver data on Russia with the minimum delay. Inoventica will build DPCs in rural areas, in places where electricity and gas trunks is brought (for example, on the abandoned poultry farms). The technology of geoclusters used by the company will allow to save data and operability of services even in case of physical destruction of one of DPCs, Slizen promises.

The planned costs for creation of infrastructure: 1.3 - 1.7 billion rubles. Shareholders who already transferred 500 million rubles Besides, will invest in the project Inoventica is going to buy up the companies working in the field of virtualization and cloud computing, is going to select 300 - 400 million rubles Inoventica for these purposes is interested in purchase of share blocks at the rate from 25% up to 75%, at the same time a condition are receiving by target company not less than 55% of income from cooperation with Inoventica.

The main competitor for Inoventica Rostelecom which owns the largest in Russia the fiber-optic communication line is considered and it is approved by the government as the operator of a national cloud platform. The company is going to spend 10 billion rub for these purposes and already creates consortium from system integrators and software suppliers and the equipment.