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History

2024: VTB will pay 141 million rubles to NVision Group for licenses for Microsoft software

At the end of March 2024 VTB rubles , NVision Group VAT the Supreme Court ordered to recover from the bank approximately 141 million in favor of "" in the case of payment for food licenses. Microsoft Thus, the decision of the Ninth Arbitration Court of Appeal was upheld. More. here

2021: "Sitronics" "killed" the brand "NVision Group"

Sitronics Group decided to abolish the NVision Group brand. On October 22, 2021, TAdviser was informed about this by a source close to the company and confirmed in its press service. At the same time, the legal entity of NVision Group JSC will remain, as it owns licenses and certificates, including FSTEK, FSB, Ministry of Emergencies and Roskomnadzor.

The abolition of the NVision Group brand is associated with a rebranding, as a result of which all assets of Sitronics Group will operate under a single brand. According to TAdviser in the press service of Sitronics Group, the company is implementing a new strategy, within the framework of which the group was rebranded, including the company itself was renamed from Sitronics to Sitronics Group, the visual style and logo were changed.

The company is faced with the task of forming a large technology holding and becoming one of the leaders in the domestic IT market. NVision Group has become part of the holding and operates as part of a general strategy under the Sitronics Group brand. Rebranding has become a logical reflection of the transformations that have taken place, this is one of the stages of development for the merger of subsidiaries, "TAdviser told Sitronics Group.

The co-founder of NVision Group Anton Sushkevich, who left the company back in 2014, after AFK Sistema bought 88.75% of the shares, said in a conversation with TAdviser that he was sorry that NVision Group would cease to exist.

It is curious that in November 2020, after the operator MTS sold NVision Group, NVision AFK Sistema Group underwent a rebranding. While the site is nvg.ru working, and there is a logo and attributes of "NVision Group." At the same time, when Sitronics Group will finally get rid of the "old" logo, the company did not say.

As a result of rebranding, in addition to NVision Group, Sputnik, 71.06% of which Sitronics Group acquired in 2021, and Sitronics KT (formerly Kronstadt Technologies) will lose their brands. In addition, Sitronics Group owns 100% of Kontsel, which owns warehouses in Zelenograd near Moscow.

For AFK Sistema, this is not the first attempt to collect technological assets under the Sitronics brand, so, in 2008, the Russian company Quasar-Micro was transferred under a single brand, in 2009 - the Greek Intracom Telecom. There were also several attempts to transfer the Micron microcircuit manufacturer to the general brand.

2020

MTS sells NVision Group 28 times cheaper than it bought

On November 2, 2020 , MTS announced the planned sale of a 100% stake in NVision Group to its largest shareholder , AFK Sistema. The company sells to Sistema the assets of NVision Group related to the system integration business, with the exception of those that participate in the formation of the MTS product portfolio. The FORIS BSS/OSS billing system, which was previously an asset of NVision Group, also remains in MTS.

AFK Sistema clarifies that NVision Group will be integrated into a subsidiary of Sitronics Corporation.

The reason for the sale in MTS was explained by TAdviser by the fact that their company is building an ecosystem of digital products, the foundation of which is the telecommunications business, as well as competencies in the field of fintech, big data analytics, artificial intelligence, media business, the Internet of things, and so on. And all assets related to the formation of the MTS product portfolio remain in the company.

MTS sells the assets of NVision Group, which are not related to the formation of the product portfolio, require additional investments and are not priority in terms of the implementation of the company's strategy. Under these conditions, MTS relies on free competitive technological partnership with system integrators, - explained TAdviser in MTS.

MTS says that they have already received all the permissions and approvals necessary for the transaction.

The amount of the transaction with AFK Sistema will amount to 401 million rubles, taking into account a possible adjustment, depending on the updated financial indicators at the closing date. The message of AFK Sistema says that this is an amount taking into account net debt in the amount of up to 860 million rubles.

At the same time, in 2015, MTS paid 11.2 billion rubles for NVision Group, according to the company's annual report on Form 20-F. MTS notes that the main goal of acquiring the company five years ago was to integrate its own billing system into the MTS perimeter. The main cost of NVision Group in 2015 was also formed by the billing system.

Today's sale price takes into account that billing remains in MTS. The fairness of the sale price is determined on the basis of an independent assessment by KPMG, the company says.

Regarding the high cost of billing in this case, MTS noted that FORIS is the main technical platform for many services of the MTS digital ecosystem. MTS has launched dozens of applications that are regularly used by millions of subscribers, not to mention almost 80 million mobile subscribers.

Owning a billing system is one of the most important elements of the technical and IT infrastructure, which is actively involved in bringing converged products to the market, building a personalized approach to the user and in the development of new digital directions, MTS notes.

Agreement to establish a consortium to develop the Digital Platform for Manufacturing Management in the Chemical Industry

JSC NVision Group, one of the Russian system integrators, part of the MTS Group, and the Russian Institute of Chemical Technology (RCTU) named after D.I. Mendeleev, one of the oldest and most famous universities in Russia, signed an agreement on the creation of a consortium for the development of a digital production management platform in the chemical industry. Envision Group announced this on January 22, 2020. Read more here.

2019

Tax fraud

At the end of July 2023, it became known that the Federal Tax Service (FTS) revealed serious tax fraud in the Nvision Group during its activities in the MTS management circuit .

According to CNews reports, the company "Envizhn," absorbed by the multidisciplinary IT concern "Sitronics" (part of AFK "Sistema"), illegally used the tax deduction. In particular, on December 27, 2019, NVision entered into an agreement with Ventanova LLC for the supply of software and equipment for further transfer to the end user - MTS. The subject of the purchase was an software SD-WAN American company Versa Networks and work on its implementation. According to the case file, Ventanova LLC was artificially included in the supply chain in order to take advantage of a tax deduction in the amount of approximately 25 million. rubles

In reviewing the reporting provided by all parties to the transaction, it was determined that Versa Networks did not register a representative office in Russia to pay VAT for transactions where the territory of the Russian Federation is recognized. At the same time, Ventanova LLC did not act as a tax agent for calculating VAT from the considered transaction for the purchase of software.

In Russia, the distributors of Versa Networks before the formation of a difficult geopolitical situation were Factor Group LLC, Netwell LLC and CROC system integrator. And the disputed counterparty is not one of the official distributors, nor is it an exclusive (uncontested) supplier of the specified software. On this basis, NVision was prosecuted for committing a tax offense: the company must pay VAT in the amount of 25.3 million rubles, as well as VAT penalties in the amount of 8.6 million rubles. This decision can be appealed in accordance with the established procedure.^[1]

New President - Sergey Gavrenkov

Since August 21, Sergei Gavrenkov has been the president of NVision Group. In this position, he replaced Andrei Ershov. Read more here.

Agreement with Ericsson on the construction of corporate LTE networks in Russia

On February 25, 2019, NVision Group announced the start of activities to build Russia corporate networks LTE that will become the technological base for the digitalization of large business in the country. Integrator Partner -. Ericsson

The partner agreement provides for the joint work of NVision Group and Ericsson in the field of studying customer requirements for the construction of corporate wireless broadband data networks based on LTE (private LTE), joint preparation and construction of a private LTE test zone at the NVision Group technology site to demonstrate opportunities for potential customers, launch into commercial operation of corporate wireless broadband data transmission networks based on LTE technology and, in the future, on 5G technology .

Private LTE networks are a universal digital base for introducing a wide range of services at socially significant and industrial facilities with increased safety and reliability requirements: city public transport and housing and communal services systems, power enterprises, the chemical industry and other key sectors of the economy. Guaranteed radio coverage with the characteristics set by the client will be able to receive, among other things, production areas in remote areas of Russia. The LTE corporate network guarantees the integrity, noise immunity and security of data transmission from IoT sensors, M2M applications or other elements of the enterprise infrastructure, allows you to combine elements of the ecosystem into a single closed circuit of the company. At the same time, traffic for users of the corporate network becomes free, regardless of the volume and dynamics of its increase.

author '= Andrey Ershov, President of NVision Group ' Automation of production is always an urgent business request to IT companies. However, we can not only close the need for big business in automation, but offer a higher-level infrastructure solution adapted to the needs of a particular company - corporate LTE networks. They will become the basis for the enterprise's digital platform, as they are universal for any available business applications and technological processes, easily scale and modify, among other things, to the next generation standards - 5G. Together with other solutions and technologies that MTS and Ericsson are introducing to the corporate market, private LTE will allow companies to reduce costs and maximize the efficiency of production processes, ensure the security of data and personnel.

author '= Sebastian Tolstoy, president of Ericsson in Russia ' The development and future implementation of LTE corporate networks is the next stage of our long-term strategic partnership with MTS Group in the field of innovation. Private LTE networks allow you to use the capabilities of modern technologies in all industries, including production, transport, housing and communal services and others. These networks will become the basis for IoT scenarios, will ensure the digitalization of companies, the growth of all areas of business and the Russian economy.

Technological advantages of private LTE compared to alternative solutions:

• Provision of capacitive, spatial, service characteristics of the network in accordance with the customer's needs;
• Ensuring the infrastructure requirements of the security services of the client company;
• Ensuring the isolation of corporate traffic from the influence of commercial public networks;
• Complete integration with previously installed elements of the IT infrastructure with the possibility of their subsequent replacement or without it;
• Maximum response rate in the network due to locally installed network switching elements;
• Versatility of LTE application for any available business applications and technological processes;
• Easy transition to next-generation standards - 5G.

2018: Appointment of Andrey Ershov as President of NVision Group

On December 3, 2018, the Russian system integrator JSC NVision Group, a member of the MTS Group, announced the appointment of Andrei Ershov as president of the company. Read more here.

2017

FTS registered NVision Group as an OFD

The system integrator NVision Group, owned by the operator Mobile Television Systems (MTS), received at the end of 2017 permission from the Federal Tax Service ( FTS ) to work as a fiscal data operator (OFD). Sergey Irevli, Director of the MTS Department for the Development and Management of Business Market Products, told CNews about this.

The status of the OFD is required by MTS for integration with the developer of online cash desks Litebox (legal entity - Cloud Retail LLC). In October 2017, MTS invested 620 million rubles in this startup, having received a replacement share of 50.8%.

The company fell under Ukrainian sanctions

On May 16, 2017, President of Ukraine Petro Poroshenko, by his decree, enacted the decision of the National Security and Defense Council (NSDC) on sanctions against Russian companies and their subsidiaries in Ukraine. In total, 468 legal entities were on the sanctions list, of which 81 were related to the IT sphere. Among the companies that fell under the sanctions was also a number of legal entities "NVision Group." Read more here.

Rostelecom took revenge: NVision fined 64 million

NVision Group will have to pay Rostelecom over p60 million as a penalty for late delivery of equipment. This follows from the decision of the Arbitration Court of the North Caucasus District, which on May 3, 2017 decided to leave unchanged the decision^[2] Arbitration Court of the Krasnodar Territory of November 10, 2016 and the decision of the Fifteenth Arbitration Court of Appeal of January 26, 2017, and the cassation appeal of NVision - without satisfaction^[3].

As part of this protracted proceedings, the courts considered both the claim of Rostelecom against its contractor and the counterclaim of NVision - with demands to recover a penalty from the telecom operator for late payment of the supplied equipment. The amount of the first of them after clarifications amounted to p68.1 million, the second (also after clarifications) - p4.2 million. "In the order of netting, recover from JSC 'NVision Group' in favor of PJSC 'Rostelecom' p64.1 million penalty," reads the final court decision.

In public documents of the court there is no specific description of the subject of contractual relations between the two organizations. There is only an indication that the supply of NVision to Rostelecom of unnamed equipment and the provision of certain services to it were spelled out in several dozen contracts with different dates of execution. The editorial office failed to unambiguously identify the problematic contract on the public procurement website.

NVision takes debts from Rostelecom for the 112 project

As CNews learned, Rostelecom will have to pay NVision Group p32.8 million - debt under the contract for p18.2 million and a penalty of p14.6 million. Today, April 3, 2017, the Fifteenth Arbitration Court of Appeal of Rostov-on-Don upheld the earlier decision of the Arbitration Court of the Krasnodar Territory to recover the above amount, and the operator's complaint, without satisfaction^[4]

The proceedings concerned a contract concluded on December 23, 2013 between Rostelecom and NVision Group, under which the operator's contractor was to automate the facilities of the first stage of the emergency call system at the single number "112" based on the duty dispatch services of the Krasnodar Territory, including the installation and commissioning of equipment, as well as the transfer of rights to use software.

From the materials of the court it follows that NVision fulfilled its obligations in full - it carried out work for p126.1 million and supplied software for p425 thousand. However, Rostelecom paid the company only p108.3 million, which was the reason for the lawsuit that NVision filed on December 1, 2016.

Cisco Gold Certified Partner

The NVision Group team has the following architectural specializations: Advanced Enterprise Networks Architecture Specialization (corporate networks); Advanced Security Architecture Specialization; Advanced Collaboration Architecture Specialization; Advanced Data Center Architecture Specialization.

To implement projects to adapt customer infrastructure to the requirements of the modern digital world, NVision Group specialists are actively developing competencies in Cisco hybrid services (Hybrid IT Services), offering the market the solutions most appropriate to the cloud development strategy, including Cisco WebEx ®, business communications (BCaaS, Business Communications as a Service), video conferencing (TPaaS, TelePresence as a Service), contact center (CCaaS, Contact Center as a Service).

See also: Cisco Systems Partner Network

"NVision Kazakhstan" sold

The MTS operator stopped the work of the system integrator "Envision" in Kazakhstan, since it considers it inappropriate to develop the project in this country, write "Vedomosti"^[5].

The representative of the operator said that the company "NVision Kazakhstan" was sold. The amount and details of the transaction are not specified. NVision continues to work in Russia, Belarus, the Czech Republic and Ukraine.

2016: Revenue growth 1.9% to 13.174 billion

In 2016, the revenue of NVision Group amounted to 13.174 billion rubles, an increase of 1.9% compared to 2015. In the ranking " TAdviser100: The largest IT companies in Russia" at the end of 2016, the company "NVision Group" took 18th place.

2015

Business "NVision" is rapidly blown away

The revenue of the parent company NVision Group (NVision Group JSC) in 2015 decreased by 36.7%, from 14.2 billion rubles to 9 billion rubles. The company's net loss increased by 27.7%, from 1.6 billion rubles to 2 billion rubles. This information is contained in the Contour-Focus database.

It follows from the financial results report that in 2015 the company significantly optimized commercial and management expenses: the former decreased by more than 50%, the latter - by 30%.

There are four subsidiaries on the NVision Group website: NVision -Consulting, TelecomLogistic, NVision and Kazakhstan Sitronics Telecom Solutions. Ukraine The first of them in 2015 earned 192.5 million rubles, 50% less than in 2014, and was in a loss of 276.8 million rubles. TelecomLogistic earned 928.7 million rubles in 2015, 55.6% less than a year earlier, and its net profit amounted to 126.8 billion rubles. Financial Russia It was not possible to find out the indicators of the subsidiaries of NVision Group located outside.

Consolidated revenue of NVision Group, according to the rating "CNews100: Largest IT companies in Russia 2015" ^[6]], amounted to 19.2 billion rubles, a decrease of 32.5% compared to 2014.

NVision Group declined to comment on its 2015 financial results.

The revenue of NVision Group began to decline significantly after the management of Rostelecom changed in early 2013: in the first two years it more than halved. In 2009-2012 NVision Group was one of Rostelecom's main IT contractors. In 2010, the company received 25% of Rostelecom's contracts, according to a report by the Accounts Chamber.

The company continued cooperation with Rostelecom in 2015, but not at all in the volumes that it used to: according to Contour-Focus, Rostelecom concluded government contracts with NVision Group for a total amount of about 540 million rubles. The company also carried out work on state contracts for MGTS, the subsidiary of MTS: their total volume in 2015 amounted to about 450 million rubles.

There is no information on how much NVision Group entered into contracts with MTS itself, which bought out the integrator in 2015, in open sources. At the time of the announcement of the upcoming transaction for the purchase of NVision Group^[7] is^[8] on the market^[9]which the company has long received most of the orders from MTS. With the closure of the transaction, NVision will actually become an insourcing system integrator of MTS, believed, in particular, the president of the Lanit group of companies Georgy Gens.

The annual report of MTS for 2015 stated that the acquisition of NVision Group is part of the operator's long-term strategy aimed at diversifying the business and developing innovations. Through the purchase, the company expects to improve the maintenance of its subscriber base by investing in the modernization of billing, gain savings in IT costs due to integration and scale effect, as well as strengthen its position in the corporate market. MTS plans to offer customers comprehensive solutions in the form of a full range of IT services, telecom services and system integration.

MTS plans to sell one of the subsidiaries of NVision Group

On November 9, 2015, the media reported on MTS plans to sell part of the NVision Group business, since the subsidiary of the system integrator has a contract with one of the operator's competitors, VimpelCom.

One of the operator's consultants told Vedomosti that MTS intends to sell its stake in the Envision Group company inherited from its parent AFK Sistema. According to him, MTS does not like that the integrator provides services to VimpelCom, which, in turn, is not satisfied with the relationship between NVision Group and the main competitor. While the integrator remained in Sistema, there was no problem in this, the source said.

As a source close to VimpelCom clarified to the publication, we are talking about the company NVision Business Solutions (EBS; 100% subsidiary of NVision Group), which provides the operator with services for connecting clients to a fixed Internet. It is this part of the business that MTS is going to sell, but it is most likely that VimpelCom itself will buy it, but one of its partners.

MTS bought NVision Group

MTS and its controlling shareholder - AFK Sistema - announced in July 2015 a deal to buy and sell the system integrator NVision Group. MTS will pay Sistema up to 15 billion rubles for this company. This amount takes into account the debts of the system integrator for 10 billion rubles, which will be covered by the transaction.

As a result, MTS will become the sole shareholder of NVision Group and all its subsidiaries, including the Russian Sitronics Telecom Solutions and the Czech Nvision Czech Republic. Since this acquisition is an interested party transaction, it was first approved by a special committee of independent directors of MTS, and then by the board of directors of the cellular operator itself.

2014

Net loss of RUB 1.19 billion at the end of the year

The revenue of the parent company NVision Group in 2014 amounted to 14.26 billion rubles, net loss - 1.19 billion rubles (data from Contour-Focus).

The consolidated revenue of the group, according to the ranking "TAdviser100: The largest IT companies in Russia 2015," amounted to 28 billion rubles, a decrease of 28.9% compared to 2013.

AFK Sistema buys 38.75% of shares of ZAO NVision Group

Sistema Telecom Assets, 100% owned by AFK Sistema, signed legally binding agreements in January 2014 to purchase 38.75% of the shares of ZAO NVision Group from RegionCapital CJSC (part of the Marshall Group of Konstantin Malofeev) and other individual shareholders. The total amount of the transaction will be $82.5 million, according to a statement by AFK Sistema^[10]

Payment of shares of NVision Group will be made in cash in the amount of $37.5 million and shares of AFK Sistema in the amount of $45 million. After the completion of the transaction (expected before the end of the first quarter of 2014), AFK Sistema will own 88.75% of the shares of NVision Group.

Based on the announced amount of the transaction, the total value of NVision Group (revenue in 2012 - about 59 billion rubles) was estimated at $212.9 million (7.24 billion rubles). For comparison, the capitalization of the IBS group (revenue in 2012 - about 29.9 billion rubles), whose securities are listed on the Frankfurt stock exchange, is 564 million euros (26 billion rubles).

According to Spark-Interfax, Anton Sushkevich and Dmitry Taraba own 22.25% of the shares of Envizhn Management Company. Another 5.5% of the shares of this intermediate company are with Alexei Glotov. Thus, the share in NVision Group, which Sistema intends to buy, coincides with the sum of the shares of Malofeev, Glotov and one of the two remaining founders. Later, it became known that Dmitry Taraba sold his stake.

Smirnov replaces Sushkevich as general director

After the integration was completed, the two founders of NVision - Dmitry Taraba and Alexey Glotov - sold their remaining shares and left the company. The third founder, Anton Sushkevich, who resigned in February 2014 as general director of NVision, remains the owner of 11.25% of the company's shares and retains a seat on its board of directors.

Instead of Sushkevich, AFK Sistema nominee Vyacheslav Smirnov, a member of the board of directors of Sitronics, with whom NVision had previously merged, stood at the head of the integrator.

AFK Sistema became the sole shareholder of NVision Group

At the end of 2014, AFK Sistema became the sole shareholder of NVision Group, having bought 11.25% of the shares from its former general director and one of the founders Anton Sushkevich for $10 million. At the beginning of 2014, such a package was estimated at $24 million. Anton Sushkevich also left the board of directors of NVision Group.

AFK Sistema became the owner of 50% plus 0.5 shares of NVision Group through a subsidiary of OJSC RTI Group in July 2012. During this transaction, the corporation paid money in the amount of 3 billion rubles. and IT assets of the Sitronics group, which became part of the NVision Group. In March 2014, AFK bought another 38.75% stake in NVision Group for $82.5 million. These shares belonged to the founders of the IT company Dmitry Taraba and Alexei Glotov, as well as Region Capital CJSC, part of the Marshall Capital group of Konstantin Malofeev, who bought the block package a few months before the sale. At that time, the entire NVision Group was estimated at $213 million. Based on this estimate, for a package of 11.25%, AFK Sistema could pay Anton Sushkevich about $24 million. Konstantin Malofeev found it difficult to assess the value of NVision Group, since after the sale of its shares, he "ceased to monitor" the activities of the IT company.

In June 2015, it became known that AFK Sistema consolidated 100% of the shares of the system integrator NVision Group, based on the company's estimate of $88 million. Meanwhile, a year ago, Sistema estimated the integrator more than twice as expensive - at $212 million^[11].

So, in 2012, the company was estimated at 20 billion rubles ($614 million at the then exchange rate). At the beginning of 2014, NVision Group was valued at $212 million. During the last transaction, the company's valuation amounted to $88 million - that is, over the year, NVision Group fell more than twice.

True, Sistema considers it incorrect to compare the last two transactions with the value of the shares of NVision Group.

"The transaction for the purchase of 11.25% of the shares of the system integrator was the result of agreements between the buyer and the seller, which, among other things, reflect such factors as a change in the economic situation at the end of 2014 compared to the beginning of the year, as well as a small (minority) size of the package, which actually provided only representation on the board of directors of the company and did not give any additional rights," - said the press service of the corporation.

Anchor client: Instead of Rostelecom - MTS

AFK Sistema has already admitted that to some extent it was disappointed in the NVision Group. At the end of 2013, the corporation wrote off losses of $125.7 million, which arose due to a reduction in system integrator orders from the largest customers and a corresponding change in the revenue forecast.

Previously, the main income of NVision Group was provided by the state holding Svyazinvest (later its assets were combined on the basis of Rostelecom): according to the results of 2010, the holding's enterprises provided the integrator with 45% of revenue. Market participants associated this alignment with the personality of Konstantin Malofev, who was then on the boards of directors of Svyazinvest and Rostelecom (although the MCP fund owned by Malofeev became a shareholder of NVision Group only after the entrepreneur left the boards of directors of the aforementioned companies). Malofeev, in turn, was considered a person close to ex-Minister of Communications Igor Shchegolev. After the latter left his post, the reduction of orders for NVision Group by Rostelecom began.

However, after receiving the IT assets of Sitronics, NVision Group has a new largest client - a cellular operator owned by AFK Sistema. MTS If in 2012 orders from MTS brought NVision Group 14 billion rubles (24% of the total revenue), then in 2013 MTS accounted for 38% of the revenue of the system integrator (in absolute terms, the amount of orders almost did not change). According to the results of 2014, the amount of orders from MTS decreased to 10.7 billion rubles, but in percentage terms their share remained the same.

2013

Net loss of RUB 2.25 billion at the end of the year

In 2013, the revenue of the parent company NVision Group amounted to 18.9 billion rubles, net loss - 2.25 billion rubles (data from Contour-Focus).

Consolidated revenue of the group, according to the rating "CNews100: Largest IT companies in Russia 2013" ^[12], amounted to 39.4 billion rubles, having decreased by -33.2 compared to 2012.

57% of the integrator brought IT services, about 9% - software development, 34% - project distribution. The company's income from consulting services exceeded 12.5 billion rubles.

Trial with CNews

On August 26, 2013, it became known that NVision Group filed a lawsuit against CNews for disseminating untrue information that discredits the company's business reputation.

In the material "Who gave kickbacks to Rostelecom for the purchase? ON Microsoft" from 22.08.2013, author Igor Korolev, referring to a source "familiar with the investigation materials," pointed to the involvement of NVision Group in illegal schemes when purchasing software by a Russian operator of an American developer.

NVision Group is a major partner of Rostelecom and takes part in a number of large-scale operator programs. But cooperation concerns mainly service and infrastructure projects or software supplies of other international developers. NVision Group did not have a single major contract with Rostelecom for the supply of Microsoft products. The operator makes such purchases through other partners. That is, NVision Group could not be involved in what the author of the article is accused of.

In this regard, the information set out in the above article is extremely negative and defamatory for the business reputation of NVision Group, which conducts business activities in strict accordance with the norms of the current legislation of the Russian Federation and considers its business reputation to be one of the conditions for successful relations with Russian and foreign customers.

The company intends in court to seek from the publication the disclosure of the source referred to by the author, confirmation of the fact of unreliability of information, public refutation, as well as material compensation for the damage caused.

As a result of the dispute, a settlement agreement was concluded between the parties.

Founders of NVision demand compensation from Sistema

In October 2012, several people familiar with the founders of NVision Group told Vedomosti that after the deal with Sistema, the founders of NVision Group conducted an audit of the company. As a result of the audit, it turned out that when evaluating Sitronics, revenue indicators were overestimated, and this did not suit the founders. And they asked AFC for more than $100 million in compensation. Konstantin Malofeev says that disagreements between shareholders are a "working situation." And Dmitry Taraba assures that there are no disagreements between the founders of Envision and Sistema.

Malofeev acquires 25% in NVision Group

In October 2013, it became known that Konstantin Malofeev became the owner of a 25% stake in NVision Group, his friend told Vedomosti. He bought a 50% stake in the authorized capital of Envizhn Group Management Company LLC from its founders - Dmitry Taraba, Anton Sushkevich and Alexei Glotov; she, in turn, owns 50% minus 0.5 shares of NVision Group (the rest is owned by AFK Sistema Vladimir Yevtushenkov).

Malofeev and the representative of NVision Group confirmed the information about the transaction. According to Malofeev, during this transaction the company was valued no higher than in September 2012, when the assets of NVision Group were merged with those owned by AFK Sitronics and RTI Group. Then the share capital of the company was estimated at 20 billion rubles. Malofeev does not disclose what funds the acquisition was made for, but says that "this is a profitable investment of money," because within three years NVision Group should go public.

After concluding a deal with Sistema, the RTI group controlled by AFK became the owner of 50% plus 0.5 shares of NVision Group. For her share, RTI Group paid the founders of the company with money (3 billion rubles) and assets (two main assets of the IT company Sitronics were included in NVision).

Malofeev has been a large minority shareholder of Rostelecom for several years: now he owns 8.2% of the operator's shares. And NVision Group has also been a major contractor for Rostelecom for several years - the company is building data centers for the operator. The friendship of the two companies began even when Malofeev was the largest minority shareholder of Rostelecom and was a member of the operator's board of directors. In 2010, Rostelecom even wanted to acquire NVision, but the deal did not take place due to the fact that the parties could not agree on a price.

And recently, Malofeev acquired another major Rostelecom contractor, Soyuztelefonstroy. This is the main asset of Infra Engineering. Sources in many communications companies and construction contractors have spoken about the fact that Infra Engineering is related to Malofeev's Marshall Capital Partner since the day in 2010, the former general director of Svyazinvest Yevgeny Yurchenko first spoke about this holding in an interview with Vedomosti. According to Yurchenko, Svyazinvest (then the parent company of Rostelecom) transferred more than 80% of its contracts to Infra in 2010. The head of Infra, Sergei Ogorodnov and Malofeev, have always denied this.

Neither NVision nor Soyuztelefonstroy can now be called the main partners of Rostelecom, says a source close to the operator. He recalls that in April 2013, when a new management came to Rostelecom and the procurement system was revised, the operator significantly changed the terms of some contracts, saving more than 6 billion rubles as a result. This figure was also called by the vice president and CFO of Rostelecom Kai-Uwe Melhorn.

Immediately after the change of leadership, the execution of many contracts was suspended for the purpose of audit, said earlier Rostelecom President Sergei Kalugin. A source at Rostelecom said that not only the share of many companies in Rostelecom's contracts has changed, but also the amount of contracts.

Malofeev says that Soyuztelefonstroy and NVision are complementary assets. But in addition to "Rostelecom" they have other customers, he emphasizes. For example, the portfolio of the same NVision Group has contracts with more than 1000 clients. Among them, Russian Railways, Sberbank and VimpelCom^[13].

2012

AFK Sistema plans to acquire NVision Group

In January 2012, Sistema OJSC, RTI Group OJSC and Envision Group Management Company LLC signed a framework agreement governing the principles of future relations between the parties and defining the terms of the transaction for the strategic integration of assets of RTI OJSC and Envision Group CJSC.

In accordance with the agreements reached, OJSC RTI Group will acquire 50% of the company's shares from the shareholders of ZAO NVision Group. In addition, the shareholders of ZAO NVision Group will exchange the remaining 50% of the company's shares for shares of OJSC RTI Group of an additional issue. As a result of the transaction, the shareholders of ZAO NVision Group will receive up to $200 million in cash and will become the owners of a significant share in the authorized capital of OJSC RTI Group, having received a significant representation on the Board of Directors of OJSC RTI Group and the opportunity to influence its key decisions.

Today, NVision Group is one of the largest ICT companies in Russia. We expect that the integration of AFK Sistema's high-tech assets, consolidated on the basis of OJSC RTI Group, with the assets of NVision Group as a leading industry partner will lead to an increase in the shareholder value of the company and create obvious advantages in terms of expanding the scale of the business and achieving industry synergy, "said Mikhail Shamolin, President of AFK Sistema

.

"The proposed transaction corresponds to our strategy to form the largest high-tech company in the CIS market with a diversified portfolio of clients and technologies capable of performing turnkey and servicing complex projects of any complexity for the largest public and private customers. Integration will make it possible to fully use the complementary market and technological competencies of the parties, "said Sushkevich Anton, President of NVision Group

.

"The integration of assets and competencies of NVision Group and RTI Group, which have obvious synergistic potential, will strengthen RTI Group position as one of the leading suppliers of complex technological solutions with a high share of its own knowledge-intensive product. The ICT expertise of NVision Group can be successfully used in the strategic areas of RTI Group 's activities, including integrated security and communications systems, microelectronic and telecommunication solutions, "said RTI Group, General Director of OJSC Sergei Boev

.

The completion of the transaction is due to the fulfillment of a number of preconditions, including its approval in accordance with the corporate procedures of the parties to the transaction, obtaining all the necessary permits from state regulatory bodies, as well as the signing of a number of separate agreements related to the transaction.

Change in the scheme of agreement with AFK Sistema

On July 4, 2012, it became known that in the near future a binding agreement could be signed between the shareholders of NVision Group and the high-tech subsidiary of AFK Sistema, RTI Group.

Regarding plans for the deal announced in January, her scheme has changed. Instead of buying out NVision, it is planned to create a joint venture between RTI Group and the management company of the NVision group on its basis, a source close to one of the parties to the transaction says. Shareholders of NVision will remain the owners of about 50% of the combined company, says a source close to this company. Two 100% subsidiaries of Sitronics - Sitronics IT (formerly Kvazar-micro) and Sitronics Telecommunications Solutions, which brought more than 70% of Sitronics 's revenue in 2011, will be included in the capital. In exchange, Sitronics will receive an additional issue of NVision, after which RTI Group will redeem from the current shareholders of the company a block of shares necessary to bring the share of AFK to the control one. The exact sizes of these packages have not yet been determined. In addition, partners may have to wait for the completion of the forced buyback of RTI Group 0.52% of Sitronics shares and the delisting of its shares from the LSE, warns one of Vedomosti's interlocutors^[14]. The buyout will end in mid-August 2012.

The purchase of NVision is the third attempt by Sistema to conquer the system integration market. In 2000, AFK bought one of the largest integrators - Ankey, but could not keep its key employees. In 2004, Sitronics, on the basis of which Sistema decided to build an IT holding, bought a controlling stake in the Ukrainian integrator Quasar-micro for almost $200 million. In 2007, AFC brought Sitronics to the stock exchange, but in five years its value fell by an order of magnitude.

In the summer of 2012, the RTI Group paid for the purchase partially in cash in the amount of 3 billion rubles, partly by adding assets to ZAO NVision Group that were part of the Sitronics and Sitronics Telecommunications Solutions segments (except for INTRACOM TELECOM).

Personnel changes due to the transaction with the "System"

On October 17, 2012, NVision Group introduced new top managers: Evgeny Maksimenko, Mikhail Minkovsky and Boris Volpe. These appointments are part of a reorganization related to the integration of the ICT assets of AFK Sistema (OJSC RTI Group) and ZAO NVision Group.

Evgeny Maksimenko at NVision Group became the head of the division for working with AFK Sistema. His responsibilities include the development of relations with companies that are part of the corporation's structure.

Mikhail Minkovsky has been appointed Director of the Center for New Technologies at NVision Group. This division is responsible for the development of new products and solutions, technological forecasting and advanced research and development (R&D, R&D).

Boris Volpe took over as vice president - director of the department for business development. The complex he heads will support sales, which will allow the company to provide customers with even better expertise on solutions and system architectures.

At the end of the year, according to CNews, NVision Group is the third IT company in Russia in terms of revenue (59 billion rubles in 2012).

Network Operations Center (NOC)

NVision Group opened its own Network Operations Center (NOC) at the end of 2012. It is designed to provide quality service to large geographically distributed infrastructures as part of outsourcing projects. The Center's capabilities are already used by corporate customers, mainly telecom operators, in the future it is planned to provide services to medium-sized businesses.

"The center was created as a response to the need of our customers for high-quality maintenance of complex infrastructures. As in other countries, Russia understands the advantages of outsourcing network operation, and in general, the trend towards the use of outsourcing is gaining momentum. In the Russian NOC, we will use automated tools to improve the quality and performance of customer networks, and at that time they will be able to focus on the main business - to pay more attention to the development of services and increasing profitability, "said Maxim Semenikhin, director of the outsourcing and consulting department of NVision Group

.

The main task of NOC is to ensure uninterrupted operation of data transmission networks, storage systems, computing resources and customer services. The engineers of the Center promptly take measures both on customer requests and on signals about malfunctions received from automatic infrastructure monitoring tools. NOC Intelligence collects information about all incidents and how to resolve them. The best practices accumulated by experience turn into optimal algorithms for solving typical problems and recommendations for modernizing and optimizing infrastructures.

Sitronics IT comes under the control of NVision Group

In September 2012, the company Sitronics"" became part of the "NVision Group" as a result of the integration of the IT assets of the Group OJSC RTI GROUP"" and ZAO "NVision Group."

2011

Rumors about Rostelecom's refusal to buy a stake in NVision Group

In January 2011, new information appeared that Rostelecom may refuse to buy the system integrator NVision Group. As it became known to Kommersant, the deal may not take place, since the owners of the Nvision Group, estimated at about $270 million, do not intend to part with control in the system integrator.

A source close to the negotiations told Kommersant that the deal between Rostelecom and the shareholders of NVision Group may not take place. According to him, the main reason is the reluctance of existing shareholders in the future to lose control of the company. In addition, adds the interlocutor "Kommersant," there were legal problems in the execution of the transaction. Dmitry Markushkin, head of the NVision Group press service, told Kommersant that the company's intentions remain the same.

"To complete the transaction, it is necessary to comply with a number of corporate procedures and legal formalities," said Mr. Markushkin

.

Despite the fact that the deal was not closed, NVision received a row to participate in the implementation of the state program "Electronic Government."

On March 14, 2011, a source close to Rostelecom's management told Vedomosti that the company had not agreed with the seller on the final terms of the transaction. According to an interlocutor close to the board of directors of Rostelecom, the owners of the system integrator have lost interest in the sale on the terms of Rostelecom.

NVision Group CEO Valery Rostokin claims that the negotiation process is ongoing. The memorandum concluded in the spring of 2010 between Rostelecom and the owners of NVision remains in force and "no one has canceled it," he adds.

Change of CEO: Tarasenko instead of Rostokin

In July 2011, it became known about the change of the general director of NVision Group. Instead of Valery Rostokin, Alexey Tarasenko was appointed to this position.

Fin results of the year in the company's branches

The turnover of the NVision Group branch in calendar year 2011 amounted to over 1.4 billion rubles, which is 15% more than in 2010. The main growth points were large integration projects for telecom operators, engineering companies, rocket companies and the military-industrial complex.

The gross revenue of the NVision-Siberia branch for 2011 calendar year increased by 6.5% and amounted to 1.64 billion rubles. Last year, the public sector became the main engine of the Siberian IT market. About 60% of our revenue came from projects under government contracts. In the near future, we expect Siberia's IT market to grow by 17%. In this regard, we plan to open three additional offices of the Siberian branch - in Irkutsk, Omsk and Kemerovo.

The turnover of NVision-Ural for the calendar year 2011 amounted to 1.55 billion rubles, which is 12% higher than last year. The plans include an increase in turnover by at least 30%. It is planned to open and develop additional units in all major cities of the Ural Federal District and Perm Territory: in Perm, Chelyabinsk, Khanty-Mansiysk, Salekhard, Tyumen and Kurgan.

2010

Rostelecom Board of Directors approves purchase of 25% in NVision Group

In April 2010, the Board of Directors of Rostelecom approved a deal to acquire a stake in the NVision group of companies (NVision brand) by participating in an increase in the authorized capital of the EnvIsion Group Management Company. As a result of the completion of the transaction with Rostelecom, its share in the authorized capital of the Management Company of the NVision Group will be 25%. Having bought 25% of NVision, Rostelecom will receive a veto on the most important decisions, says a source on the Rostelecom council. In two years, he will be able to take advantage of the option to increase the package to the control one. If the NVision business does not meet expectations, then three years after the deal, Rostelecom may sell 25% at a price calculated by independent^[15].

The exact amount of the transaction will be determined later, but it was reported that it would not exceed $50 million. Rostelecom planned to close this deal before the end of summer, but has not yet closed it by the end of September 2010.

Rostelecom approves the strategy of NVision Group

In August 2010, the strategy committee under the board of directors of Rostelecom approved the NVision Group strategy developed by the consulting company Roland Berger, a source on the board of Rostelecom said. This document states that in three years the cost of NVision will increase to $600 million due to the expansion of cooperation with the combined Rostelecom (it will be created on the basis of Svyazinvest's subsidiaries by March 2011) and new contracts.

Such a strategy has been developed, the general director of Svyazinvest Yevgeny Yurchenko knows. But he doubts that the deal with NVision will take place: according to him, negotiations have been suspended since he disagreed that most of the decisions on Svyazinvest are made by immigrants from the Marshall Capital Partners investment fund.

How Rostelecom estimated the cost of NVision Group

On September 24, 2010, CNews published materials calculating the value of NVision's business. Rostelecom estimated the current value at four EBITDA indicators for 2009 - $139.3 million, and the "target" (taking into account net debt) - at $150 million. This assessment is also relevant in September 2010, says a source in the Rostelecom council. To it will be added the cost of the additional issue, which will be bought by Rostelecom. It was assumed that it would be $50 million, but NVision's revenue for 2009 was lower than forecast, so the transaction amount will decrease to $45 million, says a source in the council. The materials of NVision indicate: revenue for 2009, according to management reporting ($410 million), did not reach the 4% plan. The deal will cost "$40 million with a little," says another manager close to the deal.

If Rostelecom estimates NVision at four EBITDA, it will not overpay, says Konstantin Chernyshev from Uralsib. The capitalization of IBS Group is now equal to eight forecast EBITDA indicators for 2010, and Armada - 4.3 EBITDA, he gives an example.

Negotiations are underway and the deal will be closed, says Rostelecom CEO Alexander Provotorov, a source at NVision Group confirms. The registration of the transaction was delayed due to personnel movements in Svyazinvest, explains a source in NVision. In July, the general director of Rostelecom changed, and on September 10, Yurchenko wrote a letter of resignation - however, almost immediately recalling it.

Company structure

"Management company of the group" NVision. " The company has branches in Novosibirsk, Krasnoyarsk,, Irkutsk Kemerov, Omsk,,, Krasnodar Sochi St. Petersburg,, and, Nizhny Novgorod Yekaterinburg Vladivostok as well as representative offices in the CIS countries - in (Almaty Kazakhstan) and (Tashkent Uzbekistan).

In November 2010, NVision Group announced the opening of a branch in Sochi, NVision Group. NVision-Sochi will become the tenth representative office in the NVision Group regional network, which includes branches in St. Petersburg, Novosibirsk, Nizhny Novgorod, Yekaterinburg, Krasnodar, Vladivostok and Krasnoyarsk, as well as in the CIS countries - in Kazakhstan and Uzbekistan.

• NVision-Siberia was established on November 2, 2007 to represent the interests of the company in the Siberian Federal District. The number of employees of the branch is 61 people.

• NVision Group was established in 2008 to represent the interests of the company in the Volga Federal District. The number of the team is more than 40 people. Since 2009, the branch ranks first in the annual ranking of IT market players specializing in system and network integration services in the Volga Federal District.

• Envizhn-Ural was formed in 2010 on the basis of the largest IT company in the region Universal Systems to represent the interests of NVision Group in the Ural Federal District. The number of employees of the branch is 78 people.

Fin results of the year: revenue of 22 billion (+ 65 %)

In the 2010 financial year (expired at the end of March 2011), NVision Group's revenue amounted to 22 billion rubles, which is 65% higher than in 2009. The company's EBITDA margin also rose to 10%.

• NVision-Siberia: The turnover of the branch in 2010 amounted to 1.54 billion rubles, which is 39% more than in 2009.
• NVision Group: The turnover of the branch in 2010 amounted to 1.23 billion rubles, which is 2.6 times more than in 2009.
• NVision-Ural: Turnover in 2010 amounted to RUB 1.53 billion, which is 12% more than in 2009.

The share of IT services in the structure of the company's turnover amounted to 36%. The key project implemented in 2010, NVision Group calls the modernization and expansion of the IP/MPLS network capacity of OJSC Rostelecom"."

2009: Owners of the company

The founders of ZAO NVision Group, according to the Unified State Register of Legal Entities as of October 2009, were:

• Olga Perekatenkova,
• Alexey Glotov and
• Maxim Ponomarenko (one of the top managers of Atlantis Communities).

The chairman of the board of directors is Dmitry Taraba, who previously held the post of First Deputy General Director of Atlantis Communities^[16]

IFRS indicators:

• revenue - $317.6 million (12.885 billion rubles)
• EBITDA - $34.8 million,
• Net profit - $26.8 million^[15]

The management company NVision Group, incorporated in November 2009, has five shareholders:

• Anton Sushkevich (CEO of NVision Group, 38%),
• Olga Perekatenkova (28.75%),
• Dmitry Taraba (Chairman of the Board of Directors of NVision Group, 22.25%).
• Alexey Glotov (10%),
• Anatoly Goncharov (1%).

2008: Revenue of $568 million

According to Forbes^[17]in 2008 Envision began to cooperate with state-owned Rostelecom and Svyazinvest - the integrator's revenue immediately more than doubled, from 4.7 billion to 10.7 billion rubles.

At the end of 2008, the turnover of NVision Group amounted to $568 million, which is 112 % more than last year. According to SPARK, in 2008 the company's revenue amounted to 10.76 billion rubles. According to the ratings of ICT companies in Russia at the end of 2008 (Kommersant-Money and Expert RA), NVision Group was among the TOR-10 largest participants in the Russian information and communication technology market. The implementation of the development strategy, based on the maximum provision of modern technological innovations and complex services in the field of information and communication technologies, made it possible to become NVision Group an intelligent integrator. In 2008, NVision Group retained and strengthened its leading position in relations with international manufacturers - the highest partner statuses of IBM, Cisco, Juniper, HP, Sun, Microsoft and others were confirmed. The company has received a number of prestigious awards from EMC, HP, Juniper, TANDBERG, Cisco, etc.

2007: Voice Solutions and Physical Security

In 2007, NVision Group opened new areas of activity - voice solutions for telecom operators and physical security systems. The company's turnover amounted to about $260 million. In addition, branches were formed in St. Petersburg, Novosibirsk and Nizhny Novgorod. The list of partners of the company includes more than 50 manufacturers of information and telecommunication equipment, as well as software.

2006: Office in Kazakhstan and Information Security

In 2006, the office of NVision Group was opened in Kazakhstan. The company's turnover amounted to about $141.5 million. In the same year, NVision Group opened a new direction of activity - the introduction of information security systems. The list of partners increased by 10 companies - manufacturers of equipment and software.

2005: Partnership with Juniper, 70% increase in turnover to $75 million

2005 marked the beginning of a partnership with Juniper. The company's turnover in 2005 amounted to about $78 million, an increase in income compared to 2004 - 70%.

In 2005, a number of large-scale projects for corporate and government agencies were also implemented: a series of multi-profile IT projects in the companies included in the Svyazinvest holding; projects within the framework of state information programs carried out in the interests of the Accounts Chamber and the control and accounting bodies of the Russian Federation; creation of information systems and development of recommendations for the development of a regulatory reference information system for the Unified Information Space of Moscow.

2001: Envision Group Foundation

The group of companies "NVision Group" was founded in 2001. The main activity was the integration of complex information and telecommunication systems.

In 2003, the company was certified for compliance with the ISO 9001 standard. Certification of the company was carried out in the certification systems GOST R (Russia) and DAR (Germany). In 2004, NVision Group signed partnership agreements with Hitachi Data Systems ( HDS) and Tandberg and became a key partner of these manufacturers in Russia.

Awards

Notes