Red Soft Red Soft

Red Software is a Russian provider of IT services and information management solutions based on open source software (software). The company was established in 2006. Red Software carries out comprehensive projects in the field of data storage and management based on its own technology stack.

The purpose of Red Software is to create a structure for the development and maintenance of system-wide software based on open source code on the territory of the Russian Federation, including industrial database management systems (DMS), systems for supporting the functioning of data storage, knowledge management systems.

Red Software is actively expanding its partner network. As of March 2019, technological cooperation agreements have been signed with a number of industry companies.

Performance indicators

2023: Revenue growth of 60%

Red Soft's revenue in 2023 amounted to about 2.1 billion rubles, an increase of 60%. According to the database of legal entities "Kontur. Focus," for the reporting period the company received a net profit of 218.1 million rubles. According to the audit report published in the FTS database , 78% of revenue was received from the sale of software licenses and its technical support, and 22% from the sale of services for development, refinement, technical support, IT consulting, etc.

The main focus of customer requests is on the underlying software that interacts with the hardware infrastructure. According to Red Software, the volume of revenue from sales of the Red OS operating system overcame 1.08 billion rubles, an increase of 85.24% compared to the previous ^[1].

Revenue from the sales of the server and workstation virtualization management system (Red Virtualization) showed even more significant dynamics: 2.5 times growth - up to 249.70 million rubles.

The main focus of the request of Red Software customers falls on the basic software

Projects in the field of digitalization, in particular, the development and maintenance of information systems, demonstrated, on the contrary, a decrease in revenue by 3.03%.

In 2023, the company focused on developing its product portfolio. So, in October 2023, she released the mobile OS Red OS M"," the first Russian OS based on Android Open Source Project. In early March, at a press conference "Russoft" , the deputy general director of Red Soft Rustam Rustamov noted that it found a great response to the market in the form of tests and pilot projects.

The company also continues to develop its product for managing IT infrastructure Red ADM. According to Red Software, there are still many customers in the infrastructure, Microsoft so it was important to make a solution that allows you to work in a single heterogeneous environment with Microsoft services and smoothly switch to domestic services. From the system software also develops. DBMS "Red Database"

In February 2024, Red Software released a new version of its flagship product Red OS - a major update in which one of the key changes is a more friendly user interface based on the collected feedback from customers and partners.

Red Software also continues to develop a partner ecosystem: at the beginning of March, the company has more than 600 software development partners, more than 100 hardware development partners and more than 3 thousand compatible solutions. And these indicators are growing.

In 2024, Red Software continues to work on expanding the product line, developing integration and increasing compatibility with solutions from other Russian software and hardware manufacturers. The focus of increased attention also remains the strengthening of personnel.

Red Software faces great challenges that require the company to increase investment. Investments for IT companies are primarily investments in the development of personnel. This is necessary to improve the quality and speed of development of the software created by the company, as well as to expand the product line. We continue to improve the product line, making it even more user-friendly. Experience suggests that the efforts made should be transformed into stable revenue growth in the medium and long term, - quotes Red Soft CEO Maxim Anisimov.

Products

Red Soft has its own line of products: Red OS, DBMS Red Database, Red Document Management Platform, Redshlyuz. All named products are included in the Register of Domestic Software.

• Red OS is a domestic distribution of the operating system. Certified by FSTEC of Russia. No. 3751 in the Register of domestic software.
• DBMS Ed. Database"" - the Russian a control system databases with. open source Its kernel is built on the basis of one of the most famous and widespread open source DBMS in the world -. Firebird Certified by FSTEC of Russia. The system "Red Database" is assigned No. 1 in the Register. domestic software

Customers

Among the customers of Red Soft are large commercial organizations, as well as more than 20 government bodies, including the Federal Bailiff Service, the Prosecutor General's Office of the Russian Federation, and the Ministry of Defense of the Russian Federation. Projects are also being implemented in the regions of Russia.

History of development

2024

Opening of IT laboratory in Sirius

The opening IT of the laboratory in. This was Scientific and Technological University "Sirius" announced by Red Soft on August 30, 2024. Students have access to space equipped with the RED SOFT company computers Russian : students will master the work with the company's solutions for production. The project included the supply of equipment and, licenses training of teaching staff and assistance in the development of a curriculum. More. here

Placement of Series 002R-05 Exchange-Traded Bonds

On July 1, 2024, the placement of the issue of RED SOFT series 002R-05 exchange-traded bonds (registration number of the 4B02-05-00372-R-002P issue dated 27.04.2024, ISIN RU000A108VM8) was completed. Despite the difficult time in the bond market for investors due to uncertainty about the future trajectory of the key rate, the Company managed to attract investments in the amount of 100 million rubles, the total number of bonds placed amounted to 100,000 units. The funds received during the placement will be used to finance the main activities of RED SOFT, replenishment of working capital and general corporate needs.

The securities will be traded on the Moscow Exchange within two years and will be redeemed on June 29, 2026. Investors have the opportunity to receive a coupon yield for each exchange-traded bond of twenty-five (20.5) percent per annum, with the coupon yield paid quarterly. In addition to the above financial instrument, two more issues of the Company's exchange-traded bonds (series 002R-03 and 002R-04) totaling 200 million rubles are in circulation on the Moscow Exchange. Exchange-traded bonds of the 002R-03 series will be redeemed according to the decision on the issue of December 04, 2024.

The attraction of financing in the bond market is an integral part of RED SOFT's strategic development aimed at expanding the Company's product line and improving the quality of the services provided. We continue to continuously move forward and strengthen our position in the Russian IT market. We feel confidence from our investors, which allows us to grow rapidly, solve serious tasks set for us, systematically engage in the creation of Russian products to achieve the technological sovereignty of Russia. We thank everyone who took part in the placement!, - commented the general director of RED SOFT Maxim Anisimov.

Inclusion in the US sanctions list

On February 26, 2024, RED SOFT announced that the inclusion in the next US sanctions list would not affect its activities.

On February 23, 2024, the US Treasury Department imposed sanctions against more than 500 individuals and legal entities associated with the Russian Federation, including RED SOFTWARE.

RED SOFTWARE notes that foreign proprietary components are not used in software development. All development and technical support is carried out in the controlled zone on the territory of the Russian Federation and is provided by RED SOFT employees in the country.

The technologies, scheme and frequency of the release of product releases are determined exclusively by RED SOFT based on the needs of the Russian market and its own vision of development. RED SOFTWARE is not tied to any repositories and distributions, so sanctions and other restrictive actions cannot affect the company's processes in any way.

RED SOFT continues its activities without any interruptions. The company's products are available for purchase, work with customers and technical support is provided normally.

Despite the difficult geopolitical situation, we are ready to answer any challenges. RED SOFT operates normally, ensuring the development of the product line and a high level of its technical support. Project activities, in particular through state information systems, are gaining momentum. Limitations help you better focus on strengths and take advantage of new opportunities. We continue to fulfill our obligations towards our clients and partners and look forward to further long-term and mutually beneficial cooperation, "said Maxim Anisimov, CEO of RED SOFT.

Russian IT companies that fell under US, EU and British sanctions in 2022-2024 TAdviser map

Map of sub-sanctioned IT companies. Click to enlarge

TAdviser drew up a map of Russian IT companies in 2022-2024. which fell under the sanctions of the United States, the EU and Britain. It included, among other things, the RED SOFT company. The article about the map can be found here.

Conclusion of a cooperation agreement with Norilsk Nickel

The Russian developer RED SOFT and PJSC MMC Norilsk Nickel have signed a cooperation agreement. Signatories were the General Director of RED SOFT Maxim Anisimov and Vice President for Information Technology of Norilsk Nickel Liana Yermishina. Read more here.

2023

7th place in the TAdviser rating "The largest DBMS developers in Russia"

Red Soft took 7th place in the ranking of the largest developers DBMS in, Russia prepared TAdviser in October 2024 on the basis of companies' revenue from the implementation/delivery of their own DBMS in 2023. More. here

6th place in the TAdviser ranking "The largest developers of server virtualization platforms"

The Red Soft company took 6th place in the ranking of the largest platform developers, virtualizations servers prepared TAdviser in July 2024 based on the revenue of companies from projects to implement/supply their own solutions in 2023. More. here

2022

Revenue growth more than 2 times to 1.29 billion rubles

Russian software developer "Red Soft" March 29, 2023 shared with TAdviser audited financial results for 2022 in accordance with the Russian Accounting Standard (RAS). At the end of 2022, the company's revenue increased more than 2 times (by 122.30%) and amounted to 1.29 billion rubles. In the ranking "TAdviser100: The largest IT companies in Russia 2023," such an indicator allowed the company to take 196th place (96th line of the list of applicants for inclusion in the number of the largest IT companies in Russia).

Profit before deduction, taxes interest, depreciation and amortisation (indicator) EBITDA increased by 59.42% to 285.07 million rubles. At the same time, the value of EBITDA margin remained double-digit, amounting to 22.04%.

The indicators characterizing the financial stability of Red Soft have also improved - for example, according to the results of the reporting period, the debt/EBITDA decreased to 1.18, the interest coverage ratio (ICR) reached 5.30 (the ICR rate indicator - from 2.5).

The company's system software sales grew 4.61 times in 2022 from the previous year. Among the products popular with customers are, operating system Red OS DBMS "," "" and Ed. DatabaseRed Virtualization others. According to the general director of Red Soft, Maxim Anisimov after in 2022 organizations of various levels faced the withdrawal of Western IT giants from the market and the blocking of their products, Red OS observes a high demand for the company's products in all industries, economies mainly in,,,. ENERGY INDUSTRY industries to medicine education

Profit from the implementation of projects in the field of digitalization, in particular, on the development and maintenance of information systems, also showed an increase of a quarter.

"Despite the previously existing hegemony of foreign companies, Red Soft has been working for many years to improve and increase the functionality of its software, including under market requests. The technological maturity of our products allows us to successfully cope with the tasks set and replace foreign analogues in government bodies, in large corporations with state participation and at other enterprises, "added Maxim Anisimov.

In 2023, Red Software intends to continue the development of its own software in order to fully replace products and Microsoft Oracle other foreign IT companies in. of the Russian Federation In addition, the company plans to pay increased attention to strengthening the workforce of IT specialists in demand on the market to improve the functionality of existing products, as well as the development of new software. So, in March 2023, Red Soft has already announced the release of a system for centralized management. IT infrastructure RED ADM

"Last year, the Red Software company actively invested in personnel, increased personnel, in connection with which we expect to strengthen the quality of the developed software and expand the product line. This is necessary both to solve the tasks set to achieve the technological sovereignty of the country as a whole, and to meet the demand from customers. All investments should be transformed into an increase in revenue in 2023 and an improvement in our financial indicators, "concluded Maxim Anisimov.

Russian virtualization. Review of 15 developers of domestic products

The TAdviser analytical center studied who is on the Russian virtualization market, analyzed the functional and integration capabilities of products, and assessed the experience of development companies. Among the companies and products studied are RedSoftware (RED Virtualization product). Read more about the research here.

Cooperation Agreement with the Vladimir Institute for the Development of Education in the Field of Science

The Vladimir Institute for the Development of Education named after L.I. Novikova (VIRO) and the Russian developer "| RED SOFT" signed an agreement on cooperation in the field of science and the development of innovative activities. The parties will jointly train employees of educational organizations in the region to work on Russian software. Red Soft announced this on December 5, 2022. Read more here.

Tadviser interview with Deputy General Director Rustam Rustamov

In November 2022, in an interview with TAdviserRustam Rustamov, Deputy General Director Red Soft, spoke about the creation, compatibility and development of OSR OS. Read more here.

2021

Revenue - 582 million rubles

At the end of 2021, Red Soft's revenue amounted to 582 million rubles.

Placement of exchange-traded bonds worth 100 million rubles

On May 20, 2021, the placement of the second issue of Red Soft exchange-traded bonds under the second exchange-traded bond program began. The issue with a nominal value of 100 million rubles was fully placed in one day.

Securities will be traded on the Moscow Exchange within three years and will be repaid 16.05.2024.

Investors have the opportunity to receive coupon income for each exchange-traded bond in the amount of 11% per annum, with coupon income paid quarterly.

"The result of the placement indicates high confidence in Red Soft in the capital market. As an issuer, we will continue to fulfill our obligations in good faith. We will continue to strengthen the reputation of a reliable partner, improving the quality of the products and services provided. We thank the company IC "Rick-Trust," the organizer and underwriter of the issue, for their professional work, "commented Maxim Anisimov, General Director of Red Soft.

RED SOFT - TAdviser SummIT participant

On May 26, 2021, TAdviser SummIT will be held in Moscow. The developer of the fastest service on the Public services portal RED SOFT will demonstrate its sanctions-resistant solutions and talk about the company's products.

Ivan Ivlev, Deputy Director of the Department for the Development of System Products of RED SOFT, will speak at the IT in the Public Sector section with a report "RED OS as the basis for import substitution of state bodies." The session starts at 3:30 p.m.

At the TAdviser SummIT exhibition, the RED SOFT team will present a new version of the RED OS 7.3 operating system and a solution for organizing a remote workplace based on RED OS "Working at Home."

RED OS - The Russian operating system family Linux for servers and workstations, providing a universal environment for using the application. software The product is certified (FSTEC Russia No. 4060 of 12.01.2019), which confirms its compliance with the requirements information security and allows its use in state information systems. RED OS is registered in the Unified Register of Russian Computer Programs and Databases Ministry of Digital Development, Communications and Mass Media of Russia (No. 3751).

The "Work at Home" solution is used to organize a remote workplace based on RED OS.

Venue: Moscow, 1 Samara Street (Radisson Blu Olympiyskiy Hotel, Ballroom).

We invite you to visit the RED SOFT stand!

Repayment of bonds of the second issue worth 100 million rubles

• The Russian IT Red Soft Company May 13, 2021 announced the repayment of bonds the second issue with a total face value of 100 million rubles under the program registered Moscow Exchange on May 7, 2018.

Securities were traded on the Moscow Exchange for two years, from 16.05.2019 to 13.05.2021. Investors had the opportunity to receive coupon income for each exchange-traded bond equal to 13.5 percent per annum, while coupon income was paid quarterly. Based on the successful results of the previous three issues, Red Soft plans to carry out the next issue of bonds with a total face value of 100 million rubles. The estimated coupon rate will be from 10.5% to 11.5%, the circulation period is 3 years.

"We adhere to clear rules for fulfilling financial obligations, as we understand that this directly affects the company's reputation not only among investors, but also in the market as a whole. Thanks to the funds raised, we expand the staff of developers, strengthen marketing, and finance research. As a result, even in the context of the coronavirus crisis, the company was able to increase revenue, and all obligations to investors and counterparties were fulfilled in a timely manner and in full. We plan to continue to use bond instruments to finance the activities and development of the company, "commented Maxim Anisimov, General Director of Red Soft.

Presentation of RED OS 7.3 on TAdviser IT Security Day

On April 7, 2021, TAdviser "IT Security Day" will be held in Moscow. Within the framework of the conference, the RED SOFT team will present a new version of the operating system RED OS 7.3 and a solution for organizing a remote workplace based on RED OS "Work at Home."

RED OS is a Russian operating system of the Linux family for servers and workstations, providing a universal environment for using application software. The product is certified by the FSTEC of Russia (No. 4060 of 12.01.2019), which confirms its compliance with information security requirements and allows its use in state information systems. RED OS is registered in the Unified Register of Russian Programs for Computers and Databases of the Ministry of Telecom and Mass Communications of Russia (No. 3751).

The solution "Work at home is used to organize a remote workplace based on RED OS. LiveUSB with the RED OS operating system allows you to work in two modes: terminal or workstation. Thermal mode provides a connection to a remote desktop or VDI infrastructure. The "workstation" operates in read/write mode, contains a basic set of applications for operation and is a full-fledged operating system.

The conference will be held at: Moscow, st. New Arbat d. 32 (Hotel "Moscow Marriott Hotel Novy Arbat," Pushkin Hall). Beginning at 10.00.

We invite you to visit the RED SOFT stand!

2020

Credit rating by ACRA

Analytical Credit Rating Agency (ACRA) assigned the Russian developer RED SOFT a credit rating BB (RU), the forecast is Stable. Read more "РЕД_СОФТ" here.

Opening of the training center in DSTU

The Red Soft training center was opened at the Dagestan State Technical University. This was announced on November 5, 2020 by Red Soft. Read more here.

Joining NP Russoft

On September 3, 2020, Red Soft announced its entry into the Non-Profit Partnership of Software Developers. " Russoft At the beginning of September, more than 170 organizations are members of the Association.

The decision to join the company was made at the next meeting of the Russoft board on August 27. The main goal of the Association is to interact with authorities to defend the interests of the IT industry, as well as develop the sphere of software development in Russia and promote the export of software products and services for developing solutions.

Membership in Russoft will allow Red Software to expand its opportunities to exchange experience with domestic IT companies, as well as to interact more closely with Russian customers interested in import substitution.

The Red Soft Company is aimed at active participation in all areas of the Association's activities. I am sure that the consolidation of the efforts of the members of NP Russoft will not only create new joint high-tech solutions, but also ensure their entry into the international market, "said Rustam Rustamov, Deputy General Director of Red Soft.

"I am glad that Red Soft will join NP Russoft." I have known the company and its management well and for a long time, I follow its successes. With the arrival of Red Soft, we will collect the entire color of domestic system software developers, which allows us to form consortia to solve the widest (almost any) range of tasks of building trusted systems - both for import substitution and for building platform solutions for the global market, "commented the event Valentin Makarov, President of NP Russoft.

Issue of exchange-traded bonds worth 100 million rubles

On June 18, 2020, the placement of the first issue of RED SOFT exchange-traded bonds under the second exchange-traded bond program began. The issue with a face value of 100 million rubles was fully placed in just 2 days. Red Soft announced this on June 19, 2020.

Securities will be traded on the Moscow Exchange within three years and will be repaid 15.06.2023. Investors have the opportunity to receive coupon income for each exchange-traded bond equal to 12.5% per annum, while coupon income is paid quarterly.

The result of the placement indicates high confidence in RED SOFT not only in the information technology market, but also in the capital market. As part of the first program, we continue to fulfill our obligations in good faith. We will continue to strengthen the reputation of a reliable partner, - commented Maxim Anisimov, General Director of RED SOFT.

Issue of bonds for 1 billion rubles

On June 16, 2020, the Moscow Exchange registered the issue of Red Soft bonds of the 002R-01 series and included them in the Third Level section of the List of Securities Admitted to Trading. This was announced on June 18, 2020 by the Red Soft company.

The volume of the program is 1 billion rubles, and its validity period is 15 years, with the possibility of placing bonds for up to 5 years.

On June 18, 2020, the public offering of the first bond issue under this program for 100 million rubles began: investors will have the opportunity to buy RED SOFT bonds with a coupon income of 12.5% (coupon is paid 4 times a year) and a three-year maturity.

The first program of RED SOFT bonds with a volume of up to 200 million rubles and a circulation period of up to 3 years was registered in March 2018. Under this program, two issues of bonds of 100 million rubles were placed, the first of which was repaid in early May 2020.

Timely fulfillment of RED SOFT financial obligations is a serious indicator. As part of the releases of the first program, we raised funds to develop the product line, which ensured not only progress in development, but also an increase in sales. Investors received the expected income in full. This successful experience allowed us to register another bond program with a total face value of 1 billion rubles. Such a step is due, first of all, to the long-term plans of the company in the field of development of domestic software, as well as the intention to increase the credit of trust, - commented Maxim Anisimov, General Director of RED SOFTWARE.

Murom College of Electronic Instrumentation has become the center of competence "Red Soft"

The Murom College of Electronic Instrumentation received the status of the Red Soft competence center - a Russian developer and supplier of IT solutions and services. This was reported on May 27, 2020 by Red Soft. Read more here.

Repayment of the first issue of bonds worth 100 000 000 rubles

May 13, 2020 - the Russian IT RED SOFT announced the redemption of bonds of the first issue with a total face value in 100 000 000 rubles under the program registered Moscow Exchange on May 07, 2018.

Securities were traded on the Moscow Exchange for two years, from 14.05.2018 to 11.05.2020. Investors had the opportunity to receive coupon income for each exchange-traded bond equal to 14 percent per annum, with coupon income paid quarterly.

The successful experience of the first issue allowed RED SOFT to register another bond program with a total face value of 1 000 000 000 rubles.

Timely fulfillment of financial obligations is an indicator of the company's maturity. RED SOFTWARE managed to raise funds for the development and improvement of its products, which made it possible not only to improve them, but also to sell them well. Investors received the expected income in full. We plan to further develop the bond financial instrument through the launched program, commented Maxim Anisimov, General Director of RED SOFT.

Creation of an authorized training center based on UZGU

On April 29, 2020, RedSoft announced that an authorized training center for a Russian developer and provider of IT solutions and services RED SOFT began its work in Kursk on the basis of Southwestern State University. Read more here.

Plan for the creation of a training center in Dagestan

On March 6, 2020, a number of agreements were signed between FSBEI HE Dagestan State Technical University and the Russian developer RED SOFT. The package of documents provides for:

• training of qualified specialists in the company's products;
• creation of training centers for training users and specialists to work with the company's products;
• creation of a competence center for the company's products, etc.

Read more here.

2019

Revenue growth by 89% to almost 288 million rubles

Red Soft's revenue in 2019 increased by 89%, to almost 288 million rubles, follows from the company's annual report published in March 2020. Net profit, which was greatly reduced in 2018, increased 126.67 times over the year - from 549 thousand rubles to 69.5 million rubles.

Net profit after the failure in 2018 shows a positive upward trend, which is due to a number of factors. Firstly, the improvement in this indicator was due to an increase in revenue from the sale of licenses and the provision of services in the field of IT, - said in the annual report of Red Soft.

Secondly, the fact of concluding a partnership with the Skolkovo Foundation had a positive impact, one of the results of which for the company was tax incentives for the payment of corporate income tax and value added tax.

Investments made in 2017-2019 in the development of commercial software products, namely the RED OS operating system, the Red Database database management system, made it possible to significantly increase revenue and expand the client base, the company writes in its annual report.

At the same time, it follows from the report that the vast majority of revenue - 245.38 million rubles - fell on the provision of services in the field of information technology. The company earned 42.5 million rubles from license sales.

Investments in the development of solutions using artificial intelligence (AI) technologies have not yet brought significant profits, the company says in its annual report. In this area, the company created two products: the Gembaface software package, Gembatracker (facial recognition system), as well as a service for assigning codes of the type of permitted use to real estate objects. Red Soft will continue to search for areas of their application.

According to the database "Kontur. Focus," among the largest state contracts "Red Soft" concluded in 2019 - an agreement for services for the maintenance and development of the system of interdepartmental interaction of the Federal Service for Supervision of Transport (Rostransnadzor), work on the development of a single AIS of the same department, services for finalizing and ensuring the functioning of the information system of the Federal Communications Agency.

Amid the rise in revenue and profit figures, the company set about limiting growth in its administrative costs, the report said. Red Soft will continue to optimize the functions and tasks of employees, despite the increase in the number of personnel, as well as increase the efficiency expressed in minimizing the cost of attracting new customers per customer. This is supposed to be implemented by expanding the network of distributors and partners.

According to the company's management, at the end of 2019, it reached "the optimal capital structure, where about 60% are own funds, and borrowed financing falls on the remaining 40%."

The total volume of public debt obligations of Red Soft amounted to 200 million rubles. It is comfortable for the company and the growth of borrowing volumes is not expected until the moment of a significant increase in revenue volumes, the annual report says.

Business partner of restaurateur Arkady Novikova became co-owner of Red Soft

In December 2019, one of the Red Soft companies - Red Soft Center LLC - changed owners, according to the information in the database on legal entities "Kontur. Focus." The new owners are Vladimir Zotov and Nikita Grevtsov, who own shares of 51% and 49% in Red Soft Center, respectively. At the same time, Grevtsov has also been the director general of this legal entity since the end of December.

Red Soft declined to comment on TAdviser's change of ownership of Red Soft Center. Earlier, as of March 2019, the co-founders of Red Soft Center LLC were Anatoly Mitroshin and Sergey Zotov. The surname of the latter is the same as that of the new co-owner of Red Soft Center. Each of them owned 25.5% in the authorized capital of the company. Vyacheslav Komlev had a share in 49% of the company at that time.

As before, Komlev owns a 24% stake in the main legal entity of the company - Red Soft LLC. The shares of other participants in Red Soft LLC also remained the same.

Vladimir Zotov is a business partner of the famous restaurateur Arkady Novikov. According to the Unified State Register of Legal Entities, together they are co-founders of the Strawberry Pie and Elikon-M legal entities, whose activities are declared as restaurants and food delivery services. In both of these companies, Zotov and Novikov each own 50% of the authorized capital.

Revenues of Strawberry Pie in 2018 amounted to 105.6 million rubles, Elikon-M - 116.3 million rubles, according to Kontur. Focus.

In addition to these companies, Vladimir Zotov is the founder and co-founder of several more. One of them - MM-Trust - is associated with investments in securities and is half owned by Mitroshin Anatoly, co-owner of Red Soft. Zotov, for example, is the only founder of the Etanel company, associated with hairdressing services and beauty salons.

As for Nikita Grevtsov, he has been dealing with Vyacheslav Komlev for several years: Grevtsov has been listed as the general director of NSU Logistic since 2015, where Komlev owns a 90% stake. Since 2008, NSU Logistic has been a participant in the market for logistics services and services in the field of customs handling of goods in Russia, since 2011 it has been operating as the owner of a temporary storage warehouse, according to its website.

Nikita Grevtsov is also the founder of the Varyag legal entity, whose activities are related to the purchase and sale of its own real estate. In 2018, this company did not receive revenue, follows from the data in "Kontur. Focus."

In 2018, Red Soft Center LLC employed 59 people, the company received revenue of about 126.8 million rubles. Red Soft LLC employed 84 people, and revenue amounted to 152 million rubles.

Participation in IT Government DAY

On October 9, 2019 To Moscow , the annual conference will be held, IT Government DAY the participant of which is RED SOFT. At the stand, the company's specialists will demonstrate. the Russian import-independent operating system RED OS

At the IT Government DAY conference, heads of federal departments and regions will discuss reforms in the field of public sector informatization proposed by the Ministry of Digital Development of Russia.

For the first time, the event will be held almost entirely in the format of public discussions, without reports and presentations. The moderators will be authoritative experts in the field of digitalization of the public sector Maria Shklyaruk, Ivan Begtin, Roman Urnyshev.

Venue: Moscow, Marriott Novy Arbat Hotel, Pushkin Hall (second floor). Check-in starts at 9:30 a.m.

Everyone is invited to visit the RED SOFT stand.

Partnership with Merlion

On August 13, 2019, the Russian developer Red Soft and Merlion announced the signing of a distribution agreement aimed at promoting the Russian import-independent operating system Red OS.

Agreement on the opening of a development center on the territory of Skolkovo

Red Soft and the Skolkovo Foundation signed a partnership agreement on June 27, 2019. Under the terms of the agreement, cooperation between the developer and the fund will develop in several planes.

In particular, Red Soft will open a development center on the territory of Skolkovo and receive resident status, which is expected to contribute to the development of research, development and commercialization of their results. In addition, Red Software will regularly take part in scientific and technological conferences organized by the Foundation. The agreement also provides for the maintenance of a unified media policy regarding the activities of the developer in the territory of Skolkovo.

Becoming part of such a creative community as Skolkovo is a special privilege and an important stage in the development of Red Software. This will definitely stimulate the potential of our developers, which will affect the final results. We have big plans and many ideas that we will definitely implement with the support of the fund, - commented on the event Maxim Anisimov, General Director of Red Soft.

Payment of income for the fourth coupon period

On May 13, 2019, Red Soft fulfilled its obligations to pay coupon income for the fourth coupon period (11.02.2019 - 13.05.2019).

The amount of accrued interest on one bond amounted to 34 rubles 90 kopecks (14% per annum). The total amount of interest payable on bonds is 3,490,000 rubles.

Investments are aimed mainly at developing existing products and developing new ones. We intend to maintain a qualitative pace in this direction, - said Maxim Anisimov, General Director of Red Soft.

Final Disclosure of Ownership Scheme

In May 2019, Red Soft finally disclosed the ownership scheme. According to data published in the Kontur. Focus service, the co-founders of the company with a total share of about 25% are its founders Kirill Veselkin (12.5%), Rustam Rustamov (6.3%) and Alexey Koptev (6.3%).

The remaining shares are distributed between a coal Anatoly Mitroshin magnate (25.5%), a developer (Sergey Zotov 25.5%) and a member of the public council at the Main Directorate for the MINISTRY OF INTERNAL AFFAIRS Russia Moscow Region (24 Vyacheslav Komlevy %).

Agreement with MTiZN of Orenburg Region on creation of authorized training center

On April 19, 2019, Red Soft announced that it had signed an agreement with the Training Center of the Ministry of Labor and Employment of the Orenburg Region on the creation of an authorized training center for Red Soft. Read more here.

Partner of Gennady Timchenko and owner of large shopping centers in Moscow - co-founders of Red Soft

In March 2019, the structure of the owners of Red Soft was updated in the Unified State Register of Legal Entities. The co-founders of one of the main legal entities "Red Soft" - LLC "Red Soft Center" are now Anatoly Mitroshin and Sergey Zotov. Each of them owns 25.5% in the authorized capital of the company.

The share in 49% of the company is with Vyacheslav Komlev, who since February 2019 has also been listed as the sole founder of Red Soft LLC.

Earlier, the founders were the Neural Networks company and Boris Khachikov, the general director of Neural Networks.

Anatoly Mitroshin is known for his activities in the coal business. He stood at the origins of the creation of the Kolmar coal company, where his partner was the famous businessman Gennady Timchenko, one of the main owners of Novatek.

In 2017, Mitroshin sold 20% of his shares in Kolmar to one of his partners^[2], and in 2018 he returned to coal mining in Yakutia: he decided to resume work at the Chulmakansky field of the Dolguchan enterprise, owned by Anatoly^[3].

Sergey Zotov is engaged in business in the field of construction and real estate management. His company, Z-Build Group, has existed since the mid-1990s. As of the beginning of 2019, the company's website states that it manages the Kaluzhsky business center and the Kaluzhsky shopping and entertainment center in Moscow on Profsoyuznaya, Spektr shopping and entertainment center on Novoyasenevsky Prospekt and the Kuznetsky Most shopping and office complex.

Vyacheslav Komlev previously told TAdviser that he was initially among the main owners of the company, and now there is a disclosure of the pool of participants who previously owned shares in the company through the closed investment fund UK Mfond, the main founder of Neural Networks. He explained the withdrawal of the composition of participants to a more transparent level by plans to increase the openness of the company. "Red Soft" plans to enter the IPO, will be present in the stock market, and it faces federal tasks, said Komlev.

Regarding the above co-founders, Vyacheslav Komlev, in a conversation with TAdviser, noted that they are also not new for the company. But the company could not promptly provide more detailed comments at the time of publication of the material.

Later, Maxim Anisimov, CEO of Red Soft, told TAdviser that Anatoly Mitroshin and Sergey Zotov have been beneficiaries of the company through a closed mutual investment fund since 2017. According to the law, this information was not subject to disclosure.

In March 2018, the company entered the public market, which requires more openness. To disclose the structure of ownership, investors decided to transfer all investments from shares to direct ownership, explained Anisimov. Red Software seeks to increase the transparency of the processes taking place in the company. This is important for customers and partners of the company, and Red Soft is actively working in this direction, he says.

Mitroshin A.V. and Zotov S.V. take part in the public life of the country and its patriotic development. Realizing the importance of the formation and improvement of the domestic digital economy, Mitroshin and Zotov acted as strategic investors. They will join the board of directors, thereby contributing to the development of Red Soft, - Maxim Anisimov told TAdviser.

The main owner is Vyacheslav Komlev

In February 2019, the Neural Networks Foundation sold a 99.99994% stake in the authorized capital of Red Soft LLC to Vyacheslav Komlev, president of the Justice and Order Personal Interest Protection Fund. Information about such a transaction is contained in the message "Red Soft" on the information disclosure website. It states that the nominal value of the share sold to Vyacheslav Komlev is about 176 million rubles.

There is practically no public information about Komlev's activities. His biography on the website of the Main Directorate of the Ministry of Internal Affairs of the Moscow Region says that he is an adviser to the chairman of the Moscow city branch of the Military Brotherhood Military Organization on special projects, and also has letters from the state leadership, federal ministries, governors and senior clergy of the Russian Orthodox Church.

Komlev is a member of the Public Council at the Main Directorate of the Ministry of Internal Affairs of Russia for the Moscow Region, where he is a member of the Commission on Information Policy and Work with MEDIA, the Working Group on Road Safety. At the last meeting of the public council, where Komlev was present, in November 2018, the issue of including actor Sergei Zhigunov in the council was considered. By unanimous decision, Zhigunov joined the council.

According to the Unified State Register of Legal Entities, since February 15, Komlev has owned a share of 99.99994%, and the share of less than 1% remained with the company itself. In addition to this legal entity, Vyacheslav Komlev has been listed since February as the sole founder of Red Soft Center LLC, where previously the founders were Neural Networks and Boris Khachikov, the general director of Neural Networks.

Vyacheslav Komlev himself explained to TAdviser that he was initially among the main owners of the company, and now there is a disclosure of the pool of participants who previously owned shares in the company through the closed investment fund UK Mfond, the main founder of Neural Networks.

Regarding the actual owners of the company, nothing has changed, he says. It's just that previously there was a complex ownership system, and now it will be an open company that plans to go to the IPO, will be present in the stock market, and which faces federal tasks, Komlev says. Therefore, it brings the composition of the participants to a transparent level.

The company has one of the strongest and oldest IT teams on the Russian market, which has been fully preserved since its foundation, Komlev added. According to him, all the architects - the founders remained in the company, and later they will also be openly displayed among the co-owners in open bases. Vyacheslav Komlev himself will have a controlling stake after the opening of all co-owners, he says.

We are planning a very big development. The company has everything for this: its own OS development, DBMS, application programs. We are ready to go to the market, "he said in a conversation with TAdviser.

According to the Contour-Focus database, Komlev is also a co-founder of the Renaissance Party of Russia political party and NSU Logistic, whose main activity is related to warehousing and storage. He is also the only founder of the Russian Spirit company, the list of activities of which indicates the management of financial and industrial groups.

It is noteworthy that the share of 10% in the main founder of Neural Networks, the company UK Mfond, belongs to a person whose full name fully coincides with the full name of the son of ex-head MINISTRY OF INTERNAL AFFAIRS Rashid Rashidovich Nurgaliev. MC Mfond owns about 88.9% of Neural Networks.

The revenue of Red Soft in 2017, according to the Contour-Focus database, amounted to 115 million rubles, having decreased by 13% compared to 2016. "Red Soft Center" in the same year earned 97 million rubles with 54 percent growth.

Data on the financial results of both companies as of February 2019 have not yet been published, but you can see, for example, that in 2018 Red Soft entered into government contracts totaling about 148 million rubles, and Red Soft Center - in the amount of about 66 million rubles.

The largest state customer of Red Soft in 2018 was the Federal Bailiff Service (FSSP), with which an agreement was concluded for the revision, implementation and maintenance of subsystems of the department's automated information system in the amount of 132 million rubles. For Red Soft Center, the largest state customer in 2018 is the Federal Service for Supervision of Transport, with which a contract was signed for services for the development of an automated system of interdepartmental interaction in the amount of 19 million rubles.

The average number of Red Soft staff for 2017, according to the Contour-Focus database, was 75 people, Red Soft Center - 62 people.

2018

2018: Red Soft grows 32% and prepares for full-scale replacement of Microsoft and Oracle in Russia

The revenue of Red Soft at the end of 2018 amounted to 151.96 million rubles, an increase of 32%, follows from the company's annual report. At the same time, net profit decreased by about 12 times - from 6.775 million rubles to 549 thousand rubles.

The company received the vast majority of the turnover from the provision of services, and a small part of it fell on the sale of software licenses - 4.555 million rubles.

The annual report of Red Soft notes that in 2018 there was a positive trend in sales of licenses for two flagship software products: the Red OS operating system and the Red Database DBMS. The company also conducted a number of pilot projects of the facial recognition system based on neural networks, the development of which was focused a year earlier. According to their results, as a result of improvements, a product ready for scaling was formed.

The decline in net profit in the company is associated with several factors. Firstly, this was due to an increase in related and non-binding expenses, including commissions regarding bank guarantees and services for organizing and servicing the issue of securities. In 2018, Red Soft issued exchange-traded bonds with a total face value of 100 million rubles.

The negative dynamics of profit is also associated with the costs of paying interest on issue securities and an increase in interest costs on attracted funds and the payment of fines and penalties for improper execution of government contracts. Another factor in the imbalance between tax and accounting, formed by revaluation of intangible assets, which had an impact on income tax growth.

In the annual report, Red Soft calls the strengthening of competition in the software developer market, as well as the low level of implementation of regulatory legal acts on the transition of government agencies to domestic software, factors that negatively affect the key indicators of the company's activities.

The company plans to finalize all existing components of its information and technical complex (Red OS, Red Baza Dannykh DBMS, Red Document Management Platform products) " in order to fully replace Oracle and Microsoft products in the Russian Federation."

Red Software also plans to increase its competitiveness through the practical use of certain elements of the facial recognition system it has developed in its existing products.

The largest state contract in 2018 for Red Soft was an agreement for the revision, implementation and maintenance of AIS subsystems of the Federal Bailiff Service for 2019. Its volume amounted to 132.1 million rubles. FSSP was the largest state customer of the company a year earlier. In total, during its history, Red Soft has created more than 30 state information systems, follows from the report.

The annual report also notes that during its existence, the company did not attract bank loans. The main sources of attracting borrowed capital were funds received by Red Soft under monetary loan agreements from affiliates.

Payment of income for the first coupon period

On August 14, 2018, the Russian IT company Red Soft announced the completion of the placement of 100 thousand exchange-traded bonds with a total value of 100 million rubles.

In addition, the company fulfilled its obligations to pay coupon income for the first coupon period (the start date of the coupon period is May 14, 2018; end date - August 13, 2018). The amount of accrued interest on one exchange-traded bond payable for the first coupon period amounted to 34 rubles 90 kopecks (14 percent per annum). The total amount of interest for the first coupon period to be paid on exchange-traded bonds is 3,490,000 rubles.

Earlier, the Moscow Exchange registered the company's bond program for 200 million rubles. The term of circulation of securities placed under the program is up to 3 years. The program is valid for 15 years. On May 14, the public offering of the first bond issue under this program began: investors got the opportunity to buy Red Soft bonds with a coupon yield of 14% (coupon is paid 4 times a year) and a two-year maturity.

Thus, the company managed to attract investments for the development and development of its products (,, operating system Red OS DBMS "" Ed. Database constructor-systems, ERP"" Red Document Management Platform face recognition Gemba-stack system).

Start of public offering of the first bond issue

At the end of March 2018, the Moscow Exchange registered the Red Soft bond program for 200 million rubles. The term for circulation of securities placed under the program will be up to 3 years. The program is valid for 15 years. On May 14, the public offering of the first bond issue under this program began: investors got the opportunity to buy Red Soft bonds with a coupon yield of 14% (coupon is paid 4 times a year) and a two-year maturity. This step is primarily due to the long-term plans of the company in the field of development and development of high-tech import-independent and sanctions-resistant products, as well as the intention to increase trust credit.

Unique not only for Russia, but also in world practice, the combination of the role of the developer of a full technological software stack and the developed practice of creating ready-made solutions based on their own system-wide software, in the context of the import substitution policy, allows Red Software to take positions on the domestic market vacated by Western vendors (primarily Microsoft and Oracle). It is obvious that the possibility of rapid promotion, combined with extensive experience in working with large state projects, allows Red Soft to effectively master significant investment volumes and maintain profitability and reliability, the company said in a statement.

The state's policy in the field of replacing foreign software with Russian has formed a new market. However, for a high-quality breakthrough, the domestic IT sector cannot do without external, including exchange financing. Access to it will obviously open up new horizons for our company, "commented Maxim Anisimov, CEO of Red Soft.

Exchange-traded bonds admitted to the Moscow Exchange

On May 7, 2018, in accordance with the Listing Rules of PJSC, the Moscow Exchange decided to include in the "Third Level" section of the List of Securities Admitted to Trading and assign an identification number to the issue of exchange-traded bonds placed under the Exchange-Traded Bonds Program to exchange-traded bonds of RED SOFT Limited Liability Company. The issue identification number is 4B02-01- 00372-R- 001P from the 07.05.2018.

2017

Investments from the Neural Networks Foundation

According to the Kontur. Focus database, in February 2017, the investment fund Neural Networks became the main founder of Red Soft LLC. He owns 99,% of the company. A 1% stake is owned by Mfond. He is also the company MC "Mfond" - the owners of "Neural Networks."

Earlier, Red Soft was owned by Kirill Veselkin and Rustam Rustamov. They remained the founders of Red Soft Dubna and Red Soft Center.

In February 2017, Neural Networks announced an investment of 50 million rubles in Red Software. The funds will be used to create a "competitive national operating system for government bodies" ^[4].

For us, the project itself is quite wide, and we are now working on a marketing policy for this project and understand which components that are produced at Red Software will be most interesting, will go to the first echelon, and which will go with some delay. Redsoft has successful implementation experience (note - FSSP, project in the Vladimir region). This is very important, because many really can make the system, but it is much more difficult to bring it to practical implementation. In itself, the introduction of the operating system into the public sector is also the ability to communicate with customers, this is the ability to correctly set a functional task, this is the ability to solve often small, but, nevertheless, life tasks in the course of work. And the Redsoft company successfully passed all this, for us it is very important, - said Dmitry Zavalishin, founder of the Neural Networks Foundation .

Red Soft is the developer of the Goslinux OS, created as part of a state contract with the FSSP. The agency began to implement this OS back in 2013, before the national course for import substitution appeared.

In February 2016, the FSSP applied for the inclusion of this OS in the register of domestic software, but experts had questions about how much it could be considered Russian. As of February 2017, the system is never included in the registry.

In 2016, for similar purposes, the investment was received by BASEALT, created by immigrants from Alt Linux. Its goal is to develop an industrial-level OS that could replace Microsoft in the Russian public sector and corporations. The company received investments in the amount of 100 million rubles from IVK.

Notes