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Performance indicators
2022: Revenue growth by 454%, to 4.2 billion rubles
In 2022, the revenue of VimpelCom-Information Technologies (VK-IT) amounted to 4.2 billion rubles, 454% more than in 2021, when the company was created. Such an indicator follows from the accounting "VK-IT," published in the database of legal entities Kontur.Focus. " In the ranking "TAdviser100: The largest IT companies in Russia 2023," such an indicator allowed the company to take 112th line (12th line of the list of applicants for inclusion in the number of the largest IT companies in Russia).
 | The VimpelCom development strategy in terms of IT competencies is aimed at using products and solutions of its own design. VK-IT has a full range of competencies for this and in 2022 was concentrated on the formation of a software development and support center for the widest possible range of beeline tasks. Expanding the list of products under development, the range of work performed and the corresponding increase in the number of teams and specialists became the main drivers of VK-IT revenue growth last year, "Sergey Khorkov, general director of VK-IT, told TAdviser. |  |
The explanations for the accounting published in the database of the Federal Tax Service indicate that the average annual headcount of VK-IT in 2022 amounted to 1.275 thousand people, which is almost 5.7 times more than in 2021. Labor costs amounted to 3.81 billion rubles. In 2021, the same indicator was 582.2 million rubles.
The amount of remuneration paid to the general director of VK-IT also increased: in 2022 it amounted to about 11.8 million rubles, while in 2021 - about 7.4 million rubles.
VK-IT ended the year with a net loss of 458.9 million rubles. The company's accounts receivable at the end of December 2022 amounted to about 1.777 billion rubles. It falls on settlements with buyers and customers, according to the explanations for the accounting. At the end of 2021, the same figure was approximately 216.6 million rubles. From the same place it follows that this debt to VK-IT is with related parties, and the main related party is VimpelCom (operates under the beeline brand).
Sergey Khorkov explained to TAdviser that the presence of receivables is a feature of financial accounting.
In 2021, the announcement of the creation of VK-IT said that the company would develop IT products not only for the beeline, but also for other Veon group companies[1]
Veon, we recall, at the end of 2022, agreed to sell VimpelCom to the Russian top management of the company.
The CEO of VK-IT says that access to the foreign market with the company's products is being considered, but so far this is not a priority.
As of March 2023, the VK-IT website indicates that the company already employs more than 2 thousand people. VK-IT specialization includes custom software and software development, enterprise application integration, technology consulting, specialized development centers, software testing, quality control and application security, maintenance and support.
Among the products developed in VK-IT are a billing platform, software for managing client data and communications, a cloud PBX, a candidate's and employee's personal account, an IT landscape observation platform, text and speech analytics, and much more.
History
2023: 10th place in the top 10 fastest growing IT companies in Russia
VimpelCom-Information Technologies ranked 10th in the top 10 fastest growing IT companies included in the ranking of the Largest IT Companies in Russia TAdviser100, prepared by TAdviser in June 2024 based on the companies' revenue for 2023. Read more here.
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2021
Revenue - 762 million rubles
At the end of 2021, the revenue of VimpelCom-Information Technologies amounted to 762 million rubles.
Building a Company to Grow IT Products
In early April 2021, VimpelCom announced the creation of a subsidiary that will develop and support IT products. VimpelCom-Information Technologies LLC (VK-IT) was formed within the framework of the competence center development strategy, which the telecommunications operator has been implementing for several years.
VK-IT will develop technological products for VimpelCom and Veon holding, including software, which the company will also implement. In addition, the "daughter" of the telecom operator will be engaged in the operation of software, support its work and add new functions.
VK-IT will take over both the development of new and the development of existing IT products previously created by outsourcing companies commissioned by VymelCom. In particular, we are talking about infrastructure platforms, mobile applications and user interfaces. The company plans to develop competencies in all major technology stacks.
VK-IT will develop and support systems related to billing, e-commerce, customer service, order planning and tracking, radio access network management, network performance, etc.
Igor Melnik has been appointed General Director of VK-IT. He will focus on creating the company's own competence centers for key OSS/BSS systems, as well as developing cooperation with technological partners and creating joint research projects with major players, VimpelCom said in a statement.
In the first year of work, VK-IT plans to attract about 200-300 employees. All personnel will work completely remotely, in a number of regions it is planned to create workspaces in co-working space.[2]
Notes
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