Verysell (Verisel)

Verysell is a Russian company that provided computer equipment distribution services and IT services to end customers.

History and performance indicators

2017: Company Closure

In 2017, Verysell was closed.

2011

Owners

Among the owners of Verysell for 2011:

• Krasnov Mikhail Petrovich - 10%
• Mint Capital
• RP Explorer Fund
• Renaissance Pre-Ipo
• Steep Rock Capital
• Deutsche Bank
• Hillside Apex Fund SPC

Business Areas, Products and Services

As of February 2011, Verysell relied on IT services, in particular system integration.

Verysell Group's three key business areas are Verysell Projects, Verysell Icontri and Verysell Distribution.

Verysell Projects

Verysell Projects offers the following solutions and services:

• IT Consulting
• IT Management
• Document flow
• Information and analytical systems
• Project Management
• Production Control
• Information security
• Data Centers
• Communication networks and systems
• Platform Solutions SAP
• Solutions for Energy Companies
• Solution for educational institutions

Verysell Icontri

Verysell Icontri offers solutions in the following areas:

• Mergers and acquisitions (M&A) - IE based on icon3 technologies
• Compliance - using the Triad Management Situation Model
• Enterprise risk management - based on icon3-PG and icon3-PjG technologies
• IT Governance - with icon3-PG and icon3-PjG
• Internal Control. Accountability) - using icon3-C & C technology
• Corporate Governance - based on icon3-PG and icon3-PjG technologies

Verysell Distribution

The Company operates in two areas:

• design-oriented distribution of high-tech equipment (built on the basis of the VAD (Value Added Distribution) business model);
• classic distribution (focused on resellers and retailers of mass-demand IT products).

Negotiations with Merlion IT distributor to buy part of Verysell Group's business

On February 8, 2011, it became known that the large Russian IT distributor Merlion is negotiating the purchase of part of the business of the Verysell group, specializing in the installation and implementation of IT equipment.

A source familiar with several Verysell managers spoke about the negotiations between Merlion and the owners of Verysell Vedomosti. According to him, Verysell employees have already announced the upcoming deal. According to the main owner and president of the Lanit IT group Georgy Gens, we are talking about selling exclusively the distribution business Verysell (Verysell Distribution). Negotiations are underway, but the deal has not yet been completed, the representative of a large system integrator knows.

The founder and chairman of the Verysell coordinating council, Mikhail Krasnov, told Vedomosti that there are different negotiations with different parties, but there are no final results yet.

Verysell's contribution to Merlion's business may be contracts with suppliers such as Microsoft and Sun Microsystems, Gens suggests.

2010: Revenue - about 12.82 billion rubles

The revenue of the Verysell group of companies in the 2010 calendar year amounted to about 12.82 billion rubles. In Q4 2010, the group failed to win a number of tenders for integration work, which they expected. In addition, some orders were postponed to 2011. The total volume of such work, according to him, amounted to about 500 million rubles.

2009: Revenue reduction to RUB 9.4 billion

In 2009, according to Forbes, Verysell's revenue decreased to 9.4 billion rubles. ($297 million). Verysell itself called CNews higher revenue figures - 14.39 billion rubles. in 2008 and 11.44 billion rubles. in 2009

In 2009, Verysell's position was shaken, but the group remained in the top 20 companies operating in the Russian IT services market (in terms of turnover from these services), says IDC analyst Alexander Prokhorov. Prokhorov calls telecommunications companies, banks and authorities the main customers of IT services Verysell.

2008

• In 2008, Verysell's revenue amounted to $578.9 million, of which almost 60% ($347.3 million) was brought by distribution - revenue from the sale of software and IT equipment. Then the group thought about entering the exchange, but the crisis prevented these plans. According to IDC estimates, in pre-crisis 2008, Verysell was one of the top 15 companies operating in the Russian IT services market (in terms of turnover from these services), says IDC analyst Alexander Prokhorov.

• $15 million was provided to Verysell in early 2008 by Deutsche Bank and Hillside Apex Fund SPC in exchange for a minority stake (its size was not specified).

• In January 2008, it became known that Verysell acquired two system integrators Servocomp and Quest Distribution. "The acquired companies have interesting competencies, in particular, in the field of Oracle," said Mikhail Krasnov. Krasnov refused to name the amount of transactions, noting that the turnover of each of the purchased companies does not exceed several million dollars.

• In July 2008, it became known that Verysell added the Ural system integrator Astra ST to its assets, among whose clients are large government customers, in particular the Mayak production association engaged in the processing of nuclear waste. The purchase cost was estimated at about $11 million.

Astra ST, according to its own estimates, occupied 60% of the Chelyabinsk IT market; at the time of purchase by Verysell, there were 170 people. The company specializes in the development, implementation and maintenance of telecommunication systems, data centers, personal data collection and processing systems, medical analytical systems protected by the LAN for working with confidential information and information constituting state secrets.

2007

12.1% Revenue Growth

The total revenue of the company in 2007  amounted to 13,175,000 thousand rubles, which is 12.1% higher than  in 2006 at 11,750,000 thousand rubles. (according to CNews Analitics).

Attracting $50 million of investments

In 2007, Verysell Group completed a $50 million investment project. Investors in Verysell were the Scandinavian direct investment fund Mint Capital, the British investment fund RP Explorer Fund (divisions of RP Capital Group), the Renaissance Pre-IPO Fund and the international investment fund Step Rock.

2005-2006

During 2005-2006 Verysell opened a subsidiary in Kazakhstan, and also acquired a number of consulting practices from Sterling Group, a company specializing in system integration in Russia.

2004

In 2004, the Group included Enterprise ONE and Icontri, which became the basis of the consulting block Verysell IT Services. Verysell's design and telecommunications lines are combined into a single company - Verysell Projects. Verysell Distribution has included two areas: classic distribution and project-oriented distribution.

2003

On November 14, 2003, Verysell Group announced the acquisition of V6 Technologies from Vesta Eurasia, a Russian business. V6 Technologies was formed in 1996 and performed a wide range of operations in the field of information and communication technologies in the European and Russian markets. In the last 3 years, the Russian V6 division has actively developed IT consulting and services for the development of innovative solutions for automating business processes and information systems to order.

V6 was integrated into the Verysell holding structure under the name Verysell-6. Russian employees of V6 Technologies (about 50 people) joined the Verysell group. Andrei Pankov, who until recently worked as the production director of V6 Technologies, was appointed CEO of Verysell-6. The high level of expertise gained by the Verysell-6 team allows us to position the new company in the structure of the Verysell group as a provider of services and solutions for sales and supply automation, knowledge management and decision support, building complex corporate portals and automating business processes for large and medium-sized companies.

1990-2002

The beginning of the formation and development of Verysell can be considered 1990, when entrepreneurs from Switzerland, the USA and Russia realized the idea of ​ ​ creating a distribution company - it was then that the Group of Companies was formed, which began to work under the Merisel trademark. The Group's mission at that time was to create an effective mechanism for transferring advanced information technologies from the West to the East, to the Soviet Union.

The company was focused on sales - at that stage, investments by foreign shareholders were supposed to ensure the development of the business to a level at which the company could be sold to one of the largest international distribution firms. The buyer in 1998 was the American distribution company CHS Electronics. However, the emerging deal to sell the business did not take place due to the bankruptcy of CHS Electronics. As a result, the Group broke up into a number of Russian and foreign companies; many of them wished to join the project, which was headed by Mikhail Krasnov.

The purpose of the project, called Verysell, is to re-establish the corporate structure of the Group and enter the capital market in Russia and abroad. To manage Verysell in Geneva, a coordinating council was created under the leadership of Mikhail Krasnov, which included representatives of old and new companies. Verysell became the first Russian company to offer the market project-oriented distribution.

Links

• RBC daily: Verysell integrator acquired Servocomp and Quest Distribution
• Verysell continues to buy IT companies
• Verysell bought the Russian business of V6 Technologies
• CNews100: Russia's largest IT companies
• Official website of Verysell Group of Companies
• Official site Verysell Projects
• Official website of Verysell Icontri
• Official website of Verysell Distribution