Sitronics Information technologies

History

After 2013 the history of the company see in article of NVision Group.

2013: The company begins to work under a brand of NVision Group

Since June, 2013 the company passed under a brand of NVision Group.

2012: Sitronics IT passes under control of NVision Group

In September, 2012 the Sitronics Information Technologies company was a part of NVision Group as a result of integration of IT assets of Group of JSC RTI and Nvision Group Ltd.

The office of the company located at the address: 101000, Moscow, Milyutinsky Lane, 1/13/22

At this time the company has the following partner statuses:

2011

Growth of revenue at the end of year for 39% to $492.6 million

Revenue Sitronics IT from the direction of information technologies made $492.6 million in 2011 that is 39% more, than the previous year. Net profit Sitronics IT decreased for the last financial year almost three times and was $4.9 million instead of $14.2 the previous year. The indicator of OIBDA was $21.7 million instead of $29.1 million in 2010 financial year. OIBDA margin – 4.4% instead of 8.24%. In revenue Sitronics IT of 24% was the share of infrastructure solutions and system integration, 41% - for sales of telecommunication integration solutions. Another 35% - on business consulting and IT outsourcing.

Creation of the direction of quality control

On December 20, 2011 "Information Technologies" announced SITRONICS creation of the direction on quality control of integration solutions and the custom software (software). Creation of new structural unit in the Russian representative office SITRONICS IT is caused by the aspiration to increase company competitiveness due to high-quality providing the created integration solutions, improvement of development processes of software and directly methods of quality control. Competences of specialists SITRONICS IT in the field of quality control of software allow SITRONICS IT company to provide services of testing of functionality with difficult business logic, to test performance and also to test the implemented solutions regarding integration with other systems. Special attention in quality control department of integration solutions and the custom software is given to load testing of systems. For implementation of such works a branch-off group of the highly qualified specialists holding testing of software products in the conditions as close as possible to real in terms of amount of data, the number of at the same time working users of a system, intensity of requests, etc.

As a result, in addition to data on the current system performance, to the customer recommendations about optimization of product capabilities, scalabilities taking into account the planned development and also individually developed plan for accumulation of power and system performance are provided. Similar services will be the company as within the projects implemented SITRONICS IT and for third parties where specialists of the company will act as independent experts in the field of quality control.

Formation of a packet of licenses of FSB and FSTEC

Certification procedures on obtaining licenses of Federal Security Service (FSB of Russia) for implementation of development, production and distribution of cryptographic (cryptographic) tools and also on implementation of development and production of means of protecting of confidential information are complete.

• The obtained licenses No. 10592, No. 10593, No. 10594 of FSB of Russia grant the right of SITRONICS Informatsionnye Tekhnologii LLC to develop, make and extend the cryptographic (cryptographic) tools held for use in information telecommunication systems and networks of important objects of the federal public authorities of the Russian Federation performing execution of works or rendering services using cryptographic (cryptographic) tools for the state and municipal needs. All obtained licenses are valid till 2015.

• License No. 10591 of FSB of Russia allows to perform SITRONICS IT development and production of the means of protecting of confidential information applied on objects of Administration of the President of the Russian Federation, Security Council of the Russian Federation, Federal Assembly of the Russian Federation, Government of the Russian Federation and also judicial authorities of the Russian Federation. License validity period - till 2013.

In September, 2011 licenses of Federal Service for Technical and Export Control of Russia (FSTEC of Russia) for activities for technical confidential information protection and also for implementation of development and productions of means of protecting of confidential information are updated. For obtaining the licenses "SITRONICS IT" underwent assessment procedure of compliance to standards of the legislation of the Russian Federation of competence of specialists, automated systems processing confidential information and also the production, test and control and measuring equipment.

• Existence of license No. 1358 of FSTEC of Russia significantly expands opportunities "SITRONICS Information Technologies" in development and production of means of protecting of confidential information which necessary for supplies of equipment on the customer's objects. License validity period – till 2016.
• License No. 0475 of FSTEC of Russia valid to 2014 allows the company to be engaged in activities for technical confidential information protection that includes a complex of actions and services in protection against unauthorized access, including in technical channels and also from malicious actions which purpose is destruction, distortion or blockings of data access.

Growth of revenue in the 1st quarter for 208%

"Sitronics Information Technologies" (Sitronics IT) announced the consolidated financial results according to the US GAAP standards for the first quarter 2011.

According to the report, revenue of the company grew in comparison with the same period of last year more than three times (by 208%) and made $103.2 million. At the same time 66.5% of revenue whereas on projects on system integration and support services – 20.7% of revenue, and for projects on business consulting – 12.8% were the share of delivery of the hardware.

Vladimir Yasinsky, the president of the company, explained that the main share in structure of revenue according to the results of the first quarter 2011 is the share of the project activity begun in 2010.

"We could lay the reliable foundation for development of large infrastructure projects and also a number of implementations CRM ERP, BI", - he commented.

According to him, Sitronics IT still stakes on increase in a share of external projects and expansion of a portfolio of the IT services focused on financial, telecommunication and state sectors. Since the beginning of 2011 it also develops the direction, new to the company, – the solution for energy industry.

Thus, the record growth of revenue in comparison with the same period of 2010 in the company is explained with works on support and development IT infratruktury the biggest customers of the company within the existing service contracts. These deliveries were initially planned for the second half of 2010 therefore such shift of terms promoted significant growth of sales in the first quarter.

OIBDA indicator on a segment, thus, doubled in comparison with the same period of 2010, however OIBDA margin in this period decreased in comparison with the first quarter 2010 that is caused by decrease in profitability under the above-named contracts.

Among the largest projects "Sitronics IT" in the financial sector it is possible to note projects for Sberbank and IBRD. In particular, the third stage of the large-scale project on process automation of customer relationship management for Sberbank using a CRM system on 21 thousand users was completed. In IBRD the management system for IT services was implemented. The project for IBRD was complete in record time – in 4.5 months – and became the first project of such scale in the Russian banking sector.

As for telecommunications, in February the company signed the contract with MTS for creation of mobile communication hubs in zones of fringe reception of MTS in 2011 and 2012. In May implementation of the complex Business Intelligence platform based on the SAP solution for MGTS was complete. At the beginning of 2011 Sitronics IT completed the project on upgrade of an enterprise management system (ERP) for MTS Ukraine.

Also Sitronics IT realizt projects based on SAP solutions. The SAP ERP platform for JSC Ufaneftekhim, subsidiary company JSC ANC Bashneft was implemented. In the future the company is going to implement the SAP ERP platform for other subsidiary companies JSC Novoil, Ufa Oil Refinery and JSC Ufaorgsintez.

From the moment of the declaration of financial results of the fourth quarter 2010 on April 21, 2011 the company signs a number of new contracts for the amount of $58.1 million, and since the beginning of 2010 – for the amount of $361.8 million. According to the results of the first quarter 2011 Sitronics IT remains most profitable "daughter" as a part of the Sitronics group, said in the financial statement. According to CNews Analytics, based on 2010 Sitronics became the fifth in value Russian IT company of 35.4 billion rubles.

2010

Growth of revenue in the 4th quarter for 50%

Revenue "SITRONICS Information Technologies" in the fourth quarter grew 2010 by 50% in comparison with the same period of previous year and for 46% at the end of year. OIBDA indicator in the business direction grew in the fourth quarter 2010 by 37% in comparison with the same period of previous year and for 2% according to the results of all year, at the same time profitability on an indicator of OIBDA made 9.0% in the fourth quarter and 7.1% at the end of 2010.

By key activities SITRONICS IT in 2010 in the field of IT infrastructure and projects on system integration was the share of sales of solutions to 18% of revenue whereas the share of sales of solutions in the field of telecommunication integration solutions at the end of year made 44.5%. 37.5% were the share of projects on business consulting and IT outsourcing.

Growth of the IT business direction as a part of the SITRONICS Group is provided at the expense of new contracts. From the moment of the declaration with Group of financial results of the third quarter 2010 (on December 2, 2010) it was signed new contracts for the total amount of 181.4 mln. dollars of the USA, and since the beginning of 2010 – for the amount of 303.7 mln. dollars of the USA. At the end of 2010 "SITRONICS Information Technologies" became most profitable "daughter" as a part of the SITRONICS group.

Growth of revenue in 9 months for 41%

The general analysis of indicators of the business direction of the information technologies (IT) as a part of the SITRONICS group shows positive dynamics. Revenue "SITRONICS Information Technologies" according to the results of the third quarter 2010 grew by 31% and made 45.8 mln. dollars of the USA, and according to the results of 9 months – for 41% (to 142.1 mln. dollars of the USA) in comparison with the same period of last year.

• By key activities "SITRONICS Information Technologies" in the field of IT infrastructure and system integration is the share of sales to 61% of revenue in the third quarter 2010 and 41% of revenue in nine last months.
• The share of sales in the field of telecommunication integration solutions makes 21% in the third quarter 2010 and 45% of revenue in nine last months.
• The share of sales in the field of solutions of business consulting and IT of outsourcing, made 18% of revenue in the third quarter, according to the results of 9 months - 14%.
• The indicator of OIBDA was: 2.3% for the third quarter and 4.6% – in 9 months.

Growth of revenue is provided due to gradual increase in sales volume of IT services. Also, the share of external projects increased. Only in Russia based on a half-year it grew to 48% against 12% for the same reporting period a year ago.

Growth of revenue in the 1st half-year of 86.5%

The share of projects in a portfolio Sitronics IT in Russia from orders of the companies not affiliated with AFK "Sistema", according to the results of the first half of the year 2010 made 48% of total sales (the same indicator in 2009 equaled 12%). Semi-annual revenue of the company only in Russia in 2010 made $66.7 million. The similar indicator by 2009 was equal to $35.8 million. Thus, semi-annual dynamics of growth was 86.5%. OIBDA share in revenue of the company grew twice in comparison with semi-annual reporting period of the 2009th year.

2008

Change of the name on "Sitronics Information Technologies"

In June, 2008 Kvazar-micro announced change of the name on "Sitronics Information Technologies". As it was reported, the company will represent the IT separate business direction within Sitronics holding. Transition to a uniform brand was going to be carried out step by step. So, in Russia the company begins to work under a new brand already now, and and in other CIS countries and Eastern Europe until the end of 2008 the company will work at Ukraine under two brands.

At this time Sitronics is engaged in delivering solutions for the enterprises working in the field of telecommunications, information technologies and microelectronics in the CIS countries, Central Eastern Europe, the Middle East and Africa.

Both companies - Sitronics and Kvazar-micro consider transition to a uniform "umbrella" brand big advantage. For Sitronics it should become one more confirmation of a position of the large international hi-tech company implementing significant and large-scale projects. For Kvazar-micro the new name will become the admission on new industry and geographical markets as large manufacturing enterprises "Sitronics" well proved in Greece, the Czech Republic, Romania, and sales and support of solutions is performed also in the Middle East, in Asia and Africa. Besides, specialists Sitronics participate in work of the large international research organizations (The Global Semiconductor Alliance, Association on standardization of IEEE, WiMAX Forum, etc.) that will allow the IT company to expect a certain influence when developing the international technology standards.

Both companies hope to work jointly on creation and promotion of complex innovation projects, to use the acquired best practices, to support and develop new, higher quality standards of products and services for the clients.

Sitronics increases a share in Kvazar-micro to 87%

At the end of March, 2008 Sitronics Kvazar-micro acquired in addition 36% of shares, having consolidated, thus, in the portfolio 87% of stocks of the company.

2007: Sales volume is $763.3 million

In 2007 the sales volume of the company was $763.3 million or 46.8% of $1.62 billion the consolidated revenue of Sitronics concern.

2004: AFK "Sistema" absorbs Ukrainian Kvazar-micro

In 2004 the Ukrainian integrator "Kvazar-micro" was purchased by AFK "Sistema" holding