Information Business Systems

completed

IBS'' primary focus is to meet all the IT needs of Russian companies and government agencies as well as international companies operating in Russia. IBS offers its clients consulting, design, implementation, support, maintenance, outsourcing and software programming services. In addition, IBS leverages multiple distribution channels to offer a portfolio of over 5,000 products from more than 100 of the world’s leading IT hardware brands. IBS’ comprehensive offering of services and products enables the company to provide turnkey IT solutions and a “one-stop-shop” to its clients. The purpose of IFC''s investment is to support the company in expanding its offshore programming services, management consulting services and local computer assembly business, which will allow IBS to increase margins and to offer higher value-added services to its clients.IBS would be one of IFC’s first direct investment in a Russian technology firm. On a broad scale, IFC’s presence will help demonstrate to other potential investors that private equity financing is available for the technology sector in Russia. IFC will also provide funding with long-term maturities that are otherwise unavailable in the market. Without IFC’s presence, such financing would not be possible at reasonable rates or for the necessary maturities, particularly in light of the weakening appetite for technology projects and the perception that Russia country risk is still quite high. The project will also act as an important symbol of the benefits of continued reform in Russia. The project will have a significant developmental impact by potentially creating IT related jobs in Russia. IBS will also contribute to the training of skilled technology workers in Russia by exposing them to best practices from world class technology firms.