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Beeline acquires cloud business from IBS

June 9, 2021|
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According to RBC, Beeline acquires DataFort, a cloud division of IBS. The deal can be completed in the coming days. However, the companies will have to obtain permission from the government commission on monitoring foreign investment, since DataFort works with cryptographic tools, and VimpelCom belongs to VEON, which is a foreign holding. The FAS confirmed that the commission had already received the application for the deal.

IBS estimates that the value of its subsidiary company is 2.5-3 billion rubles. According to another source, for Beeline the deal is “a very good opportunity to strengthen its cloud services b2b direction, and for IBS it is a good exit”.

According to iKS-Consulting, in 2020 the value of the Russian cloud market grew by 19.5% compared to the previous year and reached almost 99.7 billion rubles. The largest players were subsidiary companies of Rostelecom (20.8%) and MTS (11.2%), as well as CROC (8.3%), Selectel (8.2%) and SberCloud (6.2%).

In early April, TAdviser reported that Beeline was negotiating the acquisition of IBS DataFort cloud provider.

Original (in Russian)

Subject:

#deals

Companies:

#Beeline

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