Artezio joins LANIT Group

Moscow, 27 September 2005 – Artezio’s joining LANIT Group is a carefully planned step in realizing the strategy of active development, combining the growth of its own business and acquiring the companies successfully working on the market. LANIT has great experience not only in the sphere of acquiring the companies but also in their integration into the structure of the Group. This is not the first acquisition of that kind for LANIT. Earlier they acquired several companies following the same pattern when company retains its juridical independence. As in cases with CompTek (distribution of telecommunication equipment) and Norbit (managing consulting, ERP solutions), the merger doesn’t imply the change in management of the acquired company. According to the opinion of LANIT’s Administration this model is the most effective.

Artezio specializes in software development. Among its clients there are companies from Russia, South-East Asia, Western Europe and USA. Acquisition of Artezio Company is an important step in organizing "Software Development" division. The purpose of forming this structure is to expand the possibilities to use mutual resources, organize cooperation on high-scale projects and ensure effective experiences’ exchange without changing the legal status of merging companies. Mutual efforts will ensure more rapid rate for business growing and will strengthen the positions of LANIT on this segment of IT market.

Division will consist of several companies including LANIT, LANIT-Tercom and Artezio. Joined structure will include more that 550 specialists (around 20 % of all employees in LANIT Group). Expected revenue for the year 2005 is around 16 million $. In the nearest future the expected rate of business growth for this division is 50 % a year.

About Artezio

See company profile in our Vendors Directory

About LANIT Group

LANIT (LAboratory of New Information Technologies) group is a leading Russian company providing a wide range of IT services throughout Russia and CIS. Since its incorporation in October 1989 up to now LANIT has gradually been developing from the first distributor of Novell products in the former Soviet Union into a stable and high-performing Russian enterprise operating in diverse areas of IT business.

Today LANIT is a large multi-profile IT holding with the countrywide network of affiliates, branches and technical service centers. Over 1500 highly qualified and certified specialists work with LANIT companies. The head company - LANIT JSC - and a few other companies within the holding are located in Moscow at the LANIT HQ office building. Apart from Moscow group, LANIT has successfully operating subsidiaries in Barnaul, St. Petersbourg, Kiev, Khabarovsk, Vladivostok, Petropavlovsk-Kamchatski, Almaty, Nizhny Novgorod. LANITs quality management system (as regards software development, installation and maintenance services) meets the requirements of ISO 9001:2000 quality standard.

LANIT is a major Russian system integrator, distributor and business partner of over 40 biggest world-known computer and IT companies, including Cisco Systems, 3Com, APC, BEA Systems, Invensys Power Systems, BGS, Caldera (SCO), Citrix, Compaq, Computer Assoñiates, Dialogic, Diebold, EDS PLM Solutions (Unigraphics), Ericsson, F.G. Wilson, IBM, IIYAMA, Hewlett Packard, Hyperion Solutions, Lantech Computer Company, Liebert Hiross, Mercury Interactive, Microsoft (including. Microsoft Business Solutions), Mitsubishi Electric, Molex, Novell, Oracle, RIT, SSA Global, Symantec, Zyxel and others.

Additional information can be obtained from company website at http://www.lanit.ru