The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

Stage

Corporate Majority | Acquired

About Fastech

Fastech provides proprietary software solutions in the areas of information and analytical utility infrastructure, automated systems for capital repairs, state housing inspection, as well as management systems for power supply data collection.

Fastech Headquarter Location

Moscow,

Russian Federation

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Fastech News

Rostelecom acquires Fastech, a digital solutions provider for utility companies Official corporate information website

Aug 8, 2020

Moscow, Russia – August 6, 2020 – Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), the largest integrated digital service provider in Russia, today announces that it has signed the legally binding agreement to acquire 51% of a Fastech Ltd, a digitization provider for utility companies. The agreement has been signed through Rostelecom’s subsidiary company Netris. Fastech provides proprietary software solutions in the areas of information and analytical utility infrastructure, automated systems for capital repairs, state housing inspection, as well as management systems for power supply data collection. Rostelecom has been benefitting from Fastech’s solutions within its complex utility projects in Moscow Region. Anna Shumeiko, Senior Vice-President, the Chief of Staff of the President of Rostelecom: “Rostelecom continues to integrate assets with smart utility solutions in their portfolios. Fastech is a significant addition to our product range and a strong contribution to strengthening our position in the utility digitisation market.” Further information is available at https://www.company.rt.ru/en/ir/news_calendar/ .

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.