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Corporation
MOBILE & TELECOMMUNICATIONS
company.rt.ru

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Investments

2

Portfolio Exits

1

Partners & Customers

10

About Rostelecom

Rostelecom (MCX: RTKM) (OTCQX: ROSYY) is a national telecommunications company in Russia and Europe, with a presence in every segment of the telecommunications services market and coverage of more than 34 million households in Russia.

Rostelecom Headquarter Location

Goncharnaya st. 30 (building 1)

Moscow, 115172,

Russian Federation

+7 (499) 999-82-83

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Rostelecom Web Traffic

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Rostelecom Rank

Research containing Rostelecom

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CB Insights Intelligence Analysts have mentioned Rostelecom in 1 CB Insights research brief, most recently on Nov 20, 2019.

Latest Rostelecom News

Russians want to replace SAP with homegrown solutions

Apr 3, 2022

Russians want to replace SAP with homegrown solutions Russians want to replace SAP with homegrown solutions Ukraine asks SAP to end support for its software in Russia. Credit: Dreamstime Russian corporations believe they can replace software from Western vendors such as SAP with solutions they have developed themselves. Meanwhile, thousands of IT specialists are leaving the country. After several major software vendors including Microsoft, Oracle, and SAP announced they were shutting down their operations in Russia , Russian companies are apparently now looking to switch to homegrown solutions. For example, Mikhail Oseyevsky, president of the state-controlled Russian telecommunications company Rostelecom, believes that domestic IT companies could replace SAP’s products with adequate government support. “We are clear that with government support, cross-cutting projects in IT will also be launched and we will be able to overcome global challenges, for example, substituting SAP,” Oseyevsky said, according to the the German newspaper “Rhein-Neckar-Zeitung” (RNZ), which cited a meeting with various international media. Rostelecom is one of the largest telecommunications companies in Russia with more than 140,000 employees. The group, whose chief executive maintains close ties with Russian strongman Vladimir Putin, announced a cooperation with SAP in 2017 and has since been working with human capital management (HCM) solutions from SuccessFactors, the cloud provider acquired by SAP. At that time, Nikita Cherkasenko, responsible for human resources development at Rostelecom, was still singing the praises of the SAP solution: “We want to help build a new digital Russia and know that a company as large as ours cannot be flexible and agile enough without the best HCM solutions on the market.” With the help of SAP SuccessFactors solutions, he said, they are now able to recruit the top talent with the digital skills Rostelecom needs. IT specialists leave Russia However, recruiting IT talent may soon be a thing of the past for the Russian telco group. Thousands of specialists are currently leaving Russia. In March alone, 50,000 IT specialists are said to have turned their backs on the country, reported Sergey Plugotarenko, director of the Russian Association of Electronic Communications (RAEC). About 150 IT companies are members of the industry association, including Russian IT providers such as the security specialist Kaspersky, but also Russian representatives of foreign companies such as Microsoft, Apple and Samsung. Plugotarenko expects the IT exodus to continue in April. The sanctions imposed by the West and the withdrawal of large Western IT groups from Russia are responsible for this, he said. This is likely to make it difficult to line up the developer resources needed to build complex business systems. RAEC officials did not say a word about Russia’s war of aggression on Ukraine. The Russian power apparatus threatens all those who speak of invasion and war with draconian punishments. SAP CEO Christian Klein condemned Russia’s attack on Ukraine: “Like the rest of the world, we are watching the war in Ukraine with horror and condemn the invasion in the strongest possible terms. An act as inhumane and unjustified as this is an attack on democracy and humanity. Its consequences affect us all.” In early March, he announced that he would shut down business in Russia. In a blog post, he wrote: “We are stopping business in Russia and Belarus aligned with sanctions and, in addition, pausing all sales of SAP services and products in Russia and Belarus.” Existing customers not covered by the sanctions, however, would continue to be served under contractual agreements, the German software company said. Volodymyr Zelensky: There must be no half decisions Ukrainian President Volodymyr Zelensky recently sharply criticised this support and called on SAP to completely stop supporting its software in Russia. “Now can be no ‘half’ decisions or ‘halftones’!” wrote Zelensky on Twitter. “There is only black and white, good or evil! You are either for peace or support the bloody Russian aggressor to kill Ukrainian children and women. Microsoft, Oracle, SAP, stop supporting your products in Russia, stop the war!” In an interview with RNZ, SAP CEO Klein had shown understanding for Zelensky, but at the same time defended his strategy. For example, he said, hospitals, supermarkets and companies that are important for vaccine production and distribution are operated with SAP’s software. “If we shut all that down, it won’t stop the war,” the CEO said. “SAP doesn’t want to presume to know better than politicians and experts.” That’s why the company has taken this path, he said.

Rostelecom Investments

2 Investments

Rostelecom has made 2 investments. Their latest investment was in Elvis-Plus as part of their Corporate Minority on August 8, 2020.

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Rostelecom Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/31/2020

Corporate Minority

Elvis-Plus

Yes

1

6/10/2019

Series B

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$99M

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10

Date

8/31/2020

6/10/2019

Round

Corporate Minority

Series B

Company

Elvis-Plus

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Amount

$99M

New?

Yes

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Co-Investors

Sources

1

10

Rostelecom Portfolio Exits

1 Portfolio Exit

Rostelecom has 1 portfolio exit. Their latest portfolio exit was Brain4Net on October 27, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/27/2021

Acquired

12

Date

10/27/2021

Exit

Acquired

Companies

Valuation

Acquirer

Sources

12

Rostelecom Acquisitions

16 Acquisitions

Rostelecom acquired 16 companies. Their latest acquisition was BI Solution on May 16, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/16/2022

$99M

Acquired

1

1/31/2022

$99M

Corporate Majority

1

12/22/2021

$99M

Acquired

2

3/18/2021

Other Venture Capital

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$99M

$99M

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10

10/22/2020

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$99M

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10

Date

5/16/2022

1/31/2022

12/22/2021

3/18/2021

10/22/2020

Investment Stage

Other Venture Capital

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acquired

Corporate Majority

Acquired

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Sources

1

1

2

10

10

Rostelecom Partners & Customers

10 Partners and customers

Rostelecom has 10 strategic partners and customers. Rostelecom recently partnered with Juniper Networks on December 12, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

12/3/2019

Vendor

United States

Rostelecom Partners with Juniper Networks to Build IP Transport Backbone for Next-Generation Services

Rostelecom is also extremely pleased to continue to work with our trusted partner , Juniper Networks , Inc. . ''

3

11/20/2019

Partner

Russian Federation

ROSTELECOM PJSC: VTB and Rostelecom join forces to create big data solutions

Rostelecom and VTB Capital will set up a joint venture to focus on creating new products to meet customers ' needs based on big data analysis and processing , including with AI technologies .

1

9/24/2018

Partner

Finland

Nokia, Rostelecom come together in networking joint venture

Nokia and Rostelecom are coming together on a joint venture for network technologies , following through on a potential plan the two discussed in the spring .

1

9/6/2018

Client

Russian Federation

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10

11/29/2017

Partner

Russian Federation

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10

Date

12/3/2019

11/20/2019

9/24/2018

9/6/2018

11/29/2017

Type

Vendor

Partner

Partner

Client

Partner

Business Partner

Country

United States

Russian Federation

Finland

Russian Federation

Russian Federation

News Snippet

Rostelecom Partners with Juniper Networks to Build IP Transport Backbone for Next-Generation Services

Rostelecom is also extremely pleased to continue to work with our trusted partner , Juniper Networks , Inc. . ''

ROSTELECOM PJSC: VTB and Rostelecom join forces to create big data solutions

Rostelecom and VTB Capital will set up a joint venture to focus on creating new products to meet customers ' needs based on big data analysis and processing , including with AI technologies .

Nokia, Rostelecom come together in networking joint venture

Nokia and Rostelecom are coming together on a joint venture for network technologies , following through on a potential plan the two discussed in the spring .

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Sources

3

1

1

10

10

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