MegaFon has acquired a 100% stake in Project Investment Technologies Management Company LLC (“TechnoInvestProject”), from Russian systems integrator Technoserv group.
The TechnoInvestProject has a strong team of developers and the intellectual rights to technical solutions for the implementation of “safe city” projects, will make it possible to expand MegaFon’s offering in the segment of ICT solutions for government customers.
MegaFon acquired the stake via its subsidiary Digital Business Solutions LLC for a total cost of RUB 620 million (US$9.9M), and is planning to integrate the TechnoInvestProject seamlessly into its operations. The intellectual rights to software for a regional integration platform and the Unified Emergency Response Center will also be transferred to the company.
The operator is actively involved in the state program for digitalisation of the Russian economy. With the best infrastructure in the industry and the technical base to develop integrated platform-based digital solutions, MegaFon is already implementing comprehensive Smart City projects in a number of Russian regions; for example, its “Safe city” project has been launched in Samara and Sochi.
MegaFon is also developing regional partnerships and has signed agreements for city digitalisation and information infrastructure development with the Government of Moscow and St. Petersburg, as well as administrations of the Ulyanovsk, Pskov, Saratov and Novgorod regions and the Udmurt Republic. It is hoping to use TechnoInvestProjects’ digital solutions across these agreements.
The acquisition of TechnoInvestProject, an owner of software for regional integration platform systems, will provide MegaFon with the required resources to increase public safety, including the safety of citizens, infrastructure, the environment and transport.
“With the professional IT team of TechnoInvestProject and its access to the technologies of safe city systems, we will be able to offer a unique comprehensive solution for implementing safe city IT infrastructure for ensuring safety and order in the cities”, said Anna Serebryanikova, Chief Operating Officer, MegaFon.