Maykor secures new investment round

Maykor secures new investment round

Published: August 26, 2013

Russian IT company attracts US$100mn from RDIF, EBRD and CapMan to help finance M&A.

Maykor, Russia's largest IT outsourcing company, has raised US$100mn from a consortium of investors.

The state-owned Russian Direct Investment Fund (RDIF) has provided half of the money, while the European Bank for Reconstruction and Development (EBRD) and Russian private-equity firm CapMan have invested the remainder.

Maykor was founded in 2010 and today has more than 1,000 clients across varous industries. In a statement announcing this latest investment, company president Sergey Sulgin said the funds would help the company to continue a "selective M&A strategy".