2013

November 08, 2013 Armada ranks among Russia's Top-10 high-tech companies

Moscow, November 8, 2013 - Armada OAO (MICEX-RTS: ARMD) has made it to the Top-10 of Russian high-tech companies in accordance with the rating TechUp-2013. The rating is organized by Russian Venture Company and Association of Innovative Regions of Russia together with Vnesheconombank and PwC.

«Only 50 innovation gazelle companies are listed in the TechUp-2013 rating. That is half as many as in previous year, which can be explained by a new, more rigorous selection process complying with international standards. This time, experts have taken into account innovation investment and R&D financing as a crucial factor. As a result, we have a selection of the best companies working on the development of new products, rather than using their previous projects,» Expert magazine commented on the ranking process.

The leaders of the rating fall into three categories: largest companies (by revenue gained); fastest-growing companies (by revenue growth rate) and most innovative companies (by product technology level, its novelty, companies' intellectual property, as well as R&D and technological innovations expenses). Armada is ranked among Top-10 in terms of largest companies.

«The main focus of Armada's activities is software development and IT services delivery - the segments that are responsible for technological innovations,» said Alexey Kuzovkin, Chairman of the Board of Directors of Armada OAO.

About Armada
Armada OAO (MICEX-RTS: ARMD) is a leading software developer and IT services provider for public and corporate customers in Russia. Armada ranks among Top-5 software developers in Russia (Expert RA rating). The company develops software solutions in the field of automation of public services and domestic business processes of government bodies, as well as solutions for financial sector companies, health organizations and other establishments. In total, Armada's solutions are used by over 30 million people in Russia. Website: www.armd.ru/en

Contacts:
Armada Customer Service
Tel: +7 (495) 797-6020, ext. 1404,
E-mail: marketing@armd.ru
Website: www.armd.ru/en


See also:

  • Armada is ranked among Top 20 largest IT companies of Russia
  • Armada Soft is No.1 web developer in Russia
  • Armada boosts FY12 revenue 20%



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