Rostec unit buys 30% of OS developer Red Soft
MOSCOW. June 10 (Interfax) - RT-Red, a division of Russian state corporation Rostec, has acquired a 30% stake in Red Soft, the developer of the Red OS operating system, Rostec said in a press release.
The deal was made as part of a partnership agreement aimed at strengthening technological sovereignty in the information technology sector and promoting Russian software on the domestic and foreign markets, Rostec said.
The price of the transaction was not disclosed.
RT-Red is owned by JSC Digital System, which became the owner of 30% of Red Soft LLC on April 28, the Unified State Register of Legal Entities showed. The seller of this stake at the time was JSC Digital Vector, a company owned by Artur Deyev, who is also CEO of Digital System.
Rostec said the main area of cooperation will be joint development of Red Soft's ecosystem of system software and applications, and the creation of an integrated line of import-replacing corporate software solutions and software and hardware systems that increase the efficiency of business processes.
"The partnership with Rostec will enable Red Soft to accelerate the development of its product portfolio, implement new ambitious projects with technology partners, as well as offer the Russian and international markets more effective solutions, including ones that surpass foreign analogs. The new level of cooperation will facilitate the further achievement of import substitution goals in the IT sector, and the formation of conditions for accelerating economic growth and Russia's achievement of leading positions in the area of high technology," Red Soft CEO Maxim Anisimov was quoted as saying in the press release.
Red Soft is a Russian developer of software based on its own tech stack. The company's portfolio includes an ecosystem of solutions for organizations and IT infrastructure management, as well as applications that provide the foundation for automating government information systems.
Red Soft LLC was incorporated in 2014 with charter capital of 176 million rubles, the SPARK-Interfax information system showed. The company closed 2024 with net profit up 270% to 797.1 million rubles on revenue up 80% to 3.8 billion rubles.
