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SITRONICS To Canccel Listing of GDRs

JSC SITRONICS (“SITRONICS” or the “Company”) (LSE: SITR), the leading provider of telecommunications, IT and microelectronic solutions in Russia and the CIS, announces in accordance with LR 5.2.8.R that it has requested (i) the UK Listing Authority to cancel the listing of the Company’s global depositary receipts representing its ordinary shares (“GDRs”) on the Official [...]

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ARMADA Announces Results of the Annual General Meeting of Shareholders

ARMADA OAO (MICEX-RTS: ARMD) hereby announces resolutions passed at the annual general meeting of shareholders (AGM) held on June 28. The company’s shareholders approved the Annual Report and Financial Statements Report. The shareholders also passed a resolution not to pay dividends based on the results of 2011 and to allocate the undistributed earnings for business [...]

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Kazakhvzryvprom Thanks IBA Kz

IBA Kz received a letter of thanks from Kazakhvzryvprom, a Kazakh company involved in the drilling and blasting industry, on implementation of Chancellor Mini. In his letter, Arman Ramazanov, Chairman of Kazakhvzryvprom Board, says: “Having analyzed various approaches to electronic document management and evaluated the solutions available at the Kazakh market, JSC Kazahvzryvprom decided to [...]

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IBM Certificates Handed to BSU Students

On June 26, students of the Belarusian State University (BSU) who completed training in the IBM course Data Models and Databases received IBM certificates. The ceremony was held in the IBA–BSU joint laboratory in Minsk, Belarus. Since 2011, training in Data Models and Databases has been conducted at the Faculty of Applied Mathematics and Computer [...]

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TotalSoft Announces Acollada, the New Brand Identity for Its Software Division

TotalSoft launches new Software Development brand Acollada, highlighting both the innovation capabilities and the business maturity of its Software Division. Acollada will continue to offer software development services for Web platforms and Mobile apps, while using its vertical expertise in Services,Telecom, Market Research, Media, Utilities, Pharma& Medical and Public sector. The software development team is [...]

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RTI Launches a Statutory Squeeze-Out Procedure to Acquire 0.52% of SITRONICS Shares

JSC SITRONICS (“SITRONICS” or “the Company”) (LSE: SITR), the leading provider of telecommunications, information technology and microelectronic solutions in Russia and the CIS, announces that it has received today a squeeze-out notice (“SON“) from OJSC RTI (“RTI”) to acquire approximately 0.52% of SITRONICS ordinary shares from SITRONICS minority shareholders at a price of RUB 0.55 [...]

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Promwad Completes the Development of AK1100 Thin Client

The Promwad Innovation Company, the largest developer of electronics in Eastern Europe, has completed the development of a new product for a Russian customer, AK-Systems. The new development is the AK1100 thin client, a compact computer for networks with a client-server architecture, which serves as a point of access to a virtual desktop. Promwad’s engineers [...]

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Analysys Mason Study Investigates How Much BSS/OSS Can Be Shared Between B2B and B2C Telecom Operations

Comarch, a global provider of end-to-end solutions for telecommunications today released the findings of a commissioned white paper written by Analysys Mason’s Mark H. Mortensen, that investigates whether it is possible to share some BSS and OSS functions between the mass (B2C) and custom (B2B) operations, to achieve lower TCO (total cost of ownership) and [...]

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TotalSoft Establishes Direct Presence in Austria

TotalSoft, the regional software provider and member of Global Finance,strengthens its European presence and establishes a new subsidiary in Vienna, as part of the company’s internationalexpansion plan. With a growing portfolio of international clients in 25 countries, TotalSoft has successfully implemented business software in the region, in countries like Germany, Poland, Hungary, Czech Republic or [...]

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Comarch Will Implement an Investment Advisory Solution in the Nordic Region

Comarch’s project for Skagen Funds will be the second one for the investment sector in the Nordic Region. The contract with Skagen Funds (Norway) covers the implementation of Comarch Investment Advisor, a product supporting the advisory process for investment products offered to private and intititutional clients. The system dedicated to client advisors will enable complex [...]

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