ARMADA is a leading software developer and IT services provider in Russia. The company has been operating on the Russian IT market for over 15 years and focuses on high-margin solutions for the public sector and corporate clients. ARMADA’s revenue compound annual growth rate (CAGR) amounted to 29% in 2004–2010 whereas the Russian IT market expanded at a rate of 8%.

ARMADA is distinguished by its high margin (EBITDA 11.2% of revenue $120 mln in 2010) and absence of long-term debt leverage; focus on the promising software market (ARMADA is among the top 5 software developers in Russia); successful combination of organic growth with M&As (five IT companies congenial to ARMADA’s core product line have been acquired in 2006-2011); and sufficient resources and targets for new acquisitions.

ARMADA is the first Russian IT company that made an IPO on MICEX and RTS (2007).

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