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RED SOFT announced that the Moscow stock exchange registered its bond program for 200 million rubles. The circulation of securities according to the program will be up to 3 years. The program is registred for 15 years.
The public offer of the first bond issue started on May 14 within the framework of the program: RED SOFT bonds are available for investors with 14% coupon (paid 4 times a year) and a two-year maturity. The bond issue is aimed to fund the development of high-tech import-independent and sanction-tolerant IT products, and to increase the credit of trust for the company.
RED SOFT both acts as the developer of the complete technological stack of system software (RED OS operating system, Red Database DBMS, Red Document Platform ERP system designer), and as a system integrator that implements large comprehensive projects in the field of data storage and data management based on its own software.
RED SOFT develops the existing product lines of both system and application software products (for example, systems for Government Electronic Interagency Interaction, office document management systems, etc.). In the same time the company regularly launches new high-tech products (for example, a biometric GEMBA-stack face recognition system was created in 2017).
The combination of the role of the developer of the full technological stack of software and the developed practice of creating ready-made solutions on the basis of its own system software, which is unique not only for Russia but also in the world practice, in the conditions of the import substitution policy, makes good chance for RED SOFT to win the leading position in the domestic market, which is being rapidly released by western vendors like Microsoft and Oracle. Obviously, the possibility of rapid market promotion, combined with extensive expertise in large Government projects, allows RED SOFT to efficiently attract significant amounts of capital investment while maintaining profitability and reliability.
"The Government strategy to replace foreign software with russian has formed a new market. However, a qualitative breakthrough for the domestic IT sector is impossible without external funding, including exchange. Access to exchange, obviously, will open new horizons for our company", commented Maxim Anisimov, RED SOFT CEO.
See details on: http://www.cnews.ru/news/line/2018-05-22_red_soft_perehodit_v_aktivnuyu_fazu_privlecheniya
