The International Finance Corporation (IFC, a part of the World Bank group) and the Intel Capital international investment fund have become minority shareholders in the Kyiv-based De Novo Company, a solution provider.
Ukrainian News learned this from a joint statement made by the companies.
IFC and Intel Capital have become minority shareholders in De Novo and the KM Core investment technological holding based in Kyiv remains the major owner of the company.
IFC is investing in De Novo USD 3.5 million, the size of investment by Intel Capital is not disclosed.
De Novo intends to use the investment funds for building a commercial center for data processing and for expanding the spectrum of services provided by the company.
Intel Capital is an investment fund of the Intel corporation.
As Ukrainian News earlier reported, the KM Core Company purchased De Novo in 2010 through an affiliated company based in Cyprus.
KM Core is a result of re-branding Kvazar-Mikro.
The holding consists of four companies: KM Techno (development of software products under SaaS model, software as a service, office in Kyiv), KM Ware (outsourcing services for development of software for companies based in the United States, the European Union, and the Commonwealth of Independent States, offices in Kyiv and United States), КМ 211 (creation of architecture of microelectronic integrated circuit, office in Zelenograd, Russia), KM Disti (IT-distributor).
The De Novo Company’s core activity is provision of IT services. The company was founded in 2008 by Maksym Aheyev who was the president of the Kvazar Mikro Company from February 2006 through February 2008.
