2010

The year was very positive – for the market and for ARMADA. Revenue of ARMADA increased by 18% (the market growth amounted to 13%). Net profit margin amounted to 10%, at the level of pre-crisis profitability. ARMADA was named among TOP-25 leading IT companies and TOP-5 leading software developers according to the Kommersant Dengi magazine and Expert RA rating agency. ARMADA came in TOP-10 IT developers in Russia who produce their own IT products. The rating was made by CNews Analytics. Representative of Wermuth Asset Management GmbH became a member of ARMADA’s Board of Directors, representing interests of minority shareholders. ARMADA’s shares upgraded to main List of Securities Admitted to Trading on MICEX.

2009

The global financial crisis has affected the development of Russian IT market in an extremely negative way. According to analyst researches the Russian IT market decreased by 45% in 2009. Revenue of ARMADA decreased by 36%. The low decrease of the company’s revenue in comparison to average figures in the market became possible due to the extensive and well diversified client base. The share of state structures in the revenue of ARMADA amounted to 75%, the financial sector provided more than 10%. Thanks to the diversified client base and costs’ optimization program ARMADA managed to get positive profit.

According to annual ratings of Russian IT companies by Kommersant Dengi magazine and Expert RA rating agency, ARMADA got into TOP-25 in general rating of all Russian IT companies and TOP-5 of software developers in 2009. ARMADA also came in TOP-3 among web developers in Russia according to CMS Magazine. Sberbank corporate web-site developed by ARMADA gained the 1st place among all Russian portals rated by Financial Times Bowen Craggs Index 2009.

2008

Due to the beginning of economical recession the growth rates of IT market decreases 3-fold and fell down to 10%. In order to minimize the negative impact of macroeconomic factors on the financial condition of the company, ARMADA took some measures in the 4th quarter of 2008 directed to the optimization of costs’ structure. Staff reduction and wage cut were carried out. The growth of revenue of the company in 2008 reached 27%. The company has fully repaid the credit line that was opened earlier for financing new acquisition.

2007

In April 2007 the general shareholders’ meeting of RBC decided to spin off its IT business to a separate company - OAO ARMADA.

In July 2007 the company held a successful IPO on MICEX and RTS by means of placing of additional 2 mln shares among the institutional investors from Russia and Europe and raised about $30 mln. The funds from IPO were used for acquisition of controlling interest in PM Expert, Soyuzinform and ETC, as well as for business development.

The combination of organic growth and acquisitions enables ARMADA to enter new and fast growing IT market sectors, as well as to expand its client base and the range of its services. The revenue of the company grew by 62%.

2005

In 2005 ARMADA (a part of RBC at that time) started to look actively for potential interesting assets for acquisition on the Russian IT market. In 2006 the company made its first acquisition - a systems integrator Helios IT-Solutions which led to more than a twofold increase of revenue of IT business direction and the beginning of a successful participation in large governmental tenders.

2000

As the number of outside orders grew, the new company RBC SOFT (later renamed to ARMADA SOFT) was established. The company specialized in software development for corporate clients. Thanks to the fact that ARMADA began its business exactly in the area of software development and implementation, now it takes the most powerful positions in this market segment.

1995

The history of the company goes back to 1993, the year of the establishment of RBC Group. Originally ARMADA’s employees were a part of the RBC IT department ensuring the operations of the internal IT infrastructure and carrying out developments to orders of outside customers. The launch of the web resource www.rbc.ru, that is widely known in Russia, was a landmark event.