Veon Ltd., through its Russian subsidiary VimpelCom, has acquired cloud IT infrastructure provider IBS DataFort. Terms of the deal were not disclosed.
This is technology M&A deal number 788 that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.
Veon Acquires IBS DataFort
Veon is a global provider of connectivity and internet services, including through its VimpelCom Russian subsidiary that runs the Beeline mobile operator brand, according to the statement. The acquisition will enable Veon's Beeline mobile operator in Russia to expand its portfolio of cloud services for business customers and increase its market share. Beeline also plans to jointly develop new products and integrated solutions around cloud, cybersecurity, big data analytics and IoT, according to the statement. IBS DataFort will be integrated into Beeline's BeeCLOUD business unit.
IBS DataFort is a provider of IT and security services and is one of the largest and fastest-growing cloud computing companies in Russia. The company has been in the information technology market since 2001 and offers managed private, public and hybrid cloud services to businesses.
Veon Acquires IBS DataFort: Expanding Technological Capabilities
Kaan Terzioglu, CEO of VEON Group, commented on the acquisition:
"Augmented intelligence, based on big data, is a foundation of all the products that we offer to our business customers and a key enabler of our digital operator strategy. The acquisition of IBS DataFort will enable us to expand our technological capabilities by bringing together our internal expertise and connectivity assets with the know-how and proven performance of IBS DataFort."
