DGAP-News: IBS Group Holding Limited / Key word(s): Contract
IBS Group Holding Limited: Russia's Top Bank Opts for IBS IT Services
as General Contractor of IT Project
16.02.2011 / 13:21
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IBS, a member company of IBS Group Holding Limited (IBSG), has been
selected general contractor of a SAP HR Human Capital Management (HCM)
implementation project for Sberbank, according to the official bidding
results published on the bank's website.
Sberbank of Russia is the biggest bank in Russia and the CIS. As of 1 July
2010 Sberbank ranked 43rd among the world's top banks in terms of Tier 1
capital, according to The Banker magazine.
The SAP HR HCM implementation project is part of Sberbank's ERP
Implementation programme, which is based on SAP ERP solutions. The project
will provide automation of all of Sberbank's HR functions including
personnel selection and recruitment, employee appraisal, performance,
training, travel, benefits, career and succession management. The new
system will also take over payroll, cost planning and compensation
administration functions.
The project is scheduled to last till end of 2014. By then, the SAP ERP HCM
module should process data on 250 thousand Sberbank employees including 7
thousand at the headquarters, 21 thousand in the bank's Moscow branch and
220 thousand in regional branches.
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IBS IT Services is the leader in the Russian IT and consulting market. It
is part of IBS Group Holding Limited (IBSG), along with Luxoft. Its core
lines of business span management consulting, implementation of business
applications, IT outsourcing and IT infrastructure. IBS headcount is about
3,000 employees including over 1,500 certified consultants and
professionals. IBS customer base includes 34 of Russia's top 50 companies.
For more information on IBS, please visit www.ibs-company.com
IBS Group is the leading emerging Europe IT company. Through two principal
subsidiaries, IBS IT Services and Luxoft, it provides a wide variety of
information technology services, such as business and IT consulting,
business applications implementation, IT outsourcing and software
development. IBS Group is headquartered in Russia and has business
operations in Russia, Ukraine, Romania, Poland, Germany, Switzerland, the
UK, , the USA, Canada, Vietnam and Singapore. IBS Group employs more than
6,700 people worldwide. In 2009 financial year, IBS Group reported US GAAP
revenues of $505m.
IBS Group's Global Depositary Receipts (GDRs) are listed on the Regulated
Market (General Standard) at the Frankfurt Stock Exchange (Bloomberg:
IBSG:GR; Reuters: IBSGq.DE). IBS Group is majority-owned by management with
portfolio investors holding 31% of the Group's share capital.
End of Corporate News
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Language: English
Company: IBS Group Holding Limited
Kissack Court, 29 Parliament Street
IM8IJA Ramsey (Isle of Man)
Isle of Man
Phone: +7 495 967 80 00
Fax: +7 495 967 80 99
E-mail: ibsgr@com
Internet: www.ibsgr.com
ISIN: US4509391037
WKN: A0MJ2Z
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin
End of News DGAP News-Service
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112414 16.02.2011
DGAP-News: IBS Group Holding Limited: Russia's Top Bank Opts for IBS IT Services as General Contractor of IT Project
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