AMSTERDAM, Dec. 17, 2021 /PRNewswire/ -- VEON Ltd. (NASDAQ:
VEON) (Euronext Amsterdam: VEON), a leading global provider of
connectivity and internet services, has acquired IBS DataFort
a cloud IT infrastructure provider. The acquisition was made by
VEON's VimpelCom Russian subsidiary that runs the Beeline mobile
operator brand and IBS DataFort will be integrated into Beeline's
BeeCLOUD business unit.
IBS DataFort is a fast-growing 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 address a full range
of business needs.
The acquisition will enable VEON's Beeline mobile operator in
Russia to expand its portfolio of
cloud services for business customers while also becoming one
of the leading players in the market. Beeline also plans
to jointly develop new products and integrated solutions at the
intersection of cloud, cybersecurity, Big Data analytics and
IoT.
"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," said Kaan Terzioglu, CEO of VEON
Group. "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 ."
About VEON
VEON is a NASDAQ and Euronext Amsterdam-listed global provider
of connectivity and digital services. Our companies are
transforming lifestyles through technology-driven services that
empower opportunity in some of the world's fastest-growing emerging
markets. For more information,
visit: https://www.veon.com
Disclaimer
This release contains "forward-looking statements", as the phrase
is defined in Section 27A of the U.S. Securities Act of 1933, as
amended, and Section 21E of the U.S. Securities Exchange Act of
1934, as amended. Forward-looking statements are not historical
facts, and include statements relating to, among other things, the
potential benefits of the transaction described above.
Forward-looking statements are inherently subject to risks and
uncertainties, many of which VEON cannot predict with accuracy and
some of which VEON might not even anticipate. The forward-looking
statements contained in this release speak only as of the date of
this release. VEON does not undertake to publicly update, except as
required by U.S. federal securities laws, any forward-looking
statement to reflect events or circumstances after such dates or to
reflect the occurrence of unanticipated events.
Media Contact Information:
VEON Group
Group Communications Director
Marina Levina
Marina.levina@veon.com
ALEX BROOKS
PARTNER
M +44 7900 205 460
tuvapartners.com
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SOURCE VEON Ltd