AMSTERDAM, December 17, 2021 / PRNewswire / – VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), one of the world’s leading providers of connectivity and internet services, has acquired IBS DataFort, a provider of cloud computing infrastructure. The acquisition was carried out by the Russian subsidiary VimpelCom of VEON which manages the mobile operator brand Beeline and IBS DataFort will be integrated into the BeeCLOUD business unit of Beeline.
IBS DataFort is a rapidly growing IT and security services provider and one of the largest and fastest growing cloud companies in the world. Russia. The company has been in the information technology market since 2001, providing managed private, public and hybrid cloud services to meet a full range of business needs.
The acquisition will enable VEON’s mobile operator Beeline to Russia to expand its portfolio of cloud services for professional customers while becoming one of the main 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, driven by big data, is the foundation of all the products we offer to our business customers and a key part of our digital operator strategy,” said Kaan Terzioglu, CEO of VEON Group. “The acquisition of IBS DataFort will allow us to expand our technological capabilities by combining our internal expertise and connectivity assets with the know-how and proven performance of IBS DataFort.
VEON is a global connectivity and digital services provider listed on NASDAQ and Euronext Amsterdam. Our businesses are transforming lifestyles with technology-driven services that provide opportunities in some of the world’s fastest growing emerging markets. For more information visit: https://www.veon.com
This press release contains “forward-looking statements” as defined in Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts and include statements relating, among other things, to the potential benefits of the transaction described above. Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with precision and some of which may not even be anticipated by VEON. The forward-looking statements contained in this press release speak only as of the date of this press release. VEON does not undertake to update publicly, except as required by US federal securities laws, any forward-looking statements to reflect events or circumstances after those dates or to reflect the occurrence of unforeseen events.
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SOURCE VEON SA