Central regions | Finance, business | Technology & innovation

Russian developer looks to unseat Microsoft from dominant position in Russia

22 Aug '18
New Cloud Technologies is developing a software platform, called My Office, to enable the user to both work on documents and store files in a cloud.

To enhance the product, the company is also developing a set of office services, including text editors, electronic tables, presentation tools, and an email client.

New Cloud Technologies is shooting for ongoing participation in the Russian governments IT import substitution program.

Earlier this year the company was said to have raised a hefty $30+m from VEB Bank, a domestic state-owned financial giant. The software developer needed the money to fine-tune its current products meant to help Russia replace imports completely in the B2G market segment and partially in B2B.
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Tags: software (29) / Microsoft (25) / VEB Bank (13) / New Cloud Technologies (0) /

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