1C, the Russian enterprise software giant, has acquired a 51% stake in Megaplan, a publisher of cloud-based business service solutions, the Russian news agency RIA Novosti reported yesterday. The amount of the deal was not disclosed.
The Russian management company IQ One, an early investor in Megaplan, has kept a blocking minority share in the company.
Megaplan, which claims its solutions have been used by over 2,500 clients in 60,000 projects, plans a six-fold increase in its turnover this year compared to 2011.
1C, whose revenues topped $814.6 million last year, up 34% from 2010, plans to go public by 2015 or in the subsequent years. In May of last year, 1C acquired a stake in Lognex, a business automation SaaS provider.
In October, Baring Vostok, a leading private equity fund operating in Russia and the CIS, acquired a 9% stake in 1C.
