OREANDA-NEWS. On March 14, 2007 during press conference, Verysell Group announced its financial results for 2006, reported the press-centre of  Verysell Group.
The Group’s revenues totalled $470 million, including $244 million in revenues from system integration and consulting services and $226 million from distribution.  During 2006 the group raised $40 million for business development through the sale of a minority stake and by attracting a convertible loan. This was the fourth cross-border capital market experience in the company’s history. Verysell’s capitalisation has grown more than 20 times since 2000.  Verysell’s success in 2006 was based of the achievements of its five main business units involved in system integration, consulting and value-added distribution.

The Group’s largest enterprise is Verysell Projects, one of Russia’s leading system integrators with vast expertise in implementation of large-scale projects for the fuel and energy sector, telecommunications, banking and Russian public agencies. During 2006 Verysell Projects continued the diversification of its services portfolio, and, as a result, the revenue share of services in the company’s turnover has doubled in the past three years. Major projects were implemented at the Bank of Russia, RAO UES, SOGAZ Insurance Group, Pepsi and the Moscow City Archives. Operations in other regions have been expanding. Furthermore, Verysell Projects became the world’s first company to receive of all four technology specializations under the enhanced Cisco Systems Channel Partner program and a Gold Certified Partner designation.  Verysell Distribution has been continually developing value-added distribution operations. During 2006 the company restructured its portfolio by enhancing the share of value-added products. The main drivers of growth were the Enterprise Systems Department (23% growth), the LAN-Telco Department (65%) and the Software Department (91%). In addition, Verysell Distribution became the first Russian distributor to introduce a SAP solution for its own processes.

 
Verysell Icon3, Sterling Integration and Verysell Enterprise ONE specialize in consulting and development of original software applications. Throughout 2006 these business units continued to develop and roll out innovative business and asset management solutions for large industrial plants and other enterprises and implemented a series of major projects based both on the companies’ own technologies and on solutions offered by leading global manufacturers. Verysell Icon3 also launched a large-scale asset management project for Russian Post.  One of the group’s strongest practices is SAP and ERP rollout services. Sterling Integration and Verysell Enterprise ONE have the best expertise and authority in automation systems for industrial enterprises and trade and distribution companies. In 2006, Sterling Integration completed several projects, including rollout of TransBase vehicle company management systems for SpetsTransServis (a business unit of Gazprom Neft) and Lensk Motor Carrier No. 2, which became the third affiliate of AlmazDorTrans to operate a TransBase system. Simultaneously, Sterling Integration became a SAP Service Alliance Partner – the highest designation for SAP integrators. Verysell Enterprise ONE, which has been named the best SAP partner in the small and medium-sized business segment for three consecutive years, is now expanding its activities in the field of SAP-based automation for trade and distribution companies by adding an entire range of system integration services for fast-growing businesses. Last year, the company signed a contract for implementation of a complex project with Vostok Service. It continues to develop solutions for distribution companies and has added functionality during the rollout for Alidi, Trakt and Nordtex.

Verysell has already started to implement its plans for 2007, including its continuing merger and acquisition program, full rollout of SAP in all the Group’s companies, and completion of the second stage of the fund-raising program.