OREANDA-NEWS. On 27 March 2008 was announced, that Soyuzinform, a subsidiary of OAO, entered into year-long IT infrastructure and software servicing contracts with the Russian Ministry of Finance, Federal Treasury and the Russian Insurance Supervision Service for a total of RUB 80.7m (approx. USD 3.39m).

Under the contracts, which extend till the end of 2008, Soyuzinform will provide a number of services, including hardware diagnostics and administration, equipment maintenance and repair, as well as installation of required software, debugging and any necessary preventive measures.

These new contracts refer to the fast growing IT Services segment, which is considered ARMADA’s priority. The group’s strategy is to increase the share of highly marginal businesses, such as Software Development and IT Services in the consolidated revenue.