M&A Deal Summary

VEON Acquires IBS DataFort

On December 17, 2021, VEON acquired internet software and services company IBS DataFort

Acquisition Highlights
  • This is VEON’s 1st transaction in the Internet Software and Services sector.
  • This is VEON’s 2nd transaction in Russia.

M&A Deal Summary
Date 2021-12-17
Target IBS DataFort
Sector Internet Software and Services
Buyer(s) VEON
Deal Type Add-on Acquisition

Target

IBS DataFort

Moscow, Russia
website
IBS DataFort is a provider of cloud based IT and security service for cloud computing companies. IBS DataFort is based in Moscow, Russia.

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Buyer(S) 1

Buyer

VEON

Amsterdam, Netherlands

website

Category Company
Founded 1992
Sector Communications
Employees16,422
Revenue 3.8B USD (2022)
DESCRIPTION

VEON is a provider of telecommunication services. VEON provides more than 200 million customers with voice, fixed broadband, data, and digital services. VEON was founed in 1992 and is based in Amsterdam, Netherlands.

DEAL STATS #
Overall 4 of 4
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 4 of 4
Country (Russia) 2 of 2
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-06 National Tower

Russia

National Tower operates a portfolio of approximately 15,400 mobile network towers in Russia. National Tower is based in Russia.

Sell $970M
Mergr

Product

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