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Data Frame LLC (DataFrame) - one of the leaders in the field of data management solutions in Russia and ID Financial Technologies LLC (IDFT), Russian IT company and an expert in the development and implementation of specialized banking solutions, announce the signing of a sales contract of a controlling stake in IDFT in favor of DataFrame.

The key goal of this transaction is to implement and ensure the maximum level of professional and technological synergy and to bring the product offer to a new quality level, to enter new sales markets as well as continue developing the import substitution strategy by implementing the experience, skills and knowledge of the combined team and using the implemented opportunities for free software community.

By using the services of the joint structure, business clients receive deep expertise in several areas at once. We offer advanced technologies and qualified consultants and select the optimal solution based on the needs of the client and our own years of experience. Collaboration between DataFrame and IDFT will expand our package of services with reliable and high-quality domestic solutions for financial institutions.

By issuing this press release both companies confirm their commitment to the principle of continuity, maintaining all previously accepted obligations to all current customers in full and in accordance with signed contracts and agreements. We are looking forward to continuing our successful cooperation and offering an expanded experience, capabilities and product portfolio.

Under the terms of the agreement, Dmitry Alekseevich Zaitsev retains the position of General Director of ID Financial Technologies and continues to provide operational management to the Company. We are going to notify all of our counterparties of the forthcoming changes in linear interaction as part of standard communications in the most favored manner and preserving previously built business processes.

Press-service of DataFrame and IDFT