ABOUT ORADELL CAPITAL

Oradell Capital is a venture capital fund investing in start-up companies since 1999. The fund was created by the IBS Group – Russia's leading player in all IT market segments, from system integration and offshore programming to hardware manufacturing and distribution.

Oradell Capital provides companies with access to the knowledge and experience of IBS Group, assisting them to successfully develop their businesses in the Russian, US, Canadian and global markets.

The Oradell Capital invested in companies in the following areas: Digital media, Wireless sensor technology, Machine-to-Machine Systems, Pervasive Internet and Ad-Hoc Computing, Smart Services and Devices, Information and Communication Technologies, Web 2.0.

About IBS Group
Founded in 1992, the Group is a leading provider of IT services and products in Russia. Throughout its 14-year history, the Group has been setting benchmarks in the Russian IT industry and delivering quality solutions to large and medium-sized business customers and government agencies. The Group has achieved strong organic growth by identifying new market opportunities and successfully entering new sectors of the Russian IT market. Today, the Group's main activities include IT services, offshore programming and hardware products. The Group's comprehensive service and product offering enables it to provide "one-stop" shopping and "turnkey" IT solutions to clients across these product lines.

The Group is consistently ranked among Russia's top IT companies. Each of the Company's three business divisions is one of the market leaders in its sector and each possesses strong brands that are widely recognized amongst its client base.

The Group's activities are conducted through its operating subsidiaries which are predominantly in Russia and almost all of which are wholly-owned. Of the Group's 4,000 staff, 90 per cent are located in Moscow.