Yandex and VK discuss merging their clouds and enterprise SI into a joint company with about 30% of the market
Prepared by Sintelligent with the help of SI. Publication time restored from the build log. . Updated: .
Russian giants are joining forces to afford costly SI infrastructure, and the market is consolidating around compute.
According to RBC, talks have been going on since July: VK may contribute all of VK Tech, and Yandex Yandex Cloud, Yandex 360 and part of the SI business of Yandex B2B Tech; a 50-50 split and a structure based on the company BTB Tech LLC are being discussed. The combined player would take about 30% of the Russian cloud and enterprise IT market. In the first half, revenue of Yandex B2B Tech was 28.9 billion rubles (+32%), and of VK Tech 9 billion rubles (+35%). Yandex does not comment on rumors, and VK Tech declined to comment.
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