Founded in 1992, IBS is one of the leading providers of IT services and products in Russia. IBS’ main activities include IT services, offshore programming, hardware manufacturing and direct sales, and hardware distribution. IBS’ clients include many leading international and Russian companies.
According to David Yeung, president and CEO, AIG Capital Partners, the divestment of the IBS stake was in line with company policy. Yeung said that despite the decision to sell, AIG was pleased with the performance of IBS. He concluded: We wish IBS continued success.
