IBS Group Member Integrated HR Management System for Mail.Ru Group

RAMSEY, Isle of Man, April 12, 2013 /PRNewswire/ --

Please refer to relevant legal information at the end of the document

IBS Group, a leading software development and IT services provider in Central and Eastern Europe, today announces that IBS IT Services, a member of IBS Group, has launched an HR Management System (HRMS) for Mail.Ru Group based on a solution by SAP.

The information system contains data on over 2,000 employees in the Mail.Ru Group's offices nationwide. The potential automation system was launched within tight deadlines and had to include a deployment tool for an employee self-service portal with broad functions (vacation and business trip applications, access to personal data stored by the company, etc.).

The preparatory stage of the project took a mere two months. Simultaneously, IBS IT Services was handling data migration and reworked its standard SAP-based solution to meet individual needs of Mail.Ru Group.

"Having studied the market, we realised that none of the vendors could offer us a standard HR management automation solution to match our needs exactly," comments Veronica Gedgafova, HR Director of Mail.Ru Group. "Therefore, we had to choose a partner whose standard system would be the best available match for our requirements and customisable to our business processes, with adequate IT and HR expertise, industry insight, and high standards of automation processes. IBS Group has proved to be our best choice, and its standard solution was reworked to meet our requirements in consultation with our own HR, finance and IT teams."

The implemented project ensures effective staff movement management and compliance with all the personnel record and payroll regulations, as well as financial (or management) accounting rules.

Sergey Matsotsky, Senior Vice President of IBS Group, commented on the project by saying: "We are proud to have proved the competitive advantages of our company by showcasing our competences and the benefits of using IBS solutions that we developed drawing on our expertise of large-scale HR management automation projects. Working with Mail.Ru Group was an exciting experience because our partner was dedicated to putting this complex project across and ready for the challenges posed by the tight deadlines we had to meet and the broad functionality of the system deployed. We consider it a fine example of how IT projects implementation within reasonable timeframes and with quantifiable results is made possible today through the joint efforts of a competent client and a qualified developer."

The system will subsequently be enhanced by providing the management realtime access through a dedicated portal to employee data, such as payroll costs per each business unit, training, holidays, business trip schedules, hiring plans, candidate profiles, etc.

About IBS Group Holding Limited

IBS Group is a leading software development and IT services provider in Central and Eastern Europe. Through its two principal subsidiaries, Luxoft and IBS IT Services, it offers a wide variety of information technology services, such as software development and IT services outsourcing, IT infrastructure and business applications implementation. IBS Group has business operations in Russia, Ukraine, Romania, Poland, Germany, Switzerland, the UK, the USA, Vietnam and Singapore. IBS Group employs more than 8,300 people worldwide. In the year ended March 31, 2012, the Group reported US GAAP consolidated revenues of USD816.3 million. IBS Group's Global Depositary Receipts are listed on the Regulated Market (General Standard) at the Frankfurt Stock Exchange (Bloomberg: IBSG:GR; Reuters: IBSGq.F)

About Mail.Ru Group

Mail.Ru Group (LSE:MAIL, listed since November 5, 2010) is a leading Internet company in the high-growth Russian-speaking Internet markets (Russia is Europe's largest Internet market measured by number of users, comScore). Mail.Ru Group's sites reach approximately 85% of Russian Internet users on a monthly basis (comScore, December 2012) and the Company is in the TOP-5  largest Internet business, based on the number of total pages viewed  (comScore, December 2012).

In line with the Communitainment (Communications + Entertainment) strategy the Company is moving rapidly to build an integrated communication and entertainment platform. The Company operates two of the three largest Russian language online social networking sites (Odnoklassniki and Moi Mir (or "My World")). The Company also operates the two largest Instant Messaging networks in Russia (Mail.Ru Agent and ICQ), Russia's leading email service and Russia's largest Internet portal Mail.ru, and the Company operates Russia's largest online games platform.

 The Company holds strategic minority equity stakes in VKontakte (39.99%) and Qiwi, formerly OE Investments (21.35%). The Company also holds small minority stakes in international Internet companies including Facebook, and a number of small venture capital investments in various Internet companies in Russia and Ukraine.

About SAP

As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device - SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 195,000 customers (includes customers from the acquisition of SuccessFactors) to operate profitably, adapt continuously, and grow sustainably. For more information, visit http://www.sap.com

Disclaimer

The information contained in this press release is not for publication, distribution or release, directly or indirectly, in any jurisdiction where such publication, disclosure or release would be unlawful. This press release does not constitute an offer for the sale of securities in the United States of America, Canada, Australia, Japan or any other jurisdiction in which an offer would be subject to legal restrictions.

For more information about IBS Group please visit http://www.ibsgr.com 

SOURCE IBS Group Holding Ltd



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