Reksoft

Reksoft was established in Saint Petersburg in 1991 by Alexander Egorov and two fellow graduates or associates from Saint Petersburg State University of Aerospace Instrumentation. The company secured its first international contract in 1992 with Ascom Infrasys, a Swiss telecommunications concern. Its work for Ascom included software for telecommunications solutions and PBX operations, establishing an early pattern of serving overseas enterprise and technology customers. From 1995 through 1998, Reksoft developed proprietary software and Internet-related businesses in addition to undertaking client projects. Its initiatives included Barsum, a call-accounting and billing system; Assist, an online payment gateway; Ozon, an Internet retailer; and Edelweiss/Medallion, a property-management system. Several of these businesses were later spun off or sold. Barsum was separated in 2005, Assist was sold to mCommerce in 2003, Ozon was acquired by an investment fund in 2000, and Edelweiss/Medallion was sold to Softbrands in 2003. The company formalized its operating processes during the 2000s. Its business processes were assessed against ISO 9001:2000 in 2000. In 2001, Reksoft opened an internal training center offering undergraduate instruction in software development, software testing, and project management. It expanded its international and delivery footprint in 2003 by opening a Stockholm sales office and a Moscow development center. A Munich sales office followed in 2007, broadening the company's European commercial coverage. MartinsonTrigon, a Nordic venture-capital firm, invested in Reksoft in 2005 to support growth. Reksoft reached CMMI Level 4 assessment in 2006. In 2008, Technoserv acquired a 74 percent stake in the business. The same period brought a new development center in Voronezh and connected Reksoft to Technoserv's larger Russian systems-integration platform. In 2009, Reksoft passed an ISO 9001:2008 certification audit and was assessed at CMMI Level 5. Industry recognition followed. Reksoft was named a Rising Star by the International Association of Outsourcing Professionals in 2009, appeared in the Global Services 100 in 2010, 2011, and 2012, and received further Rising Star recognition in the association's 2013 ranking. In 2010 it also joined the Climate Savers Computing Initiative. Clutch later included the company among the top 100 Western European developers in 2020. By April 2021, Reksoft reported having served more than 1,000 companies worldwide. Its cited client list covered telecommunications, information technology, industrial manufacturing, media, consumer products, finance, retail, and transportation-related businesses. The reference material confirms a base in Saint Petersburg, regional offices in Stockholm and Munich, and Russian development centers in Moscow and Voronezh. It does not provide sufficiently current information about the company's present ownership, leadership, website, or operating status.

• 2021

  Reported client base exceeds 1,000 companies

  [1]Reksoften.wikipedia.org

  As of April 2021, Reksoft reported serving more than 1,000 companies worldwide.

• 2010

  Global Services 100 listing and climate initiative membership

  [1]Reksoften.wikipedia.org

  Reksoft is included in the Global Services 100 and joins the Climate Savers Computing Initiative.

• 2009

  ISO and CMMI quality milestones

  [1]Reksoften.wikipedia.org

  Reksoft passes an ISO 9001:2008 certification audit and reaches CMMI Level 5 assessment.

• 2008

  Technoserv becomes controlling shareholder

  [1]Reksoften.wikipedia.org

  Technoserv acquires 74 percent of Reksoft, and the company opens a development center in Voronezh.

• 2007

  Munich office opens

  [1]Reksoften.wikipedia.org

  Reksoft opens a regional sales office in Munich, Germany.

• 2006

  CMMI Level 4 assessment

  [1]Reksoften.wikipedia.org

  Reksoft is assessed as complying with CMMI Level 4.

• 2005

  MartinsonTrigon investment

  [1]Reksoften.wikipedia.org

  Nordic venture investor MartinsonTrigon invests in Reksoft to support its growth plans.

• 2003

  European sales and Moscow delivery expansion

  [1]Reksoften.wikipedia.org

  The company opens a Stockholm sales office and a Moscow development center.

• 2001

  Internal training center opens

  [1]Reksoften.wikipedia.org

  Reksoft establishes a training center focused on software development, testing, and project management.

• 2000

  ISO 9001:2000 process assessment

  [1]Reksoften.wikipedia.org

  The company's business processes are assessed against ISO 9001:2000.

• 1992

  First international contract

  [1]Reksoften.wikipedia.org

  Reksoft wins a software-development contract from Swiss telecommunications company Ascom Infrasys.

• 1991

  Reksoft is founded

  [1]Reksoften.wikipedia.org

  Alexander Egorov and two colleagues from Saint Petersburg State University of Aerospace Instrumentation co-found Reksoft in Saint Petersburg.

An international offshore software engineering and systems integration provider emphasizing process maturity, certified quality practices, Russian engineering talent, and dedicated delivery capacity for enterprise and technology clients.

• Call accounting and billing software

  Barsum

  Barsum was a Reksoft-developed software product for call accounting and billing. It formed part of the company's proprietary-product activity in the mid-to-late 1990s and was spun off in 2005 as Reksoft increasingly focused on engineering and integration services.

• Internet payment gateway

  Assist

  Assist was an Internet payment gateway developed during Reksoft's product and online-business phase. The business was sold to mCommerce in 2003, making it an example of Reksoft's earlier participation in Russia's emerging electronic-commerce infrastructure.

• Internet retail

  Ozon

  Ozon was an Internet store developed with Reksoft's involvement during the company's 1990s Internet-solutions period. It was later acquired by Baring Vostok Capital Partners' investment fund in 2000 and became separate from Reksoft's core software-services identity.

• Property-management software

  Edelweiss/Medallion

  Edelweiss/Medallion was a property-management software solution created during Reksoft's proprietary-product phase. The product was sold to Softbrands in 2003, after which it was no longer part of Reksoft's principal portfolio.

• Software development services

  Custom software engineering

  Custom software engineering is Reksoft's core service category. The company develops software for enterprise and technology clients, with experience cited in telecommunications, industrial systems, media, finance, retail, and other sectors.

• Outsourced engineering services

  Dedicated development centers

  Reksoft provides dedicated development-center capabilities in which client engineering work is delivered through structured offshore or nearshore teams. Its documented Russian delivery network included centers in Moscow and Voronezh, supported by international sales offices.

• 2009

  Formalizing high-maturity delivery processesStrategy

  Background

  Reksoft sought to strengthen its credibility as an enterprise outsourcing and software-engineering provider.

  Action taken

  The company passed an ISO 9001:2008 certification audit and was assessed as compliant with CMMI Level 5.

  Aftermath

  The quality credentials supported Reksoft's positioning in international outsourcing rankings and enterprise contracting.

  Source

• 2008

  Joining the Technoserv groupM&A

  Background

  Reksoft had expanded its international sales and Russian delivery operations and was seeking a broader platform for continued growth.

  Action taken

  Technoserv acquired a 74 percent stake in Reksoft, making it the controlling shareholder, while Reksoft also opened a development center in Voronezh.

  Aftermath

  The transaction connected Reksoft's software-engineering business with one of Russia's larger systems integrators and preceded further industry recognition.

  Source

1. 1Reksoften.wikipedia.org
2. 2The 2009 Global Outsourcing 100 Sub-listsiaop.org