Russians buy ITC Networks - Azi

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Romanian ITC Networks (ITCN), a developer of telecommunications software and systems, has been acquired by Russian Luxoft, the software development division of the IBS group, the largest IT solutions integrator in Russia, whose business stands at approximately 700 million euros.

ITCN was established by Doru Mardare in 2000, who will retain a minority interest of 10% in the company and the position as chief executive for at least three years, ITCN representatives say. They did not care to reveal...

Read the whole story in: Ziarul Financiar