The company's authorized capital is 181 million rubles

[tanjimajuha20]

Rostec is liquidating the RITE company, which was created to promote domestic software abroad. Under sanctions, its development has become inexpedient.

Rostec will liquidate its subsidiary, RusITExport, or RITE (Russian Information Technology Export), by the end of the year, according to data from the Unified State Register of Legal Entities.

About the creation of RITEannouncedin 2017. It was assumed that the company would promote Russian high-tech products in the IT sphere in foreign markets. Then RITE agreed with Group-IB (now divided into international and Russian parts, the latter changed its name to FACCT), Softline, New Cloud ghana whatsapp resource Technologies, BARS Group, NtechLab, VRTech and Etton to include their products in its catalog. As a representative of RITE stated, private investors invested $2.5 million in the asset. The main areas of activity were to be: the Electronic Government and Smart City projects, integrated security systems and business process automation systems. The greatest demand was expected from countries in Asia, Africa, Latin America and the Middle East.

. Rostec's structure, RT-Business Development LLC, owns 76% of the company, the rest is owned by private investors through Valkyrie LLC. RusITExport's revenue in 2022 amounted to 928 thousand rubles, net profit - 600 thousand rubles. The company's maximum revenue was recorded at the end of 2020 - 38.3 million rubles, but then it also had a loss of 20.3 million rubles.

As a Rostec representative told RBK, RITE has completed all the tasks set before it and its further development under sanctions has become impractical. "RusITExport" was created for a number of specific international projects. At the moment, the company has fulfilled its obligations and is not bound by any contracts," he said, without giving details. At the same time, a Rostec representative noted that the decision to liquidate "one of almost two thousand companies" of the state corporation will not affect its business opportunities. He also noted that "new channels are being built" to sell domestic products in Russia and abroad, and RITE employees have been distributed among other Rostec companies.

Russian authorities have been talking about the need for large-scale import substitution in IT for several years now, and these discussions have only intensified after the start of a special military operation in Ukraine and the departure of a number of foreign suppliers of IT equipment and software developers from the country. But, as experts have pointed out, the size of the Russian market is relatively small and, in order to recoup the costs of creating their own IT products, they need to be exported to other markets. Currently, IT export support is provided by the Russian Export Center (REC), which is responsible, in particular, for financial assistance in promotion, the Consortium for Foreign Economic Activity (FEA), and various associations and organizations. At the beginning of the year, the Ministry of Industry and Tradediscussedthe idea of ​​creating a consortium "Export of digital solutions".

But in 2022, export sales volumes fell by 12-17% to $8.4 billion.wrote"Kommersant" with reference to the association of Russian software developers "Russoft". The reason was Western sanctions and the forced partial or complete withdrawal of Russian IT companies from the USA and Europe.

Russoft President Valentin Makarov called the decision to liquidate RITE "entirely justified." "In the context of sanctions against Rostec, it is difficult to act abroad from the position of a subsidiary well known to all its enemies. We have to be flexible and use different channels," he noted.