Russian largest business software and video game developer 1C plans to undertake an IPO by 2014.
In October last year 1C received $200 million in return for a 9% stake from the Baring Vostok Capital Fund, which holds a major stake in the Russian search engine Yandex. 1C was founded in 1991 by Boris Nuraliev in Moscow, and is best known outside of Russia for developing the famous IL-2 Sturmovik line of flight simulators that includes Forgotten Battles and Pacific Fighters. In the domestic Russian market, 1C is best known for its business software, including its software suite 1C: Enterprise, and for its educational software suite 1C: Tutor.
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