IBS Group Completes the First Stage of Implementing an Automated Human
Resource Management System at Gazprom
RAMSEY, Isle of Man, January 21, 2013
RAMSEY, Isle of Man, January 21, 2013 /PRNewswire/ --
Please refer to relevant legal information at the end of the document
IBS Group, a leading software development and ITservices provider in Central
and Eastern Europe, announces that IBS IT Services, a member of IBS Group, has
successfully completed the first stage of implementing an automated human
resource management system at Gazprom: the system's module "Accounting and
Payroll" has been commissioned.
The project was launched in 2009, after IBS IT Services had been chosen as the
General Contractor for HR management automation at Gazprom. The final product
of the project, which is scheduled for completion in April 2013, should be one
of the industry's largest HR databases (covering over 100,000employees).
Before the project began, Gazprom Group had no single HR database, which
prevented staff benchmarking across the Group. As a result, corporate
analysis, planning and controlling personnel costs, or projecting the need for
employees with certain qualifications had to be done with high margins of
error and much effort.
To address these issues, the IBS team focused on faster information
processing, reduced effort for Gazprom's HR management and reporting
processes, and implementation of an effective competence-based management
system to provide transparency and enhance the effectiveness of HR management,
and delivering an integration solution to be aligned with reporting systems
across Gazprom's subsidiaries.
Currently, the new HR system services over 400users in the Gazprom
Administration and more than 700users in its subsidiaries. When completed,
the system will be used by all the employees of the Administration
(2,000users) and 4,095employees working at HR departments of Gazprom's
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)
Gazprom isaglobal energy company. Its major business lines are geological
exploration, production, transportation, storage, processing and sales ofgas,
gas condensateand oil, aswell asgeneration and marketing ofheat and
Gazprom holds the world's largest natural gas reserves. The Company's share
inthe global and Russian gas reserves makes up18and 70per cent
respectively. Gazprom accounts for 15and 78per cent ofthe global and
Russian gas output accordingly. Atpresent, the Company actively implements
large-scale projects aimed atexploiting gas resources ofthe Yamal Peninsula,
Arctic Shelf, Eastern Siberia and the Far East, aswell as hydrocarbons
exploration and production projects abroad.
The Company owns the world's largest gas transmission network-the Unified
Gas Supply System ofRussia with the total length ofover 161 thousand
kilometers. Gazprom sells more than half ofoverall produced gas toRussian
consumers and exports gas tomore than 30countries within and beyond the
former Soviet Union.
Gazprom isthe only producer and exporter ofliquefied natural gas inRussia.
The Company's share inthe global LNG output stands at5per cent.
The Company isamong Russia's five largest oil producers and itisthe largest
owner ofpower generating assets inthe country. These assets account for
17per cent ofthe total installed capacity ofthe national energy system.
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
Contact: Investor Relations: Andrei Novikov, IR Director, tel: +7(495)967-8000
(ext.3095), firstname.lastname@example.org; Media Relations: Ekaterina Beskhizhko, PR
Manager, tel: +7(495)967-8080 (ext.2363), email@example.com
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