Leta Group opened a new division for the development of Internet projects

Leta Group opened a new division for the development of Internet projectsLeta Group, a managing and investment company in information technology, has announced a new division of the company - LETA Internet Project. The purpose of this division is the development and maintenance of projects and companies related to Internet business.

Leta Group is a managing and investment company in advanced information technologies. Leta Group's investment strategy is based on the creation, acquisition and assets management in various segments of Russian IT market.

Currently, the following companies are under control of LETA Group: LETA, ESS Distribution, Group-IB, DAMASCUS, HamsterSoft, RedMarker, LETA GIV, MrSoft.

Internet business is not entirely new direction for Leta group of companies. Experiments related to the development of various web projects, especially projects to sell software and systems for online commerce were of company’s interest. But all these projects were just experimenting.

Gradually the projects became the companies and found their niches, developed unique technologies. As a result, the share of business related to the Internet was growing rapidly and became an essential value in company's revenue. Also, LETA GIV Venture Fund has been actively studying projects on the Internet to invest in. These changes have led to a need for a separate structure, which would rule fast growing and emerging businesses, and that would be the center of competence for the Internet business. LETA Internet Project has become that structure.