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IFC Investment in De Novo to Help Develop Ukraine’s Information Technology Infrastructure

Kyiv, Ukraine, November 17, 2010 —IFC, a member of the World Bank Group, is investing $3.5 million in equity in Ukraine’s De Novo to help create a data center that will use energy-efficient technologies to improve data security and the local information technology infrastructure. This is IFC’s first investment in Ukraine’s IT sector.
Data centers are an important part of the IT infrastructure needed to grow and attract companies with high-skilled workforces. IFC’s investment will help De Novo expand its line of business to include the first enterprise-class data center in the country that will serve key clients such as financial institutions and large corporations.
“By establishing this data center, we will become the first specialized IT services company in Ukraine to provide business continuity services to our clients. Data center outsourcing will allow them to improve data security, reduce costs, and invest more in their core businesses,” said Maxim Ageyev, De Novo CEO.
Elena Voloshina, IFC Country Representative in Ukraine, said, “We see strong growth opportunities in Ukraine’s IT services market. De Novo’s services are needed by local companies to manage their IT needs properly, and we see great potential for our company in supporting the financial sector by providing important data storage services.”
De Novo’s data center will be designed using a special computing concept that will enable it to operate energy-efficient computers, network servers and peripherals, as well as free air cooling technologies. The center will use a special power management system program to optimize power usage and potentially save up to 30 percent in energy consumption.
The total project cost to establish the data center in an industrial area in Kiev is estimated at up to $25 million. Other investors include KM Core, a Ukrainian technology investment company and a major shareholder of De Novo.
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries. We create opportunity for people to escape poverty and improve their lives. We do so by providing financing to help businesses employ more people and supply essential services, by mobilizing capital from others, and by delivering advisory services to ensure sustainable development. In a time of global economic uncertainty, our new investments climbed to a record $18 billion in fiscal 2010. For more information, visit .
For more information about IFC’s partners, visit:
KM Core, .