Nexign Restructures Executive Team; Alexey Volynkin Promoted to CCO

St Petersburg, Russia, May 21, 2019: Nexign (a part of ICS Holding LLC), a leading Business Support System (BSS) and Internet of Things (IoT) platform provider, today announced that it has restructured its executive team, promoting Alexey Volynkin to Chief Commercial Officer (CCO). In addition, Mikhail Matyushin becomes Chief Technology Officer (CTO) and Yulia Poslavskaya assumes the role of Chief Marketing Officer (CMO) following the departure of Loukas Tzitzis, Chief Products and Marketing Officer. Mr Volynkin, Mr Matyushin and Mrs Poslavskaya will report to the company’s CEO, Igor Gorkov.

These executive changes add extra focus and strength that will help the company as it continues its rapid expansion into international segments, and enable it to accelerate growth across all focused markets.

“I want to thank our former Chief Products and Marketing Officer, Loukas Tzitzis, for his dedication and energy. We all wish him the best in his new endeavours,” said Igor Gorkov. “He leaves Nexign with a deep bench of experienced leaders who will carry our product vision and marketing strategy forward. The changes we have made to the executive team will ensure that Nexign continues to successfully implement large BSS transformation projects for tier-one clients, and we can deliver the exceptional customer service for which we are renowned.”

Nexign has traditionally been recognised by customers for its value-based approach to product development and ability to execute projects by reducing time-to-market (TTM). The company’s end-to-end digital portfolio helps communications service providers (CSPs) to ensure that investments in BSS and network monetisation are future-proof, and enables them to capitalise on technologies such as 5G, IoT and blockchain.

“Nexign is on a solid growth trajectory and our vision and product strategy brought us to $200 million in revenue in 2018, a 63 percent year-on-year (YoY) increase,” added Alexey Volynkin. “As testament to the growth we are experiencing, Nexign has been recognised by prominent industry analysts as a value leader in optimising total cost of ownership (TCO), which is 25% lower than the market average, for CSPs transforming to become digital service providers (DSPs). I am confident that the entire Nexign team is committed to accelerating our growth even further and we are well on track to deliver on that.”

_{About Nexign}

_{Nexign, a part of the limited liability company Intellectual Computer Systems Holding (LLC ICS Holding) and a leading Business Support System (BSS) and Internet of Things (IoT) platform provider, has been delivering pragmatic, value-driven solutions focused on customers’ total cost of ownership since 1992. As communications service providers become digital service providers, Nexign accelerates their transformation through engineering excellence and agile products and services that facilitate revenue-stream diversification. Nexign takes pride in its partner-centric approach to working with customers. For more than 27 years, the company has delivered on its promise of unlocking value in the short term while ensuring customers’ investments are future-proof and support long-term growth.}

_{Headquartered in St Petersburg, Nexign employs 1,800 people in offices throughout Russia, the Commonwealth of Independent States, Southeast Asia, the Middle East and Africa. The company has delivered more than 120 projects across 16 countries. For more information, please visit our website and follow the latest news from Nexign on Twitter, Facebook and LinkedIn.}

_{About ICS Holding}

_{Intellectual Computer Systems Holding (ICS Holding LLC) is a Russian multidisciplinary IT group whose focus area includes investment, management and consolidation of the technology, media and telecom sector. ICS Holding brings together 23 IT companies, including the holdings Citadel, Forpost, KNS Group (YADRO), Kryptonit and JSC Peter-Service (Nexign).}

_{The total number of employees working in companies exceeds 6,500 people, and the geography of business covers all regions of Russia, as well as several countries near and far abroad.}

_{Among its priorities are the digital transformation of enterprise companies, information security, data storage systems, big data management and analytics, brings together 23 IT companies, predictive analytics, cryptography and quantum computing, machine learning and artificial neural networks, blockchain technology, Artificial Intelligence (AI) and Internet of Things (IoT).}

_{The mission of the Holding is to facilitate the development of a digital economy in Russia and to support domestic IT talent in various business sectors.}