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Development institute of the Russian Federation

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LEADER Management Company ("UK Leader") invests in LASIF

19.02.2016

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LEADER Management Company, which manages the assets of closed-end investment fund of venture investments (CEIF) of Leader innovations established with the participation of the RVC capital, invested 32 million rubles in LASIF. LASIF is a developer of the new generation video codec with characteristics able to surpass the technologies of today in video coding.

Video codec is a software intended to compress and recover the compressed video, and is based on a unique patented algorithm. Currently, there is only one dominating company globally which performs licensing and provides an opportunity to use a patent pool of video codecs. Thus, all producers of electronics and the companies broadcasting and receiving video are forced to pay license fees from each product made.

Newly formed company LASIF will be engaged in improvement of video codecs in cooperation with ZAO "Elecard Devices", one of 5 companies in the world with the best expertise and experts in this area. After successful completion of the launched works by the LEADER portfolio сompany, Russia will get a chance to become the owner of its algorithms in video coding, and thereby to destroy monopoly of the American developer which for a long time has been remaining in the market. The total amount of the video codecs market is USD 10 billion per year.



Information

About the LEADER Management Company

CJSC (ZAO) "Leader" was founded in 1993. The LEADER Management Company is the largest Russian management company by the amount of operated assets and one of the most reliable companies boasting vast experience of steady and stable work. As of September 30, 2015, assets in the value of more than RUB 391.4 bn are managed by CJSC "Leader". Shareholders of the company are State Corporation "Bank of Development and Foreign Economic Affairs (Vnesheconombank)", PJSC (PAO) Gazprom, NPF Gazfond, and JSC Gazprombank. Reliability of CJSC "Leader" was verified by the leading rating agencies: "Expert RA" —A++ rating "Exclusively high (highest) level of reliability and quality of services", National rating agency, rating — AAA, "Maximum Reliability".

About Elecard Group Companies

Elecard Company was founded in 1988. Since 1995, this company has been developing software for encoding, decoding, processing, transmission and receiving of video and audio data in different formats (MPEG-2, MPEG-4, H.264/AVC, HEVC, MJPEG 2000, etc.). Elecard was one of the first to develop the video codecs for H.264/AVC and HEVC compression standards, and its MPEG-2 decoder is for a good reason considered to be one of the world’s best. The scope of technologies developed by Elecard is wide and diverse. It covers solutions for space-based surveillance systems, systems of land, cable and satellite broadcasting, security systems, video for mobile phones, home multimedia centres. Currently, Elecard is a group of several private IT companies: Elecard Devices, Elecard nanoDevices, Elecard-STB, Elecard-Med, Solveig Multimedia, and Triaxes Vision.

About RVC

RVC OJSC is a government fund of funds and a development institution of the Russian Federation, one of Russia’s key tools in building its own national innovation system. Authorized capital of RVC is more than 30 billion rubles. 100% of the RVC's capital is owned by the Russian Federation represented by the Federal Agency for State Property Management of the Russian Federation (Rosimushchestvo). The total of the funds formed by RVC OJSC has reached 22 with their total size of RUB 31.9 bn. The share of RVC OJSC is RUB 19.1 bn. The number of innovative companies invested by RVC funds reached 179. The total amount of funds invested is RUB 16.4 bn. Since 2015, RVC has been defined as a project office for implementation of the National Technology Initiative (NTI) — a program of measures aimed at development of absolutely new markets and creation of conditions for Russia’s global technology leadership by 2035.

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