ONEXIM AND THE SPUTNIK GROUP TO BECOME WITOLOGY’S PARTNERS IN DEVELOPING THE NEW GENERATION SOCIAL PLATFORM
Witology, ONEXIM Group and the Sputnik Group have reached an agreement on joint investment efforts to develop social networking business platforms of the new generation.
Witology is a company developing a crowdsourcing platform of a new type. The Witology platform allows to expose key issues in challenging projects, which could be addressed through searching for and attracting the most active, competent and efficient experts representing any industry and located anywhere in the world, using internet technologies.
Witology has grown rapidly over the past two years, during which time the company conducted technical and methodological studies, successfully implemented a pilot project and launched a Beta version of the platform.
At the first stage of investment (Serie A Funding), ONEXIM and the Sputnik Group will invest $5 mln USD into Witology’s equity. This step will allow the project team to facilitate in-depth R’n’D studies, complete the Beta testing, launch the final (RTM) version of the platform and commence client service.
As a result of the deal, the share of Sergey Karelov and Alexander Oslon, the founders and ideologists behind the Witology project, will total 50,06%, with ONEXIM accounting for 41%, and 8,94% going to the Sputnik Group.
“The technologies developed by Witology can revolutionize Social Networking and Enterprize 2.0.” – maintain Sergey Karelov and Alexander Oslon – “Developing technologies to create collective intelligence based on crowdsourcing is one of the lead pathways of today’s internet business. Their practical application is being replicated across business segments, while searching for solutions will soon imply a priori the need to involve competent people from the outside world. The same will apply to facilitating social networking processes. We are glad our investors recognize the break-through potential of the project. What we were looking for was not just an investor, it was more of a strategic partnership, which was exactly what ONEXIM and the Sputnik Group offered.”
“We believe that Russia has a unique intellectual and creative potential to offer, which requires using a set of totally new technologies. We expect the project to ensure a quality break-through in development of both traditional and innovative sectors of the Russian economy in the near future. We are confident that the project price will grow exponentially in the next few years” – observed Dmitry Razumov, CEO of ONEXIM Group.
The Sputnik Groups has always been interested and proactive in investment into innovative projects, according to Boris Jordan, the company’s President. “Witology surely falls right under this category; plus this project, in a way, predetermines the future global trend of specialized social networks operating to solve business issues.” – says Boris Jordan. – “Riding the crest of the trend wave is not just interesting – it’s quite possibly lucrative. The uniqueness of Witology’s know-how lies in the fact that it merges the latest achievements in social networking with break-through approaches to creating collective intelligence and the promising technologies used in social networks to involve bright and competent people to resolve the most challenging issues in business, education, culture, law, foreign relations and other areas specific not only to business, but also to institutions of the state and civil society. I am definitely interested in that.”
Witology operates in the area of collective intelligence, working on development of the social networking platform of a new type allowing to reveal and resolve key issues in challenging projects. The Company was founded by Sergey Karelov and Alexander Oslon.
Sergey Karelov is a renowned expert and IT-consultant with over 30 years of experience, including work at top management positions for Interquadro, IBM, and Silicon Graphics. Chairman of the Board at LINEX (League of Independent Experts).
Alexander Oslon Îñëîí is an expert in data analysis, Doctor of technical sciences, one of the founders and President of the Public Opinion Fund (since 1992).
ONEXIM Group is one of Russia’s major private investment funds with a diversified investment portfolio in mining and metallurgy, mechanical engineering, finance, real estate, media, energy and nanotechnologies.
The Sputnik Group is a company dealing with direct investments and M&A consulting in Russia and abroad. The financial sector, internet and biotechnologies are among the key focus areas of the company’s investment portfolio. The major investments include Renaissance Insurance, NGPF “Renaissance Life and Pensions” and “Sputnik – Capital Management” holding company.