Nettlecom is a multinational company financed by a venture capital investment fund. Core operations of the company include development of mass market ERP solutions and software development. The launch of the first product is estimated in early 2007. The main reason for locating Nettlecom’s R&D center in Novosibirsk (Russia) is attractive IT labour market.

The second sphere of the company’s activity is the electronic media business. Nettlecom Media is to launch 15 hi-tech projects on various markets by the end of 2006.