Interfax

Interfax
Интерфакс
Private limited company
Industry News media
Founded September 1989 (1989-09)
Headquarters Russia
1st Tverskaya-Yamskaya str. 2, Moscow
Area served
 Worldwide
Key people
 Mikhail Komissar
(chairman and CEO)
Products Wire service
Owner Senior management
Number of employees
 Over 1,000
Website interfax.com

Interfax Ltd. (Russian: Интерфакс) is a privately-held independent major news agency in Russia (along with state-operated TASS and RIA Novosti) and information services company headquartered in Moscow.[1]

Interfax provides general and political news, business credit information, industry analysis, market data and business solutions for risk, compliance and credit management. The company employs over 1,000 staff in over 70 bureaus worldwide and publishes over 3,000 stories each day.[2]

Interfax controls around 50% of the Russian corporate data market.[3] Subscription-based business and financial intelligence contribute to the bulk of the revenues generated by Interfax with IT-analytical business solutions accounting for approximately 75% of revenue.[4]

'Interfax Group' comprises more than 30 news producing and marketing companies in Russia, Ukraine, Kazakhstan, Belarus, Azerbaijan, the United Kingdom, the United States, Germany and China.[5]

History

Interfax was formed in September 1989, during Mikhail Gorbachev’s perestroika and glasnost period, by Mikhail Komissar and his colleagues from international broadcasting station 'Radio Moscow', a part of Soviet Gosteleradio system. Interfax originally used fax machines for text transmission, hence the company name.[6]

By 1990, Interfax had 100 subscribers and the agency quickly began to attract the attention of conservatives within the government, who attempted to shut down the agency. This saw the agency gain prominence in major western media, a position strengthened by its coverage of the 1991 August Putsch and the collapse of the Soviet Union.[7]

Interfax Press Center in Moscow (2016)

Interfax continued to expand in the 1990s, adding subsidiary agencies for financial, metallurgical, oil and gas markets, information products on agriculture, business law, transport, telecommunications,[6] and the market data terminal 'EFiR information system' for stock market players to its general news coverage.[8] Interfax also opened subsidiaries across the post-Soviet states, first in Ukraine (1992), Belorussia (1993) and Kazakhstan (1996), and later in Azerbaijan (2002),[9] during this time bringing the number of local offices across the regions of Russian Federation to 50.[10]

To promote its information products abroad, Interfax opened its first company outside the former USSR in 1991, when 'Interfax America' was opened in Denver, CO. This was followed by the opening of London-based 'Interfax Europe Ltd.' (1992), 'Interfax Germany GmbH', based in Frankfurt (1993), and the 'Interfax News Service Ltd.' in Hong Kong (1998).[9]

In 2004, Interfax created the 'SPARK system' designed to check business agents in Russia, Ukraine and Kazakhstan,[11] Interfax also launched media monitoring services through its 'SCAN system'.[12] In 2011, the company added London-based project, 'Interfax Global Energy', which reports on the energy markets worldwide.[13]

Partnerships

In 1999, Interfax launched a rating agency in partnership with 'Moody's Investors Service' to provide rating services on the Russian market.[9] SPARK system became the basis for a joint venture with a provider of business credit information and credit reports 'Dun & Bradstreet'.[14]

Since 2001 Interfax has collaborated with 'Business Wire', a global leader in the distribution of corporate regulatory disclosures and press releases.[9] Interfax now also offers consumer credit reports via a joint venture with 'Experian' and 'Sberbank of Russia'.[12]

Management

'Interfax Group' senior management includes Mikhail Komissar as Chairman of the Board and CEO, Vladimir Gerasimov, Executive Director and General Director of Financial and Business Information Service, Georgy Gulia, Executive Director of General Information Service.[15]

References

  1. ↑ Воронов А. (2005-12-17). "Интеллектуальная собственность". — Kommersant. Archived from the original on 2012-05-31. Retrieved 2011-01-29. (in Russian)
  2. ↑ "About Interfax". — Interfax Group official site. Retrieved 2016-07-20.
  3. ↑ Информационно-справочные системы. - RBC.Marketing. (in Russian)
  4. ↑ Комиссар М. Успеть первыми. - Корпоративный бюллетень «Ваш Интерфакс», #16/2014. (in Russian)
  5. ↑ Гавшина О., Товкайло М. Из списка подлежащих раскрытию бенефициаров сделали исключения. — Vedomosti, January 19, 2012. (in Russian)
  6. 1 2 Михаил Комиссар: задача «Интерфакса» — быть номером один. — TV-channel 'Russia-24', 9 September 2009. (in Russian)
  7. ↑ Корпоративный бюллетень «Ваш Интерфакс». — #10/2009. (in Russian)
  8. ↑ About. — Official site of EFiR system. (in Russian)
  9. 1 2 3 4 Our history. — Official site of Interfax Group. (in Russian)
  10. ↑ Михаил Комиссар: «Надеюсь, в России установится баланс между либеральным и государственным». — Politcom.ru, 1 September 2006. (in Russian)
  11. ↑ Информация по юридическим лицам РФ, Украины и Казахстана. — Official site of Interfax Group. (in Russian)
  12. 1 2 About. — Official site of United Credit Bureau.
  13. ↑ Interfax Global Energy. — Official site of Interfax Global Energy.
  14. ↑ Информация по компаниям всего мира. — Official site of Interfax Group. (in Russian)
  15. ↑ Management. — Official site of Interfax Group. (in Russian)

Literature

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