Moscow has 800,000 small businesses, and Comax intends to have 20,000 customers within two years.
Cloud computing company Comax Ltd. has invested $4 million in opening a subsidiary in Russia to sell the company's cloud computing solutions to business customers. Comax CEO Moti Frenkel said that the company sees great potential for its systems in Russia. Comax markets its products as a system as a service (SaaS) according to customer demand over the Internet.
Comax will initially operate in Moscow, and will have ten employees there. Moscow has 800,000 small businesses, and Comax intends to have 20,000 customers within two years.
Published by Globes [online], Israel business news - www.globes-online.com - on August 8, 2010
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