the rossiya bank ( bank rossiya , in russian : акционерный коммерческий банк россия , акб россия ) is a russian joint stock bank founded on june 27 , 1990 .

the company 's headquarters are in saint petersburg .

rossiya bank

rossiya bank <EOT> gep was the 43rd largest bank by equity compared to rossiya’s rankings of 51st .

gazprom officials said they considered the swap ratio fair and explained that auditors estimated bank rossiya share split by calculating assets of the larger rossiya group and not just the bank .

bank rossiya until recently had links to gazprombank , as the asset management company that managed gazfond was partly owned by an insurance company , sogaz , owned by bank rossiya .

ofac has identified and added cjsc abr management to the sdn list for acting for or on behalf of bank rossiya ( previously placed on the sdn list in march 2014 ) . bank rossiya managers founded abr management to strategically manage the banking group’s assets . as the trustee under a trust agreement with certain bank rossiya shareholders , abr management has the power to exercise voting rights for a majority of bank rossiya shares , including rights to propose candidates for bank rossiya management positions .

further , additional “also known as” names have been added to the description for bank rossiya : a . k . a . ab rossiya , oao ; f . k . a . aktsionerny bank russian federation ; and a . k . a . otkrytoe aaktsionernoe obshchestvo aaktsionerny bank rossiya .

is the personal bank for senior officials of the russian federation . bank rossiya’s shareholders include members of putin’s inner circle associated with the ozero

and not only that , bank rossiya itself has profited massively at the expense of russian taxpayers .

not content merely to manage media assets , bank rossiya began buying up media companies of its own .

sandalwood was not alone in winning big . bank rossiya would do an even bigger deal – one that transformed it into a major russian bank .

, a housing community in which they live . bank rossiya is also controlled by kovalchuk , designated today .

a woman walks past the head office of bank rossiya in st . petersburg credit : reuters / alexander demianchuk

he also owns 3 . 2 % of bank rossiya . the st petersburg private bank has been described as putin’s “crony bank” . the us imposed sanctions on it after russia’s 2014 invasion of ukraine .

meanwhile , bank rossiya benefited from the merger . by the end of 2010 , bank rossiya’s assets had more than doubled to us $ 8 billion and its equity had increased to us $ 660 million , while the deposits by corporate clients doubled as well . bank rossiya had become an important financial player in the russian gas industry .

arkady rotenberg , boris rotenberg , yuri kovalchuk and bank rossiya . in addition to being designated for providing material support to russian government officials , bank rossiya is also being designated for being controlled by designated inner circle member kovalchuk .

sandalwood , meanwhile , made a fortune on bank rossiya’s shares by simply buying and reselling them in two days . shareholders of bank rossiya , connected to putin since the 1990s , were also lucky by acquiring the valuable assets of a former gazprom bank without paying any cash .

in march of 2010 , the board of directors of gep approved a merger with bank rossiya . the deal allowed bank rossiya to take over gep in exchange for newly issued shares of bank rossiya . no cash was included in the deal . but the deal turned out to be a very poor deal for taxpayers because the shares of bank rossiya , which are not openly traded , tended to change value in such a way that benefitted the private bank and its shareholders at the expense of the state .

cjsc abr management ( “abr management” ) is designated for acting for or on behalf of , directly or indirectly , and materially assisting , sponsoring , or providing , financial , material , or technological support for , or goods or services to or in support of , bank rossiya . bank rossiya managers founded abr management to strategically manage the banking group’s assets . as the trustee under a trust agreement with certain bank rossiya shareholders , abr management has the power to exercise voting rights for a majority of bank rossiya shares , including rights to propose candidates for bank rossiya management positions .

the st petersburg communist party founded rossiya bank in 1990 . when the communist party was outlawed a year later , rossiya bank — with about $ 70 million of communist party funds — was taken over by associates of putin . in the early 1990’s , the tambov organized crime group controlled as much as 20 % of rossiya bank shares . bank rossiya , in turn , held shares in ptk , the gas distributor run by the tambov gang , which had an exclusive contract to supply the city . directors of kinex — the st petersburg refinery which supplied the oil in the oil - for - food barter — owned 7 % of rossiya bank shares . friends and associates of putin continue to own significant stakes in rossiya bank . sergei roldugin , a celebrated cellist and boyhood friend of putin , currently is a major shareholder . the panama papers recently implicated roldugin in money laundering . rossiya bank is referred to colloquially as putin’s bank . the us specifically sanctioned rossiya bank in 2014 in response to the russian invasion of crimea . in response to sanctions , rossiya bank received a huge influx of government business .

by plugging into the domestic electricity market , bank rossiya is putting itself beyond the reach of u . s . sanctions . u . s . officials said in march that bank rossiya would be " frozen out of the dollar . "

“putin said , ‘bank rossiya , that’s it , ’ ” mr . milov later told the russian edition of forbes .

yuri kovalchuk is bank rossiya ' s billionaire chairman as well as its largest shareholder . photograph : alexander zemlianichenko / ap

these assets are only part of a series of linked financial schemes revealed in the documents that revolve round bank rossiya .

a woman passes by the headquarters of russia ' s rossiya bank in st . petersburg , april 4 , 2016 .

the target the office in st . petersburg , russia , of bank rossiya , a primary focus of united states sanctions .

a year later , a bank rossiya subsidiary bought a controlling stake in ren tv , today the country’s eighth - largest broadcaster .

yury kovalchuk and putin turned their attention to bank rossiya in 1991 , when its largest shareholder was still the leningrad communist party .

roldugin’s friendship with putin likely landed him in the exclusive club of bank rossiya shareholders . in 2010 , a russian news service disclosed roldugin owned more than 3 percent of the bank .

market council , the organization that regulates the electricity market , confirmed the appointment of bank rossiya on monday . the bank was given the right to service payments because it proposed the most advantageous conditions for its payment services , a representative of the regulator said , adding that alfa bank will continue to service payments while bank rossiya builds up the technological wherewithal to take over .

on the eve of the merger , in june 2010 , gep was a larger bank both in terms of assets and equity than bank rossiya according to the interfax rating of russian banks .

president vladimir v . putin has moved to prop up bank rossiya , owned by close friends , in the face of western sanctions .

the mossack fonseca files show that the communal principles that defined ozero continued with bank rossiya and its participants more than a decade later .

dmitry lebedev , 43 , has more than 20 years of banking experience in russia . mr . lebedev has served as chairman of the management board of bank rossiya , a large russian national corporate bank , since 2006 , and joined bank rossiya in 2004 as advisor to the chairman of the board of directors . bank rossiya has an indirect interest in telcrest investments limited ( telcrest ) , which holds a 25 . 2 % stake in ctc media . mr . lebedev also serves on the board of directors of several affiliates of bank rossiya , including sogaz , the second largest insurance company in russia .

newly listed was cjsc abr management , an asset management firm closely linked to already - sanctioned rossiya bank , often called the personal bank of president vladimir putin and members of his closest circle .

one of bank rossiya’s holdings owns 25 percent stake in channel 1 , a state - controlled tv network with the largest audience in russia .

lawyers for kovalchuk said information about bank rossiya was publicly available . “we do not understand why you address these questions to mr kovalchuk . ”

kovalchuk is part of a dacha cooperative with other members of this upmarket lakeside community , with several other members also major shareholders in bank rossiya .

the panama papers detail how a few suspicious deals involving bank rossiya’s shares helped a company linked to roldugin make a fortune in just two days .

bank rossiya considers the report an attack by both russian and foreign media and does not accept its authenticity , the vedomosti business newspaper reported tuesday .

mr . timchenko , the oil trader , entered the bank rossiya circle as an investor ; according to the bank , his stake is owned by a company he controls . mr . warnig , the german banker , would later join bank rossiya’s board . ( when mr . putin’s wife was badly injured in a car accident , mr . warnig’s bank arranged to pay for her medical care in germany . )

according to us treasury officials bank rossiya " is the personal bank for senior officials in the russian federation " and kovalchuk " is also the personal banker for senior officials . . . including putin " .

bank rossiya ( f . k . a . aktsionerny bank russian federation ) , 2 liter a pl . rastrelli , saint petersburg 191124 , russia ; swift / bic rosy ru 2p ; website www . urltoken ; email address bank @ urltoken [ ukraine2 ] .

otkritie bank is a universal bank with diversified business structure and recognized by the cbr as a systemically important financial institution .

correction : an earlier version of this article incorrectly said that visa and mastercard resumed payment services for bank rossiya after blocking the bank on march 21 . in fact , visa and mastercard did not resume services .

although gep’s contribution to the combined bank was more than half the equity and assets according to their financial statements , gep shareholders only got a bit more than 16 percent in the newly joined bank , according to bank rossiya’s 2010 international financial reporting standards ( ifrs ) report .

the reconstituted bank rossiya quickly became a favored city institution . at the mayor’s instruction , according to news reports , the city opened several large accounts there , fattening the bank’s coffers and setting it on its way .

novaya gazeta sought comment on this series of transactions from kovalchuk , bank rossiya’s largest shareholder , and alexei miller , the head of gazprom . neither responded .

after medvedev replaced putin as president , lesin left the government and joined the nation’s biggest private media group , gazprom - media , which bank rossiya managed .

as for bank rossiya , he went on : “as far as i recall , this is a medium - sized bank . personally , i did not have an account there , but i will definitely open one on monday . ” he later directed the presidential administration to begin depositing his official salary — roughly $ 7 , 500 a month — into a bank rossiya account .

bank rossiya ( f . k . a . aktsionerny bank russian federation ) , 2 liter a pl . rastrelli , saint petersburg 191124 , russia ; swift / bic rosy ru 2p ; website www . urltoken ; email address bank @ urltoken [ ukraine - eo13661 ] . - to - bank rossiya ( a . k . a . ab rossiya , oao ; f . k . a . aktsionerny bank russian federation ; a . k . a . otkrytoe aktsionernoe obshchestvo aktsionerny bank rossiya ) , 2 liter a pl . rastrelli , saint petersburg 191124 , russia ; swift / bic rosy ru 2p ; website www . urltoken ; email address bank @ urltoken ; registration id 1027800000084 ( russia ) ; tax id no . 7831000122 ( russia ) ; government gazette number 09804148 ( russia ) [ ukraine - eo13661 ] .

bank rossiya has confirmed the frozen accounts to rt . it has become hardest hit russian organization after it fell under us sanctions after crimea became part of russia . the frozen accounts of bank rossiya in the united states include $ 572 million which is about 10 percent of its 2013 assets , at today’s exchange rate .

in 2010 , about one month after sandalwood sold the shares to horwich , bank rossiya took over gazenergoprombank ( gep ) , owned by gazprom , a state company , through its subsidiaries . shareholders of bank rossiya ended up paying nothing for a bank which filled their coffers with billions of dollars and more than doubled their assets from us $ 3 billion to more than us $ 8 billion .

mikhail lesin was intimately involved in the efforts of putin and bank rossiya to control russian media . as putin’s first media minister , he oversaw the regime’s propaganda push . lesin’s government tenure paralleled the growth of the bank’s media empire .

bank rossiya , the russian bank best known for its close ties to top kremlin figures , is to be " frozen out of the dollar " , according to us officials , as part of the new wave of sanctions from washington .

such layers of secrecy surrounded the offshore deals that bank rossiya staff in st petersburg sent all their instructions to a confidential intermediary – a firm of swiss lawyers in zurich .

the bank has been well known for its substantial dealings with russian gas group gazprom . banking analysts at fitch ratings have noted in the past that bank rossiya relied heavily on a tiny handful of customers for about 60 % of its funding , some of whom also act as customers and shareholders of the bank .

bank rossiya shares were priced at the time of the merger at us $ 1 , 100making the share of gazprom gazoraspredelenie worth at least about us $ 330 million in 2010 .

gazprom - media was only part of the media conglomerate that bank rossiya built . its sprawl has earned the bank’s chairman , yury kovalchuk , the nickname the russian rupert murdoch . in 2005 , bank rossiya bought a stake in a small television network , which putin then designated as a national broadcaster , greatly expanding its reach and profit . it also took over ren - tv , muting critical voices and investigations of the government .

either way , bank rossiya’s holdings would increase tenfold during mr . putin’s second term . critical to this remarkable growth was the bank’s ability to snap up assets , at knockdown prices , that had previously belonged to the state - owned energy company gazprom .

. while bank rossiya publicly owned 16 percent of video international , a roldugin offshore company created by the bank secretly held an additional 12 . 5 percent stake , the files show . according to its 2014 bank account forms , the company , international media overseas , had annual income of about $ 10 million from its holdings .

the modifications satisfied mossack fonseca . the panamanians also took comfort from the fact that a swiss law firm , dietrich baumgartner & partners , helped process paperwork for the bank rossiya network .

the data implicates 12 current or former heads of state . the panama papers also detailed a trail of transactions that leads from bank rossiya — a russian bank on the eu and u . s . sanctions list — to various countries including switzerland and panama .

one of these loyalists is bank rossiya’s chairman and largest shareholder , yuri v . kovalchuk , a physicist by training , sometimes called the rupert murdoch of russia for his role as architect of the bank’s media interests . other bank rossiya shareholders include several of the country’s wealthiest men , the son of mr . putin’s cousin and even an old st . petersburg friend of his , a cellist who was formerly first chair at the fabled mariinsky theater .

to grasp how bank rossiya’s holdings extend around the globe — and how island tax havens and other tools of global finance may serve to obscure their true breadth — one place to visit is 13a karpathou street in nicosia . this is the registered address of med media network limited , a company listed in a corporate flow chart connecting bank rossiya to a company called video international .

bank rossiya featured prominently in earlier occrp stories that showed roldugin used offshores to conduct a series of highly suspicious transactions , many of which made no financial sense but left roldugin much wealthier .

he is the second largest shareholder in bank rossiya ( with about 10 % ) . like mr kovalchuk , he is a long - time acquaintance of mr putin , the eu says .

a day after the bank appeared on the u . s . ' s sanctions list , visa and mastercard abruptly stopped providing payment services for the bank .

reuters reported last year that igora was the site of the 2013 wedding between putin’s daughter tikhonova and kirill shamalov , son of the long - time putin friend and bank rossiya shareholder nikolay shamalov .

a lawyer for kovalchuk said information about bank rossiya was available from pubic sources , adding : “we do not understand why your decision was to address these questions to mr . yury kovalchuk . ”

the united states and european union have imposed sanctions on several russian and ukrainian individuals and washington has also sanctioned bank rossiya , owned by businessmen it regards as close to russian president vladimir putin .

however , during this time bank rossiya actually grew significantly . from 2010 until 2013 , bank rossiya’s assets quadrupled , from us $ 3 . 2 billion to us $ 12 . 5 billion ; its equity more than tripled from us $ 270 million to almost us $ 950 million ; and its net profit grew almost 10 times , from us $ 17 million to us $ 155 million . with such robust grown , how the bank’s share value actually dropped is unclear .

in sanctioning bank rossiya , the obama administration would resurface the “cashier” allegation , though it offered no evidence that mr . putin has personally profited from the bank . mr . kovalchuk , who through a spokeswoman did not respond to requests for comment , in the past has attributed his bank’s success not to any special treatment but to sound investment and business decisions .

the bank is headed by yuri kovalchuk . the us alleges he is the “personal banker” for many senior russian government officials including putin . the panama papers disclose that kovalchuk and bank rossiya achieved the transfer of at least $ 1bn to a specially created offshore entity called sandalwood continental .

in a matter of days , bank rossiya had received an enormous windfall , nearly all from different branches of the russian state , which was delivering a pointed message . in late march , the united states had made bank rossiya a primary target of sanctions , effectively ostracizing it from the global financial system . now the kremlin was pushing back , steering lucrative accounts its way to reduce the pain .

kovalchuk became majority shareholder and board chair of this new version of bank rossiya . when the u . s . government sanctioned him in 2014 , it described kovalchuk as one of putin’s “cashiers . ”

on march 28 , bank rossiya — the country ' s 15th - largest bank with 421 billion rubles ( $ 12 billion ) in assets as of jan 1 , according to rating agency ria rating — said it would cease all foreign currency operations and work only with the ruble .

otkritie is a full - service commercial bank benefiting from a diversified business structure . the bank focuses on corporate investment banking , retail business , smes and private banking .

in 2013 , bank rossiya reported total assets of roughly $ 5 . 6 billion ( 338 billion rubles ) at today’s exchange rates . the frozen assets include accounts belonging to sobinbank , a wholly owned subsidiary .

rossiya 24 tv even accused some of them of trying to " capitalise " on the currency crisis " at any cost " , after they set up exchange rates much higher than those of the central bank .

the bank boss , now estimated by forbes to have a personal fortune of $ 1 . 4bn according to forbes , helped transform the bank from a communist party - backed enterprise into a fast - growing and , above all , well - connected bank .

sberbank , the largest bank , saw a relatively modest reduction of 25 billion roubles .

the market regulator gave the bank the role in a board meeting on april 10 , taking the job away from alfa bank , which has serviced the domestic electricity market since 2008 , kommersant reported . the appointment will boost bank rossiya ' s turnover by 10 percent and give it additional revenue of about 4 billion rubles ( $ 112 million ) annually from commission charges , analysts estimated .

with no advance notice or public debate , though , the board voted that day in april to shift that business to bank rossiya , a smaller institution that lacked the ability to immediately absorb the work . for bank rossiya , it was a tidy coup set to yield an estimated $ 100 million or more in annual commissions , yet it was hardly the only new business coming in . state corporations , local governments and even the black sea fleet in crimea were suddenly shifting their accounts to the bank , too .

bank rossiya , sanctioned by the u . s . last month for being the financier of the russian elite , has been granted the right to service payments on russia ' s $ 36 billion wholesale electricity market .

bank rossiya , which reported less than $ 1 million in profits the year before mr . putin became president , had grown steadily , but figures like mr . kovalchuk and mr . timchenko remained in the shadows .

on june 23 , 2010 , sandalwood bought 66 , 198 shares ( about 3 percent of the share capital ) of bank rossiya from evgeny malov . malov is another well - connected businessman from st . petersburg .

during his time out of the presidency , 2008 to 2012 , bank rossiya’s balance sheet ballooned from under $ 4 billion to more than $ 8 billion . and the network of putin associates kicked into high gear .

© 2014 - 2018 public joint - stock company " bank otkritie financial corporation " . regulated by central bank of russian federation ( general license # 2209 of 24 november 2014 )

abros was and remains on america’s sanctions list . so it is unclear why rossiya , also under sanctions , would want to distance itself from its former subsidiary . it could be that rossiya hoped that if abros were no longer a majority - owned subsidiary of the bank , it would be taken off the list . but this has not happened .

bank rossiya had already assumed management of the assets of gazprombank , one of russia’s largest . now , gazprombank purchased gazprom media group , which owns five television and several radio stations . the price : $ 166 million .

attempting to unwind video international’s convoluted corporate structure requires going back to 2011 . that is when bank rossiya and a couple of partners purchased the company , according to an interview given by video international’s chief executive in 2013 .

an early deal involved one of the country’s biggest insurers , sogaz . bank rossiya bought a controlling stake in sogaz by acquiring shares that had been held by gazprom . the bank paid around $ 100 million , according to mr . nemtsov and mr . milov , who later valued sogaz at $ 2 billion .

the bank of russia transactions balance for liquidity supply / withdrawal of 09 . 07 . 2018

reuters has also learned that earlier this year katerina , 29 , described herself as the “spouse” of kirill shamalov , son of nikolai shamalov , a longtime friend of the president . shamalov senior is a shareholder in bank rossiya , which u . s . officials have described as the personal bank of the russian elite .

loans from these rotenberg companies totaling more than $ 231 million appear to have gone to a british virgin islands - based company called sunbarn limited , created by a manager at bank rossiya . the loans had no repayment schedule .

bank rossiya , whose biggest shareholder is yury kovalchuk — a man who according to the u . s . state department is president vladimir putin ' s " personal banker " — is under sanctions for its involvement in ukraine .

as well as leading the boardroom , kovalchuk is the largest shareholder in bank rossiya , owning close to 30 % . outside banking , he also has interests in a number of federal television channels and a mobile network , tele2 .

the files make clear that bank rossiya built the network . its employees tended to it , working to create the offshore companies , assigning ownership to roldugin and others and shepherding the transactions through banks in russia , cyprus and switzerland .

vtb press office said the bank does not comment on its monthly accounting data , calling the local standards used to prepare it “unrepresentative” as they do not reflect all the bank’s foreign subsidiaries .

the council met at its office in moscow’s world trade center . a spokeswoman declined to discuss the vote , except to say that a quorum attended , explaining that she did not want to contribute to an “anti - russian” article . the decision to shift the business to bank rossiya , she said , was one of several routine actions taken during a regular meeting that day . in remarks published on the council’s website in may , its director , maksim s . bystrov , said bank rossiya had “brought us” a proposal with lower commissions than those charged by the previous bank , alfa . but he declined to provide details , and alfa bank declined to comment .

is the largest single shareholder of bank rossiya and is also the personal banker for senior officials of the russian federation including putin . kovalchuk is a close advisor to president putin and has been referred to as one of his “cashiers . ”

but additional analysis of the records by occrp and novaya gazeta show that offshore companies connected to sergey roldugin , one of putin’s oldest friends , profited obscenely in building the jewel of the financial empire of putin’s inner circle : bank rossiya .

centrist daily nezavisimaya gazeta argues that the central bank itself has undermined the credibility of the rouble .

bank rossiya is indicated by all western intelligence as the mega piggy bank of putin ' s entourage . the documents revealed in panama papers have thrown a bit of light on the financial tricks used to divert the rivers of dollars in their pockets . a new investigation by the organized crime and corruption reporting project explains how it is possible .

until march 51 % of sogaz belonged to bank rossiya via a wholly owned subsidiary , called abros . rossiya is russia’s 17th - largest bank , and its owners have links to mr putin . the remainder of the shares in sogaz were divided between gazprom , its subsidiaries and other figures close to the president . this included a stake held indirectly by gennady timchenko , a billionaire investor whom america assumes to be a member of mr putin’s inner circle ( mr timchenko has denied this ) .

the reason the kremlin rushed to prop up bank rossiya is the same reason that the united states , and later its european allies , placed it on the sanctions list : its privileged status as what the obama administration calls the “personal bank” of the putin inner circle . built and run by some of the president’s closest friends and colleagues from his early days in st . petersburg , bank rossiya is emblematic of the way mr . putin’s brand of crony capitalism has turned loyalists into billionaires whose influence over strategic sectors of the economy has in turn helped him maintain his iron - fisted grip on power .

eight of the 22 - member board of directors that elevated bank rossiya to the position of the market ' s cashier are government officials appointed by the cabinet . the remaining 14 places are occupied by representatives of energy producers , buyers and infrastructure operators .

among those taking part in the new arrangement was ctc media , a company with several television channels that was partially owned by a subsidiary of bank rossiya . ctc continues to pay video international around $ 80 million a year — but as a consultant .

previously , a bank rossiya spokesman had told the newspaper kommersant that the deal was approved by shareholders based on “independent estimations of both lenders” by the global accounting firms pricewaterhousecoopers and deloitte cis , which weighed “all assets of each member of the merger . ”

many of the men linked to the network , including putin , share something else in common besides history . they are connected to the st . petersburg - based bank rossiya , which the u . s . government has identified as putin’s personal cashbox .

both bank rossiya and its principal shareholder , billionaire yury kovalchuk , were placed on the u . s . ' sanctions list on march 20 , two days after president vladimir putin announced that crimea would be annexed to russia from ukraine following a referendum branded illegitimate by western nations . bank rossiya was labeled " the personal bank for senior officials of the russian federation " by the u . s . treasury , while kovalchuk , a friend of putin ' s since the 1990s with a fortune of $ 1 . 1 billion , according to forbes , was described as one of putin ' s " cashiers . "

putin immediately seemed to make the bank ' s survival a point of principle . all measures of support would be given , he said on march 21 , while promising to open a account with the bank .

its operations are concentrated in the north - west of russia and around moscow , where it is active in a wide range of saving and loan operations , with clients in oil , gas and energy . bank rossiya controls large insurance groups sogas and sk transneft .

rcb’s maratheftis said the bank “was always in full compliance with the anti - money laundering regulatory framework . ”

the movement of funds by gazprombank , revealed in data published by the central bank , means that at the beginning of april its foreign currency on deposit at the central bank dwarfed those of other major russian banks .

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the economic model for how members of putin’s circle have shared the profits from this network was also established back in st . petersburg . in the 1990s , putin and the bank rossiya owners created a cooperative for a gated community where they all had houses . the cooperative kept a bank account in common . each could put money in , and anyone could take it out .

at various times , bank rossiya shareholders have included nikolay shamalov ( his son , kirill , is married to putin’s younger daughter katerina tikhonova ) ; mikhail shelomov , a distant relative of the president ; and roldugin , a celebrated cellist and godfather to putin’s oldest daughter .

monthly accounts available on the central bank website show that during march , gazprombank increased the foreign currency held at its correspondent account with the central bank from zero to 248 billion roubles ( $ 6 . 9 billion ) .

as retaliation for the annexation of crimea and kremlin support for pro - russian separatists in eastern ukraine , authorities in both the us and european union ( eu ) imposed sanctions on individuals and companies from putin’s inner circle . one of the most important targets was bank rossiya .

in 2014 , lesin resigned from gazprom - media . russian press reports blamed a conflict between him and bank rossiya’s kovalchuk . lesin relocated to america , where he allegedly owned millions of dollars in property , holdings that had raised the suspicions of u . s . authorities .

alfa - endo is funded by alfa bank , a large russian bank with subsidiaries in the united states , britain and cyprus . the largest shareholder is mikhail fridman , a billionaire with interests in banking , energy and telecoms . an official at the bank said : “alfa bank , and broadly speaking alfa group , act as financial sponsors for the project and that’s it … we are not aware who else is participating in the project otherwise . ”

it seemed to be a quintessential insider deal : the year before , yuri shamalov , son of the bank rossiya shareholder and ozero member , had been appointed chairman of gazfond . “shamalov jr . , as head of gazfond , sold shares in the company managing russia’s largest private pension fund at a fantastically low price to the bank owned by his father , ” mr . nemtsov asserted .

bm bank public joint stock company ( f . k . a . bm bank llc ; a . k . a . bmbank jsc ; a . k . a . publichnoye joint - stock company ' bm bank ' ; a . k . a . " llc bm bank " ) , 37 / 122 t . shevchenko bld , kyiv 01032 , ukraine ; swift / bic bmlt ua uk ; website urltoken ; email address bank @ urltoken ; executive order 13662 directive determination - subject to directive 1 ; all offices worldwide ; for more information on directives , please visit the following link : urltoken [ ukraine - eo13662 ] ( linked to : bank of moscow ) .

the deal between malov and sandalwood was very lucrative for sandalwood , which bought shares from malov for 200 rubles per share ( us $ 6 . 50 ) , spending a total of 13 million rubles ( about us $ 425 , 000 ) for the stake in bank rossiya .

the bank issued a statement saying that it “considers it inappropriate to provide comments on such groundless speculation , ” but said it is not the first time the bank has been the object of “unsubstantiated information attacks , ” vedomosti reported .

other companies are lining up behind bank rossiya , hoping for bailouts . the government recently announced that it would pump $ 6 . 6 billion into two state - controlled banks whose access to foreign capital has been cut . and mr . sechin’s rosneft has requested a $ 42 billion loan .

the schemes are complex . the financial ploys are dark and convoluted . companies are owned by figurehead . but the occrp , the international network of investigative journalists specializing in crime and corruption in the countries of eastern europe , has joined all the dots scattered by years of journalistic investigations , investigations of the spanish judiciary and the revelations contained in the panama papers . and it came out a pretty clear picture of how putin’s aides have turned bank rossiya into a huge reservoir of wealth . at the expense of russian citizens . the us treasury department does not hesitate to define bank rossiya " the personal bank for senior officials of the russian federation . bank rossiya’s shareholders include members of putin’s inner circle associated with the ozero dacha cooperative , a housing community in which they live " . at various times , bank rossiya shareholders have included nikolay shamalov , putin’s son - in - law’s father , mikhail shelomov , a distant relative of the president , and the famous cellist sergei roldugin , putin’s longtime friend and star of panama papers . the bank was founded in 1990 in st . petersburg by some members of the communist party . after the collapse of the soviet union investors like yuri kovalchuk , vladimir yakunin and andrei frusenko , all putin’s friends , joined . in the mid - 90s st . petersburg criminal gangs entered the business , as the spanish investigators have discovered after ten years investigating gennady petrov and the tambovskaya gang . but with the rise to power of putin , things changed . today bank rossiya is one of the largest russian banks , with an assets of us $ 9 billion , and controls large slices of the national economy , including pieces of public money , such as gazprom’s pension fund . how was it possible ?

maratheftis said the bank was legally precluded from answering questions about “third parties , ” but it has always acted in “a transparent manner . ” he said the bank has forwarded icij’s questions to legal authorities in cyprus for an “independent investigation . ”

by 2008 , mr . putin’s second term was ending and the bank rossiya media empire provided a supportive voice when , rather than recede from politics , he decided to serve as prime minister . mr . medvedev was elected president , while mr . putin largely retained control over the levers of government .

the bank rossiya manager shepherding the transaction wanted mossack fonseca’s panamanian directors to sign the horwich trading loan agreement on behalf of sandalwood quickly . one of the mossack fonseca partners suggested that they get a letter indemnifying the law firm first , possibly to avoid being held responsible for the any looting of rcb .

woven deeply into the putin system is bank rossiya . founded as the tiniest of banks in the twilight of the soviet era , bank rossiya , through staggering , stealthy expansion backed by the largess of the state , now has nearly $ 11 billion in assets . it controls a vast financial empire with tentacles across the economy , including a large stake in the country’s most powerful private media conglomerate , a key instrument of the kremlin’s power to shape public opinion . how well the bank survives in a time of sanctions may ultimately be a barometer of whether economic pressure is enough to make mr . putin stand down at a time when neighboring countries , especially in the baltics , are increasingly anxious about a newly aggressive russia .

reporters for novaya gazeta / occrp showed these documents to three independent banking and financial analysts and all of them said the merger hurt the state - owned companies which controlled gep . none of the experts agreed to talk on the record , since , as one said , “you understand who is behind bank rossiya . ” according to their calculations , gep’s shareholders should have received no less than 50 percent of the merged bank .

the business daily rbk agrees that " apparent panic " at the central bank has " stimulated panic on the market " .

if you have any questions or suggestions , send them to us through the bank messages page . we value your opinion !

but whether bank rossiya retains a majority stake in video international is impossible to ascertain . records show that , on paper at least , its shares , held by a subsidiary , are down to 15 percent . nearly all the rest of the shareholders are buried behind fronts like med media of karpathou street .

mr . putin’s efforts to protect the bank were not just symbolic . he ordered the central bank to provide assistance if needed . state - owned energy companies transferred accounts to bank rossiya , and the governors of st . petersburg and the surrounding leningrad region told state institutions in their jurisdictions to do the same , according to russian news reports . additionally , in the lower house of parliament , the main party loyal to mr . putin provided the margin needed to rescind the law effectively limiting video international to just 35 percent of the advertising - placement market .

under these new rules , sogaz should have been subject to sanctions because of its links to both bank rossiya and kordeks , a 12 . 5 % shareholder reportedly controlled by mr timchenko , whom america had blacklisted several months earlier . ( mr timchenko declined to comment on this or any other details of his affairs . ) however , in another exquisitely timed transaction , rossiya cut its stake again—according to the paperwork , two days before the ofac changes were announced—thus helping sogaz avoid sanctions once more .

the bank is described by the us treasury department as “the personal bank for senior officials of the russian federation” whose “shareholders include members of putin’s inner circle associated with the ozero dacha cooperative , a housing community in which they live [ d ] ” .

only one russian bank has so far been targeted by u . s . sanctions , but some u . s . senators have recently called for sanctions against both state gas producer gazprom , the bank’s founder and minority shareholder , and other major banks .

the bank had its biggest $ 435 , 433 , 344 asset placed on a single us account with a financial company called computershare inc . some tens of millions of dollars were frozen in the accounts of raiffeisen bank , according to the us treasury .

in 2005 , a subsidiary of bank rossiya bought a stake in channel 5 , a local television network owned by the st . petersburg government . the price was $ 25 million . there was no competition . channel 5’s value swelled in 2006 , when regulators let it acquire frequencies in 30 regions across russia .

in 2010 , bank rossiya put its hands on the majority state owned russian energy jewel , gazprom . the subsidiary of the gas giant , gazenergoprombank , was at that time a public bank with equity of us $ 343 million , while bank rossiya reached a more modest us $ 270 million . the two banks decided to merge but , as we might have expected a fair distribution of the shares , the shareholders of gazenergoprombank only received 16 % of the new bank rossiya , whose owners instead managed to double their assets for nothing . this was possible because in rossiya’s annual report despite its low assets and equity it was estimated five times the market price of gazenergoprombank . but , at occrp say , if the real value of bank rossiya was really that , or about us $ 3 . 3 billion , how is it possible that a 12 % share in 2013 was sold for us $ 153 million when the correct price should havebeen at least us $ 340 million ? this is not the only case in which the bank rossiya owners did a roaring trade in the russian taxpayers’ expense . in 2010 the offshore company sandalwood , registered in the british virgin islands and owned by sergei roldugin , the cellist of miracles , bought 3 % of bank rossyia at us $ 6 . 50 a share . two days later , he resold the whole stake to the horwich trading of cyprus at $ 211 . 5 per share , and the latter company resold it all a month later to gazprom at us $ 1 , 120 a share . something like 172 times the price paid by roldugin . and , even worse , gazprom has then resold the stake at half of the price paid , obtaining a big loss of taxpayers’ money . roldugin has always defended himself by saying he do not have a penny . " even my cello is second - hand , " he said on several occasions . one would be curious to know how much he paid for it and at what price he will resell it .

but in its 2013 report , gazprom’s subsidiary reported selling their bank rossiya’s shares for much less than half that price or us $ 153 million ( in exchange rates for december 2013 ) . at 2010 exchange rates , the price would be about us $ 170 million , or half what they had paid in 2010 .

secretary mnuchin leads u . s . delegation to g - 20 finance ministers and central bank governors meeting in buenos aires , argentina

the us explained the freezing of the bank assets on its blacklisted owner yuri kovalchuk who is part of the kremlin inner circle . on april 28 , 2014 , smp bank and sobinbank , which belong to the rotenberg brothers , were hit by similar sanctions .

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the owner on paper of sandalwood was oleg gordin , a small businessman with a background in “law enforcement agencies , ” according to an rcb bank account opening form found in the files . gordin also had power of attorney on some of roldugin’s company bank accounts .

angelo codignoni has served as a member of the board of directors since june 2011 . mr . codignoni has 30 years of experience in the television , media and advertising industries , which has included the creation and management of television networks in europe and asia . dmitry lebedev has served as chairman of the management board of bank rossiya , a large russian national corporate bank , since 2006 , and has more than 20 years of banking experience . bank rossiya has an indirect interest in telcrest investments limited , which holds a 25 . 2 % stake in ctc media . mr . codignoni and mr . lebedev are representatives of telcrest and their appointments have been made in accordance with the stockholders agreement between ctc media , mtg russia and telcrest that came into force on june 2 , 2011 .

records show that the ownership of one powerful television advertising company linked to bank rossiya , for example , is buried in offshore companies in panama , in the british virgin islands and even at a simple concrete house on karpathou street in nicosia , the capital of cyprus , whose owner had no idea of the company registered there .

in september 2009 , a mossack fonseca compliance officer flagged a transaction for $ 103 million involving a company called sandalwood continental limited . the manager for bank rossiya who was arranging the transaction wanted sandalwood corporate directors – who were stand - ins provided by the law firm – to approve the deal . but its size seemed worrisome .

moscow , april 24 ( reuters ) - russia’s third biggest bank moved almost $ 7 billion to the central bank as tension over ukraine rose in march and joined others in slashing its deposits in foreign banks where they could be frozen if more international sanctions are imposed .

“this could show that gazprombank was using the foreign currency correspondent account at the central bank as a sort of haven from sanctions . ”

the us has frozen accounts of russian banks smp , rossiya and its subsidiary sobinbank worth in total $ 640 million , as part of america’s escalating sanctions war against russia over its policy in ukraine .

a russian company called ozon holds title to the ski resort . bank rossiya’s kovalchuk is a co - owner of ozon . beginning in late 2009 , ozon received $ 11 . 3 million worth of loans from a key offshore company in the putin network , the mossack fonseca files show . the loans carried an interest rate of 1 percent .

now , the mossack fonseca files reveal that there was a secret component to both lesin and bank rossiya’s media dealings . lesin had a company called gloria market ltd . based in the british virgin islands . he created it in 2011 , to collect money from advertising , according to a source of funds form found in the mossack fonseca files .

this represented the bulk of the $ 8 billion that russian banks added to such central bank accounts as a whole , raiffeisenbank analysts calculated .

today bank rossiya is among the top 20 russian lenders according to the interfax rating agency , with assets of about us $ 9 billion and equity of us $ 700 million . it controls a sprawling financial empire with important strategic assets that underpin the russian economy , including one of the country’s largest insurers and the management company for gazprom’s pension fund .


tripwire , inc. is a software company based in portland , oregon that develops , markets and sells information technology ( it ) for security and compliance automation .

the company 's software and hardware products provide organizations control over physical and virtual it infrastructure .

tripwire ( company )

tripwire ( company ) <EOT> a company like qualys or tripwire getting popped would spell certain doom for that company .

belden released some tripwire financial data wednesday , which shows the portland company has been hugely profitable . ( belden image )

devs don ' t patch live systems at a company that size . devs shouldn ' t touch live systems at a company that size .

glassdoor gives you an inside look at what it ' s like to work at tripwire , including salaries , reviews , office photos , and more . this is the tripwire company profile . all content is posted anonymously by employees working at tripwire .

the combined company will have more than 500 employees , according to tripwire , and had bookings last year of about $ 140 million .

former viewpoint cfo seeking $ 4 . 4m from portland company - portland business journal

tripwire interactive’s vice president alan wilson has been with the company since it was just a small mod team in 2003 . photo by michael strong .

tripwire describes itself as " highly profitable . " in 2010 , tripwire ' s last full year prior to its sale , the company had net income of $ 4 . 0 million on revenue of $ 86 . 2 million .

tripwire story - home page of realgenekim ( gene kim ) : tripwire founder and cto , visible ops co - author , and more . . .

keep encouraging the great work culture . get the gm / president into the portland office to lead the company . narrow the focus of the company so that the resources can really be targeted .

tripwire said it will integrate ncircle ' s operations into its own , and market ncircle ' s technology under the tripwire brand . johnson said he expects the combined company to grow , but he said some duplicate jobs will likely be eliminated following the deal .

in 2005 , tripwire released the first version of tripwire enterprise , the company’s flagship product . tripwire enterprise is a security configuration management suite , which combines hardening processes that ensure systems are configured securely and compliantly with fim capabilities to ensure they stay that way . then as now , misconfigured systems continue to be the main source of many major breaches .

that it will buy a similar business in san francisco , the first in what tripwire promises will be a series of deals aimed at eventually creating another billion - dollar oregon tech company .

tripwire is always working to increase the value that its award - winning portfolio delivers . for example , in 2016 tripwire announced a “no - touch” security configuration management solution for industrial environments . in 2017 , the company announced tripwire cloud management assessor for managing configurations in the cloud , and new tripwire ip360 capabilities for scanning docker containers for vulnerabilities . additionally , tripwire continues to grow its library of policy and platform combinations – the most comprehensive in the industry – and its intelligence on new vulnerabilities and patches as they arise .

tripwire had planned a public stock offering - - oregon ' s first since 2004 - - but the company later decided its growth rate wasn ' t strong enough to appeal to wall street .

with “red orchestra” and “killing floor” attaining commercial success through sequels and spinoffs , tripwire interactive vice president alan wilson shares the history of the company he has been helping to build up since 2003 .

belden inc . , a st . louis - based networking hardware company , is well into a decade - long process of transforming its business from an old - line cabling and wiring company to capitalize on emerging technologies .

tripwire ' s sale is among the largest deals for an oregon tech company in state history . it was advised on the deal by chertoff group ' s investment banking , led by chad sweet .

i am very proud of my contributions to the company . looking back , i’ve achieved almost everything i set out to achieve at tripwire . eighteen years ago , i wrote the original version of tripwire in 1992 with dr . gene spafford . now , it is a company that has thousands of customers , booked over $ 80mm in 2009 , and continues to be used as part of information security , compliance and it operations programs worldwide . and as widely reported , the company completed its s - 1 filing in may .

discover and profile all assets on your network with tripwire ip360 . minimize manual effort through integration with your existing tools and processes . get complete asset discovery with tripwire’s easy system remediation .

i had announced to the company on july 1 about my plans . i ' ll be posting this letter tomorrow .

with support from corporate , education , and government security professionals , gene founded tripwire , inc . in 1997 to bring fim , in the form of tripwire® for servers , to the commercial market . the company went on to develop more advanced fim capabilities during an opportune time as e - commerce boomed , requiring security controls that would become the basis of payment card industry data security standard ( pci dss ) . during this time tripwire also released open source tripwire , which remains available today .

the evening of july 20 was a both joyous and bittersweet . why ? it was joyous because i spent the evening with so many tripwire colleagues that i’ve loved working with , who were all congratulating me and wishing me well . it was bittersweet because this was my farewell party at tripwire : thirteen years after i founded tripwire , i was leaving the company to start the next chapter in my life .

note : this article has been updated with additional context and comment from tripwire ' s ceo .

tripwire is repositioning various parts of its business , according to shenoy , and still anticipates expanding .

belden said tuesday night that it will keep tripwire in portland and run it as a " standalone entity . " tripwire chief executive jim johnson said he will continue running the company and retain all 450 employees , including the 250 at portland headquarters . he anticipates research spending will accelerate , leading to more portland hiring .

tripwire ' s revenue growth , which slowed in 2010 and forced the portland company to abandon its ipo plans , picked up again in 2012 and have been growing at a 15 percent annual rate , according to belden .

contacted earlier today , maury plumlee , vice president of global marketing , said the company has no further plans for layoffs .

after winning the competition and splitting the $ 50 , 000 across the team , tripwire interactive was officially founded in february 2005 . their next task was to create a full retail game that could actually make the company money .

instead , she said , the company is " rightsizing " its work force to bring its headcount in line with industry peers .

tripwire’s current office is located off of woodstock road in roswell , georgia . photo by michael strong .

so earlier this month , the company announced its sale to thoma bravo , a private equity firm specializing in software companies . thoma bravo said it will retain tripwire ' s portland headquarters and its top executives , including ceo jim johnson .

the combined company will be a powerhouse in the security industry . combined , tripwire and ncircle have over 500 employees and 7 , 000 customers spanning 96 countries around the globe . their combined revenue in 2012 was about $ 140 million . the new company will rank as a competitor for mcafee , symantec , emc , and others in the security and vulnerability management arena .

you’re going to be hearing the name tripwire a lot more , and the name ncircle a lot less probably . tripwire announced today that it is acquiring ncircle—making it one of the biggest companies in information security .

in 2010 , tripwire announced the release of tripwire log center® , an advanced log intelligence solution , after acquiring activeworx technologies . designed to enable faster data breach detection , tripwire log center sorts through the sea of data to indicate the most important events to look into . it also satisfies regulatory requirements for recording log data .

“killing floor’s” developer , alex quick , contacted tripwire looking to port his mod into “red orchestra . ” tripwire eventually agreed to take over development on “killing floor” and to create a full retail version of the game .

tripwire , previously owned by private equity firm thoma bravo , hadn ' t reported financial results in recent years . but forecasts issued by belden on wednesday indicate that tripwire is hugely profitable and positioned for very rapid growth .

visit tripwire at black hat usa , held at mandalay bay in las vegas , from august 8 - 9 .

an exciting day ! leaving tripwire to begin my next chapter in life - realgenekim blog - home page of realgenekim ( gene kim ) : tripwire founder and cto , visible ops co - author , and more . . .

tripwire’s industry - leading fim detects changes on assets across your enterprise , from on - premise data center to public cloud , and remediate them to a known and trusted state . know who changed your systems with tripwire enterprise fim .

allana lives on the bridge between the right and left brain , while overseeing all operations , marketing , hr , accounting and corporate culture areas of tripwire media . having a background in business development , marketing , operations management and counselling over the last 15 years , she enjoys promoting tripwire’s unique workplace culture , and managing both internal and external key features of this intentional media company .

know what ' s on your network with our complete vulnerability management solution . learn how tripwire outperforms other cybersecurity solutions .

tenants include the ball janik law firm , software company tripwire inc . and northwest regional education laboratory . an employee with another tenant , haglund kelley horngren jones & wilder , said the law firm was moving to the " black box " or 200 market building downtown .

ben ertischek , former chief financial officer of high profile portland tech company viewpoint construction software , is suing his former employer and its top two officers .

tripwire tends to focus on critical systems such as financial transactions , he said , which require relatively expensive , labor - intensive security . by comparison , ncircle ' s tools are less demanding - - but essential in giving a company an overall sense of its risk profile .

more than half of tripwire’s revenue is a result of the renewal of existing licenses , according to the belden conference call about the acquisition . tripwire has a more than 90 % renewal rate and adds more than 400 new customers a year .

if the company survives this , they will certainly need to replace the entire security team . find the ones that quit in disgust and hire them back .

both tripwire and its new acquisition , ncircle , provide technology to large organizations to guard against intruders and technical vulnerabilities . they were occasional rivals , said tripwire chief executive jim johnson , but more often sold complementary products to a similar customer base .

download this executive brief to understand how tripwire equips you with hi - fidelity asset visibility , deep endpoint intelligence and more .

i applied online . the process took a week . i interviewed at tripwire ( portland , or ) in september 2016 .

tripwire is expanding into the video game console market by bringing “killing floor 2” to sony’s playstation 4 . photo by michael strong

" open source tripwire® software is a security and data integrity tool useful for monitoring and alerting on specific file change ( s ) on a range of systems . the project is based on code originally contributed by tripwire , inc . in 2000 . "

i wrote the original version of tripwire when i was an undergraduate student at purdue university in 1992 , when i was doing an independent study project with the famous dr . gene spafford . one of the most unexpected outcomes is that it rapidly became one of the most widely used intrusion - detection tools for unix . so in 1998 , i co - founded tripwire , inc . with w . wyatt starnes , and have served as cto ever since . that’s right . i’ve been at tripwire for 13 years . i think the best history of tripwire is in the video below . it was a 15 minute presentation i gave to the entire company in january 2010 during our sales kickoff meeting . in this video , i share ten things you may not know about the story behind tripwire :

judging from her profile , she had 11 years working in it positions starting at hp in 2002 and including two banks and a major credit card processing company .

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but the layoffs would have happened regardless of that deal , according to rekha shenoy , tripwire ' s vice president of marketing .

while tripwire ' s sales have continued climbing , though , the rate of increase fell below 20 percent in each of the past two years . tripwire ' s revenues totaled $ 86 . 2 million last year , up 16 . 5 percent from 2009 .

you can find my internal email announcement of my departure to the company here , as well as pictures from the amazing farewell party that they threw for me here .

however , back to the matter at hand . i suspect that we will learn that equifax was a shell of a company that is still running xp or even nt and that the business people treated the tech side of the company as janitors who basically had to keep the place looking tidy and those credit card transactions coming in .

ertischek was cfo of the fast - growing company from august 2009 until september 2015 . he has since launched his own startup , csquire , which launched in january .

the portland , ore . , company serves customers in the financial services , retail , energy , health - care and pharmaceutical , industrial , government and media industries .

it security is in tripwire ' s dna ! with offices in portland , san francisco , atlanta , london , tokyo , singapore and counting , tripwire has continued to grow by developing their products to meet the challenges posed by today’s threat heavy environment . . .

thoma bravo helped finance today ' s deal , johnson said , along with cash from tripwire ' s own earnings and bank loans . debt is part of tripwire ' s growth plan , he said , but " we ' re not anywhere near our limits . "

ncircle is now part of tripwire , a leading global provider of it security and compliance solutions . follow us @ tripwireinc on twitter .

we filmed tripwire ' s session at the pc gamer weekender as they chat about killing floor 2 and rising storm 2 : vietnam .

protect against cyberattacks with the industry’s best foundational security controls . detect threats , identify vulnerabilities , and harden configurations in real time with tripwire .

tripwire announced last week it had growth of 29 % for the third quarter , compared with year - earlier results . the company is expected to have $ 165 million in adjusted revenue and roughly $ 53 million in earnings before interest , taxes , depreciation and amortization this year , in 2015 , according to belden’s news release .

tripwire isn’t a household name like symantec or mcafee , but it’s known and respected in information security circles , and it boasts nearly half of the fortune 500 as clients . the company has been around for over a decade , and initially made its mark with a file integrity product that alerts it admins when critical files have been altered—a possible sign of exploit or malware attacks . tripwire has products for identifying and remediating file and configuration changes , and for logging and correlating security events .

laid off about 50 employees tuesday - - nearly 15 percent of its total work force - - a day after the portland network security company completed its sale to a private equity firm .

tripwire is a leading provider of security , compliance and it operations solutions for enterprises , industrial organizations , service providers and government agencies . tripwire solutions are based on high - fidelity asset visibility and deep endpoint intelligence combined with business context ; together these solutions integrate and automate security and it operations . tripwire’s portfolio of enterprise - class solutions includes configuration and policy management , file integrity monitoring , vulnerability management , log management , and reporting and analytics .

get tripwire as a service and professional administration in a single subscription . discover our all - in - one security solutions for teams that move quickly .

the full version of “killing floor” was developed in three months by a team of ten people . it was launched at retail in may 2009 . wilson said that the company spent the next two years repairing the damage they had done in developing the game so quickly . tripwire supported the game for six years and continuously cleaned up the product .

i am very grateful to jim johnson , the tripwire ceo , for making something that was so difficult ( for me ) so easy . he is a genuinely great guy with unquestionable integrity . the company future has never been this bright , and i am deeply grateful to everyone who has helped make that happen , including our customers and investors .

the company is now made up of 50 developers and it is quickly running out office space . wilson said they plan to move by the middle of next year , whether that means they have to find new space or build a new office . with two major releases coming up and plans for a third franchise , tripwire is busier than ever .

with the acquisition of ncircle in 2013 , tripwire rounded out its portfolio with the addition of asset discovery and vulnerability management . with unpatched vulnerabilities being another significant cause of many major breaches , tripwire ip360™ enables organizations to identify system vulnerabilities through advanced intelligence that prioritizes the most critical issues and how to fix them .

before thoma bravo’s acquisition , tripwire had filed for an $ 86 . 3 million initial public offering , according to filings with the securities and exchange commission .

cyberthreats are constantly evolving . visualize the current security status of your it environment by adding tripwire’s deep configuration and change data with it information stored in splunk enterprise .

gss america infotech is one of the country ? óôé¼ôäós fastest growing it consulting and software development company . the global it services company focuses on providing scalable and cost–effective it solutions using global delivery model for industries in the areas of financial services , insurance , telecom , manufacturing , transportation , healthcare , legal and power . since its beginning , gss america has grown constantly and has served more than 600 clients in us and

with a broad set of capabilities , tripwire helps its customers keep their names out of data breach headlines , avoid regulatory fines , and focus on running their business .

in 2015 , belden forecasts $ 53 million in tripwire earnings before interest , taxes , depreciation and amortization ( ebitda ) , a key measure of corporate cash flow .

last year , tripwire acquired ncircle network security inc . , a venture - backed provider of software for compliance , risk and security management , for an undisclosed sum .

belden worked with ropes & gray llp as its legal adviser on the deal . the st . louis company is a provider of end - to - end transmission services and products for mission - critical manufacturing applications .

combined with ncircle , tripwire said it would have ranked among the largest companies in its field last year - - alongside divisions of ibm , emc , symantec and mcafee .

in a statement , viewpoint said ertischek was informed his severance payments would stop because “he had violated the terms of his separation agreement and his other legal obligations to viewpoint during and after his tenure with the company . ”

tripwire’s first two releases found success in the digital space of pc gaming . the developers were ready to take their next major step by creating sequels to their games entirely from scratch . tripwire released “red orchestra 2 : heroes of stalingrad” in september 2011 and is taking the lessons learned from that game’s development into the creation of “killing floor 2 . ”

it could take close to a year to fully integrate ncircle , but johnson said tripwire could be ready to move sooner than that on another deal if the right opportunity arises .

agreed , but she ' d damned well better have at least one email in her possession showing that she ( or one of her subordinates ) had previously tried to warn the company to update their version of struts . . .

tripwire had about 325 employees prior to the deal - - 225 in portland . it hasn ' t disclosed 2012 revenues , but johnson said they were north of $ 100 million .

founded in 1997 , tripwire sold its business in 2011 to a private equity firm called thoma bravo after failing to reach the growth rate it had sought for an initial public offering .

tripwire ' s software helps large businesses monitor their computer networks for technical problems and security glitches . it was among the state ' s fastest - growing technology companies throughout the recession .

but there are also some that would have . music education had no chance of teaching her what she needed to know . she was almost setup to be a perfect victim of some security company ' s ' magic bullet marketing ' .

as customer needs change , cyber threats increase , technology landscapes evolve , and new regulations surface , tripwire is here to help organizations build strong foundations for security , compliance and operational excellence .

belden said it expects $ 121 million in tripwire revenue in 2015 ( $ 165 million , accounting for deferred revenue ) , $ 190 million in 2016 and $ 233 million in 2017 .

( roswell , ga . ) – nestled in the corner of roswell , a team of 50 video game developers make up one of georgia’s longest running game development studios , tripwire interactive .

the ceo must close the gap with the competition . but the two most critical projects necessary to achieve this are years late and way over budget , mostly because of it . furthermore , the company is losing customers due to outages and fragile and insecure it infrastructure , sox - 404 it audit findings are jeopardizing their 10 - k with disastrous footnotes , pci compliance failures threaten to damage the company brand , and developers are taking dangerous shortcuts in order to meet external promises .

finish the novel “ when it fails : the novel . ” the novel describes the fall and eventual triumph of the ceo and vp it operations of a 100 year old , $ 4b / year company at the brink of existential failure .

thoma bravo agreed to sell tripwire inc . , a developer and provider of cybersecurity software and services , to publicly traded belden inc . for $ 710 million , according to a news release .

at tripwire , between 1997 and 2002 , we raised over $ 55m in funding . yes , that’s a lot of money . but , that was how you built enterprise software companies back then .

though vastly different in pacing and visual style , tripwire’s two flagship games share their creative roots . they both come from passion projects , built by incredibly small teams on empty budgets and crunched timeframes .

thoma bravo acquired tripwire from previous venture capital firms , includingadvanced technology ventures , ambex venture group , bessemer venture partners , industry ventures and institutional venture partners , for an undisclosed sum in may 2011 .

the cuts came across all departments , she said . tripwire had 350 employees , 225 of them in portland , before tuesday ' s cuts . shenoy declined to discuss severance packages for laid - off workers .

i wouldn’t fully appreciate how important this application of tripwire was for many more years . but practices like this would becomes required to comply with the sarbanes - oxley act of 2002 ( sox - 404 ) .

the suit notes that staff reductions and office consolidation were used to reduce costs . in march , viewpoint said it was restructuring and cutting 50 jobs , including 15 in portland . however , the company said the move would reduce complexity and that it would continue to grow .

the company ? óôé¼ôäós vision is to be the most respected and preferred global it services leader by consistently exceeding customer expectations in providing solutions of superior value and continuous innovation delivered by a team of best in class professionals . it has two global delivery centers at jubliee hills and

we’ll have to see how the company chooses to structure itself , or present its products and services to clients moving forward . the two companies are not disclosing the terms of the deal . the acquisition is expected to close in april and is subject to the customary closing conditions .

part of ertischek’s claims include defamation against the company as well as kotzabasakis and new cfo kelly lang . he claims the two have made “false or defamatory statements” about his abilities as a financial manager to people in the business community , which hurt his ability to fundraise for csquire .

in 2004 , the renowned game development company epic games held its first “make something unreal contest . ” the competition invited game creators to submit modified versions of its game “unreal tournament . ” more than 1 , 000 entries , known as mods , were submitted in the hopes of winning $ 50 , 000 . the winner was a mod called “red orchestra : combined arms . ” before its official founding as tripwire interactive , the mod team created the first form of its now widely popular franchise .

the parties didn ' t report terms of the sale , which closed monday . but tripwire is a profitable business in a strong market , and the deal was surely in the tens or hundreds of millions of dollars .

it ' s easy to see why – belden expects great things from tripwire , which has quietly positioned itself for spectacular growth as big companies grow increasingly desperate for tools to protect their computer systems from malware and hackers .

it starts to dawn on the ceo that his survival now depends upon the success of it and information security . and while he believes that it is not their core competency , he learns that the company cannot function without it , and is therefore a competency that they must develop .

and with a patient , deep - pocketed owner , johnson said he ' s in no hurry to take another swing at an ipo . he said he believes tripwire could one day generate $ 1 billion in annual revenue .

" a lot of our customers buy both our products , " said johnson , a former intel vice president who took the top job at tripwire in 2004 . " we had a number of requests about bringing them together . "

shares in belden inc . soared early wednesday , the morning after its $ 710 million purchase of portland cybersecurity specialist tripwire . shares are up 8 . 4 percent to $ 81 . 19 , near an all - time high .

tripwire has spent the two years since its sale readying itself for growth , johnson said , investing in internal financial systems , technical capabilities and other business functions . plans call for the ncircle deal to kick off a series of acquisitions .

ppc is a global leader in connective technology—we use the latest techniques to bring new and enhanced products to market fast . our state - of - the - art test laboratory is among the best in the business - and we hold more patents in connector technology than any other company in the world .

founded in 1971 , the company has always been devoted to the premise of supplying quality wire and cable to its customers in a timely manner . four manufacturing facilities , an engineering complex and several regional distribution centers located across the united states keep west penn wire products ready and available to its clients .

the suit claims , in part , breach of contract , defamation and intentional interference with economic relations . the claims stem from the company ' s ceasing of payments on ertischek’s severance package , as well as comments he said his former employer has made to former workers and members of the business community .

tripwire is primarily known in the pc gaming scene for its franchises “red orchestra” and “killing floor . ” these games are first - person shooters that come from humble beginnings , but have risen to prominence and have developed a committed cult following .

brimrose technology corporation was founded in 2007 as a spin - off r & d ; company of brimrose corporation whose focus is on the development of innovative r & d ; ideas and products specifically for the aerospace , us military and the department of defense ( dod ) with over 30 years previous accumulated experience .

while an undergraduate student at purdue university , gene developed a piece of software inspired by his interest around the morris worm . on november 2 , 1992 , the four year anniversary of the morris worm , gene published “tripwire” software as an academic source release designed to detect when changes occur to files , whether malicious or accidental , and help with recovery . to his surprise , tripwire rapidly became one of the most widely used intrusion detection tools for unix , with millions of downloads over the following years .

with the license , tripwire could now start from scratch and develop their own full game and sell it at retail . this resulted in the creation of “red orchestra : ostfront 41 - 45 , ” which was the full version of the original mod .

gss america infotech has a broad and tightly–knit network of leading technology partners , contributing to the enhancement of its it services and solutions offerings . they are microsoft , hp , ibm , sun , bmc software , alarmpoint , tripwire , netiq and bea .

rodrigo finds his work extremely fulfilling , and sees himself working on aaa commercials for clients like nike , dreamworks , or elon musk within the next twenty years and , with tripwire , he no doubts sees that happening . may the force be with you .

ivan completed his phd on the topic of software vulnerability analysis in 1998 . he constructed a large - scale database of system vulnerabilities , and then used this to explore their characteristics . his research was part of the coast project . he is the founder and ceo of start - up company , arte xacta , in his native bolivia .

during my thirteen years at tripwire , i was very focused on the mechanics of how organizations can detect and manage configurations and changes . but in reality , the problem actually starts far upstream , in how the business and it organizations made decisions that necessitated those changes .

tripwire’s integrated product suite delivers a portfolio of foundational controls for security and compliance geared toward up - to - date trends in the cyber threat landscape . download this executive brief to see how our current range of solutions fit together to form a comprehensive cyber integrity suite .

as i mentioned before , tripwire rapidly became one of the most widely used security tools for unix , downloaded millions of times . because the primary distribution mechanism was comp . sources . unix and ftp , it required a lot of work and determination to download things .

“killing floor 2” is available now through early access , but has yet to be officially released . tripwire has also released expansions to the “red orchestra” games as a new franchise called “rising storm , ” which takes players to battles on the pacific front of world war ii .

sean received his phd in 1993 and is co - founder and executive director of rich house global technology ltd . , a company working in near - field communications . his dissertation , debugging with dynamic instrumentation and test - based information , was done as part of the spyder project in the serc . hsin ' s co - advisor was richard demillo .

gene completed his bs degree in 1993 and his mscs at the university of arizona . he worked with me on the tripwire project through coast , released on november 2 , 1992 . gene is now cto of tripwire , inc . since 1999 , gene has been capturing and codifying how " best in class " organizations have it operations , security , audit , management , and governance working together to solve common business objectives . this was codified in 2004 , he co - wrote the visible ops handbook , showing how it organizations successfully transformed from good to great .

“nothing in his complaint seriously disputes these points or addresses his misconduct . we can only conclude that this complaint , and some of the actions mr . ertischek took both before and after leaving viewpoint , are expressly intended to blame others for his failings and harm the reputation and employees of a company where he was a well - paid executive for six years .

taimur received his ms degree in 1995 for his research with the coast project . his ms thesis , a taxonomy of security faults in operating systems , explored how to classify faults in unix that led to security compromises . the classification can be used for testing and software development . taimur is a co - founder of argole systems , a medical records and services company .

mohawk is headquartered in worcester , massachusetts , and has been providing copper and fiber cable innovations for over 50 years . mohawk is an iso 9001 certified company and develops products to meet and support tia / eia , iso / iec , icea and nema standards . as part of the global belden operations , mohawk is supported with worldwide management , financial resources , and distribution capabilities .

we released tripwire as an open source intrusion detection tool , designed to detect when changes occur to unix systems , regardless of whether it was malicious or accidental , and then help enable their recovery . we released it on november 2 , 1992 , on the four year anniversary of the morris worm .

“the people who liked the original ‘red orchestra’ said that we changed things that they didn’t want changed , ” tripwire’s matthew farber said . “but we said , ‘yeah , but that’s what we would have done the first time . ’ so we took that lesson to heart with ‘killing floor 2 . ’”

gene , congratulations , my friend . not only do you have a wonderful history of achievement behind you , but you ' ve done the brave thing in letting go of your baby , tripwire , to embrace change . the future is so much more interesting than the past , don ' t you think ?

having an extensive background in account management , pr and marketing , kathryn is a proficient swiss army knife of communications and client relations . she oversees the client management side of things at tripwire , and is an intentional observer who believes that honest relationship building is the key to successful communication and effective promotion strategies .

tripwire solutions offers a range of training courses across oracle’s bi and data warehousing technologies , concepts and modeling techniques . the sequence of the training is setup in such manner that each training will build further on knowledge gained in previous modules . this allows you to create your own training path according to your specific needs .

he had downloaded tripwire , and was using it at the conclusion of their audit work at clients . he would make a snapshot of critical financial reporting applications and systems , so that when they came back next year , he could see all changes made that could affect the integrity and correct functioning of those systems .

and while any one person has one life to worry about , you ' ve got quite a few more to think of : your lovely , growing family ; your team mates and colleagues from tripwire who look to you for leadership ; and your partners and peers in industry who regard you as a pillar of their community .

after starting tripwire , doug realized that video wasn’t just a form of communication and art , but it could also be a tool to help people , make change , and reach people at an emotional level that he never knew . through effective and creative storytelling , he now works hard to help his clients authentically connect with their audience .

“we had to do a big exercise on assets , ” tripwire president john gibson said . “to be able to sell the game , we had to know where every single art asset came from . any asset that we couldn’t identify where it came from or we didn’t have permission to use , we had to trash and rebuild . ”

i ' ve been researching high - performing technology organizations since 1999 . i ' m the multiple award - winning cto , tripwire founder , co - author of the devops handbook , the phoenix project , and visible ops . i ' m an devops researcher , theory of constraints jonah , a certified is auditor and a rabid ux fan .

historically , security has been seen as a necessary evil , but treated with disdain , or at least indifference in the board room . seatbelts and airbags are crucial elements in a vehicle , but they’re not sexy selling points , and nobody chooses a car for its seatbelts . security is necessary , but it doesn’t generate revenue , and it’s much harder to prove or make a case for projects designed to ensure the company doesn’t lose money .

after enrolling in red river college’s digital multimedia technology in 2006 , his realized all the possibilities that video has that offer . since starting at tripwire in 2011 , braydon has worked on many productions – some which have taken him across north america – sometimes filming potato chip factories , sometimes kidney transplants , and sometimes doug in a house robe . wait…what ?

do you like them ? i really believe that a good experience throughout not only makes the process more enjoyable , but makes the final result better . if you get along with them and there’s a healthy relationship , that’s going to help collaboration . i’m not saying you can never disagree on things , but if you don’t like your contacts at your new production company from the beginning , chances are it’s not going to get better , and the product will suffer .

richard stiennon , chief research analyst with it - harvest , however , thinks there might be some synergy in this merger . stiennon told me that the two units are often maintained as separate entities so one can be easily sold off at a profit when the opportunity arises , but he believes that tripwire and ncircle mesh well to create a stronger , united security firm .

i fully agree . it is pathetic . i just recently had to explain to some 5 - year web application developers at a really large company where they write mission - critical software , what an http - header looks like . these people have zero understanding what they do . they can use some frameworks for implementing simple business logic , but ask them whether a variable is actually stored on client or server side and they just look at you without any understanding at all .

poliron is a leading manufacturer of industrial cables in brazil . poliron designs , manufactures and sells cables and multi - cables for use in mission - critical industrial environments . the company produces cables for instrumentation , command and control and extension of thermocouples used in the petrochemical and chemical industries , offshore oil facilities and other industrial and building automation systems . founded in the 1930s in são paulo , poliron ' s tradition of high quality and innovative product development make it a leader in the industrial cable industry .

we are an intentional media company , where progressive companies come to collaborate , develop , and execute their stories with a proven approach . storytelling and culture are at the centre of everything we do , and we wouldn’t have it any other way . we make collaboration fun and involve clients throughout our processes , so that we can effectively create video and animation stories that connect with target audiences . the outcome is a product our clients can use to ensure desired audiences understand the messenger as well as the message .

to be fair , equifax is a credit reporting bureau , and not fireeye , tripwire , qualys , f - secure , pc - matic ( for consumers ) , etc . ( though you are correct in that security is an incredibly high priority for a credit reporting bureau , or at least one would think so . . . but they got popped via a way outdated version of struts , ffs . )

great culture , very caring towards employees , flexible . i ' ve never worked for a company with so little office politics . almost everyone who works here just cares about doing a good job and supporting others . the culture is awesome . it makes a huge difference . there is a lot of flexbility in the work day and location . managers trust that you are doing your job and give a lot of ownership . they listen , they take care of employees . best place i ' ve ever worked , hands down .

a writer at heart with an adventurer’s spirit , kathryn has several published works in newsprint , magazines , and a children’s book , in addition to having flown a plane and tangoed with a tarantula in the belizean jungle ( …that was a close one ) . she looks forward to meeting you , and assisting you on your next project with tripwire media . and , don’t worry , she make sure’ll to leave the tilly hat at home !

we , as tripwire solutions , felt that a right mix of data modeling techniques , technology and concepts specific to data warehousing & bi were missing on the market . that’s why we would like to add our training portfolio to the market adding something to the existing technology training offer . our trainings are a mix of theory , tools and hands on experience , we have been experiencing in our projects . hereby an overview of our training offer :

referrals just like any contractor , you should ask around . maybe call the companies , who’s work they’re featuring , what they were like to work with . check online for bad reviews ( although don’t take them to heart too much , as well , it’s the internet : a place for disgruntled people ) , and at least you can ask the production company for insight to that . ask them how they handle when mistakes happen . if they say they never do , they’re lying . you want people who will communicate with you , even when things go wrong .

with nasa / jpl spaceflight , various us military dod facilities and software facilities , as well as experienced engineering staff , brimrose technology offers customer - designed unique special products such as passive ir ugs : spot ( silhouette profiling optical tripwire ) , aotf swir hyperspectral imagers , uav aotf swir imagers , ied detection platforms , optical limiters , room temperature mir lasers , thermoelectric generators , and special ao / eo crystal growth to meet the most demanding commercial and defense specifications .

because the “unreal tournament” game was required in order to download and play the red orchestra mod , tripwire could not sell the game to players . another prize from the competition was free licensing rights to use the engine tools that created “unreal tournament . ” at the time , the cost to license the unreal engine was $ 350 , 000 . to create the original mod , all the team had to pay for was a $ 10 copy of the “unreal tournament” game .

after seeing empire strikes back at the age of six , rodrigo knew exactly what he wanted to be – a wookie ! after being relentlessly mocked by his peers , he decided on the next best thing , a special effects artist . after saving his pennies , he was accepted to the school of hard knoxs , in which he is still a full time student . before devoting his work full - time to tripwire media as a 3d animator , rodrigo served as lead character animator at opus animation in winnipeg on feature films .

i don ' t want to string anyone along here , but let ' s not harp on her minor credentials . while they struck a chord in some people , joining the chorus of citizens at fever pitch won ' t fix equifax ' s systems that are baroque and in need of fiddling on a scale we haven ' t seen b4 . it ' s important to note that the movement of filing key lawsuits will work in unison and reach a crescendo at some point . the drum beat of progress will necessitate major reforms that will even the score and serve as the prelude for improved security . the measure of any company in a situation like this is whether they change their tune and raise the bar , or have their finale .

do you like their previous work ? this one may seem like an obvious one , but you’d be surprised how many people don’t properly vet a production company before working with them . check out their website , vimeo , youtube , etc . and see what work they’ve done . you don’t have to know why you like something to like something . it doesn’t have to be a carbon copy of what you need but it should be stuff you like , whether it looks good or tells a good story , or you find yourself entertained or engaged with it . it also helps to see if they’ve done a variety of work , to make sure if they can cater to anyone’s needs , rather than their preferences . if all they have on their sites are mostly skateboard videos , you may be getting something that feels like a skateboard video .

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if you are interested in working with me as a student , see my grad info page for graduate students . note that i have limited bandwidth because of my administrative duties , so students working with me need to be very motivated and self - directed .

here is a " genealogy " of my 23 graduated phd students . eight of the 23 have gone into academic positions , and several of them have produced ph . d . grads of their own .

here i ' ve listed the students whose names you might find on research papers or software products out of my research projects . it is not a complete list of all the notable students who have worked with me , because the list would be too long to contain them all !

an ms thesis student , who worked with me in access control and trusted computing environments . she is a senior engineer with qualcomm in california .

hira received his phd in 1991 . he is now working at advanced communication systems ( formerly telcordia ) . his dissertation , towards automatic debugging of computer programs , was done as part of the spyder project in the serc . hira ' s co - advisor was richard demillo .

mohammed received his phd in 2015 , and was co - advised by mike atallah . his disserttion was on techniques and formalisms for using deception in cyber defense . he is now a member of the faculty at king saud university .

jeff wast in cs , co - advised by saurabh bagchi . he graduated in 2017 and is now at northrop grumman . his thesis was on using deception to protect patching against reverse engineering .