- MyOffice closes St. Petersburg and Innopolis growth facilities, transferring remaining workers into Kaspersky Lab’s Moscow workplace after restructuring
- Guardian firm New Cloud Applied sciences restated its 2025 accounts in June 2026, elevating the web loss from 4.02 billion to eight.82 billion rubles, roughly $107 million, whereas income halved to about 1 billion rubles
- Kaspersky Lab, which owns 68.8%, has moved the asset to “gradual burn” mode, with its CEO saying publicly that import substitution doesn’t work within the workplace phase
Russia’s flagship try to interchange Microsoft Workplace has closed the workplace the place the product was truly constructed.
MyOffice, developed by New Cloud Applied sciences, has reportedly closed its St. Petersburg and Innopolis growth facilities, based on information outlet Vedomosti (in Russian), which spoke with present and former staff.
CEO Vyacheslav Zakorzhevsky confirmed a number of workplaces had closed with out saying which of them, and mentioned that remaining workers had moved to the Moscow workplace of the corporate’s controlling shareholder, Kaspersky Lab, within the Olympia Park enterprise heart.
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After 4 years in a captive market, a state mandate, and no Microsoft to compete with, MyOffice nonetheless managed to lose two factors of market share, and its financials counsel a possible long-term rout for the software program firm.
The numbers in MyOffice’s case are probably probably the most damning right here; its web loss for 2025 was 8.82 billion rubles (roughly $107 million), a sevenfold improve over the earlier yr.
It is very important observe that this follows a June 18 2026 resubmission of its accounts for the yr, which greater than doubled its reported loss (RU) from 4.02 billion rubles to its present degree; a lot of this was as a result of impairment losses on the corporate’s intangible property (software program).
This was considerably prompted by the corporate, which is majority-owned by Kaspersky Labs (68.8%), because it reduce on a number of companies and merchandise, lots of which have been quietly discontinued as a part of a restructuring that additionally noticed it lay off staff in a bid to stability its books.
This consists of a number of merchandise that kind the spine of its software program choices: Mailion, MyOffice Mail, Squadus, and Paperwork On-line, which noticed growth suspended at the same time as present deployments have been sustained.
On the St. Petersburg Worldwide Financial Discussion board, the CEO of Kaspersky Labs, Eugene Kaspersky, instructed TASS that the asset was loss-making and had been moved to what he referred to as “slow-burn mode”, with growth funding minimize. Product growth and assist, he mentioned, would proceed at a lowered degree. He went additional than the financials required, stating that import substitution doesn’t work within the workplace phase.
It is a damning verdict for a corporation that’s 24.96 billion rubles in debt to its major shareholder, up 33% during the last yr.
Regardless of having probably the most good set of situations, together with Microsoft formally withdrawing from the home market amid lawsuits and a authorized mandate from the state for native our bodies and demanding infrastructure operators to function home software program solely, MyOffice didn’t handle to show its windfall to its benefit; its product share of the home market truly shrunk from 5% to three% (RU) in 2025. Its retreat is solely the results of its failure to make folks use its merchandise regardless of the aggressive benefits it was provided.
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