Porgnoz, a software developer based in Perm, has plans to hold its IPO on the New York Stock Exchange in 2014, according to the Russian company’s press office.

Sergei Shestakov, who is the deputy CEO of Prognoz, previewed these plans to the media at the end of May. At the time, he said that the company was planning an IPO in the next five years.

Prognoz mainly operates in Russia, but caters to plenty of foreign clients.

It has offices in nine countries, including the United States, Canada, Belgium, China, Zambia, and some C.I.S. countries.

Sales revenue to International Financial Reporting Standards (IFRS) grew 55 percent in 2012 to USD125 million.

According to the SPARK database, LL Prognoz Management, a wholly owned subsidiary of Belgium’s Prognoz Systems SPRL, owns 95 percent of Prognoz.