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Archives for July 2008

Liberty To Bid for $400 Million Stake in Akado

Files under: News, Tech
Posted by: Quintura @ 13:29 [31. 07. 08]

The leading Russian broadband Internet service provider and cable TV operator Akado is negotiating a sale of a 20% – 25% stake in the company to a Western private equity group or strategic investor, reported business daily Kommersant. The newspaper cities the Swedish investment fund Investment AB Kinnevik and media group Liberty among contenders for [...]

Ozon.ru, ‘Russian Amazon’ Reports Record 1H 2008 Sales

Files under: News, Tech, Web 2.0
Posted by: Quintura @ 16:21 [30. 07. 08]

The leading Russian online shop, Ozon.ru, reported sales of $45 million in 1H 2008, up 78% from 1H 2007, says Prime-TASS BIT. The sales breakdown is books (36%); consumer electronics, cameras, and mobile phones (30%); movies on DVDs and CDs (14%), rare books and items (5%), music (3%); and others (12%). Ozon.ru had 2.4 million [...]

Mail.ru To Postpone $2 Billion IPO Until 2009

Files under: News, Tech
Posted by: Quintura @ 11:53 [30. 07. 08]

The shareholders of Mail.ru decided to postpone its IPO in London until 2009, reported Kommersant by quoting the company’s CEO. This will help Mail.ru to increase its value from current $1.5 billion to $2 billion, estimated analysts. According to newspaper, Goldman Sachs will handle the IPO. Mail.ru reported the highest EBITDA margin of 64% among [...]

Russian Instant Payment Providers Merged

Files under: News
Posted by: Quintura @ 20:58 [29. 07. 08]

The newly-formed OE Investments has become the leading instant payment processing company in Russia with 47% market share, reported Reuters. The company expects revenues of $200 million on $10 billion turnover in 2008, up from $7 billion in 2007. OE Investments was created as a result of the merger of instant payment processing companies OSMP [...]

Digital Sky Technologies Consolidates 50% of Mail.ru

Files under: News
Posted by: Quintura @ 17:29 [28. 07. 08]

Digital Sky Technologies (DST), an Internet investment group run by Yuri Milner, has obtained a 50.6% majority stake in Mail.ru by acquiring an additional 15% stake in the company from Tiger Global Management, reported Vedomosti. The deal could be valued at between $180 million and $200 million. That may put Mail.ru‘s IPO plans in 2008 [...]

UFG Private Equity Acquires 50% of IPNET In Ukraine

Files under: News
Posted by: Quintura @ 12:54 [28. 07. 08]

The private equity fund, UFG Private Equity Fund I, acquired a 50%+1 stake in Industrial Media Network that operates a Kiev, Ukraine-based broadband Internet service provider under the IPNET name, reported business daily Kommersant. The deal could be valued at up to $10 million. The stake was acquired from FTH Corvette-Telecom that bought it for [...]

Finam To Acquire 50% of Deluxe Television in Germany

Files under: News, Tech
Posted by: Quintura @ 13:15 [23. 07. 08]

The Russian financial group Finam led a consortium of Russian investors that acquired a minority stake in Deluxe Television, a Munich, Germany-based broadcaster of premium music television channels with a daily audience of 5 million people, with plans to increase its stake to 50% by the end of 2008. The value of the investment is [...]

Luxoft To Become Eastern European Software Outsourcing Leader

Files under: News, Tech
Posted by: Quintura @ 00:53 [23. 07. 08]

The leading Russian outsourcing software company, Luxoft, acquired the leading Romanian telecoms software outsourcing company, ITC Networks, from the company’s management and financial investors. The acquisition shall create a new leader in software service outsourcing in Eastern Europe with more than 3,000 employees and annual run rate of over $150 million. According to business daily [...]

Gameland Acquires AllHockey.ru

Files under: News
Posted by: Quintura @ 13:12 [21. 07. 08]

The leading Russian “interest media” publisher, Gameland, acquired a popular hockey website, AllHockey.ru, for ca. $0.5 million, reported business daily Kommersant. AllHockey.ru was founded in March 2007 by a team that previously co-founded a football site, Championat.ru, now the leading Russian sports site. Championat.ru was acquired by SUP in November 2006. Gameland publishes 19 magazine [...]

UFG Private Equity Fund Sold 50% of News Media For $80 Million

Files under: News
Posted by: Quintura @ 11:46 [21. 07. 08]

The private equity fund, UFG Private Equity Fund I, sold its 50%-1 stake in News Media, the publisher of weekly tabloid Zhizn and video news portal Life.ru, for $80 million to entities close to National Media Group, reported business daily Kommersant. UFG agreed to invest $40 million for its stake in News Media in April [...]

Will Facebook Acquire Vkontakte?

Files under: News
Posted by: Quintura @ 10:13 [19. 07. 08]

Financial Times is reporting that the leading U.S. social network Facebook is suing the German social network, StudiVZ, for “copying the look, feel, features and services” of the Facebook site. PaidContent.org is asking if others will follow. The leading Russian social network, Vkontakte.ru, which has 14.7 million registered users and 500 – 600 million daily [...]

Finam To Earn One Hundred Times Cash Invested In Begun

Files under: News, Tech, Web 2.0
Posted by: Quintura @ 16:27 [18. 07. 08]

Rambler Media, which operates Russia’s 5th leading site Rambler.ru, agreed to sell its Russian contextual advertising company, Begun, for $140 million to Google as well as to outsource search and contextual advertising on its web properties to Google. As a result of the deal, Google will significantly enhance its position in Russia by getting access [...]

1C Acquires BUKA For $80 Million

Files under: News, Tech
Posted by: Quintura @ 00:31 [18. 07. 08]

The largest Eastern European computer and video game publisher, 1C Company, agreed to acquire BUKA, a leading Russian computer game publisher, distributor and developer, for estimated $80 million from private equity investors Finam and Norum as well as BUKA‘s founders. Prior to acquisition, 1C was a long-term publishing and distribution partner to BUKA. As a [...]

How Long Mail.ru and Yandex Will Lead The Russian Internet Race?

Files under: Inside View, News
Posted by: Quintura @ 14:00 [17. 07. 08]

The most popular Russian web properties in June 2008 were Mail.ru with 14.7 million unique visitors, Yandex with 14.6 million, the social networks Odnoklassniki.ru – 10.6 million and Vkontakte – 9.4 million, and Rambler – 9.1 million, reported business daily Vedomosti according to TNS Web Index. Mail.ru also led the Russian market with 6.2 million [...]

Quintura Named “Top Dog” by CMSWire

Files under: News, Quintura Search, Tech, Web 2.0
Posted by: Quintura @ 13:35 [12. 07. 08]

Quintura has been named “Top Dog” in Visual Search category in a list of 75 Bleeding Edge Search Engines To Beat Google. John Conroy of CMSWire said: “Quintura provides contextual visual search, and has long been touted as a genuine contender for the next-gen search king crown..” More is on CMSWire.

New Cosmo.ru Is Powered By Quintura Search Widgets

Files under: News, Quintura Search, Tech, Web 2.0
Posted by: Quintura @ 14:52 [9. 07. 08]

The Russian Cosmpolitan magazine’s website, Cosmo.ru, has re-launched with a new design that includes Quintura search widgets – horizontal widget on category pages, for example, on Cosmo.ru/Fashion and vertical widget on article pages, for example, on article about Paris Fashion Week. The website Cosmo.ru has over 1 million unique monthly users. The widget includes “vertical” [...]

In the U.S., Quintura Beats Both Yandex and Rambler, says Compete

Files under: News, Quintura Search, Tech
Posted by: Quintura @ 22:38 [8. 07. 08]

According to Compete, a number of unique visitors to Quintura was 266 thousand in June 2008, which was higher than a number of visitors of the leading Russian search engines, Yandex and Rambler, in the U.S. The growth of Quintura‘s U.S. traffic can be attributed to the fact that Quintura started powering site search for [...]

Almaz Capital And Cisco Team Up To Invest In Russian Tech Startups

Files under: News, Tech
Posted by: Quintura @ 14:08 [4. 07. 08]

The venture capital fund, Almaz Capital Russia Fund I, which is focused on technology, media and communications startups from Russia and managed by Almaz Capital Partners, has held the first closing of $60 million out of targeted $125 million. The networking global leader, Cisco, announced it became an anchor investor into the fund to be [...]