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Archives for October 2008

Odnoklassniki.ru Shows New Ways To Monetize Social Networks

Files under: News, Tech, Web 2.0
Posted by: Quintura @ 21:05 [31. 10. 08]

If you can’t monetize your online traffic yourself, then bring in a guy who could replicate a previous successful experience in it. When the leading Russian social networking site Odnoklassniki.ru recently hired a new CEO, the market was wondering what he would do first. In fact, the answer’s easy. Previously, he worked at online dating [...]

1C Company Acquires Avalon Game Studio

Files under: News, Tech, Web 2.0
Posted by: Quintura @ 14:52 [30. 10. 08]

Having acquired computer game publisher BUKA for $80 million last July, the largest Eastern European computer and video game publisher 1C Company obtained a 40% share of the Russian game publishing and distribution market valued at $400 million per year. Today 1C Company announced it acquires Avalon Style Entertainment, a Russian game studio known for [...]

Property Search Engine Properazzi Is Now Enormo

Files under: News, Tech, Web 2.0
Posted by: Quintura @ 00:58 [30. 10. 08]

It’s not often when a web startup drops its name, unless something important happens. The real estate search engine Properazzi has changed its name to Enormo, CEO Yannick Laclau announced on his blog. The new name “better reflects the mission of what we do“, Yannick wrote regarding the name change. Founded in 2006, Enormo has [...]

Quintura Site Search To Reach Major U.S. Women-Centric Web Sites

Files under: Enterprise, News, Quintura Search, Tech, Web 2.0
Posted by: Quintura @ 22:05 [29. 10. 08]

Having become a major site search solution provider for women-centric websites in Russia, Quintura Site Search now reaches more than 5 million monthly site visitors in the country. Quintura‘s visual-based site search is being used by major online lifestyle sites such as Passion.ru, Cosmo.ru, LeLuxe, and Portal-Woman.ru. They will be soon joined by Ameno.ru, Bazaar.ru [...]

Begun Offers New Way To Monetize Photo Sharing Sites

Files under: News, Tech, Web 2.0
Posted by: Quintura @ 17:36 [29. 10. 08]

Having escaped from Google’s acquisition, the leading Russian contextual advertising company Begun continues offering new ways to monetize multimedia online content. In June 2008, Begun launched video contextual advertisements via Begun.VideoContext that were first introduced on video sharing online community Rambler Vision. Now the company is launching a new monetization option for photo sharing websites [...]

Mangrove Capital Invests In Russian Online Shopping Club

Files under: News, Tech, Web 2.0
Posted by: Quintura @ 11:58 [27. 10. 08]

When it comes to online shopping in Russia, the venture capital investors are looking for proven business models and projects that can generate revenues from the very beginning. The largest Russian online shop Ozon.ru, which often called ‘Russian Amazon’, has raised $18 million from Index Ventures and the others. I recently suggested that for an [...]

Why FAS Refused Google’s Acquisition Of Begun

Files under: Inside View, News, Tech
Posted by: Quintura @ 01:20 [24. 10. 08]

Rambler Media, which operates one of the most popular Russian internet portals Rambler, has announced that the Russian Federal Anti-Monopoly Service (FAS) refused Google‘s application to acquire 100% of Russian contextual advertising company Begun. Rambler Media, which owns 50.1% of Begun, agreed to sell the company to Google for $140 million last July. Google had [...]

Trio Of French VC Investors Funds Russian Women Site

Files under: News, Tech, Web 2.0
Posted by: Quintura @ 06:11 [22. 10. 08]

// The European venture capital investors are going across the border and scouting for opportunities outside of their home markets, the ones that have proven business models and success stories. Take auFeminin.com, a women-centric network of sites with over 20 million monthly users founded in France in 2001. It was valued at EUR 284 million [...]

Quintura Awarded First Patent; Launches Site Search In U.S. Market

Files under: Enterprise, News, Quintura Search, Tech, Web 2.0
Posted by: Quintura @ 22:07 [21. 10. 08]

I am glad to announce the launch of Quintura Site Search into the U.S. market today and the awarding of the first U.S. patent. We raised a new funding from Mangrove Capital Partners last month to scale the site search business. Quintura Site Search is a hosted site search, analytics and monetization solution for online [...]

Yandex Acquires Display Ad Firm Mediaselling

Files under: News, Tech, Web 2.0
Posted by: Quintura @ 23:49 [20. 10. 08]

The leading Russian search engine and Internet company Yandex has acquired the business assets of display advertising sales house Mediaselling, Yandex announced on its corporate blog. As a result of the deal, Yandex also gained display ad targeting and planning solution for online publishers. Mediaselling, which employs staff of 30 people in Moscow, was set [...]

Mail.ru Turns 10; Reports 50+ Monthly Users

Files under: News
Posted by: Quintura @ 06:35 [16. 10. 08]

The leading Russian internet company Mail.ru turned 10 on October 15, 2008, the company announced. Mail.ru received a telegram from Dmitry Medvedev, President of Russia who congratulated its staff on the 10th anniversary. Started as a web mail service, Mail.ru now also operates some of the most popular online services in Russia such as instant [...]

Russian-Founded Widget Provider Scores New Funding

Files under: News, Web 2.0
Posted by: Quintura @ 02:24 [15. 10. 08]

The brainchild of a Russian-born engineer Lev Walkin, social widget provider JS-Kit, has received $3.6 million Series B funding from Altos Ventures and previous investor The Entrepreneur’s Fund III (TEF3), Khris Loux, CEO of JS-Kit announced on its blog. The company previously raised $1.2 million in August 2007 . Started as a JavaScript comment widget [...]

Rambler Launches Massive Ad Campaign

Files under: Inside View, News, Tech, Web 2.0
Posted by: Quintura @ 00:03 [14. 10. 08]

Having agreed selling contextual ads service Begun and outsourcing the most of its search engine activities to Google, the leading Russian internet company Rambler Media is launching a massive outdoor and television advertising campaign with a goal of doubling its current daily audience and becoming number one online destination in Russia within one year. Rambler‘s [...]

Fast-Growing Yandex Postpones IPO

Files under: Enterprise, News, Search Cases, Tech
Posted by: Quintura @ 17:02 [11. 10. 08]

The leading Russian search engine Yandex has reached 50 million searches per day, the company announced on its corporate blog. This number includes searches made on Yandex partner sites Mail.ru, Tut.by, Quintura.ru, and others that use Yandex.XML to power search results. This will imply that Yandex run rate of monthly searches has increased to 1.5 [...]

Quintura Site Search To Join EconWomen Conference

Files under: Enterprise, News, Quintura Search, Web 2.0
Posted by: Quintura @ 14:05 [11. 10. 08]

I am delighted to announce that Quintura Site Search is joining the EconWomen conference in New York on October 29 as one of the sponsors. The conference, which is organized by ContentNext Media, will focus on key strategic issues surrounding the economics of women-centric digital media. The agenda includes spotlight Q&A sessions with top executives [...]

Aureos Central Asia Fund Invests In Ala TV

Files under: News, Tech
Posted by: Quintura @ 15:34 [10. 10. 08]

Aureos Central Asia Fund (ACAsF), which is managed by private equity firm Aureos Capital, has invested $5 million in the Kyrgyz cable television company Ala TV, the fund announced on its corporate web-site. Founded in 1999 as a joint venture between Metromedia International Group and local partners, Ala TV is a broadband operator that provides [...]

Kaspersky Lab To Do Equity Placement

Files under: Enterprise, News, Tech
Posted by: Quintura @ 01:12 [10. 10. 08]

The leading Russian internet security and antivirus software vendor Kaspersky Lab plans to do a private placement of equity to finance potential acquisitions, reported business daily newspaper Kommersant. By attracting external investors, the company shall also become more transparent to large enterprise customers. Credit Suisse is expected to manage the equity offering that could happen [...]

Access Industries Invests In Telematics Service AutoLocator

Files under: Enterprise, Mobile, News, Tech
Posted by: Quintura @ 13:34 [9. 10. 08]

The U.S.-based industrial group Access Industries, which invests in natural resources, chemicals, telecoms, media, and real estate, has acquired a majority stake in the Russian telematics pioneer AutoLocator. Founded in 2000 by Megapage wireless system distributor, AutoLocator was the first company in Russia to launch vehicle anti-theft systems utilizing both radio and GPS/GSM location systems [...]

eHouse Acquires Online Shop 003.ru

Files under: News
Posted by: Quintura @ 00:20 [9. 10. 08]

The Russian online consumer shopping holding eHouse has acquired 003.ru, online shop that sells consumer electronics and home appliances, from Marta holding, reported CNews. Through the acquisition, eHouse becomes the leader in online shopping in Russia. According to analyst estimates, the deal is valued at $10 million. Founded in 2000, 003.ru is Russia’s second largest [...]

Russian Software Market To Double To $7 Billion in 2009

Files under: Enterprise, News, Tech
Posted by: Quintura @ 08:36 [8. 10. 08]

According to a recent research from ISDEF (Independent Software Developers Forum), the Russian software market was valued at $3.7 billion in 2007. The enterprises accounted for 65% of total sales. The rest was divided between the state companies (25% of total sales) and consumers (10% of sales). The market is expected to grow to $5 [...]

First Content Delivery Network Launched In Russia

Files under: Enterprise, News, Tech
Posted by: Quintura @ 11:50 [7. 10. 08]

When the Russian internet population approaches 40 million monthly users and rich media services become very popular, the market certainly needs its own content delivery network (CDN) to optimize performance such as load speed, etc. of online services. The CDN potential customers include media publishers, software distributors and multimedia content providers. To meet the increasing [...]

Leading Russian IPTV Developer Receives Investment

Files under: Enterprise, News, Tech
Posted by: Quintura @ 09:15 [7. 10. 08]

The leading Internet protocol television (IPTV) software and hardware developer Elecard Devices has received $10 million in a form of convertible loan from Slaviansky Bank, reported business daily newspaper Kommersant. The funds will be invested into expanding sales in the U.S. and South East Asian markets. The company expects to complete a financing round in [...]

Google Experiences Delays With Begun Deal In Russia

Files under: News, Tech
Posted by: Quintura @ 00:48 [6. 10. 08]

The acquisition of contextual advertising firm Begun by Google was expected to be completed in September 2008. According to business daily newspaper Vedomosti, the consideration of the deal by the Federal Antimonopoly Service (FAS Russia) has been postponed until October 22. The newspaper found out that FAS requested some additional documents from the sellers to [...]

Mail.ru Co-Owner Naspers Acquires Hungarian Online Auction Site Vatera.hu

Files under: News
Posted by: Quintura @ 15:34 [5. 10. 08]

The Hungarian online auction site Vatera.hu has been acquired by a principal shareholder of the leading Russian web portal Mail.ru in one of the biggest financial deals in Hungarian Internet history, the financial news site Portfolio.hu reported. Mail.ru recently postponed its London-based IPO until 2009 after Digital Sky Technologies obtained a majority stake in the [...]

Early Stage Alternative Fund Invests In E-Learning Service Competentum

Files under: Enterprise, News, Tech
Posted by: Quintura @ 18:23 [4. 10. 08]

The venture capital fund, Early Stage Alternative Fund, which is managed by Svarog Capital Advisors (formerly Renova Capital), has acquired a blocking minority stake in e-learning solution and content provider Competentum, the company recently announced on its corporate web-site. According to business daily newspaper Kommersant, the fund paid just under $10 million for a 35% [...]

Martinson Trigon Exits Reksoft Via Sale To TechnoServ

Files under: News, Tech
Posted by: Quintura @ 22:28 [2. 10. 08]

The 2nd largest Russian IT service company TechoServ A/S has acquired 74% shares in outsourcing software provider Reksoft from Estonian venture firm Martinson Trigon Venture Partners (MTVP) and the Reksoft management. The management retained the remaining 26% shares in the company. According to the Russian business daily newspaper Vedomosti, the value of the acquisition was [...]