Archives for December 2008
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The hedge fund, Tiger Global Management has sold 27 percent of the leading Russian online portal, Mail.ru to the company’s shareholders, Digital Sky Technologies and Naspers, reported business newspaper Vedomosti. The stake could have been sold for a total of approximately $400 million. Update: Naspers reported that it paid $101 million for a 10% stake [...]
Discover Christmas and New Year holidays by browsing through our Search Cloud on www.quintura.com! We wish you a Merry Christmas and Happy New Year!
According to a registration statement (S-1) filed with the Securities and Exchange Commissions (SEC) on December 23, the leading Russian investment bank Renaissance Capital is sole underwriter of a $460 million initial public offering of shares of FriendFinder Networks, an adult-oriented content and online community network of sites and media properties including Penthouse. When ONEXIM [...]
We at Quintura would like to introduce top 10 Russian internet startups of 2008. The list includes startup internet companies from Russia, which launched new online services and raised venture capital funding in 2008. 1. WomanJournal.ru, leading women-centric online site, raised EUR 6 million from Ventech Capital, XAnge Capital and AGF Private Equity. 2. KupiVIP.ru, [...]
Volga River One Capital Partners, a private equity fund that is advised by N.R. Growth Consulting (NRG), has acquired a blocking minority stake in Ufanet, a broadband telecom operator in the Republic of Bashkortostan and Orenburg region of Russia, through a new share issue. The amount of investment is not disclosed. Ufanet, which has 250,000 [...]
The smile of Kseniya Sukhinova of Russia has spoken a thousand words to a worldwide TV audience of over 1 billion as Kseniya was crowned Miss World 2008 in Johannesburg, South Africa last Sunday. Having been crowned Miss Russia 2007, Kseniya Sukhinova, 21 is a model at Point agency in Moscow.
In December 2007, Quintura was named the Alternative Search Engine of the Year 2007 by AltSearchEngines.com. Today, Charles Knight, the editor of AltSearchEngines, has named Quintura a Top 10 Alternative Search Engine of 2008. Charles Knight explains: “When you search with Quintura, you see a two-dimensional (i.e. not a list) tag cloud. The other words [...]
Should you happen to be in Moscow for New Year, please join me to celebrate at Shop&Bar DENIS SIMACHEV. The theme of the upcoming celebration is “Gypsy“. BTW, Shop&Bar DENIS SIMACHEV has a blog on http://denissimachev.blogspot.com/ Denis Simachev blogs himself on Vogue.ru
The Russian Venture Company (Российская Венчурная Компания or RVK), the Russian state venture company that acts as a fund of funds, has announced it has completed funding to 4 venture capital funds in 2008. RVK invested a total of 4.8 billion rubles for 49 percent equity in each fund’s capital. So far, RVK helped to [...]
The Walt Disney Company has announced it is going to acquire 49 percent in a joint venture with Media-One Holdings of Russia to launch a Disney-branded free-to-air TV channel in Russia in early 2009. Media-One owns and operates 30 regional TV stations in Russia which are currently affiliated with various TV networks or programmed locally. [...]
It’s not been long since the latest rumor when Mikhail Prokhorov, the founder and owner of the ONEXIM Group of Russia, was going to acquire Forbes. Now, Mikhail Prokhorov is a top 10 billionaire blogger according to Forbes. ONEXIM recently acquired a nanotechnology company from Europe-based venture capital funds and helped to set up its [...]
The largest Japanese advertising group Dentsu has announced that the company acquired its Russian partner agency, Smart Communications (SC), from Video International (VI) and established Dentsu-Smart. The new joint-venture will be managed by Dentsu through a Dutch holding company where it will own 51 percent. Dentsu-Smart will be one of the leading full-service advertising agencies [...]
Today, we are announcing new tools and features of our hosted, visual-based site search and analytics solution, Quintura Site Search. The new features, which shall help online publishers to boost Click-Through-Rates (CTR) on both banners and search result links, include: – Search Cloud Images: a new interface enables web publishers to embed images and banners [...]
Moscow Venture Fund, a $30 million venture capital fund that is managed by Allianz Rosno Asset Management, has invested more than $5 million for an additional 24 percent stake in Tvigle (Tvigo Entertainment), a producer and distributor of content for Internet TV and mobile entertainment, reported business newspaper Kommersant. In November 2007, the Allianz Rosno-managed [...]
Group M, which is part of WPP Group, reported their forecasts for the advertising market in Russia in 2009. The Russian advertising market will drop 11 percent to 244 billion rubles ($8.7 billion) in 2009, according to business newspaper Kommersant. The online contextual advertising is the only advertising market segement in Russia that will increase [...]
Having recently introduced SMS payments for premium features, the leading Russian social networking site, Odnoklassniki.ru, reportedly tested contextual advertisement services from Google AdSense and Yandex.Direct. The contextual ads brought in $0.3 million revenues to the site in Q1 2008. Apparently, it was not enough. Begun, which Google recently failed to acquire for $140 million, has [...]
While making a search on Technorati tonight (on Moscow time), I have noticed a lot of changes in the Technorati’s interface of search engine results page. Technorati’s homepage has also changed. It’s easier to read. Just a few hours ago, it was an “old” Technorati blog search that we all know it. Now, it’s got [...]
In 2004, two Russian physicists who were working in a lab at Helsinki University of Technology in Finland founded a company to continue developing a revolutionary technology in gallium nitride (GaN)-based Light Emitting Diodes (LEDs). Back in 1990s, the founders Vladislav Bougrov and Maxim Odnoblyudov were PhD students of the Nobel prize winner in physics, [...]
This has been the only music I ever mentioned here on this blog. It was more than a year ago when it’s becoming a European dance music sensation. And now, it has won MTV Russia Music Awards 2008 in the nomination “Debut“. The award ceremony took place in Moscow on November 28. Please, welcome DJ [...]
An interesting story about the founder of the leading Russian social networking site, Odnoklassniki.ru, has been uncovered today by business newspaper Vedomosti. The newspaper obtained the documents that a UK-based i-CD Publishing had accused Albert Popkov, the founder of Odnoklassniki.ru, in copyright infringement and breach of contract. i-CD Publishing wanted to obtain ownership, assets and [...]
When some of the major Western venture capital funds are slowing down their investment activities, their Russian VC counterparts are going ahead with their investments. Troika Venture Fund, a new venture capital fund managed by Troika Capital Partners (part of the leading Russian investment banking group Troika Dialog) is completing three investment deals for a [...]
In difficult economic times, we keep paying more attention to what is most important in our lives including our children. Our search engine for kids, Quintura Kids gets a new design for the winter season. We have also updated the site index and populated the initial Search Cloud on the site with graphics to make [...]