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Archives for September 2009

Naspers Acquires Leading Brazilian E-Commerce Group BuscaPe

Files under: News
Posted by: Quintura @ 11:18 [29. 09. 09]

Naspers, which owns a 43% stake in Russia’s leading online portal, Mail.ru, has acquired 91% shares of leading Brazilian e-commerce group BuscaPé.com for $342 million. Being the owner of the leading pan-European e-commerce platform Allegro and Ricardo (Tradus), Naspers obtained a diversified e-commerce business in Latin America. Started as online comparison shopping business in 1999, [...]

Trivon (Virgin Connect) Acquires UnitLine WiMAX Operator

Files under: Enterprise, News
Posted by: Quintura @ 15:17 [28. 09. 09]

Trivon Group, which operates Virgin Connect in Russia, has acquired MediaSeti, wireless broadband telecom operator of UnitLine network in Russia, from the telecom group Effortel, reported Vedomosti.ru. According the newspaper, the deal is valued at about 250 million Rubles ($8 million). UnitLine provides WiMAX services to corporate customers in ten regions of Russia. Its annual [...]

Rambler Turns 13 Years Old

Files under: News
Posted by: Quintura @ 05:51 [27. 09. 09]

One of the leading Russian search engines, Rambler turned 13 years old on September 26. Rambler was first launched to public in autumn 1996. Here is a screenshot of the original Rambler homepage of that time.

Half Of Seedcamp Week 2009 Winners Come From Eastern Europe

Files under: News
Posted by: Quintura @ 06:09 [25. 09. 09]

Out of six winners of European startup program, Seedcamp Week 2009, three ones come from Eastern Europe: Branient (Romania), Codility (Poland) and Erply (Estonia). Each winner received $50,000 investment for 5%-10% of the company. Seedcamp Week 2009 selected 6 winners out of 21 finalists from about 1,500 applications. Here are the winners. Branient is a [...]

Onexim Group of Mikhail Prokhorov Acquires NBA Team Nets

Files under: News
Posted by: Quintura @ 13:19 [24. 09. 09]

The Russian billionaire Mikhail Prokhorov‘s Onexim Group agreed to invest $200 million and make certain contingent funding commitments to acquire 80 percent of the NBA team, Nets and 45 percent of Barclays Center arena in Brooklyn, New York, the future home arena of Nets as well as the right to purchase up to 20 percent [...]

Oleg Tinkov Sold Tinkoff Restaurants Via Twitter

Files under: News
Posted by: Quintura @ 07:17 [24. 09. 09]

The Russian entrepreneur Oleg Tinkov, who is known as Russia’s “Richard Branson“, has sold the remaining majority stake in his beer restaurant chain Tinkoff Restaurants to private equity fund Mint Capital. The transaction was first announced by Oleg Tinkov on his Twitter account. Just a month ago, he first revealed via his Twitter account that [...]

Russia’s Largest Bank Sberbank Purchases Golden Share at Yandex

Files under: News
Posted by: Quintura @ 15:52 [23. 09. 09]

On its 12th birthday, the leading Russian search engine company, Yandex announced that it has issued a priority (“golden“) share to Russia’s largest bank, Savings Bank of the Russian Federation (Sberbank) for the nominal par value of EUR 1. As a result, Sberbank has rights to veto accumulation of stakes in Yandex N.V., owner of [...]

RUSNANO To Invest $5.5 Million In UV Printer and Ink Company Sun

Files under: News, Tech
Posted by: Quintura @ 06:01 [23. 09. 09]

The Russian Corporation of Nanotechnologies (RUSNANO) agreed to invest ca. $5.5 million (166 million Rubles) in exchange for a 25 percent stake in Sun, a Russian manufacturer of UV and solvent printers and ink. The investment will be used to upgrade and expand production of printers and ink and for working capital purposes. The other [...]

S-Group Ventures Invests $2 Million in Nano-Optic Devices

Files under: News, Tech
Posted by: Quintura @ 04:46 [23. 09. 09]

Nano-Optic Devices, developer of digital planar holography technology to produce optical devices on a single nano chip, has raised more than $2 million from S-Group Ventures, according to Prime-TASS. Founded in 2007, Nano-Optic Devices employs a team of 17 scientists in offices in New Jersey, USA and Moscow region, Russia. Nano-Optic Devices’ founder and CEO [...]

Russian IT Services Market Reached $5.2 Billion in 2008

Files under: News
Posted by: Quintura @ 02:32 [23. 09. 09]

The IT services market in Russia grew 18 percent to $5,230 million in 2008, according to IDC. IT system integration and IT consulting accounted for 21.1 percent and 15.3 percent of the market, respectively. The software development market in Russia reached almost $700 million or 13.3 percent of IT services market. Top 10 IT services [...]

Spectralus Raises $3 Million from S-Group Ventures

Files under: News, Tech
Posted by: Quintura @ 01:08 [23. 09. 09]

S-Group Ventures, a 1.8 billion Ruble ($60 million) venture capital fund between Russian Venture Company (RVK) and S-Group Capital Management, has invested $3 million in Spectralus, developer of periodically poled nonlinear crystals and laser products, reported CNews. Founded in 2003, Spectralus Corporation (Спектралюс) developed a green laser microchip for use in mobile projectors. Spectralus makes [...]

Troika Invests $4.25 Milion in VidiMAX

Files under: News
Posted by: Quintura @ 04:35 [21. 09. 09]

The venture capital fund, which is managed by Troika Dialog, has invested $4.25 million for a majority stake in VidiMAX, on-demand online movie service, Troika announced on its corporate web-site. The service is expected to launch in spring 2010. VidiMAX develops a platform to distribute licensed video content over the Internet directly to end-user’s TV. [...]

RUSNANO To Invest In Nanopowder Venture With Microbor

Files under: News
Posted by: Quintura @ 13:08 [18. 09. 09]

The Russian Corporation of Nanotechnologies (RUSNANO) agreed to invest ca. $8 million (234 million Rubles) into a new nanotechnology venture with Microbor Technology. The new company will launch commercial production of cutting tools using the cubic boron nitride nanopowder (CBN) developed by Microbor. RUSNANO will also provide a $15 million (461 million Rubles) loan to [...]

Bank GLOBEX Invests In Expert Media Group

Files under: News
Posted by: Quintura @ 01:49 [17. 09. 09]

Bank GLOBEX, which’s acquired by Vnesheconombank in 2008, invested an undisclosed amount in exchange for 19.8 percent shares in publishing and research group Expert Media Holding, announced the company. The new funds will be invested into development of TV channel Expert TV. Founded in 1995, Expert is the largest weekly magazine in Russia with a [...]

Media3 To Acquire O2TV Channel

Files under: News
Posted by: Quintura @ 11:50 [16. 09. 09]

The media group Media3 has purchased a blocking minority stake in TV music and entertainment channel O2TV for about $2 to $4 million with an option to acquire a controlling stake within two years, reported Slon.ru. Launched in July 2004, O2TV has a weekly audience of 0.4 million with a total reach of 36 million. [...]

Gazprom Media To Acquire Pay TV Operator Tricolor TV

Files under: News
Posted by: Quintura @ 12:02 [15. 09. 09]

The Russian media group Gazprom Media, which acquired online video site RuTube in 2008, has agreed to purchase a controlling stake in Russia’s leading pay-TV platform Tricolor TV operated by National Satellite Company, announced the group. The deal value was not disclosed. Launched in December 2005, Tricolor TV (Триколор ТВ) has more than 5 million [...]

UFG, BVCP and Tiger Acquire 9% of Yandex for $100 Million

Files under: News
Posted by: Quintura @ 04:27 [15. 09. 09]

The consortium of private equity funds managed by UFG Asset Management, Baring Vostok Capital Partners (BVCP) and Tiger Global Management has acquired 9 percent shares in Russia’s leading search engine company, Yandex for $100 million from private investors and shareholders, reported Vedomosti. The transaction valued Yandex at $1.1 billion. The private equity funds managed by [...]

Industry Moves: Google’s Trelewicz Joins Mail.ru as Deputy CTO

Files under: News
Posted by: Quintura @ 07:47 [14. 09. 09]

Jennifer Trelewicz, who was CTO of Google Russia, has left Google to join Russia’s leading online portal Mail.ru as Deputy CTO. Jennifer was CTO of Google in Russia for two years. Before that, she worked as Director of IBM’s first R&D lab in Russia. Followed by rejection of its acquisition of Begun contextual advertising service [...]

Facebook Investor DST Merges Mail.ru and Astrum To Form Russian Online Leader

Files under: News
Posted by: Quintura @ 16:48 [9. 09. 09]

The most-visited Russian online portal Mail.ru is merging with Astrum Online Entertainment to create the leading web property in Russian internet, reports Vedomosti. The companies, which are majority owned by Facebook, Odnoklassniki.ru and Vkontakte investor DST (Digital Sky Technologies), first officially started cooperating in March 2009 by jointly promoting the massive multi-player online role playing [...]

Russia’s Evernote Gets $2M In Addition To $4.5M From Troika Dialog Fund

Files under: News
Posted by: Quintura @ 14:56 [9. 09. 09]

DOCOMO Capital, a wholly-owned U.S. subsidiary of leading Japanese telecommunications company NTT DOCOMO, has invested $2 million in addition to $4.5 million from Russian venture fund of Troika Dialog in Evernote, a Sunnyvale, California-based corporation with software development office in Moscow. The funds is used for international expansion of Evernote. Evernote allows its 1 million [...]

Yekaterinburg Regional Venture Fund Makes First Investments

Files under: News
Posted by: Quintura @ 11:49 [8. 09. 09]

Sverdlovsk Venture Fund, an Yekaterinburg regional venture fund, has invested $1.1 million (40 million Rubles) in RTs Online, a local developer and provider of online billing for municipal services including utility, telecoms and others. The fund recently invested $1.0 million (30 million Rubles) in Laser ITC, an Yekaterinburg-based developer and provider of free space optics [...]

IBS Group Sells Russia’s Largest PC Maker, DEPO Computers To Management

Files under: News
Posted by: Quintura @ 08:24 [4. 09. 09]

The leading Russian IT holding, IBS Group has announced the sale of 100% shares in computer manufacturer, DEPO Computers via a management buy-out. The deal is expected to be completed within forty-five days. The deal will allow IBS Group to focus entirely on IT services and outsourcing, software development and implementation. Founded in 1995 as [...]

Google Seeks to Move to Meaning-Based Search – Quintura Does It

Files under: Inside View, News, Quintura Search, Tech
Posted by: Quintura @ 01:58 [4. 09. 09]

Google CEO, Erick Schmidt has revealed in his recent interview to Techcrunch that Google needs to move from words to meaning, i.e. better understand search queries and return results based on meaning of the query. “We have to get from the sort of casual use of asking, querying…to “what did you mean?””, he told to [...]

Quintura Releases Search Cloud With Pop Up Search Results

Files under: News, Quintura Search, Tech
Posted by: Quintura @ 22:36 [3. 09. 09]

We have released a new design of Flash widget for Quintura Site Search. The widget looks like an interactive tag cloud. However, the site search results will pop up when users click a tag. The block with site search results is made dynamic in order to help your site users pay more attention to a [...]