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Archives for October 2009

Quintura Site Search Celebrates First Anniversary

Files under: News
Posted by: Quintura @ 05:34 [27. 10. 09]

Quintura Site Search has turned one year old when Google celebrated the third anniversary of its Custom Search Engine by releasing some new features last week. Unlike Google, Quintura Site Search offers a search cloud (map) of related concepts and keywords from the site. The Quintura search cloud helps to determine user intent and gives [...]

eHouse Bought Back SocNet Damochka.ru to Launch Online Shopping Club

Files under: News
Posted by: Quintura @ 13:28 [26. 10. 09]

Russian ecommerce group eHouse Holding, which sold 51% stake in Paintium, a company operating online dating and social networking site Damochka.ru and banner exchange network BannerBank for $3.3 million to Rambler Media in July 2006, has bought the online properties back from Rambler for about $0.2 million, reported CNews. Founded in 2001, Damochka.ru had 1.7 [...]

Russian Online Games Market To Hit $238 Million In 2009

Files under: News
Posted by: Quintura @ 06:34 [26. 10. 09]

The Russian online game market is expected to reach $238 million in 2009, up 29% from $185 million in 2008, according to data released by iKS-Consulting (via Prime-TASS BIT). The Russian mobile game market is valued at $87 million in 2009. MMOG will generate revenues of $210 million while casual games will generate $28 million. [...]

Yandex and Google Hold 96% Search Share in Russia

Files under: News
Posted by: Quintura @ 04:48 [26. 10. 09]

The alternative search engines held only 1.3 percent share of searches in Russia in August 2009, reported Vedomosti by citing data from comScore.  The Russian search market leader, Yandex held 54.5 percent share of searches, ahead of Google (34.5%), Mail.ru (7.4%), Rambler (1.9%) and Microsoft’s Bing (0.4%). According to comScore, there were 21.5 million search users [...]

RUSNANO and C Change To Form $1 Billion Nanotechnology Fund

Files under: News
Posted by: Quintura @ 15:12 [22. 10. 09]

Russian Corporation of Nanotechnologies (RUSNANO) will set up a $1 billion international nanotechnology investment fund, according to its corporate web-site. The U.S.-based C Change Investments has won a tender to become a Western investment partner for RUSNANO’s first international fund, reported business newspaper Vedomosti. RUSNANO and C Change are expected to put up to $500 million [...]

Quintura Site Search Named Top 10 Site Search Option

Files under: News
Posted by: Quintura @ 08:44 [22. 10. 09]

Our hosted site search service Quintura has been named a top 10 site search option by web design community DesignM.ag. The list also includes Bing Box, Eurekster Swicki, Google Custom Search, Lijit, Rollyo, SearchBlox, Sikbox, Sphere, and Yahoo! Search BOSS. Steven Snell, editor of DesignM.ag, said about Quintura Site Search: “The Quintura site search widget [...]

Interros and One Equity Partners to Form $1 Billion Fund

Files under: News
Posted by: Quintura @ 01:24 [21. 10. 09]

Russian billionaire Vladimir Potanin’s Interros and JP Morgan Chase’s One Equity Partners agreed to put $500 million each into a new $1 billion private equity fund. The fund will make expansion-stage investments in Russian companies in consumer retail, manufacturing and service sectors. JP Morgan will help the fund to secure debt financing. This is the [...]

Softline Venture Partners Invests $1 Million In Bookee

Files under: News
Posted by: Quintura @ 09:54 [15. 10. 09]

The venture capital fund Softline Venture Partners has agreed to invest $1 million in ebook online service Bookee. The investment will be disbursed over three years, Softline announced on its corporate web-site. Bookee, which is expected to launch in early November 2009, will offer ebook search and download service. The users will have to first [...]

X5 Acquired Majority in Online Retail Venture With Bolero.ru and 003.ru

Files under: News
Posted by: Quintura @ 01:00 [15. 10. 09]

Russia’s largest retailer in terms of sales, X5 Retail Group will develop its online business using experience of well-known online retailers in Russia. X5 has acquired a 51% stake in IT Business, a joint venture with the owners of online stores Bolero.ru and 003.ru, for $1 million. In addition, X5 has an option to purchase [...]

UFG And GIMV Back Leveraged Buy-Out of Easyvoyage

Files under: News
Posted by: Quintura @ 06:51 [14. 10. 09]

Leading European private equity firms UFG and GIMV have invested into a EUR 31.6 million leveraged buy-out (LBO) of French travel portal Easyvoyage. The transaction includes raising new capital and restructuring of existing capital. Founded in 2000, Easyvoyage is the largest French travel site for information and price comparison with 6 million unique monthly visitors. [...]

Yandex Launches Yandex.kz in Kazakhstan

Files under: News
Posted by: Quintura @ 05:21 [14. 10. 09]

The leading Russian search engine Yandex has launched Yandex.kz in Kazakstan. The online portal offers major Yandex services such as search, news, mail, maps, and hosting customized for local web users. With 46% share of searches in Kazakhstan through Yandex.ru and Search.Mail.ru, Yandex faces a fierce competition from Google that also has 46% search share [...]

RuTube Rolls Out In-Video Ads From Begun

Files under: News
Posted by: Quintura @ 14:15 [13. 10. 09]

The leading Russian online video portal, RuTube has started monetizing its online video content with in-video contextual advertisements from Begun, the two companies said in a joint press announcement. Founded in 2006, RuTube has over 6.5 million unique monthly visitors. The site is ranked as top 10 most visited web-site in Russia. The monthly video [...]

Industry Moves: Google Looses Product Manager To Rambler

Files under: News
Posted by: Quintura @ 03:38 [13. 10. 09]

Rambler CEO Olga Turischeva, who started in April 2009, continues building a strong management team. Max Azarov, who worked as Product Manager at Google in Russia, is joining Rambler as Director of Product Management. Max has MBA in Product Management from University of Massachusetts at Amherst and MSc in Applied Maths from Moscow Institute of [...]

TPG Capital and VTB Acquire Stake in Lenta

Files under: News
Posted by: Quintura @ 14:42 [12. 10. 09]

The private equity firm TPG Capital together with VTB Capital has acquired a 35.4% stake in Russia’s 5th largest retail chain Lenta for more than $100 million. It’s the first time TPG and VTB cooperated in the Russian private equity investment. Founded in 1993, Lenta operates 36 supermarkets in Russian cities: 14 in St. Petersburg, [...]

Russia’s “Vente Privee” Are Taking Over Online Shopping in Russia

Files under: News
Posted by: Quintura @ 12:32 [12. 10. 09]

The Russian online shopping clubs KupiVIP.ru, Collection-Privee, and others are taking over the local market when the tsar of online shopping clubs, Vente Privee is reportedly being circled by strategic buyers at a massive, $1.5 billion valuation. The online shopping club champion, KupiVIP.ru is approaching 1 million registered users. Founded in 2008, KupiVIP.ru is financed [...]

MTS To Acquire Teleforum Mobile Retail Chain in St. Petersburg

Files under: News
Posted by: Quintura @ 15:00 [10. 10. 09]

The largest mobile phone operator in Russia and the CIS, Mobile TeleSystems (MTS) has announced it acquired a 100% stake in Russian mobile phone retail chain operator, Teleforum for $11 million. MTS (МТС) agreed to pay 20% of purchase price upon closing and the remainder in 12 months subject to Teleforum’s meeting certain business performance [...]

DFJ, VTB Group and RUSNANO To Set Up DFJ-VTB Aurora Fund

Files under: News
Posted by: Quintura @ 03:10 [8. 10. 09]

The Russian Corporation of Nanotechnologies (RUSNANO) and Russia’s second largest banking holding, VTB Group agreed to set up a $100 million venture capital fund DFJ-VTB Aurora. Each party will commit $50 million to the fund to be managed by VTB Capital and DFJ. The fund will invest in nanotechnology ventures in Russia and abroad as [...]

TA Associates Acquires a Quarter of Security Software Vendor AVG for $200 Million

Files under: News
Posted by: Quintura @ 16:49 [6. 10. 09]

The growth private equity firm, TA Associates has acquired a 25 percent stake in AVG Technologies (formerly Grisoft), global security software vendor for $200 million. The stake was purchased from AVG’s shareholders, private equity and venture capital investors Enterprise Investors, Intel Capital and Benson Oak Capital. The fund managed by Enterprise Investors remains the largest [...]

DST To Raise Its Stake In Facebook To Up To 5%

Files under: News
Posted by: Quintura @ 03:10 [2. 10. 09]

The Russian investment group DST (Digital Sky Technologies), which made a $200 million investment in exchange for a 2% stake in Facebook last May, is buying up to $100 million in Facebook’s ex-employees stock, according to Reuters. DST is offering $14.77 per Facebook common share, the same price it offered last July when it bought [...]