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Archives for November 2009

Mail.ru Reached Revenues $31 Million, 50% EBITA Margin in H1 2009

Files under: News
Posted by: Quintura @ 05:29 [27. 11. 09]

Media and internet group Naspers, which owns a 43% stake in Russia’s leading online portal Mail.ru, has reported financial results for H1 2009. Naspers said that Mail.ru reached revenues of 1,028 million Russian rubles (US$ 31.1 million) in H1 2009. It is higher than the revenues of Rambler Media of 1,019 million rubles in H1 [...]

Major Russian Women-Centric Sites WomanJournal.ru and Passion.ru to Merge

Files under: News
Posted by: Quintura @ 00:53 [27. 11. 09]

The owners of most-visited Russian web-sites for women, WomanJournal.ru and Passion.ru have agreed to merge their businesses, reported newspaper Kommersant. As a result, Passion.ru founders Evgeny and Svetlana Vysokovskiy will obtain less than 50% stake in WomanJournal.ru’s owner Milanor and receive Board of Director seats, according to Pierric Duthoit, Milanor (WomanJournal.ru) CEO. The merger will [...]

Russia.com Sold for $1.5 Million

Files under: News
Posted by: Quintura @ 09:14 [26. 11. 09]

The domain named Russia.com was sold for $1.5 million through domain name marketplace Sedo. It’s one of the largest prices paid in 2009 for domain name. The buyer was not disclosed. Launched in May 1995, Russia.com‘s owned by NewMedia Holdings, Inc. and operated under license by web consultancy Paley Media, Inc. since 2004. The site, [...]

Odnoklassniki.ru and Albert Popkov Reached Settlement with i-CD Publishing

Files under: News
Posted by: Quintura @ 02:59 [26. 11. 09]

Back in 2008, UK-based i-CD Publishing sued Albert Popkov, founder of Russia’s leading social network company Odnoklassniki.ru and the company for copyright infringement and breach of contract. Odnoklassniki.ru founder worked for i-CD Publishing before launching the social network. i-CD Publishing has reached a cash settlement with Albert Popkov and Odnoklassniki.ru, reported newspaper Vedomosti. The amount [...]

2014 Winter Olympics Logo Unveiled, Features Sochi.ru

Files under: News
Posted by: Quintura @ 04:37 [25. 11. 09]

The 2014 Winter Olympics logo will feature a .RU domain name in its logo, according to newspaper Vedomosti. It will be the first ever Olympics logo that has a domain name in the logo. The logo features words “Sochi.ru” and “2014” as well as the five Olympic rings. The colors of the words represent the [...]

Naspers to Acquire Stake in New Company of Astrum Online and Mail.ru

Files under: News
Posted by: Quintura @ 01:22 [25. 11. 09]

Federal Antimonopoly Service (FAS) of Russia has granted a permission to Naspers/MIH Group to acquire between 38% and 100% stake in online game developer and publisher Astrum Online Entertainment from DST (Digital Sky Technologies), reported newspaper Kommersant. According to the newspaper, the transactions between Naspers and DST is part of a merger between online portal [...]

Russian Forbes Publisher Acquires Russian Business of G+J

Files under: News
Posted by: Quintura @ 07:59 [24. 11. 09]

Axel Springer Russia, publisher of magazines and web-sites Russian Newsweek, Forbes Russia, Computer Bild and OK! Magazine, has acquired 100 percent of the shares in G+J Russia, the Russian publisher of G+J (Gruner+Jahr) magazine titles GEO, GALA Biografia, GEO Traveller, and GEOLenok and web-sites GEO.ru, Moi-Roditeli.ru, and MoiZvezdi.ru. The G+J titles and web-sites are transferred [...]

Online Game Developer Nival Network to Raise $5 Million

Files under: News, Web 2.0
Posted by: Quintura @ 04:38 [24. 11. 09]

Online game developer Nival Network is closing $5 million round from an undisclosed investor, revealed Sergey Orlovskiy, founder and CEO of Nival Group to Vedomosti newspaper. Nival Network is going to invest the funds into development of Prime World, online strategy game with social networking elements. Formed in September 2008, Nival Network develops, publishes and [...]

Western Business Angels Invest in WikiMart Online Shopping Mall

Files under: News
Posted by: Quintura @ 03:49 [23. 11. 09]

The group of Western business angels has invested in Russian online shopping mall WikiMart. The group included Michael van Swaaij (Skype and eBay Europe); Mark Zaleski and Robert Dighero (QXL ricardo); Suvir Sujan (founder of Baazee), Fabrice Grinda (founder of Aucland, Zingy.com, OLX.com), Alec Oxenford (founder of OLX, DineroMail.com, DeRemate.com); Jose Marin (founder of deRemate.com) [...]

Acquisition of ICQ to Make Naspers as Big as Skype?

Files under: Inside View, News
Posted by: Quintura @ 06:55 [19. 11. 09]

Adding ICQ to online instant messaging (IM) platforms and VoIP services already owned by Naspers will complement its global footprint and make Naspers one of the largest global communications companies with over 500 million users. Naspers will become as big as Skype that reported 521 million user accounts at the end of September 2009.  That [...]

Finam Ups Stake in Badoo to 20%

Files under: News
Posted by: Quintura @ 16:13 [17. 11. 09]

Russian financial group Finam has invested an undisclosed amount to exercise its option and increase its stake from 10% to 20% in global social networking site Badoo. In January 2008, Finam said it would make a $30 million investment in the site. Founded in 2006, Badoo has over 48 million users worldwide. The users come [...]

Quintura Kids Named Top 5 Search Engine for Kids

Files under: News, Quintura Search, Web 2.0
Posted by: Quintura @ 10:43 [17. 11. 09]

Our visual search engine for children Quintura Kids has been named among the Top 5 Search Engines for Kids by Pandia Search Engine News. The list of top 5  search engines for kids includes Ask Kids, Boolify, Quintura Kids, StudySearch and KidRex. Per and Susanne Koch, editors of Pandia, said about Quintura Kids: “..If these [...]

Morgenthaler Ventures Leads $10 Million Series B Investment in Evernote

Files under: Mobile, News, Tech, Web 2.0
Posted by: Quintura @ 03:58 [17. 11. 09]

One of the deans of venture capital, Morgenthaler Ventures has led a $10 million Series B round for electronic note application service Evernote, the company announced. Previous investors Troika Dialog and DOCOMO Capital, which invested a total of $6.5 million in Series A, also participated in the round. The investment will be used to expand [...]

Quintura Named Best Search Engine For English Language Learners

Files under: News, Quintura Search, Web 2.0
Posted by: Quintura @ 11:41 [13. 11. 09]

Our visual search engine Quintura has been named among the Best Search Engines for ESL/EFL Learners – 2009 by Websites of the Day blog. The list of the best search engines for English language learners includes EyePlorer, Study Search, Carrot2, Quintura, Boolify, Viewzi, Mel Zoo, and Middlespot. Larry Ferlazzo, editor of Websites of the Day, [...]

DST Exits Investment In KinoPoisk.ru To AlloCine

Files under: News
Posted by: Quintura @ 05:50 [12. 11. 09]

Leading European provider of cinema information and e-commerce services AlloCine has acquired a stake in the most-visited Russian cinema information site and search engine, KinoPoisk.ru. The 40% stake was purchased from internet investor DST (Digital Sky Technologies), reported newspaper Kommersant. According to expert valuations, the deal could be worth ca. $2 million. KinoPoisk.ru founders Vitaly [...]

ProfMedia To Purchase Remaining Shares In Rambler Media

Files under: News
Posted by: Quintura @ 08:55 [11. 11. 09]

Russian media and entertainment group ProfMedia has launched a reverse accelerated bookbuild to purchase shares in leading Russian online portal and search engine company Rambler Media. The company is listed on the Alternative Investment Market (AIM) of the London Stock Exchange. Following the completion of the bookbuild, ProfMedia may consider de-listing Rambler from AIM, the [...]

Almaz Capital Invests In Acumatica

Files under: Enterprise, News
Posted by: Quintura @ 09:07 [9. 11. 09]

Moscow and Silicon Valley-based venture capital fund, Almaz Capital Russia Fund I has made an investment in Acumatica, a web-based accounting, ERP and CRM software vendor, the company announced on its web-site. According to business newspaper Vedomosti, Almaz Capital invested several million dollars in exchange for about 20% stake in Acumatica. Acumatica, which launched its [...]