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Archives for January 2010

Vitaly Petrov (Vyborg Rocket) Becomes First Russian Formula One (F1) Driver

Files under: News
Posted by: Quintura @ 12:04 [31. 01. 10]

The 25-year-old Vitaly Petrov (Виталий Петров), who was runner up in the GP2 series in 2009 and known as “the Vyborg rocket”, has become the first Russian driver to compete in Formula One (F1). Vitaly Petrov will race for the Renault F1 Team alongside Robert Kubica of Poland, the team announced. Vitaly Petrov’s debut in [...]

Cocktail to Friend is Most Popular Russian Social Network Application

Files under: News, Web 2.0
Posted by: Quintura @ 08:56 [28. 01. 10]

The Russian social network application on Vkontakte.ru when a user can send a virtual cocktail to a friend called “Cocktail to a Friend” (Cocktail2Friend) has become the most popular social network application in Russia. Vkontakte is Russia’s #1 social network with over 59 million registered users. It released API for social games and other applications [...]

Google Reaches 10% of Russian Contextual Advertising Market

Files under: News
Posted by: Quintura @ 06:21 [28. 01. 10]

The Russian contextual advertising market was up 13% year-on-year to 9.61 billion Rubles ($302 million) in 2009. Yandex holds 78% of the market, ahead of Begun with 11% share and Google with 10% share. Due to Ruble devaluation, the contextual advertising spending in USD were actually down from $344 million in 2008 to $302 million [...]

Mangrove Capital, ABRT Invest Several Million in Drimmi, Russian Social Games Co.

Files under: News, Tech, Web 2.0
Posted by: Quintura @ 04:16 [25. 01. 10]

The Russian social games market has grown to $30 million in 2009 from almost zero in 2008. The half of the market is currently taken by Vesely Fermer (Cheerful Farmer), the most popular game on Russia’s leading social network VKontakte. On one hand, such a game generates about $1 million per month. On the other [...]

GTA 4 and The Sims 3 in Top 10 Searches in Russia in 2009

Files under: News, Search Cases, Tech
Posted by: Quintura @ 15:41 [19. 01. 10]

The leading Russian search engine Yandex, which holds over a half of Russian searches, has released a list of top searches (Zeitgeist Russia) in 2009. The searches for GTA 4 and The Sims 3, which are the names of the computer games GTA 4 released by Rockstar Games and The Sims 3 released by Electronic [...]

Allianz Rosno Invests $5 Million in Seismo-Shelf

Files under: News, Tech
Posted by: Quintura @ 07:14 [19. 01. 10]

Allianz Rosno Asset Management venture capital fund New Technologies has invested $5 million in sea seismic survey technology company Seismo-Shelf, the asset management company reported. Based in St. Petersburg, Seismo-Shelf (Сейсмо-Шельф) offers integrated software and hardware complex for seismic survey of the sea shelf called “dense seismic on sea floor“. The technology was developed in [...]

Accel Partners, Mangrove Capital, Others Invest $20 Million in Russian Online Shopping Club KupiVIP.ru

Files under: News, Web 2.0
Posted by: Quintura @ 04:41 [18. 01. 10]

The online shopping club KupiVIP.ru, which is operated in Moscow by Privat Trade Ltd and organizes designer brand online sales in fashion and fashion accessories with large discounts off boutique prices, has raised $20 million in the third round of funding, KupiVIP.ru CEO Oskar Hartmann reported. The round was led by Accel Partners. Previous investors [...]

Forbes and Axel Springer Russia Win Forbes.ru Domain Name Suit

Files under: News
Posted by: Quintura @ 13:26 [15. 01. 10]

Forbes Media and Axel Springer Russia, the Russian wholly-owned subsidiary of Axel Springer of Germany that publishes the Forbes magazine and Forbes Online in Russia under license from Forbes Media, have won a law suit for the Forbes.ru domain name. The current holder of the domain name will have to pay $300,000 to the suitors, [...]

C-Media Acquires Online News Aggregation Service Newsland

Files under: News
Posted by: Quintura @ 07:27 [15. 01. 10]

The entertainment magazine publisher C-Media is completing acquisition of online news aggregation service Newsland.ru from founder Mark Fedin. The deal was first announced by C-Media last November. Founded in 2006, C-Media publishes both own magazine titles iVAN and  “Папарацци” (Paparazzi) and licensed titles EMPIRE and CAR as well as web-sites i-Worker.ru, Paparazzi.ru and Hi-Fi.ru. The [...]

Bioprocess Capital to Invest $18 Million in Incurion venture with Cleveland BioLabs

Files under: News, Tech
Posted by: Quintura @ 07:23 [12. 01. 10]

Russian venture capital fund Bioprocess Capital Ventures has agreed to invest $18 million for a 50% stake in the Incuron joint venture with Cleveland BioLabs, the companies announced on December 30, 2009. The joint venture, Incuron is going to develop the Curaxin compounds for cancer applications. Cleveland BioLabs agreed to transfer rights to its pipeline [...]

Avatar Breaks Russia Box Office Records

Files under: News
Posted by: Quintura @ 04:19 [11. 01. 10]

Since release of Avatar in Russia last December, I have watched the movie twice, both in 3D. I shall also go to IMAX movie theater in Moscow to watch it again. According to industry sources, Avatar has broken Russia box office records. Avatar Russia box office reached over $62 million in the beginning of January. [...]

UFG Private Equity Buys Out KinoStar Cinema Chain from National Amusements

Files under: News
Posted by: Quintura @ 01:13 [11. 01. 10]

Russian private equity firm UFG Private Equity together with Shari Redstone has bought out Rising Star Media that operates Kinostar De Lux chain of movie theaters in Russia from National Amusements, Inc and Soquel Ventures of Paul Heth. KinoStar De Lux cinema chain includes six multiplex movie theaters with a total of 74 screens in [...]

Top 10 Russian Venture Capital Internet Deals in 2009

Files under: News, Tech
Posted by: Quintura @ 09:59 [1. 01. 10]

Top 10 Russian venture capital internet deals in 2009: 1. Digital Sky Technologies (DST) invested $400 million for a 5 percent stake in the largest global social network compay Facebook over the year. 2. Leading Russian online portal Mail.ru acquired online games group Astrum Online in cash and share deal in December 2009. 3. Digital [...]