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Archives for July 2010

DST Russia Could Be Valued at $6 Billion at IPO in 2011

Files under: News, Tech
Posted by: Quintura @ 00:03 [29. 07. 10]

Digital Sky Technologies‘ Russian investment holding, DST Russia, which owns online portal Mail.ru, ICQ, majority of social network Odnoklassniki.ru and other internet assets in Russia, is expected to do IPO of between 10% and 25% of its shares in London in spring 2011, according to both WSJ and Vedomosti newspapers. DST Russia could be valued [...]

Rambler to Merge with Afisha; Has New CEO Nikolay Molibog from Afisha

Files under: News
Posted by: Quintura @ 08:26 [28. 07. 10]

Prof-Media, which owns leading Russian online portal coimpany Rambler Media and entertainment content magazine publisher Afisha, will merge the two companies. The merged company under Rambler shall have annual revenues of over $150 million and challenge the Russian Internet maket leaders Yandex, Mail.ru/DST and Google in Russia. I think that combining Afisha and Rambler would [...]

Tiger Global Acquires 40% Stake at Anywayanyday.com Online Ticket Sales Site

Files under: News, Web 2.0
Posted by: Quintura @ 05:44 [26. 07. 10]

The private equity firm Tiger Global Management acquired a 40% stake in online air ticket booking site Anywayanyday.com for $10 million, reported newspaper Vedomosti. Anywayanyday is owned by an affiliate of Valars, a major Russian grain trading company. Focused on airline ticket sales, Anywayanyday was launched in 2008. The site has 50,000 daily visitors. It [...]

Google Russian Revenues Reaches $69 Million in 2009

Files under: News, Tech
Posted by: Quintura @ 03:29 [26. 07. 10]

Google’s Russian subsdiary, which holds less than 1/3 of Russian search market, reported revenues of $69 million (2.2 billion Rubles) in Russia in 2009, wrote newspaper Vedomosti. That is ca.10% of Russian internet advertising market valued at more than $600 million in 2009. Google‘s net income in Russia reached $4 million (126 million rubles) last [...]

Russia to Create Linux-Based National Operating System

Files under: Enterprise, News
Posted by: Quintura @ 12:43 [22. 07. 10]

Russia plans to create its own national operating system (OS), said Ilya Massukh, Deputy Minister of Telecommunications and Mass Communications of Russia, as reported by newspaper Vedomosti. The OS is going to be Linux-based. The working prototype of the OS shall be available by the end of 2011. The newspaper mentioned Russian software vendors ALT [...]

Quintura Kids for iPhone, iPad and iPod Touch

Files under: Mobile, News, Quintura Search, Tech, Web 2.0
Posted by: Quintura @ 01:48 [21. 07. 10]

Quintura’s first search app for mobiles has been released. It’s a visual search engine for kids with search result links indexed by the Quintura semantic search engine and checked by our editors. Quintura‘s newest iPhone, iPad, and iPod Touch app – Quintura Kids is available at iTunes. Quintura Kids is a safe and wonderful way [...]

Odnoklassniki.ru Revenue Reached $49 Million in 2009

Files under: News, Web 2.0
Posted by: Quintura @ 01:00 [21. 07. 10]

The leading Russian social network Odnoklassniki.ru (Одноклассники) has more than doubled its annual revenues last year. The revenues of Odnoklassniki.ru reached 1,540 million Rubles ($49 million) in 2009, reported newspaper Vedomosti.  Odnoklassniki.ru net income reached 366 million Rubles ($11 million) in 2009. Founded in 2006, Odnoklassniki.ru generates revenues from display advertising, paid services, contextual links [...]

Finam Capital Invests in Banki.ru

Files under: News
Posted by: Quintura @ 03:00 [20. 07. 10]

The private equity firm Finam Capital has invested an undisclosed amount in exchange for a 30% stake in online financial informartion provider Banki.ru. The deal should be in the $1.5 million range. The funds will be used to expand the service offerings of Banki.ru. Founded in 2005, Banki.ru offers databases for bank deposits, mortgages, credit [...]

Sistema Acquires 51% Stake in M2M Telematics

Files under: Enterprise, News, Tech
Posted by: Quintura @ 02:25 [19. 07. 10]

Russia’s largest public difersified financial corporation, Sistema has acquired a 51% stake in transport telematics service provider M2M Telematics, the company announced. According to newspaper Vedomosti, Sistema paid $20 million for the stake. Sistema plans to acquire the remaining 49% stake in M2M Telematics in the next two to five years. Founded in 2005, M2M [...]

RenaultF1 Team in Moscow & KupiVIP.ru

Files under: News
Posted by: Quintura @ 01:29 [19. 07. 10]

MTS Acquires Multiregion for $123.5 Million

Files under: News
Posted by: Quintura @ 15:09 [18. 07. 10]

The leading telecoms group in Russia, Mobile TeleSystems (MTS) has acquired #4 Russian cable TV provider and broadband operator Multiregion for $123.5 million, the company announced. MTS will also assume debts totalling $94.4 million. Founded in 2004, Multiregion has 700,000 cable TV subscribers and 260,000 broadband subscribers. The company operates under the Multinex (Мультинекс) brand [...]

Naspers Invests $388 Million; Contributes 39.3% of Mail.ru for 28.7% of DST

Files under: News
Posted by: Quintura @ 02:07 [14. 07. 10]

The international Intenet media group Naspers has invested $388 million and contributed a 39.3% stake in Mail.ru for a 28.7% stake in Digital Sky Technologies (DST). The management of Mail.ru and other minority shareholders will also convert their shares in Mail.ru into shares in DST. Upon deal completion, DST will own over 99,9% of Mail.ru. [...]

eVenture Capital and Direct Group Invest in Online Shoe Store Sapato.ru

Files under: News, Web 2.0
Posted by: Quintura @ 04:41 [13. 07. 10]

// Inspired by $1 billion sale of Zappos to Amazon, the German Otto Group-backed eVenture Capital Partners and French Direct Group have invested in Russian online shoe store Sapato.ru. The deal amount should be in the $1 million range. The goal is to build #1 Russian online shoe retailer. Launched in June 2010, Sapato.ru offers [...]

VTB Capital’s Russian Navigation Technologies (AutoTracker) Completes $10M IPO

Files under: Enterprise, News, Tech
Posted by: Quintura @ 07:57 [7. 07. 10]

The leading Russian telematics company Russian Navigation Technologes has completed RUR 300 million (ca. $10 million) initial public offering (IPO) of shares on the Innovation and Growth Companies Sector (Рынок Инноваций и Инвестиций или РИИ) of MICEX Stock Exchange. The company sold to investors 3,520,000 newly issued shares (or 18.03% of the company’s share capital) [...]

ABRT Fund and Mangrove Invest in Russian Daily Deal Site KupiBonus.ru

Files under: News, Web 2.0
Posted by: Quintura @ 00:51 [2. 07. 10]

The leading Russian early-stage venture capital firm ABRT Fund and European  venture capitalist Mangrove Capital Partners have invested in KupiBonus.ru, the online site for group purchasing in health and beauty. The other investors include Direct Group and Global Buying Group. The deal amount should be in the $1 million range. Launched in July 2010, KupiBonus.ru [...]