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Archives for October 2010

IT Territory Founder to Pocket $85 Million from Mail.ru Group IPO

Files under: News, Web 2.0
Posted by: admin @ 02:21 [29. 10. 10]

Igor Matsanyuk, founder of online and casual games company IT Territory, will receive up to $85 million from a sale of his 1.6 percent stake in Mail.ru Group at London IPO, according to newspaper Vedomosti. The paper said that Igor Matsanyuk invested just $0.3 million in IT Territory six years ago, which will imply over [...]

Wired Named Quintura Kids “Must Have” iPad App for Elementary School

Files under: Mobile, News, Quintura Search
Posted by: admin @ 04:17 [28. 10. 10]

GeekDad, popular blog at Wired, has named must have list of iPad apps for primary school education (children between ages 5-12 years). Don Donahoo says about Quintura Kids app: “This app is a search engine designed specifically for children. It is the perfect tool to start teaching children digital literacy skills and the ideas around [...]

Baring Vostok Capital Partners to Invest $80 Million in ER-Telecom

Files under: News
Posted by: admin @ 02:00 [28. 10. 10]

Baring Vostok Capital Partners (BVCP)-managed Baring Vostok Private Equity Fund IV has agreed to invest $80 million in exchange for a 10% equity stake in ER-Telecom, the largest Russian regional “triple-play” telecom operator, reported newspaper Vedomosti. The investment valued ER-Telecom at 13 to 16 times annual EBITDA, the newspaper said. Founded in 2001, ER-Telecom has [...]

Mail.ru Group to Seek Value of $5.7 Billion at IPO

Files under: News
Posted by: admin @ 13:58 [25. 10. 10]

The largest Russian Internet company Mail.ru Group has set the indicative price range for its upcoming IPO in London. The company set the price at between $23.70 and $27.70 per Global Depositary Receipt (GDR). Mail.ru Group will offer 3.03 million new ordinary shares in the form of GDRs. In addition, 28.59 million ordinary shares in [...]

Russian Social Network Vkontakte.ru Valued at $1.5 Billion

Files under: News, Tech, Web 2.0
Posted by: admin @ 06:27 [25. 10. 10]

// Mail.ru Group, which plans to sell shares at a London IPO, will invest some of the proceeds from IPO into increasing its stake in the leading Russian social network Vkontakte.ru. Mail.ru Group, which already owns social network Odnoklassniki.ru, plans to acquire an additional stake in Vkontakte, valuing it at $1,500 million, reported Vedomosti.ru Mail.ru Group [...]

3TS Cisco Growth Fund invests $4.3 Million in online insurance service Rankomat.pl

Files under: News
Posted by: admin @ 08:28 [21. 10. 10]

The leading Polish online insurance aggregation service Rankomat.pl will receive 12 million Polish zlotys ($4.3 million) from 3TS Cisco Growth Fund, announced 3TS Capital Partners and Cisco. The investment for a minority stake will be disbursed over the next 12 months. Founded in 2008, Rankomat.pl is the largest online insurance aggregator in Poland with a [...]

Mail.ru Group IPO to Raise $500 Million for up to 15% Stake

Files under: News, Tech
Posted by: admin @ 03:38 [11. 10. 10]

Mail.ru Group announced its plans to raise $500 million at IPO in London Stock Exchange in November 2010. Mail.ru plans to sell between 10 percent and 15 percent of existing shares to investors, according to Reuters. The IPO will imply valuation of  Mail.ru Group at over $3.3 billion, making it the largest publicly-listed European Internet [...]

The Leading Russian Social Games Company i-Jet to Raise $20 Million

Files under: News, Web 2.0
Posted by: admin @ 16:02 [10. 10. 10]

The leading Russian social games publisher i-Jet Media is raising $20 million funding for a 25 percent stake in the company, reported newspaper Vedomosti. Some 75 percent of the funds to be invested into purchasing game development studios in different countries, while 25 percent – into buying out a minority stake from the founders of [...]

Russian Scientists Won The Nobel Prize in Physics 2010 for Graphene

Files under: News, Tech
Posted by: Quintura @ 09:32 [6. 10. 10]

Two Russian scientists have won the Nobel Prize in Physics 2010 for their discovery of Graphene, a highly efficient conductor of heat and electricity. 2010 Nobel Laureates in Physics Professors Andre Geim and Konstantin Novoselov, who have Dutch and U.K. citizenship, respectively, work in the University of Manchester, UK. The prize amount is SEK 10 [...]

Quintura Debuts Visual Search Apps for Android

Files under: Mobile, News, Quintura Search, Tech
Posted by: Quintura @ 07:57 [6. 10. 10]

Our kids-friendly visual search app Quintura for Kids is released in the Android Market. The app is available in English and Russian. Quintura offers the first mobile visual search engine designed specifically for kids. Quintura Kids utilizes touch-based screen of Android-powered phones using tag (word) cloud search. The Quintura visual search engine helps to educate [...]

Ukrainian-American Face Recognition Startup Viewdle Raises $10 Million

Files under: News, Tech, Web 2.0
Posted by: Quintura @ 02:47 [6. 10. 10]

Initially developed in The Cybernetics Institute in Kiev, Ukraine, facial recognition technology startup Viewdle has raised $10 million in Series B funding round from Best Buy, BlackBerry Partners Fund, Qualcomm and initial investor Anthem Venture Partners. Viewdle‘s downloadable software Viewdle Desktop instantly tags your friends and uploads all of your photos and videos to Facebook [...]

Afisha – Rambler to Acquire Afisha.ua in Ukraine

Files under: News
Posted by: Quintura @ 02:18 [6. 10. 10]

ProfMedia-owned united company of entertainment content publisher Afisha and Rambler online portal is going to acquire Ukrainian entertainment portal Afisha.ua from Bigmir-Internet / KP Media of Jed Sunden, reported Gazeta.ru. Launched in 2002, Afisha.ua offers electronic version of Afisha magazine and city entertainment guide in major Ukrainian cities: Kiev, Kharkov, Donetsk and Zaporozhye.  Afisha.ua has [...]

Mail.ru Group to Begin IPO Roadshow in October

Files under: News
Posted by: Quintura @ 00:41 [6. 10. 10]

Mail.ru Group, which plans to hold a London IPO in 2010, will begin a pre-marketing for its IPO next Monday, reported newspaper Vedomosti. Two weeks later, Mail.ru Group will start IPO roadshow, the newspaper said. Mail.ru Group owns the leading Russian online portal Mail.ru, social network Odnoklassniki.ru and instant messaging service ICQ. According to Vedomosti, [...]

Visual Search App Quintura Kids Is Released for Ovi Store (Nokia)

Files under: Mobile, News, Quintura Search, Tech, Web 2.0
Posted by: Quintura @ 02:37 [1. 10. 10]

Our kids-friendly search app Quintura for Kids is released for Ovi Store, app store operated by Nokia, world’s largest mobile phone maker. Ovi Store has more than 2 million app downloads per day and growing. Quintura offers the first mobile visual search engine designed specifically for kids. Quintura Kids utilizes touch-based screen of Nokia phones [...]