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Archives for January 2011

Social Music Service Rdio Funded by Mangrove Capital

Files under: News, Web 2.0
Posted by: admin @ 07:54 [28. 01. 11]

The leading European early-stage venture capital firm Mangrove Capital Partners has invested in Rdio, new social music service of Skype founders Janus Friis and Niklas Zennströmn, wrote Mangrove partner Mark Tluszcz on his Twitter account. Launched in June 2010, Rdio (from Radio and Audio) was funded by Atomico, venture capital firm of Janus Friis and Niklas [...]

Yandex to Acquire OpenID login service Loginza

Files under: News, Tech, Web 2.0
Posted by: admin @ 05:26 [27. 01. 11]

The leading Russian search engine Yandex has acquired OpenID login service Loginza, according to Yandex blog. Apparently, the Loginza founder decided to accept an offer from Yandex as opposed to raising venture funding for the project. The deal amount, which was not disclosed, is believed to be less than $1 million. Launched in April 2010, [...]

Mangrove Capital Backs SaaS Startup SohoOS

Files under: Enterprise, News, Tech, Web 2.0
Posted by: admin @ 03:07 [27. 01. 11]

The leading European early-stage investment firm Mangrove Capital Partners has invested $1.75 million in SaaS provider of business management tools, SohoOS. The company offers its services for free to small and micro business owners. Mangrove partner Michael Jackson joined SohoOS‘ Board of Directors. Founded in 2009, SohoOS is based in Tel Aviv, Israel and New [...]

General Atlantic to Acquire 20% of Kaspersky Lab for $200M+

Files under: News, Tech
Posted by: admin @ 15:41 [19. 01. 11]

Global growth private equity firm General Atlantic has agreed to acquire a stake in Russian IT security software vendor Kaspersky Lab, said its Chief Operating Officer Eugene Buyakin to newspaper Vedomosti. The stake is purchased mostly from Natalya Kaspersky, one of the founders of Kaspersky Lab. General Atlantic could have paid more than $200 million [...]

Yandex Reports 2010 Revenues of $410 Million

Files under: News, Search Cases, Tech
Posted by: admin @ 11:56 [19. 01. 11]

The leading Russian search engine and contextual advertising provider, Yandex reported 2010 revenues of 12.5 billion Roubles (US$ 410 million), up 43% year-on-year from 8.7 billion Roubles in 2009, the company said. The leading Internet advertising company in Russia, Yandex has managed to outgrow the Russian internet advertising market that increased almost 40% last year. [...]

Update: Mitsui to Acquire 15% in Russian Instant Payment Provider Qiwi for $150M+

Files under: News
Posted by: admin @ 12:15 [18. 01. 11]

The leading Japanese conglomerate Mitsui & Co. has acquired a 14.9% stake in Russia’s largest payment systems operating company Qiwi, the company announced. Mitsui purchased the shares in Qiwi from the management of the company and Mail.ru Group (formerly, Digital Sky Technologies (DST)). Mitsui will help Qiwi expand its instant payment services globally, specifically in [...]

RUSNANO Invests $150 Million to Acquire 25% of Plastic Logic

Files under: News, Tech
Posted by: admin @ 06:41 [18. 01. 11]

// The Russian Corporation of Nanotechnologies (RUSNANO), which recently agreed to put $250 million in EuroTech Transfer Fund, has invested $150 million in exchange for 25% stake in U.K. and U.S.-based plastic electronics technology development and production company Plastic Logic, reported newspaper Vedomosti. The funds will be used to set up a production facility for [...]

Russian Sergey Glazunov Earned $20K from Google for Finding Bugs in Chrome

Files under: News
Posted by: admin @ 06:09 [13. 01. 11]

// Google has awarded its first “elite” Chromium Security Reward of $3,133.7 to Sergey Glazunov from Russia for finding a critical bug such as “stale pointer in speech handling” in Chrome browser. This bug and other ones were fixed in a recent release of Chrome. Over the past year Sergey Glazunov has collected a total [...]

Russian Nikolay Abkairov Founded Qik Bought by Skype for $150 Million

Files under: Mobile, News, Tech, Web 2.0
Posted by: admin @ 04:29 [12. 01. 11]

// Zelenograd, Moscow region Nikolay Abkairov used to manage VoIP technical teams for embedded software developer Spirit DSP. In 2006, Nikolay Abkairov together with former Oracle executives Bhaskar Roy and Ramu Sinkara founded Qik, mobile video streaming service. The trio raised angel funding from Vijay Tella (formerly from Oracle and founder of TIBCO) who became [...]