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Archives for February 2011

General Catalyst Invest in Tour Flash Sales Service Ostrovok.ru

Files under: News, Web 2.0
Posted by: admin @ 05:03 [28. 02. 11]

// The idea of launching copycats of U.S. internet ventures in Russia was proven last year when Russian copycat of Groupon called Darberry was taken over by Groupon. Last summer two Russian-American entrepreneurs Kirill Makharinsky and Serge Fauget launched tour sales online service Ostrovok.ru. The service is very similar to Gilt Groupe tour flash sales [...]

Parallels Appoints New CEO; Considers IPO in 2011

Files under: Enterprise, News, Tech
Posted by: admin @ 11:53 [24. 02. 11]

Virtualization software company Parallels, which has R&D offices in Moscow and Novosibirsk of Russia, was said to be discussing IPO on NASDAQ in autumn 2011, according to newspaper Kommersant. Another fact will now imply about upcoming IPO. The company appointed seasoned executive with IPO experience, Birger Steen as new CEO. Birger took over CEO position [...]

United Media Holding (UMH) to Acquire Sports.ru

Files under: News, Web 2.0
Posted by: admin @ 08:18 [21. 02. 11]

The leading Ukrainian media group United Media Holding (UMH) has agreed to acquire a majority stake in Russian online sports portal Sports.ru from its founders, reported newspaper RBC Daily. The deal is valued at between $1.5 million and $2.5 million, according to the paper. Founded in 1998, Sports.ru is one of the leading sports news [...]

Yandex Plans $1 Billion IPO on NASDAQ in Summer 2011

Files under: News, Tech, Web 2.0
Posted by: admin @ 02:11 [21. 02. 11]

// The leading Russian search engine and contextual advertising company, Yandex plans $1 billion IPO on NASDAQ in June – July 2011, reported newspaper Vedomosti. The company hired investment banks Deutsche Bank and Morgan Stanley to manage the IPO, the paper said. The shares to be sold at IPO will come mostly from existing shareholders [...]

Russian SaaS Provider SKB Kontur Reports Sales of $76 Million in 2010

Files under: Enterprise, News, Tech, Web 2.0
Posted by: admin @ 10:13 [14. 02. 11]

The leading Russian provider of “software as a service” (SaaS), SKB Kontur has reported sales of 2.29 billion Roubles (ca. $76 million) in 2010, up 27% from 1.8 billion Roubles in 2009. Founded in 1988, SKB Kontur is the largest SaaS provider in Russia. SKB Kontur has over 1 million corporate users among small- and [...]

Mangrove Capital Backs African Mobile Betting Service Bettymovil

Files under: Mobile, News, Tech, Web 2.0
Posted by: admin @ 03:07 [11. 02. 11]

It is getting fashionable by venture capitalists to reveal new deals over Twitter. The leading European early-stage venture capital firm Mangrove Capital Partners has invested in mobile betting service Bettymovil, wrote Mangrove partner Mark Tluszcz on his Twitter. “Venture capitalists must look towards Africa….it is the real deal! (you will need to be flexible and creative)” [...]

Onexim and Sputnik to Invest $5 Million in Witology

Files under: News, Tech, Web 2.0
Posted by: admin @ 11:21 [8. 02. 11]

The Russian private equity firms Onexim Group of Mikhail Prokhorov and Sputnik Group have invested $5 million in Series A funding in Witology, which develops intellectual crowdsourcing and collective intelligence platform, according to its announcement. Witology was founded by Sergey Karelov, Chief Technology Officer (CTO) and Alexander Oslon, Chief Social Technology Officer (CSTO). The founders [...]

HipClub.ru Gets Funded by European Business Angels

Files under: News, Web 2.0
Posted by: admin @ 05:36 [2. 02. 11]

The prominent European business angel investors Javier Pérez-Tenessa (founder of online travel agency eDreams), Michael van Swaaij (former CEO of Skype) and others have invested in travel shopping club HipClub.ru. Launched in 2010, HipClub.ru offers “private sales” of discounted tours and hotel stays in Russia and abroad to its registered members. HipClub.ru was founded by [...]