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Archives for the 'Enterprise' Category

Pixonic Funded by Ventech, Kite Ventures and TA Ventures

Files under: Enterprise, Inside View, Mobile, News, Tech, Web 2.0
Posted by: admin @ 06:24 [30. 05. 11]

Social game publisher Pixonic is one of the social game publishers in Russia. It was first funded by AddVenture. The Russian leading online travel agency Oktogo.ru venture capital investor Ventech as well as Kite Ventures of Edward Shenderovich and TA Ventures of Ukraine has put $5 million in Pixonic at a valuation of ca. $10 [...]

Skype Engineers ASI Makes First Exit in Russia

Files under: Enterprise, News, Tech, Web 2.0
Posted by: admin @ 08:14 [27. 05. 11]

The Estonian Skype engineers prvate equity vehicle Ambient Sound Investments (ASI), which made its first Russian investment in Software as A Service (SaaS) inventory management software provider LogneX (Moy Sklad) in 2008, has sold its stake in LogneX to Russian ERP software provider 1C Company. In the future, 1C plans to increase its stake in [...]

Yandex IPO Creates Bonanza for Cisco Russian Fund Almaz Capital

Files under: Enterprise, Inside View, Mobile, News, Tech, Web 2.0
Posted by: admin @ 08:57 [26. 05. 11]

Almaz Capital Russia Fund I, Russia-focused venture capital fund that is backed by Cisco, shall have returned all money to investors with just two investments, fund’s Managing Partner Alexander “Sasha” Galitsky revealed on twitter. Those investments should have been made by Almaz in Qik and Yandex. Almaz‘s first close was at $60 million. Then, Almaz [...]

2GIS City Map Service Stands Against Yandex.Maps and Google.Maps

Files under: Enterprise, Mobile, News, Tech, Web 2.0
Posted by: admin @ 05:17 [19. 05. 11]

// While Yandex will go IPO on NASDAQ this month, its popular Russian online map service is being challenged by 2GIS‘ Russian city guide and map services. Being available for more than 100 Russian cities, 2GIS has released its Moscow city guide and map service. 2GIS maps and city guides include more corporate information details [...]

Skyscanner for Russia, Jizo.ru Launches with Funding from Fast Lane Ventures

Files under: Enterprise, News, Tech, Web 2.0
Posted by: admin @ 01:18 [16. 05. 11]

Aimed to be Skyscanner for Russia, Jizo.ru travel meta-search engine has launched with funding from internet business incubator Fast Lane Ventures. While Edinburg, Scotland-based Skyscanner developed its innovative proprietary search engine technology, Jizo.ru used solution from GP Solutions GmbH, a Germany/Belarus travel IT solutions company. Jizo.ru already faces competion from Russia’s leading search engine Yandex [...]

Kaspersky Lab Revenues Reached $0.5Bn+; Largest Software Company in Russia

Files under: Enterprise, News, Tech
Posted by: admin @ 03:17 [4. 04. 11]

World’s largest privately-held Internet security company, Kaspersky Lab has oficially become the largest software and Internet company in Russia. It is bigger than Yandex, which reported revenues of ca. $410 million in 2010. Founded in 1997, Kaspersky Lab reported revenue of $538 million in 2010, up 38% from 2009. The company generated revenue of $218 [...]

SaaS Online Meeting YaM Labs Gets $0.5 Million

Files under: Enterprise, News, Tech
Posted by: admin @ 12:11 [2. 03. 11]

Online meeting SaaS startup yaM Labs of Anatoly Gaverdovskiy from Russia has secured $0.5 million funding from business angel investors. The investment round was led by Foresight Ventures, according to Techcrunch Europe. Founded in 2010, yaM Labs aims to utilize a freemium model for online meetings in the cloud. Moscow-based Foresight Ventures of Vladislav Sviblov [...]

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 [...]

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 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 [...]

Yandex to Acquire WebVisor Site Analytics Assets

Files under: Enterprise, News, Tech
Posted by: admin @ 03:48 [24. 12. 10]

The leading Russian search engine Yandex has acquired the WebVisor site analytics technology and related assets for ca. $0.5 million from Visor Ltd., reported newspaper Vedomosti. The WebVisor developing team will be joining Yandex. The WebVisor analytics will be integrated into Yandex‘ own web analytics service Yandex.Metrika (Яндекс.Метрика). Launched in early 2009, WebVisor offers site [...]

Runa Capital to Invest $0.5 Million in Hivext Cloud Platform

Files under: Enterprise, News, Tech
Posted by: admin @ 04:16 [14. 12. 10]

Runa Capital, early-stage venture capital firm that was recently created by Parallels and Acronis founder Serguei Beloussov and Almaz Capital Partners founder Alexander Galitsky, has invested $0.5 million in Hivext cloud-based platform service developer Hivext Technologies. Previously, Hivext got $0.1 million funding from software distributor Softline when it won Dev Generation 2010 contest. Launched in [...]

Intel Capital Invests in Rock Flow Dynamics

Files under: Enterprise, News, Tech
Posted by: admin @ 08:38 [17. 11. 10]

The hydrocarbon reservoir simulation software vendor, Moscow-based Rock Flow Dynamics has raised $2 million from Intel Capital. The funds will be used to set up an office in Houston, USA and expand sales and marketing globally. Founded in 2005, Rock Flow Dynamics offers high performance modeling software to simulate fluid and gas filtration dynamics of [...]

Russian NGI to Acquire Major Stake in Linux vendor Mandriva

Files under: Enterprise, News
Posted by: Quintura @ 08:26 [20. 09. 10]

Russian-backed firm NGI is acquiring a controlling stake in French software vendor Mandriva in exchange for EUR 2 million investment, reported newspaper Vedomosti. Mandriva develops Linux-based open-source operating system Mandriva Linux. In 2007, Mandriva raised EUR 3 million in a round led by European private equity firm Occam Capital. Mandriva sells Linux-based products and provides [...]

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 [...]

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 [...]

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) [...]

Search Market Consolidation: Dassault Acquires Exalead, Yippy Buys Clusty

Files under: Enterprise, Mobile, News, Quintura Search, Tech
Posted by: Quintura @ 00:32 [9. 06. 10]

Exalead, the leading European search engine and search-based applications provider for buisiness users and consumers has been acquired for EUR 135 million by Dassault Systèmes, leading provider of 3D and Product Lifecycle Management (PLM) software solutions. Both 10-years old Exalead and Dassault are headquartred in France. In other recent news, Clusty, a meta-search online service [...]

Quintura Opens Up API, Launches Paid Site Search

Files under: Enterprise, News, Quintura Search, Tech
Posted by: Quintura @ 03:51 [3. 06. 10]

We at Quintura have launched paid site search for web publishers and corporate web-sites. The ad-free search is offered as “white label” hosted site search servce without search ads in SERP and logo. The site search service is available via http://affiliates.quintura.com. The  monthly site search service subscription fee depends on a number of pages in [...]

VTB Capital Invests in EPAM Systems

Files under: Enterprise, News
Posted by: Quintura @ 10:22 [12. 05. 10]

VTB Capital, the asset management arm of Russian banking group VTB, has acquired a minority stake in the largest Central and Eastern European software engineering outsourcing services provider EPAM Systems. Founded in 1993, EPAM has 90% of its 5,400+ staff located in software development centers in Belarus and Russia. The company reported revenues of $160 [...]

Quintura Releases Quintura Site Search, Version 2.0

Files under: Enterprise, News, Quintura Search, Search Cases, Tech, Web 2.0
Posted by: Quintura @ 05:07 [19. 04. 10]

We have released version 2.0 of our hosted site search service, Quintura Site Search. Based on user feedback from more than 7,000 service registrations over the past two years, we improved web-site crawling and indexing, added new search display options and improved service user interface. Being one of the major visual search engines, Quintura indexes [...]

Finnish Tieto Acquires T&T Telecom (Telecom Design)

Files under: Enterprise, News
Posted by: Quintura @ 03:55 [2. 03. 10]

Leading IT service company in Northern Europe, Tieto has acquired Russian telecom consulting and system integration company T&T Telecom (formerly, Telecom Design) from its founder and CEO, Yuri Pesnya. Tieto first partnered with Telecom Design in March 2008. Tieto paid $10 million for 100% stake in T&T Telecom valuing its at 5 x EBITDA, according [...]

Russian-Developed Nginx Takes on Google and Microsoft in Web Server Software

Files under: Enterprise, News, Tech
Posted by: Quintura @ 19:34 [23. 02. 10]

The web server software Nginx served 7.5% of top servers across all domains in January 2010, ahead of Google with 7%, according to Netcraft. Apache and Microsoft held 53.8% and 24.1% market share for top servers across all domains, respectively. Nginx has been steadily gaining market share ever since first release in 2004. The growth [...]

Parallels Raises Funding from Siguler Guff’s Russia Partners and Bessemer

Files under: Enterprise, News, Tech
Posted by: Quintura @ 17:21 [19. 02. 10]

The leading provider of automation and virtualization software for cloud services, Parallels has raised an undisclosed amount of venture capital funding from Siguler Guff‘s Russian investment arm, Russia Partners, which led the round, and Bessemer Venture Partners. Founded in 1999, Parallels has numerous sales and business offices across the U.S., Europe and Asia and significant research [...]

Quintura Releases New SEO Tool for Keyword Extraction – Quintura SEOInfo

Files under: Enterprise, News, Tech
Posted by: Quintura @ 06:54 [17. 02. 10]

The Quintura search destination on Quintura.com is very popular among Search Engine Optimizers (SEO) and Search Engine Marketers (SEM) as a visual-based keyword suggestion and research tool. Today, we released a new SEO tool – Quintura SEOInfo for keyword extraction and more that demonstrates the Quintura technologies. You can use the SEOInfo tool to extract [...]

Mangrove Capital in Love with Russia; Confirms Association with Renault F1 Team

Files under: Enterprise, News, Tech
Posted by: Quintura @ 19:24 [3. 02. 10]

The leading early-stage European venture capital firm, Mangrove Capital Partners of Luxembourg has confirmed its association with the Renault F1 Team. The firm said in its latest quarterly newsletter: “We are proud to announce our association with the Renault F1 racing team. This association will undoubtedly lead to new business development opportunities and play a [...]

Yandex Reports First USD Revenue Slide in Company’s History

Files under: Enterprise, News, Tech
Posted by: Quintura @ 06:02 [1. 02. 10]

The leading Russian search engine and contextual advertising provider, Yandex reported that its 2009 revenues were up 14% year-on-year to 8.7 billion Rubles. Due to Ruble devaluation in 2009, the Yandex revenues in USD decreased 9% year-on-year from $300 million in 2008 to $274 million in 2009. Being the leader in Internet advertising in Russia, [...]

Russian Online Display Advertising Market of $261 Million in 2009

Files under: Enterprise, News, Tech
Posted by: Quintura @ 05:12 [1. 02. 10]

The Russian online display advertising market was up 10% year-on-year to 8.3 billion Rubles ($261 million) in 2009. The car manufacturers and dealers accounted for 30% of the market spending last year, ahead of telecoms operators with 12%, according to AdWatch/Isobar. The Russian contextual advertising market was up 13% year-on-year to 9.61 billion Rubles ($302 [...]

Almaz Capital Invests In Acumatica

Files under: Enterprise, News
Posted by: Quintura @ 09:07 [9. 11. 09]

Moscow and Silicon Valley-based venture capital fund, Almaz Capital Russia Fund I has made an investment in Acumatica, a web-based accounting, ERP and CRM software vendor, the company announced on its web-site. According to business newspaper Vedomosti, Almaz Capital invested several million dollars in exchange for about 20% stake in Acumatica. Acumatica, which launched its [...]

Trivon (Virgin Connect) Acquires UnitLine WiMAX Operator

Files under: Enterprise, News
Posted by: Quintura @ 15:17 [28. 09. 09]

Trivon Group, which operates Virgin Connect in Russia, has acquired MediaSeti, wireless broadband telecom operator of UnitLine network in Russia, from the telecom group Effortel, reported Vedomosti.ru. According the newspaper, the deal is valued at about 250 million Rubles ($8 million). UnitLine provides WiMAX services to corporate customers in ten regions of Russia. Its annual [...]

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