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Archives for the 'Tech' Category

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 [...]

First GLONASS Phone Available at MTS

Files under: Mobile, News, Tech
Posted by: admin @ 16:36 [1. 04. 11]

The first mobile phone with GLONASS is now available. The smartphone MTS GLONASS 945 is retailing for 10,990 Roubles (ca. $388) at online shop of MTS, Russia’s leading mobile phone operator. The smartphone uses both GPS and GLONASS, the Russian global satellite navigation system. Thanks to using both systems, the phone shall have faster navigation [...]

Quintura Search Apps Available on Amazon Appstore for Android

Files under: Mobile, News, Quintura Search, Tech, Web 2.0
Posted by: admin @ 23:00 [31. 03. 11]

The Quintura search apps have been included in the Amazon Appstore for Android. Quintura offers recipe search (Q Cook), web and image search (Q Search) and kids-friendly search (Q Kids) apps for Android devices. From product description of Q Search on Amazon Appstore: “Q Search is visual search engine designed for Androids and tablets. With [...]

RUSNANO to Invest $4.5 Million in BiOptix Diagnostics

Files under: News, Tech
Posted by: admin @ 10:13 [25. 03. 11]

The Russian Corporation of Nanotechnologies (RUSNANO) has made its second investment abroad after Plastic Logic. RUSNANO led $9 million Series B funding for Boulder, Colorado-based BiOptix Diagnostics by investing $4.5 million in the round. Other investors included Boulder Ventures, Peierls Foundation, and several private investors. Founded in 2003, BiOptix Diagnostics makes label-free biodetectors. Its bio-nanosensors [...]

Android Market statistics: See Devices and Countries for Quintura Cook installs

Files under: News, Quintura Search, Tech
Posted by: admin @ 16:13 [21. 03. 11]

// With Android app stores launched by Amazon, Vodafone, MTS and others, Android Market statistics for your apps is becoming very important. The statistics of Android Market is now being updated daily with information on installs, OS versions, devices, countries and languages. Top devices for Quintura recipe search app, Quintura Cook, are Motorola Droid X [...]

Will Russia’s ZeptoLab follow Rovio to Raise Millions?

Files under: Mobile, News, Tech, Web 2.0
Posted by: admin @ 08:05 [10. 03. 11]

Forget about social game developers for a while. iPhone game makers are now the hottest property among venture capital investors. While 40 million+ users-played Angry Birds‘ developer Rovio Mobile is getting $42 million investment from Accel, Atomico, and Felicis, its Russia-based counterpart ZeptoLab (authors of very popular Cut The Rope game for iOS) shall be [...]

Software e-Sales Enabler Avangate Raises EUR 4 Million from 3TS Fund

Files under: News, Tech
Posted by: admin @ 05:05 [10. 03. 11]

3TS Cisco Growth Fund, which is managed by 3TS Capital Partners, has agreed to invest EUR 4 million in  electronic software distribution platform provider Avangate. Romania and Amsterdam-based Avangate intends to use funds to expand in the U.S. and European markets. Founded in 2005, Avangate offers electronic software distribution and partner management solutions. Avangate’s mother [...]

Automated Cars Provider Induct Raised Funding from Mangrove Capital

Files under: News, Tech
Posted by: admin @ 03:02 [9. 03. 11]

The leading European early-stage venture capital firm Mangrove Capital Partners has invested in automated cars technology provider Induct, the firm announced at 2011 Geneva Motorshow. Founded in 2004, Induct offers mobility solutions using new technologies such as embedded telematics and vehicle automation. France-based Induct projects include MODULGO (low cost urban electric vehicle designed from telematics [...]

Forbes Names Quintura Investors Top 30 Persons in Russian Internet Business

Files under: News, Tech, Web 2.0
Posted by: admin @ 03:08 [7. 03. 11]

Veeam Software and Aelita Software founders’ Andrei Baronov and Ratmir Timashev (ABRT) have been named top 30 persons in Russian internet business by Forbes Russia. Moscow Institute of Physics and Technology (Phystech) graduates Andrei Baronov and Ratmir Timashev founded vendor of MS Windows Server management solutions’ Aelita Software that was purchased by Quest Software for [...]

Russia Partners Close to Acquiring 20% of KupiVIP.ru for $40 Million

Files under: News, Tech, Web 2.0
Posted by: admin @ 01:47 [3. 03. 11]

Siguler Guff‘s Russian investment arm, Russia Partners is close to acquring a large stake in the leading Russian online shopping club KupiVIP.ru. The private equity firm Russia Partners is completing negotiations to purchase a 20 percent stake in KupiVIP for $40 million, according to newspaper RBC Daily, thus implying KupiVIP valuation of $200 million. The [...]

RU-COM’s Bright Capital to Invest in Genomatica

Files under: News, Tech
Posted by: admin @ 01:09 [3. 03. 11]

Bright Capital, the venture arm of RU-COM group from Russia, has joined $45 million investment round in sustainable chemicals company Genomatica. Other new invetsors in the round included VantagePoint Venture Partners and Waste Management. All existing investors also joined the new round such as Alloy Ventures, Draper Fisher Jurvetson, Mohr Davidow Ventures and TPG Biotech. [...]

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 [...]

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 [...]

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. [...]

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 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 [...]

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 [...]

Vitaly Petrov Signs for Lotus Renault GP; the only Russian Driver in Formula 1

Files under: News, Tech
Posted by: admin @ 03:03 [23. 12. 10]

The 26-year-old Russian driver Vitaly Petrov (Виталий Петров) also known as “Vyborg rocket”, who was the “Rookie of the Year” in Formula 1 in 2010, will remain the only Russian driver in Formula 1. Vitaly Petrov who raced for Renault F1 Team alongside Robert Kubica of Poland in 2010, has signed for Lotus Renault GP [...]

ProfMedia Invests $3.3 Million in Digital Access (ivi.ru)

Files under: News, Tech, Web 2.0
Posted by: admin @ 05:15 [22. 12. 10]

// The leading Russian media and entertainment group ProfMedia has invested $3.3 million in exchange for a 25% stake in online video content service ivi.ru owner Digital Access, reported newspaper Kommersant. The investment valued Digital Access at $10 million pre-money. The Russian online video advertising market shall reach $30 million in 2011. Launched in February [...]

Roscosmos Launches Satellite Imagery Geoportal; Rivals Google Maps

Files under: News, Tech
Posted by: admin @ 15:51 [21. 12. 10]

The Russian Federal Space Agency (Roscosmos) has launched a geoportal with remote sensing images of Earth at geoportal.ntsomz.ru. The service is similar to Google Maps but the Roscosmos geoportal’s satellite imagery will be updated much more regularly. The images, which will be acquired by Russian remote sensing satellites, are going to be updated on a [...]

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 [...]

Runa Capital to Invest in Voice-Enabled Mobile Social Net OnAir3G

Files under: Mobile, Tech, Web 2.0
Posted by: admin @ 11:05 [24. 11. 10]

The mobile Internet usage is exploding in Russia. There are over 30 million internet-enabled mobile phones currently used in the country. So, venture capital firms are seeking for the next “killer” mobile application. Runa Capital, early-stage venture capital firm that was recently created by Parallels and Acronis founder Serguei Beloussov and Almaz Capital Partners founder [...]

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 [...]

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