EPAM Systems Enters Oil Rich Kazakhstan With Surprise Acquisition

Files under: Enterprise, News
Posted by: Yakov @ 07:47 [3. 04. 08]

The Eastern Europe and Russia’s largest software development outsourcing services provider EPAM Systems agreed to acquire Plusmicro, a leading ERP software development and services company in Kazakhstan in all-share deal. The deal is the first ever cross-border software company acquisition in Kazakhstan, the largest Central Asian country known for its vast mineral resources and not […]

Will Nokia or Nuance Buy STC in a Play for Speech Recognition Market in Russia?

Files under: News, Tech
Posted by: Yakov @ 13:25 [21. 03. 08]

Quadriga Capital Russia, a Russia-based private equity fund managed by Quadriga of Germany is negotiating a sale of its 35% stake in Speech Technology Center (STC), a St.Petersburg-based developer of speech recognition technologies, says business daily newspaper Kommersant. The acquisition could value STC at over $100 million. The leading mobile phone maker Nokia and speech […]

Lenovo to Acquire Rover Computers in Russia for $100 Million?

Files under: News
Posted by: Yakov @ 13:02 [17. 03. 08]

Rover Computers, the leading Russian maker of notebook computers, flat screens, smart phones and other computer hardware, is in talks with Chinese computer manufacturer Lenovo on a possible strategic investment that could value Rover at $100 million, reports business daily Kommersant. The company is also in intensive discussions with several private equity groups in […]

Eastern Europe: Internet Deal Round-Up

Files under: News, Web 2.0
Posted by: Yakov @ 15:15 [4. 03. 08]

Warburg Pincus consolidates Czech and Slovak web portals, Arca Capital invests in Czech online retailer, and IBS Company buys majority of elearning solution vendor.
Centrum.cz, the leading Czech web portal controlled by the private equity group Warburg Pincus acquired the leading Slovak web portal Atlas.sk for more than EUR 20 million from EPIC Holding. The merged […]

Russian LinkedIn Founders To Score Big With “Closed World” (MirTesen)

Files under: News, Web 2.0
Posted by: Yakov @ 16:20 [3. 03. 08]

The Russian financial group Finam has agreed to invest some $5 million in exchange for a controlling stake in MirTesen.ru (”Closed World”) in Russia that develops an online social network where you can meet people based on their location on Google Maps. Finam will try to leverage its investment in MirTesen with ones into a […]