Mail.Ru Group and VEB Innovations launch computer technology joint venture

Mail.ru Group, the LSE-listed Russian Internet giant, and VEB Innovations, a venture fund launched by Vnesheconombank in 2011 to support innovative projects, have registered a joint venture in the field of computer technologies. 

The new entity, “Razvitaya.ru LLC” is listed in official registries as a company providing, in particular, “consulting” and “works” related to “computer technologies.”

The company is co-owned by “Development.ru” (45% stake), a property of Mail.ru LLC, “OOO Mail.ru Group” (15%), and VEB Innovations (40%).

Mail.ru Group’s press service declined to answer media inquiries.

Sources: InterfaxSPARK 

Topics: Corporate, Corporate investment, Corporate R&D and innovation, News, R&D
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