East-West Digital News

Founded in 2011, East-West Digital News is an online resource dedicated to the Russian high tech industry — providing fresh news, market research and business consulting services. Its news service and publications were suspended in 2022 as a consequence of Russia’s war on Ukraine and the subsequent international isolation.

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ChronoPay owner Vrublevsky pleads guilty in cyber attack case, court extends detention

November 2, 2011

Moscow city court confirmed almost two months of extended detention for prominent Russian Internet businessman Pavel Vrublevsky, who is expected to be held until December 23. The court has rejected an appeal filed by Vrublevsky’s attorneys to release the entrepreneur on bail for 30 million rubles, a sum of almost $1 million. Vrublevsky, 32, was …

ChronoPay owner Vrublevsky pleads guilty in cyber attack case, court extends detention Read More

Mail.ru Group to offer MMORPG Dofus to Russian gamers

November 2, 2011

French computer game publisher Ankama Games and leading Russian Internet company Mail.ru Group are about to launch a Russian version of ‘Dofus,’ a massively multiplayer online role-playing game (MMORPG) that has attracted dozens of millions of users across the globe since it was released in 2005. A beta version of the Russian language game has …

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Yandex rated 5th most popular global search engine

November 1, 2011

Russia’s top Internet search portal Yandex, which outstrips Google on the domestic market with a 62% market share, has been ranked fifth on a global list of Internet search properties prepared by the US research firm comScore, reported news agency RIA Novosti.

UK online invoicing startup Tradeshift nabs $17 million in funding led by Russian funds

October 31, 2011

British electronic invoicing startup Tradeshift announced last week it had secured $17 million in funding led by Russian venture funds Ru-Net and Kite Ventures, Tradeshift co-founder and CEO Christian Llang reported in the company’s blog. Existing Tradeshift investor British fund Notion Capital also took part in the round of funding to increase its stake in …

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UK based cloud service ThinkGrid secures investment from Runa Capital

October 28, 2011

Runa Capital, a Moscow based venture fund, announced yesterday it has invested in ThinkGrid, a UK headquartered global cloud company which defines itself as “a channel-focused vendor providing turnkey worldwide infrastructure and a control panel platform that allows IT solution providers to become cloud service providers and to offer IT services from the cloud in …

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Samsung smartphones to feature Yandex search and preinstalled Yandex apps

October 27, 2011

As early as next month, Yandex services for mobile devices will come preinstalled on all Samsung Bada-powered smartphones sold in the CIS countries, the Russian search giant announced on Tuesday. In addition to the Yandex search engine, the agreement with Samsung will include the preinstallation of Yandex.Maps, Yandex.Mail, Yandex.Metro, Yandex.Market, and a number of other …

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Moscow startup aims to become Russia’s LastMinute.com

October 26, 2011

Muscovites can now easily escape the noise and pollution of the Russian capital for a spontaneous week-end trip thanks to Travelata.ru, a new website specializing in short range impulse travel that launched its beta version on Monday. The site offers tours on weekends or short holidays in Russia, near abroad countries like Turkey or Latvia …

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Russian state invests in US clouds

October 26, 2011

Russian Venture Company (RVC), the state owned fund of funds dedicated to innovation, announced last week it has been an indirect participant in a $250 million series B financing for Dropbox, a leading US cloud storage startup. The investment was made through Institutional Venture Partners XIII (IVP), a prominent later stage venture capital and growth …

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Rostelecom considers acquisitions in CIS countries

October 26, 2011

Russia’s national telecom operator Rostelecom is interested in acquiring mobile operators in Russia’s neighboring countries, Alexander Provotorov, the company’s president, said yesterday during informal remarks given at the ITU Telecom World 2011 forum in Geneva. “There isn’t much left to buy in Russia, so we are looking at CIS countries,” news agency RIA Novosti quoted …

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MTS acquires pay TV and telephony service operator in Tatarstan

October 25, 2011

MTS, a leading Russian mobile operator, announced today it has acquired TVT, a leading provider of cable TV and fixed broadband services in the republic of Tatarstan. The purchase price amounted to $162.9 million, in addition to $17.1 million in net debt assumed by MTS. “The acquisition allows MTS to strengthen its leadership position in …

MTS acquires pay TV and telephony service operator in Tatarstan Read More

Russian VoIP service Sipnet stronger than Skype on the domestic market

October 25, 2011

Sipnet, a Russian VoIP service provider, reached a 52% share of the Russian VoIP market in 2010 in value, according to J’son & Partners, a telecom market research and financial consulting firm operating in Eastern Europe. Skype held second place in Russia with a 32% market share. The total market size for VoIP doubled since …

Russian VoIP service Sipnet stronger than Skype on the domestic market Read More

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