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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First Russian low power Glonass+GPS chipsets to appear in early 2012

October 12, 2011

Geostar Navigation, a Moscow-based producer of navigation receivers for telematic services, will start mass production of a new GLONASS+GPS chipset as early as next spring. The announcement, reported by news agency RIA Novosti, was made at a press conference on Monday by NIS GLONASS General Manager Alexander Gurko. The low power chipset, named GeoC-3, will …

First Russian low power Glonass+GPS chipsets to appear in early 2012 Read More

NIS GLONASS to invest $100 million in acquisitions in Russia and abroad

October 11, 2011

NIS GLONASS General Manager Alexander Gurko announced at a press conference yesterday that his company could invest as much as $100 million dollars in acquisitions of Russian and foreign companies during this year and the next. These acquisitions will help develop new satellite-based navigation services for both the domestic and Indian consumer markets.

Yuri Milner joins US Internet stars to launch new videochat service

October 10, 2011

Yuri Milner, co-founder of the top Russian Internet fund DST, is among the investors in Airtime, a new video chat service to be created by former Napster founders Sean Parker and Shawn Fanning. The news, reported by The Financial Times last Friday, was based on exchanges with Airtime’s founders. The Airtime concept is derived from …

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Leading Russian digital marketing agency to be acquired by Ogilvy

October 10, 2011

WPP, a prominent global advertising and marketing group, has agreed to acquire – through its subsidiary Ogilvy & Mather – a majority stake in Promo Interactive, a leading Moscow-based advertising agency with a strong Internet, mobile and multimedia focus, the Russian press reported last week.

VTB Capital invests in UK data software company aiHit

October 7, 2011

VTB Capital yesterday announced it led a $5.5 million round of financing for aiHit, a London based provider of company data to the business information, market research and lead generation industries. Amadeus Capital Partners, the UK’s leading venture capital group, and several other existing investors, also took part in the deal.

Crocus to integrate IBM tech to semiconductor production in Russia

October 7, 2011

Crocus Technology, a leading developer of magnetic memory technology based in Grenoble, France, announced yesterday a joint technology development agreement and a patent license agreement with IBM to integrate magnetic technology into semiconductor products.

Vice PM sets limits on government spending for innovation

October 7, 2011

In 2012, the Russian federal government will spend 742 billion rubles on innovation, or approximately $23 billion, up from 477 billion rubles, or $16 billion, in 2010, Russian Vice Prime Minister Sergey Ivanov declared in a forum on Wednesday. “But we cannot, and must not, eternally increase state funding of innovation,” news agency RIA Novosti …

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US SaaS provider BigTime receives Runa Capital’s first investment outside Russia

October 5, 2011

Russian early stage fund Runa Capital took part in a round of financing for  BigTime, a US corporate software publisher. Along with Runa, the financiers included US and international funds LTC Partners, Geneva Venture Investment Management, Hickory Grove, and Howell Capital for a total amount of $3 million, news agency RIA Novosti reported yesterday.

DST, Silver Lake and Alibaba are jointly setting their sights on Yahoo

October 5, 2011

DST Global, the Russian investor who already owns stakes in Facebook, Groupon, Spotify, Twitter, Zynga, and other prominent web companies, could make a bid for Yahoo jointly with US high tech fund Silver Lake and China’s e-commerce giant Alibaba Group. The news was reported yesterday by Bloomberg from “three people with direct knowledge of the matter.” …

DST, Silver Lake and Alibaba are jointly setting their sights on Yahoo Read More

Fastlane Ventures launches ambitious real estate listings site

October 5, 2011

Fast Lane Ventures, a Western business incubator operating in Moscow, announced earlier this week the launch of Domgeo.ru, an online database of real estate available for purchase or rent. Domgeo’s properties come from as many as 50 agents and developers who have agreed to list their properties on the site on a pay-per-inclusion basis, the …

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Baring Vostok invests in top Russian software company 1C

October 4, 2011

Baring Vostok, a leading private equity fund operating in Russia and the CIS, has acquired a 9% stake in 1C, a top Russian publisher of enterprise software and distributor for major international software vendors.

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