Fujitsu’s subsidiary PFU Limited recently acquired up to a 5% stake in Abbyy, a world-renowned Russian provider of document conversion, data capture, and linguistic software and services. The information, which has since been confirmed by Abbyy, was first revealed last week by Russian business daily RBC Daily. The amount of the deal remains undisclosed, but experts …
Fujitsu subsidiary acquires minority stake in Abbyy Read More
The Russian state owned fund of funds Russian Venture Company (RVC) announced last week it had participated indirectly in a $40 million round of financing for One Kings Lane, a leading US flash sales site on the home furnishings market. The investment was made through Institutional Venture Partners XIII (IVP), a prominent later stage venture …
Russian Venture Company invests in US home decor site One Kings Lane Read More
DST Global, the top Russian international investor in Internet assets, and Silver Lake, a global leader in private investments in technology, announced last week their commitment to invest in Alibaba Group, a premier Chinese technology company. This is the second investment from DST this year in Chinese e-commerce. In March, the fund took part in the third …
DST and Silver Lake invest over $1.6 billion in Alibaba Group Read More
Nokia Siemens Networks and Micran, a Tomsk based Russian producer of microwave telecommunication and measurement equipment, finalized their joint venture agreements on Monday to locally produce LTE base stations. The share split in the JV will be 75%-25% in favor of Nokia Siemens Network.
Russian early stage venture fund Runa Capital shook hands with the Skolkovo Foundation, the state-owned organization leading the completion of the major innovation hub on the outskirts of Moscow, reported Russian business daily Vedomosti. The deal outlines provisions for Runa to collaborate with Skolkovo over the next three years and invest $5 million into the projects …
Venture fund Runa Capital to pour $5 million into Skolkovo projects Read More
Rostelecom and Intel signed a memorandum of understanding last week for the joint design and production of end user broadband Internet connection devices. Based on Intel technology, the devices will be commercialized in Russia under the Rostelecom’s brand.
German business software giant SAP, which dominates the Russian ERP market with a whopping 50.5% market share, plans to invest €1 billion in Russia and the CIS markets by 2015, Frank Cohen, the President of SAP EMEA, announced at a news conference on Tuesday.
Russia’s Mail.ru Group, which leads the Russian-speaking Internet in terms of traffic, plans to double the number of developers working on its own Internet search mechanism, Russian business daily RBС reported on Tuesday, based on information provided by Mail.ru Group. Mail.ru plans to increase its share of the Russian Internet search market in the future, …
Mail.ru doubles investments in its own search engine Read More
Mail.ru Group co-founder Yuri Milner intends to sell a portion of his shares in the LSE listed group for $60.7 million, Bloomberg reported yesterday. While the shares are currently offered on the stock exchange at $34 to $35.25 apiece, the valuation of Milner’s share offer is based on the September 19 close of $35.72 per …
Milner seeks to sell Mail.ru Group shares for $60.7 million Read More
VimpelCom, a leading Russian mobile operator and international telecom company, intends to abandon its project for the creation of a mobile digital television system on the DVB-H standard, Vedomosti reported last week. Among the main obstacles to developing the business have been regulatory complications – including licensing issues as well as equipment use authorizations – …
VimpelCom to drop DVB-H project due to regulatory complications Read More
Yandex announced today that it has launched a Turkish version of its search engine along with a range of other services created specifically for web users in Turkey – including webmail, news aggregation and automated translation services. Until now, the Turkish market has been dominated by search giant Google, with a market share exceeding 93% …
Irkutsk regional Vice President Viktor Nechayev made a series of announcement last week at the Baikal Economic Forum regarding the forthcoming development of innovative industries – including IT – in the region. Among the projects under consideration is a local venture fund with the participation of state-owned fund of funds the Russian Venture Company. Other …
