East-West Digital News

Social CRM solution startup raises $500,000 from Softline Venture Partners

September 9, 2011 September 9, 2011

Softline Venture Partners announced earlier this week it has invested $500,000 in Copiny, a developer of Saas-based social CRM solutions. The fund received a 25.1% stake in exchange for the investment, Copiny General manager Dmitry Chistov told East-West Digital News. Copiny was founded just one year ago by a group of programmers from Bryansk, 379 kilometers …

Social CRM solution startup raises $500,000 from Softline Venture Partners Read More

Russian Venture Company approves two IT investment projects

September 9, 2011 September 9, 2011

The seed fund of the Russian Venture Company, a state owned venture vehicle dedicated to innovation with 2 billion rubles, or $65 million, in charter capital, announced yesterday it has approved investment proposals from eight projects, including two from the IT sector.

Ozon.ru secures record Russian e-commerce investment

September 8, 2011 September 8, 2011

Ozon.ru, one of the most established Russian e-commerce sites, has just closed a $100 million round of financing led by Ru-Net, a major Russian fund, with the participation of Index Ventures, Alpha Associates and Japanese e-retailer Rakuten. Ozon’s main shareholder to date, Baring Vostok Capital, has retained its stake in what essentially appears to be a …

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New discount aggregator to measure itself with international giants Yipit and Thedealmap

September 8, 2011 September 8, 2011

As dozens of daily deal sites do battle on one of the most competitive segments of the Russian Internet – including Groupon Russia, KupiKupon, Biglion, Vigoda.ru, WeClever.ru and KupiBonus.ru – discount aggregators are gaining momentum. Zina.ru, a particularly aggressive newcomer created this summer in just 30 days, is on the scene angling for its share, as CEO Leonid Gluzman …

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Russia invites China to join satellite Internet project

September 7, 2011 September 7, 2011

Russia has invited China to participate in a project to build a satellite system for Ka band high-speed Internet access. The offer of cooperation was announced by Deputy Minister Naum Marder during a joint Russian-Chinese meeting on communications and information technologies held in Nizhny Novgorod in late August.

IT spending by Russian government bodies set to reach $2.8 billion in 2011

September 7, 2011 September 7, 2011

A list of Russian governmental bodies ranked by their IT expenditures was published last month by CNews.ru, a resource covering the IT and telecom markets. In 2011, total spending by 71 government bodies tracked by the Ministry of Communications and Mass Media is expected to amount to 83.18 billion rubles, or $2.81 billion. Of this …

IT spending by Russian government bodies set to reach $2.8 billion in 2011 Read More

Korean venture capitalists hunt for Russian IT companies

September 6, 2011 September 6, 2011

Representatives of 15 Korean venture funds, including KDB Capital, STIC Investments Inc. and L&S Venture Capital, visited Moscow last week intending to invest up to $10 million each in local IT companies.

Web content discovery services come to the Russian Internet

September 5, 2011 December 29, 2016

In a pattern that exemplifies the booming nature of the Russian Internet, the market segment for web content discovery services – non-existent just months ago – is now rapidly filling with ambitious startups. The public beta version of Netflip.ru was launched in mid-August, not long after a comparable site, SurfingBird.ru, went online, as reported by East-West Digital …

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Rostelecom accused of misappropriating budget funds

September 5, 2011 September 5, 2011

Russia’s national telecom operator Rostelecom has been accused by the Prosecutor’s Office of involvement in the misappropriation of 300 million rubles, approximately $1 million, from the government funded Electronic Russia program.

Samsung discreetly introduces GLONASS supported navigation

September 2, 2011 September 2, 2011

Samsung is presenting its “flagship 4-inch chic smartphone,” the Wave 3, along with other new models, at IFA 2011, a global trade show for consumer electronics that begins today in Berlin. Samsung seems to be the first major international handset manufacturer to offer a mobile phone with a GLONASS+GPS supported satellite location system. But the …

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Foursquare launches versions in Russian and four other languages

September 2, 2011 September 2, 2011

US Foursquare announced yesterday it launched localized versions of its social geolocation service in Bahasa Indonesian, Korean, Portuguese, Russian, and Thai. The new versions have been made available through the company’s iPhone, Android, and BlackBerry applications as well as through its web interface. The Russian press also reported rumors that Foursquare is considering hiring a country …

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Prokhorov’s hybrid car to use Android

September 1, 2011 September 1, 2011

The manufacturer of the soon-to-be-introduced Ë-Mobile (pronounce Yo-Mobil), the much-hyped Russian hybrid car, announced it will use the Android OS to expand the car’s functions. Ë-Mobile owners will thus benefit from a range of practical and entertainment services and will keep in touch with the latest IT technologies, according to the Ë-Mobile official blog .

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