VTB Capital Asset Management announced last week it has invested in COMDI, a leading player on the Russian video conferencing market. Founded in 2009, COMDI specializes in web conferences as well as online training and broadcasts. Before this round of financing, COMDI was funded by its founders and an undisclosed business angel.
The Russian post discovered and shut down a “scheme of illegal importation via the postal service” in late May. Several major online retailers were discovered to be using postal designated ‘M-bags’ to ship clothes and shoes, the postal operator reported. According to the Universal Postal Convention, M-bags, an economical international shipping format, can only be used …
Asos and Tommy Hilfiger distributors caught in alleged shipping fraud Read More
EPAM Systems, an offshore software developer with major R&D centers in Russia, Belarus and Ukraine, has informed the US Securities and Exchange Commission that it plans to launch an IPO, reported Russian daily Vedomosti on Thursday.
YEES 2011, a collaborative Russian-US forum dedicated to modern entrepreneurship and innovation techniques took place in Moscow last week. The forum gathered over 50 speakers from venture funds, scientific circles, government agencies as well as tech firms and Internet startups. Among them were high level representatives from Cambridge University, Google and Intel Capital as well …
International browser game leader Bigpoint and LSE listed Mail.Ru Group have announced that they will soon begin offering some of each other’s games on their respective portals. Mail.ru users will be able to find renowned Bigpoint games as Farmerama, DarkOrbit, Seafight or Battlestar Galactica Online and Bigpoint users will be able to access Russian award …
Match made in heaven for game makers Bigpoint and Mail.Ru Group Read More
The client base of Tricolor TV, Russia’s leading satellite TV provider, rose by 10% between January and April 2011, reaching 8 million subscribers with 85% purchasing TV packages., The company expects to increase its subscriber base to 10 million households by the end of 2011, announced Tricolor TV General manager Vyacheslav Mordachev last week.
During a visit to Kazan yesterday, Google Russia representative Vladimir Dolgov praised Tatarstan for its Internet penetration rates, which stand among the highest in Russia. Having noticed the large quantity of schools with Internet connections and local WIFI hotspots, Dolgov said that Tatarstan “has all the necessary foundations for further development of Internet and online …
Tartarstan confirms momentum on Russian Internet scene Read More
Leading Russian mobile operator MegaFon announced on June 10 that it has acquired NetByNet, a fixed broadband Internet, digital TV and IP telephony operator. The value of this transaction is approximately $270 million with the final amount depending on financial performance of the company in 2011, MegaFon explained.
Russia now has its own collaborative content discovery service for the Web, SurfingBird.ru. The site, inspired by the StumbleUpon concept, appeared just weeks ago and is still in the beta phase. Its distinctive ‘share’ button has begun spreading among Russian websites including some important ones like RuTube.ru, the top Russian video hosting service.
Among IT job seekers living in Moscow and St. Petersburg, 55% contemplate leaving the country, while 22% have already taken some concrete steps in that direction. Another 6% do not intend to leave because they do not believe they will find a job abroad, according to a recent poll by Ancor, a major recruitment company …
3 out of 4 Russians seeking IT jobs see better prospects abroad Read More
The European Business Angels Association (EBAN) announced last week that its 2012 congress would be held in Russia, reports Allventure.ru, a website published by the Russian Private Equity and Venture Capital Association (RVCA).
Pirated software accounted for 65% of the volume of all software units installed on PCs in Russia for the year — down 2% from 2009 but nevertheless representing a commercial value of approximately $3 billion, reports Business Software Alliance (BSA) in its 2010 report on global piracy.
