Data storage & Data centers

Russia’s data center market to reach several hundred million USD in 2015

February 27, 2017

Russia’s young commercial data center market reached some $167 million last year with a yearly growth of over 20%, according to a report by Moscow-based consultancy Direct INFO, as reported by Russia Beyond The Headlines (RBTH). Other consultancies (PMR and J’son & Partners) have put the figures at more than $300 million. The market is being …

Russia’s data center market to reach several hundred million USD in 2015 Read More

Loyalty program, mobile payments, personal data storage: AliExpress to conquer Russian e-commerce on all fronts

February 15, 2017

Over the past few weeks, AliExpress has multiplied initiatives to strengthen its leadership on the Russian e-commerce scene. The Chinese giant has teamed up with Russian online bank Tinkoff Bank to launch a co-branded loyalty program. Associated with MasterCard credit and debit cards, this program is the first of its kind in the world, said …

Loyalty program, mobile payments, personal data storage: AliExpress to conquer Russian e-commerce on all fronts Read More

eBay and PayPal to comply with Russian personal data storage law earlier than Sept. 1 deadline

February 15, 2017

eBay has become the first US company to say it will comply with the new Russian legislation requiring businesses to store Russian users’ personal data in Russia, business daily Kommersant reported earlier this week. Vladimir Dolgov, eBay’s general manager in Russia, met with a deputy head of telecom regulator Roskomnadzor last week to clarify “a series of questions” related to the law.

Tomasz Czechowicz of Polish fund MCI: “We believe it’s a time to buy and build in Russia”

February 25, 2016

While several international investors have suspended or reduced activities in Russia, MCI, a major Polish fund, is continuing to invest in the country, among others. Its current Russia portfolio includes KupiVIP, Travelata and Oktogo. In this exchange with East-West Digital News, the fund’s managing partner Tomasz (Janusz) Czechowicz shares his vision of the Russian digital market, and …

Tomasz Czechowicz of Polish fund MCI: “We believe it’s a time to buy and build in Russia” Read More

Personal data storage and management in Russia: Report by EWDN and EY sheds full light on legal and organizational challenges

February 15, 2017

From September 1, 2015, companies operating in Russia will be required to store their users’ or clients’ personal data on servers located physically on Russian territory. A white paper released by East-West Digital News, in partnership with EY and leading market players, sheds full light on the legal and organizational aspects of the matter.

Telecom regulator Roskomnadzor cuts off staff, decreases salaries while fields of responsibility expand

February 25, 2016

Last week, the Russian Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications (Roskomnadzor) announced that the salaries of its staff are being reduced this year “from 23% to 54%, depending on the region,” news agency TASS reported.  For example, “a Roskomnadzor employee who received last year 50,000 or 55,000 …

Telecom regulator Roskomnadzor cuts off staff, decreases salaries while fields of responsibility expand Read More

Russian data center market grew 20% in 2014

February 28, 2017

In 2014, according to a new report by international market research company PMR, the Russian market of commercial data center services reached 11.7 billion rubles (approximately $303 million at the average 2014 exchange rate), up 20.4% from the previous year. Development forecasts for the next few years remain positive. Organic growth is driven by the rapid development of …

Russian data center market grew 20% in 2014 Read More

Rostelecom to acquire major data center and Internet infrastructure company

March 1, 2016

Rostelecom, Russia’s national telecom operator, announced yesterday the acquisition of a majority stake in SafeData (LLC Data Storage Centre), a leading operator of commercial data centers, traffic exchange services and content delivery. In a first stage, Rostelecom will acquire a 5.4% stake in LLC Data Storage Centre for 104.2 million rubles (approximately $1.6 million at …

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Personal data storage on Russian servers will be mandatory starting from September 2015

February 27, 2017

Last week, the lower house of the Russian parliament adopted amendments making personal data storage on domestic servers mandatory as early as September 2015 – instead of September 2016 as previously foreseen by legislation adopted this past summer. In October, Russian lawmakers had considered an even earlier deadline (January 1, 2015). However, the period allowed for compliance …

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New EWDN study: Cross-border sales still growing fast, Chinese players invading the market

March 1, 2016

In spite of the international turmoil, the Russian e-commerce market is still growing with cross-border sales to Russia jumping to $5 billion this year, up from $3 billion last year. However, while e-commerce flows from China is reaching new heights, the present troubled times have brought new difficulties – but also left many  opportunities – …

New EWDN study: Cross-border sales still growing fast, Chinese players invading the market Read More

US company with Russian brains and Russian money unveils “breakthrough” in microprocessor performance

November 10, 2014

In late October, Soft Machines Inc., a Silicon Valley-based semiconductor startup company with an important R&D center in Russia, unveiled the Soft Machines VISC architecture – a “breakthrough” in microprocessor performance-per-watt scaling that will “significantly improve performance and power for all segments of the computing ecosystem,” according to the company. “We’ve been quietly building the …

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Maxfield Capital leads $5 million round in Boston-based cloud data storage startup

October 29, 2014

Maxfield Capital, a venture fund operating globally from its offices in Moscow, New York City and Tel Aviv, has led a funding round of “more than $5 million” in nCrypted Cloud, a Boston-based online security service for cloud data storage. A pool of business angels from companies including Microsoft, Cisco, Reveal Imaging and Broadcom has also …

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