Digital services & Apps

Russian TV gear maker acquires Portuguese IT assets, eyes new markets

GS Group, a St. Petersburg-based industrial holding with vested interests in telecommunications, has bought into Novabase, the leading IT player in Portugal, and is paving the way for a major expansion in Western Europe and Africa. The sizable Russian manufacturer of TV receivers and software for TV operators announced earlier this week that it had …

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Nokia’s Android phones come to Russia fitted with Yandex apps

Nokia’s Android smartphone, Nokia X, announced at the recent Mobile World Congress, comes to the Russian and Belarusian markets equipped with the essential search functionality provided by Yandex. The Finnish company’s first in the X-series of phones premieres today on these markets with the Yandex.Search app already preinstalled and the Yandex search engine as a built-in …

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Mail.ru Group launches new ICQ on Android

Reacting to the loss of traction of the once widely popular instant messenger ICQ, Russia’s Mail.ru Group earlier this month released a fully redesigned version of the program. Android users are the first to enjoy the new messaging and VoIP functions. The updated version offers free video calls, group chats and stickers. Users can also …

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Yandex acquires Israeli geo-location technology developer KitLocate

Today Yandex, the Russian search giant, announced the acquisition of Israeli startup KitLocate, the developer of an energy-efficient geolocation technology for mobile devices. The solution provides location capabilities, including geo-fencing, motion detection and social location, for location-based apps on the user’s iOS or Android smartphone. Furthermore, it allows location-based apps to request the device’s geographic coordinates less frequently “without …

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ICQ quickly loses users, Telegram gets traction among international instant messengers

ICQ shed more than 30% of its audience in 2013, reported its owner Mail.ru Group, an LSE-listed Russian Internet group, in its financial report for 2013. The global instant messaging service’s monthly user total shrank to 11 million across the world as of this past December, a notable contraction from 15.9 million a year before. …

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Yandex, Google to integrate RTB platforms – more advertisers expected, higher advertising rates feared

This past Wednesday Yandex and Google, the two archivals of the Russian search market, announced a “mutually beneficial strategic partnership agreement” in the field of online display advertising sales. As a result of the integration of Google’s and Yandex’s real-time bidding (RTB) systems, Google’s advertising clients will gain access to the advertising inventory offered by …

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Almaz Capital participates in $6.5 million round to fund US social and emotional learning startup

Almaz Capital Partners, a major Russian venture fund, has participated in a $6.5 million round to fund If You Can, a California-based startup that uses gameplay to teach children social and emotional learning (SEL) skills. The Series A round was led by Greylock Partners with the participation of other investors. The startup had previously raised $2.8 …

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US browser developer Maxthon announces partnership with Yandex

Barcelona, Spain – Maxthon, a global software company that develops state-of-the-art web browsers, today announced it is expanding its partnership with Yandex, Russia’s dominant search and web services provider. In a new agreement, Maxthon and Yandex will work together to offer Maxthon web browsers to Russian desktop and mobile users pre-loaded with several of Yandex’s top …

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Yandex ad-driven revenue grew 39% in 2013

Yandex, the NASDAQ-listed Russian search giant, announced yesterday its financial results for the fourth quarter and the full year that ended December 31, 2013: the company’s revenue jumped to 39.5 billion rubles ($1.2069 billion), up 37% from the previous year. On a like-for-like basis, the year-on-year growth actually attained 39% when tallied without Yandex.Money, the …

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E-learning startup YaKlass secures second round from Almaz Capital and Vesna Investment

YaKlass has secured $450,000 in a second round of financing in less than one year, the startup’s founder Valery Nikitin told Firrma.ru, an online publication covering the Russian startup and venture scene. Two major venture funds, Almaz Capital and Vesna Investment, along with Russian businessman Pavel Kovsharov, brought in the funds, which will be spent on …

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Yandex opens R&D office in Berlin

Earlier this week Yandex announced the opening of an R&D office in Berlin – the 16th office globally and the third office in Western Europe of the NASDAQ-listed Russian search giant. The airy office space in Karl-Liebknecht-Strasse has enough room for up to 130 people, Yandex stated. It will be progressively filled with 30-40 work …

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