M&A

Russian entreprise software leader 1C acquires restaurant software startup

September 13, 2016

Last month 1C, the Russian enterprise software giant, acquired a controlling stake in Moscow-based startup Quick Resto under undisclosed terms. 1C intends to develop the company further with its founders. Established in 2013, Quick Resto has developed a SaaS solution for restaurant business automation, requiring no specific hardware equipment. The startup, which became a resident company of Skolkovo, has carved a notable position …

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Mail.ru Group and Yandex invest in IT education

August 30, 2016

Mail.Ru Group, a major Russian Internet company, has announced an investment in GeekBrains, a Russian-language online learning platform for developers. The LSE-listed group has acquired a controlling interest in GeekBrains, with the founders keeping a stake and still running the platform. GeekBrains claims more than 1 million participants (up from from 200,000 one year ago) with a monthly …

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US restaurant solution provider acquires Russian startup iqPOSitive

August 19, 2016

iqPOSitive, a Russian developer of automation solutions for restaurant businesses, has been acquired by Revel Systems, a San Francisco-based company operating in the same field. The transaction, which took place in May, has just been revealed by the Russian media. The terms of the acquisition have not been disclosed, but iqPOSitive’s founder Timur Bagaev said we was …

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Russia’s Softline secures $40 million from Da Vinci Capital, intends to acquire “over 20 companies” in emerging markets

August 9, 2016

Two funds managed by Da Vinci Capital Management — Da Vinci Private Equity Fund II L.P. and Da Vinci Pre-IPO —  have invested in Softline, a Moscow-based international software licensor and IT service provider. The news was reported last week by Russian business daily Kommersant based on exchanges with Softline top executives. The details of the transaction has not been …

Russia’s Softline secures $40 million from Da Vinci Capital, intends to acquire “over 20 companies” in emerging markets Read More

Groupon Russia sold to Ru-Net for free, renamed ‘Frendi’

August 25, 2016

Ru-Net, the venture fund of Russian billionaire Leonid Boguslavsky, did not spend a single dollar to acquire Groupon Russia in April of this year, Interfax wrote last week, citing Groupon official information. This acquisition took place in April. Ru-Net intends to “stimulate the company’s growth and make it more profitable” with plans to develop across Russian regions …

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Intel acquires Russian computer vision company Itseez

May 31, 2016

Itseez, a Russian company developing computer vision algorithms and implementations for embedded and specialized hardware, has just been acquired by Intel. The US corporation has announced a “definitive agreement” – without disclosing, however, any details of the deal. “This acquisition furthers Intel’s efforts to win in IoT market segments like automotive and video, where the ability to …

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Alisher Usmanov invests in InPlat to create new payment ecosystem in Russia

May 10, 2016

Russian billionnaire Alisher Usmanov has invested in a Russian PSP named ‘InPlat‘ via structures affiliated to his holding company USM, acquiring a 35% stake previously owned by investment fund Supremum Capital. The transaction, which took place in December 2015, was revealed last week by Russian tech blog Firrma.ru, which referred to an unnamed source from Supremum …

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Russian mobile banking in transition: Instabank shuts down, Rocketbank acquired by Otkrytie

April 21, 2016

Earlier this month Otkrytie, a major Russian bank, announced that it was in the process of fully acquiring mobile banking startup Rocketbank. The move follows a strategic partnership inked in December 2015. “This partnership has already allowed Rocketbank to attract customers more efficiently, thanks to our strong brand, and accelerate the development of its product. On the …

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1C fully acquires CRM solution provider Megaplan

April 18, 2016

Moscow-based asset management company Sferiq has sold its remaining blocking stake (27.06%) in Megaplan, a Russian corporate CRM solution provider, to 1C. A leading Russian enterprise software publisher, 1C now controls 99% of Megaplan, reports financial news portal Mergers.ru, citing official sources. 1C had acquired a 51% stake in Megaplan in 2012, three years after Sferiq (previously known as …

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Russia’s GS Group celebrates exit from Cambodian pay TV joint venture

March 31, 2016

Last week GS Group, an internationally-oriented Russian technology company active in a variety of industries, announced the sale of its controlling stake in Cambodia’s One TV, the leading local pay-DTT company. The Cambodian partner, The Royal Group of Companies, has become the majority shareholder of One TV. Launched in 2012, One TV became “one of the first successful examples worldwide …

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Sports.ru acquires Belorussian sports app developer

March 14, 2016

Sports.ru is in the process of acquiring 90live.org, a Belorussian developer of mobile apps for football fans, reported Vedomosti earlier this month based on exchanges with the portal’s general manager Dmitry Navosha. The details of the transaction, which is not completed yet, have not been disclosed. Founded in Minsk in 2013, 90live.org has developed more than …

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Mail.ru Group completes sale of HeadHunter; Goldman Sachs said to be among new shareholders

March 14, 2016

Mail.ru Group, a leading LSE-listed Russian Internet group, has completed at last the sale of HeadHunter (hh.ru) to a consortium of investors led by Elbrus Capital. Russian business daily Vedomosti learned from unnamed sources that Goldman Sachs was part of the consortium, but the bank declined to confirm this information. The transaction, which is worth a …

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