Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia and other countries of the former Soviet Union. The latest column, by EWDN chief editor Adrien Henni, highlights the most notable industry facts and trends of the past year. These include, in particular: Major moves from the three Russian digital leaders: Mail.ru …
Citrix Systems announced today an agreement to acquire Wrike, a leader in SaaS collaborative work management, for $2.25 billion in cash. Still subject to regulatory approvals, the transaction is expected to close in the first half of this year. “The transaction unites leading workspace delivery platform with best-in-class SaaS work management solution, ushering in new era of employee productivity. This combination …
Sber, Russia’s state-controlled financial and tech giant (previously known as Sberbank), is considering the acquisition of Citilink.ru alongside some other assets of the Merlion group. The discussions were reported by business daily Kommersant but not confirmed by the parties. Selling electronic appliances and a variety of other products, Citilink is among the top Russian e-commerce sites. It was number two …
Sber said to be in talks with Merlion on major e-commerce acquisition Read More
This deal might look modest in amount, but it is a very rare case of a Russian acquisition in Germany in the field of IT. Softline, a Moscow-headquartered international solution and service provider, is taking control of the almost eponymous German IT company Softline AG. The Russian group has agreed to acquire 63.38% of the German company, which is listed …
Sber, Russia’s state-controlled financial and tech giant (previously known as Sberbank), is displaying its ambitions in the field of e-commerce, in spite of several previous unsuccessful attempts. Last week, Sber announced the creation of a dedicated division to run its existing assets in this field. Among these are Sberlogistika and Sbermarket, two services which where …
Sber displays its leadership ambition in the Russian e-commerce space Read More
According to media reports last week, the alliance of Sber (the state-controlled financial and technology giant previously known as Sberbank) and Mail.ru Group (an LSE-listed Russian Internet major) is not stabilized yet. Financial Times reported the two companies are yet to align their strategic visions of the ecosystem they are building jointly. Sber sees its …
The alliance between Mail.ru Group and Sber is not stable, say media reports Read More
Yandex.Checkout, a leading Russian payment service provider, is going to run its international operations – essentially in cross-border B2C payment operations – under a new brand, ‘YooMoney.’ The company says the transition will be completed by mid-December, 2020. As for domestic operations, they are now run under brand of ‘YooKassa.’ These changes are coming as …
Now fully owned by Sber, Yandex.Checkout rebrands to ‘YooMoney’ Read More
Rostelecom, Russia’s national telecom operator, is in the process of acquiring a 51% stake in Bolshaya Troika (Big 3), a provider of waste processing automation solutions. The transaction, which amounts to 1.275 billion rubles ($16.7 billion at the current exchange rate), will be completed in the first half of 2021 “after successful launch of a …
Rostelecom to take control of waste management solution provider for $16.7 million Read More
Mail.ru Group, the LSE-listed Russian Internet giant, has just announced the completion of the sale MAPS.ME to Daegu Limited, a part of Parity.com Group. All company shares have been transferred for 1.56 billion (some $20 million at today’s exchange rate). Mail.Ru presents the move as part of its “strategy to focus on development of core assets where …
Mail.ru Group sells mapping and navigation service Maps.me as “non-core asset” Read More
Sber, Russia’s state-controlled financial and technology giant (previously known as Sberbank), has brought its stake in Rambler to 100%, buying the 45% stake of billionaire Alexander Mamut. These shares will be paid for in tranches, stated Sber. The first one, worth 3 billion rubles (nearly $38 million at the current exchange rate) will be settled immediately, while …
Sber completes full acquisition of online media and entertainment group Rambler Read More
Russian billionaire Oleg Tinkov has sold his stake Sravni.ru, a major Russian finance and insurance marketplace, to Baring Vostok and Goldman Sachs, reports VC.RU. The terms of the transaction were not disclosed. Sravni.ru defines its mission as “to help people make the right choices and achieve financial goals.” Its users are assisted in choosing financial …
Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia and neighboring countries in Eastern Europe. Since last year, EWDN chief editor Adrien Henni has offered a regular column to highlight the most notable industry facts and trends as well as promising tech innovations from these countries. Covering the third quarter of …
