Ru-Net, a major Moscow-based venture fund, has set up an American arm to invest in US Internet, SaaS and cloud computing companies. The new fund, named RTP Ventures, opened a representative office in New York City only last month, but has already made several investments in the first months of operations. RTP invests between $1m and $10m …
Ru-Net makes its $700 million available to US tech startups Read More
Germany’s anti-monopoly authorities announced that Gazprom Marketing & Trading (GM&T), a subsidiary of the Russian gas giant, requested their approval to be considered for an acquisition of Envacom. A German solar and wind energy operator, Envacom also offers mobile and Internet access services to more than 500,000 customers.
ОSG Records Management, a major Russian online backup and document archive solution provider operating in Eastern Europe, could go public in early 2012, Russian business daily RBC Daily reported yesterday. OSG’s initial public offering could take place on the Warsaw stock exchange. “Poland is our second largest market after Russia,” OSG Financial Director Mikhail Shokhorov …
Russian online storage company considers IPO in Poland Read More
Leading Russian financial company Finam says it has been approached by Western funds considering the acquisition of Finam’s web property Marketgid, the leading traffic exchange and affiliation platform in Russia. Finam values Marketgid at $100 million at least, Dmitry Smirnov, the CEO of the Finam Private Equity Fund, told East-West Digital News. According to Smirnov, …
Russian traffic exchange platform Marketgid eyed by Western funds Read More
Plug and Play Tech Center, a prominent Silicon Valley incubator, got operations underway in Russia last week with the selection of its first five Russian startups. The launch projects, selected by a panel of Plug and Play judges, included Toytemic, a Moscow startup offering a “natural, intuitive method for linking virtual reality to the tactile …
US incubator Plug and Play selects startups to launch operations in Russia Read More
Bidding has closed for the acquisition of Utel, the mobile wing of major fixed-line Ukrainian operator Ukrtelecom, Russian business daily Kommersant reported on Friday. The company’s market share amounts to just 2%, but it is the only Ukrainian mobile operator to hold a 3G UMTS license. The bidders are Russian operators VimpelCom and MTS, Turkcell subsidiary …
Russian national telecom operator Rostelecom has formally requested the approval of the Federal Financial Markets Service (FFMS) to list 25 percent of its preferred shares on the London Stock Exchange (LSE), the company announced on Monday. Rostelecom intends to float 60.707 million Class A preferred shares in London, or about 25 percent of its outstanding …
Rostelecom could hold SPO on London Stock Exchange before end 2011 Read More
Nginx, the open source web server publisher (pronounced “engine-x”), has just closed a $3 million round of financing from Russian early stage venture fund Runa Capital, US fund MDS Capital and US-German fund BV Capital-eVenture Capital. The funds raised will be used to “establish a commercial offering that creates new infrastructure solutions for Internet companies in a variety …
Rostelecom, Russia’s national telecommunications operator, is to acquire Qwerty, a Moscow broadband Internet provider, Russian business daily Kommersant revealed earlier this week referring to unnamed sources. Qwerty is indirectly owned by Svyazinvest, Rostelecom’s main shareholder. Its value has been estimated at 1.2 to 1.4 billion rubles, or around $40 million, by Raiffeisenbank analyst Sergey Libin, Kommersant …
Rostelecom to acquire broadband Internet provider in Moscow Read More
NIS GLONASS General Manager Alexander Gurko announced at a press conference yesterday that his company could invest as much as $100 million dollars in acquisitions of Russian and foreign companies during this year and the next. These acquisitions will help develop new satellite-based navigation services for both the domestic and Indian consumer markets.
Yuri Milner, co-founder of the top Russian Internet fund DST, is among the investors in Airtime, a new video chat service to be created by former Napster founders Sean Parker and Shawn Fanning. The news, reported by The Financial Times last Friday, was based on exchanges with Airtime’s founders. The Airtime concept is derived from …
Yuri Milner joins US Internet stars to launch new videochat service Read More
WPP, a prominent global advertising and marketing group, has agreed to acquire – through its subsidiary Ogilvy & Mather – a majority stake in Promo Interactive, a leading Moscow-based advertising agency with a strong Internet, mobile and multimedia focus, the Russian press reported last week.
