EPAM Systems, an offshore software developer with major R&D centers in Russia, Belarus and Ukraine, has informed the US Securities and Exchange Commission that it plans to launch an IPO, reported Russian daily Vedomosti on Thursday.
The client base of Tricolor TV, Russia’s leading satellite TV provider, rose by 10% between January and April 2011, reaching 8 million subscribers with 85% purchasing TV packages., The company expects to increase its subscriber base to 10 million households by the end of 2011, announced Tricolor TV General manager Vyacheslav Mordachev last week.
During a visit to Kazan yesterday, Google Russia representative Vladimir Dolgov praised Tatarstan for its Internet penetration rates, which stand among the highest in Russia. Having noticed the large quantity of schools with Internet connections and local WIFI hotspots, Dolgov said that Tatarstan “has all the necessary foundations for further development of Internet and online …
Tartarstan confirms momentum on Russian Internet scene Read More
Leading Russian mobile operator MegaFon announced on June 10 that it has acquired NetByNet, a fixed broadband Internet, digital TV and IP telephony operator. The value of this transaction is approximately $270 million with the final amount depending on financial performance of the company in 2011, MegaFon explained.
Russia now has its own collaborative content discovery service for the Web, SurfingBird.ru. The site, inspired by the StumbleUpon concept, appeared just weeks ago and is still in the beta phase. Its distinctive ‘share’ button has begun spreading among Russian websites including some important ones like RuTube.ru, the top Russian video hosting service.
The European Business Angels Association (EBAN) announced last week that its 2012 congress would be held in Russia, reports Allventure.ru, a website published by the Russian Private Equity and Venture Capital Association (RVCA).
Prominent Russian venture fund Almaz Capital Partners has provided a round of financing for Tallinn based online dating service Flirtic, the latter reported in a news release yesterday. The undisclosed amount will be used for the development of Flirtic in Russian and English speaking communities.
Yandex announced earlier this week it will finance St. Petersburg-based Zenmoney.ru, a personal accounting and budget planning service. This seed financing round of an undisclosed amount will be made under Yandex.Factory, an investment program launched last April to help startups finance their product, prototype, or project development at the seed or early stage.
AlterGeo, a Russian startup inspired by the Foursquare concept, announced yesterday it has closed a third round of financing with Intel Capital, prominent Russian venture fund Almaz Capital — sometimes called the Almaz-Cisco fund, and U.S. angel investor Esther Dyson, who is involved in several Russian IT projects.
Russia’s leading online shoe retailer Sapato.ru announced today that it has raised $12 million in a third round of financing. Intel Capital, Intel’s global investment fund, led the investment round along with earlier investors in the project – Direct Group, a Western investment company operating in Moscow through its incubator FastLane, eVenture Capital Partners, the …
DST, the top Russian Internet investment fund, will participate in a still-undisclosed round of financing in favor of alternative accommodations marketplace Airbnb, reports TechCrunch from unnamed sources. The round is being led by Andreessen Horowitz.
Ambitious Russian social games developer Pixonic has just closed its third round of financing, raising $5 million from Russia’s Kite Ventures, Ukraine’s Take Advantage Venture and France’s Ventech. Founded in late 2009, Pixonic has already launched over 30 games on 13 different social networks.
