Internet

Russian traffic exchange platform Marketgid eyed by Western funds

October 18, 2011

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, …

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Mail.ru Group accused of “massive bribery” by Vkontakte.ru co-founder

October 18, 2011

According to Vkontakte.ru’s co-founder and General Manager Pavel Durov, “Mail.ru Group’s ad sales teams give bribes to ad buyers openly and at a massive scale.” Durov posted the accusation in a discussion on Facebook yesterday, according to the online business publication Marker.ru and IT news and forum site Roem.ru.

Electronic Commerce Association to promote “civilized business”

October 14, 2011

Oborot.ru, Russia’s leading online resource and event organizer for e-commerce, announced yesterday the creation of the Electronic Commerce Association, which aims “to facilitate the development of online retail businesses and define the principles of civilized business.”

Top ranking Russian web server Nginx raises $3 million from Russian and international funds

October 13, 2011

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 …

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Rostelecom to acquire broadband Internet provider in Moscow

October 12, 2011

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 …

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Tatarstan to invest $315 million in Skolkovo-style IT village

October 11, 2011

The Republic of Tartarstan has laid plans for the construction of an IT village providing housing and modern infrastructure, including golf and ski facilities, for up to 20,000 IT professionals near the capital of Kazan. The planned community is intended to house a total population of 50,000. The project – nicknamed “Tatarstan’s Skolkovo” by the Russian press, in reference to the innovation …

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Yuri Milner joins US Internet stars to launch new videochat service

October 10, 2011

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 …

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Leading Russian digital marketing agency to be acquired by Ogilvy

October 10, 2011

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.

VTB Capital invests in UK data software company aiHit

October 7, 2011

VTB Capital yesterday announced it led a $5.5 million round of financing for aiHit, a London based provider of company data to the business information, market research and lead generation industries. Amadeus Capital Partners, the UK’s leading venture capital group, and several other existing investors, also took part in the deal.

Offline e-commerce terminals to be deployed in Russian regions

October 5, 2011

The Agency for Advanced Information Technologies (APIT), a Russian group of IT consulting and hardware retail companies, has announced its intention to deploy touch screen terminals throughout the country allowing local consumers without an Internet connection to order goods and services from selected Russian e-commerce sites.

DST, Silver Lake and Alibaba are jointly setting their sights on Yahoo

October 5, 2011

DST Global, the Russian investor who already owns stakes in Facebook, Groupon, Spotify, Twitter, Zynga, and other prominent web companies, could make a bid for Yahoo jointly with US high tech fund Silver Lake and China’s e-commerce giant Alibaba Group. The news was reported yesterday by Bloomberg from “three people with direct knowledge of the matter.” …

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