Translation apps on mobile devices are extremely helpful when people are travelling to countries where they don’t speak local language. However, most of translation apps have been working only over the internet, and their use might be quite paintful when in roaming with no good wi-fi connection abroad. Yandex.Translate, an app launched two years ago, now …
Yandex.Translate on iPhone and iPad translates offline Read More
Netology, a major Russian online education platform offering courses in the fields of Internet business, web development and e-commerce, has merged with Foxford (previously 100EGE.ru), a provider of online courses for secondary school students, under the “Netology Group” brand. The merged companies have received a $1.1million capital injection from InVenture Partners, a Russian fund that …
Yandex, the Russian search giant, has purchased mobile development company Any Void. The Any Void team, along with its head Yury Podorozhny will start work at Yandex from today. They will be responsible for the company’s Geo services. When asked why it had chosen to buy Any Void above the many other teams of developers …
According to research by Yandex Ukraine, Ukrainians have created 40 million accounts on popular social networks like Odnoklassniki, Vkontakte (VK.com), Facebook, and Twitter as of summer 2014. Russian social networks still dominate the market, as 27 million accounts have been created on Vkontakte and 11 million have been created on Odnoklassniki, as opposed to only …
Russian social networks still market leaders in Ukraine Read More
Action Media Group, a large Russian B2B-publishing house, has invested $200,000 in SaaS service Arnica.pro. This is already the third round of investment for the company. Arnica.pro is aimed at smaller beauty salons, who can use the software for client registration, staff work schedules, CRM, transactions, accounts and integration with external services. The company was founded …
Action Media Group invests $200,000 in SaaS service Arnica.pro Read More
In a series on Europe’s “hottest startups,” the UK edition of tech magazine Wired published earlier this month a selection of 10 Russian startups. These included peer-to-peer publishing platform Gitoon, e-commerce intelligence platform Ometria, “rephotography” app publisher Timera, slideshow assistant app Penxy, music-streaming service 10tracks, taxi app publisher Wheely, driving navigational system WayRay, video game …
Wired highlights 10 Russian startups but gets it wrong with rosy business predictions Read More
Asserting itself as one of the most active Russian-backed funds operating internationally, TMT Investments announced during this month the completion of two investment deals, in addition to a small exit. The fund, which usually invests just a few hundred thousand USD in each project, has injected a hefty $1 million in Anews, an international global news-reading …
Earlier this week Russia’s online search giant Yandex announced significant changes this month at the senior board level, which will come into effect from September 1. Alexander Shulgin, currently the group’s Chief Financial Officer, has been appointed Chief Operating Officer of Yandex’s Russian business. Greg Abovsky will be promoted to Chief Financial Officer to replace …
Yandex founder Arkady Volozh moves to global role in senior management shake-up Read More
Russian hackers attacked the U.S. financial system in mid-August, infiltrating and stealing data from JPMorgan Chase & Co. (JPM) and at least one other bank, an incident the FBI is investigating as a possible retaliation for government-sponsored sanctions, according to two people familiar with the probe. The attack resulted in the loss of gigabytes of sensitive data, …
FBI examining whether Russia is tied to JPMorgan hacking Read More
Moscow-based Ostrovok.ru, which runs a online accommodation booking service that has become very popular among Russian speakers worldwide, has struck a partnership with US-based community-driven lodging marketplace company Airbnb. The agreement will make it possible for users of Ostrovok.ru, which just picked up a $12 million round on top of the $25 million secured earlier to support its international expansion ambitions, …
In its accounts for the first half of 2014, Mail.ru Group has disclosed the sum it paid in April of this year to Ivan Tavrin for 12% of VKontakte, Russia’s leading social network also known as VK.com. The stake cost the group around $345 million, valuing the company at almost $2.9 billion. The LSE-listed Internet group thus owns 52% …
Mail.ru Group paid $345 million for its 12% stake in VKontakte Read More
Earlier this week Russian venture fund Quadro Capital Partners (FXC-QCP VC) and online trading service provider Forex Club announced investment plans in the field of Internet trading on the international stock market. The target geography includes Russia, Ukraine, other states of the former Soviet Union, and Europe. The total volume of investments could reach up to $200 million, a Forex Club …
