IT outsourcing & Software development

Russian offshore software developer Luxoft heading toward New York IPO

May 24, 2013

Luxoft, a major offshore software developer headquartered in Moscow, announced yesterday that it has filed a registration statement for a proposed initial public offering of its Class A ordinary shares. The book-running managers in the operation will be UBS Limited, Credit Suisse, J.P. Morgan, VTB Capital, and Cowen and Company. According to the filing, Luxoft …

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Almaz, Runa and TA Venture team up to establish Ukraine’s first IT-focused grant fund

April 17, 2013

Three major venture capital funds, Moscow-based Runa Capital and Almaz Capital as well as Kiev-based TA Venture, in conjunction with BIONIC Hill innovation park, Ukraine’s first innovation park, are joining forces to establish the Global Technology Foundation (GTF). Ukraine’s first grant fund specifically devoted to IT, the foundation will provide pre-seed stage grants and support for promising …

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Deputy Minister of Communications Mark Shmulevich: “Less than 1% of the Russian workforce is employed in the IT sector, vs. more than 4% in the US.”

March 19, 2013

Russia’s Deputy Minister of Communications Mark Shmulevich spoke with Elena Shipilova of Russia Beyond The Headlines about how IT can become Russia’s leading non-resource sector in terms of export volumes, what to do in order to make the profession attractive among young people and what foreigners can learn from their Russian counterparts.

Mail.ru Group CEO announces $25 million fund for robotics

June 18, 2012

Dmitry Grishin, the CEO of Mail.ru Group, the LSE-listed Russian Internet group, announced on Friday the launch of a New York City-based investment fund dedicated to robotics startups. The fund, named Grishin Robotics, intends to inject $25 million into 10 to 20 early stage or middle-size companies developing robots in the fields of home maintenance, education, …

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The Russian microelectronics industry and national security

May 25, 2012

It is often forgotten, in today’s mobile, networked, and information-driven business climate, that many of the world’s most prominent “Silicon Valleys” – Hsin-chu, Taiwan; Ang Mo Kio, Singapore; “Silicon Saxony,” Germany; and even the original American Silicon Valley in the San Francisco Bay Area of California – were built largely or entirely on the semiconductor, or microelectronics, …

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Russia’s government innovators and stock exchange consider open playground for start-up stocks

March 8, 2012

Two deep-pocket, state-owned innovation flagships, the Russian Venture Company (RVC) and Rusnano, and the MICEX-RTS stock exchange have shaken hands on an uncommonly broad-based, private/public partnership designed to aid Russia’s fledgling technology innovators. In a concerted not-for-profit effort called Innovation and Investment Market (IIM), also known as IPO Board, the players are stepping forward to …

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Poland’s InPost and Russia’s Qiwi launch postbox network for parcel delivery

February 20, 2012

InPost, a Polish operator of postboxes for parcel delivery, Qiwi, the famous Russian payment operator, and iTech Capital, a Russian venture fund, are deploying a network of self-pickup points to deliver parcels from distance selling and e-commerce companies. The network, named Qiwi Post, started operating in early February with 15 locations in Moscow, nearby malls, …

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Softline pursues international ambitions with representative office in Malaysia

November 23, 2011

Earlier this week, major Russian software licensing and IT service provider Softline announced it opened a representatice office in Kuala Lumpur, Malaysia. The Malaysian office, which already employs ten people, specializes in licensing software from leading international and Russian publishers.

Next Level: Russian mobile developers score big time on international scene

November 21, 2011

Get out of the way Doodle Jump and Zombieville U.S.A.: Russian players in the booming mobile application and game markets are beginning to assert themselves – with world-class products as their ammunition. Among the emerging players are traditional mobile content companies Dynamic Pixels, Herocraft and i-Free, or Game Insight, which originally focused on social games. …

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