IT services

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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Yandex to offer free cloud storage service

February 29, 2012

Russian search giant Yandex is developing a cloud service to store data from computers and mobile devices, Russian business daily Vedomosti reported on Monday. The service, currently referred to by the working name ‘Yandex.Disk,’ will store and sync files of any type and format, from text documents, to video files and photos, as well as …

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US cloud computing firm gets $7.5 million from VTB Capital

February 21, 2012

The invest abroad trend among Russian financial institutions was demonstrated again yesterday by a $7.5 million capital injection in Eccentex, a California-based cloud computing solutions provider for dynamic case management. The round of financing was led by VTB Capital, the investment arm of VTB Group, a leading Russian state-controlled financial group. Neither the terms of the …

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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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EPAM Systems completes IPO

February 10, 2012

EPAM Systems Inc., a leading global software engineering and IT consulting firm with development centers across Central and Eastern Europe, completed its initial public offering of common stock successfully on Tuesday. The company raised $72 million by selling 6 million shares at $12 each, 67% of which were offered by selling stockholders. The company had …

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EPAM rescheduled its IPO to Q1 2012

December 13, 2011

EPAM Systems, an offshore software developer with major R&D centers in Russia, Belarus, and Ukraine, has rescheduled its IPO to Q1 2012, Reuters reported yesterday. In June 2011, the company filed with US regulators to raise up to $100 million in an IPO of its common stock. At the time of filing, EPAM announced its …

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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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Russian systems integrator acquires Canadian e-book software provider

November 18, 2011

Canadian e-book software and firmware provider Evident Point, which has a separate development team in Moscow, has been acquired by LANIT, a major Russian company providing a diversified range of systems integration and other IT services. Neither the terms of the transaction nor general future plans of the two companies were disclosed.

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