IT services

IXcellerate and Rostelecom plan to invest massively in Russian data centers

February 11, 2019

Last week IXcellerate, a leading commercial data center operator in Russia, announced a five-year $260 million investment plan. The funding will be provided by the company’s shareholders as well as bank financing and an additional injection of “foreign capital.” By 2023, according to this plan, the company will operate the existing Moscow One Datacentre and run “at least four …

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US-based IT giant DXC to acquire Russian-founded Luxoft for $2 billion

January 12, 2019

Earlier this week DXC Technology and Luxoft, two major, NYSE-listed IT service providers, announced a definitive agreement for DXC to acquire Luxoft. At $59.00 per share in cash, the deal represents a total equity value of approximately $2 billion, according to the press release. Still subject to customary conditions and regulatory approvals, the transaction is expected to …

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Da Vinci Capital invests in DataArt, a global tech consultancy with roots in Eastern Europe

November 13, 2018

Da Vinci Capital, a major EBRD-backed Russian private equity firm, has invested an undisclosed amount in DataArt in exchange for “a substantial, non-controlling interest” in the company. Founded in 1997, DataArt is a New York City-headquartered company with roots and R&D teams in Ukraine and Russia. It has become a major global tech consultancy that designs …

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Abbyy and Softline invest in document software technologies

October 21, 2018

Abbyy, a Moscow-headquartered global provider of content intelligence solutions and services, has acquired ATAPY Software, as reported by online publication Rusbase. The terms of the deal have not been disclosed. Based in Novosibirsk, Siberia, ATAPY Software provides a variety of custom software development services in the fields of document workflow, document imaging, data capture, optical character recognition (OCR), …

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Russian company launches giant mining farm near St. Petersburg

September 18, 2018

Last month crypto mining service provider CryptoUniverse launched what it claims to be Russia’s biggest data center for cryptocurrency mining. Located in the industrial park Levoberezhnyi at Kyryshy, a town in the the Leningrad (St. Petersburg) region, the facility occupies 4,000 sq. m. and hosts 3,000 machines to mine Bitcoins and Litecoins. “We are offering …

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Top global software products to be discussed at Cloud DeveloperDays (Krakow, May 28-29)

March 14, 2018

Programmers and software architects from Eastern Europe are invited to participate in the Cloud DeveloperDays conference to be held on May 28-29 in Krakow, Poland. The event is dedicated to the software  implemented or integrated with cloud platforms such as Microsoft Azure, Google Cloud, and Amazon Web Services. The event will cover a variety of …

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From cloud to blockchain, Russian startup aims to make online gaming accessible to all

May 26, 2021

The Russian gaming technology startup Playkey, which has asserted itself as notable player on the global cloud gaming scene, was born just five years ago out of a child’s dreams. Its founder, Egor Guriev, has been passionate about computer games since he was a schoolboy, when he saved on meals and textbooks to buy his …

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This 19-year-old Russian tech genius wants to “make the web decentralized again”

October 29, 2018

DeNet, a startup co-founded by a 19-year-old programmer and senior industry professionals, aims nothing short of disrupting the way web hosting works today. “We are bringing it back to the original idea of decentralization,” says Denis Shelestov, the company’s young CTO. DeNet believes the way the Internet operates these days is a vast digression from …

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Russian IT service company IBS considers IPO in 2018

December 21, 2017

Russian IT service provider IBS is considering holding an initial public offering in 2018, two financial market sources and a source familiar with the company’s plans told Reuters this Wednesday. The company has yet to decide on the size of the offering and hire banks to handle the deal, the sources said. IBS declined to comment on specific plans; …

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Goldman Sachs invests $15 million in Russian data center

September 13, 2017

Yesterday IXcellerate, a UK-headquartered operator of datacenters in Russia, announced it has secured a $15 million convertible loan from Goldman Sachs. The bank Goldman Sachs, which will hold a 25% stake after conversion, has become the third key investor in IXcellerate after IFC and Sumitomo Corporation. Since its launch in 2011, IXcellerate has attracted $35 million …

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Experts from major players and innovative startups to discuss data storage technologies (Skolkovo, Oct. 26)

September 13, 2017

Prostor, a major data storage event in Eastern Europe offered by RAIDIX, will hold its third edition on October 26 in Skolkovo on the outskirts of Moscow. The event will bring together system integrators, storage vendors, IT suppliers, hardware manufacturers, representatives of CCTV integrators, media groups, TV channels, post-production studios, telecom companies, government agencies, major …

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Russian fund makes 1,600% ROI from Chinese acquisition deal

May 31, 2017

Russia’s VTB Capital Asset Management claims to have made a 1,600% return on investment (“up to 15 times”) as a result of the recent acquisition of Grid Dynamics, a provider of advanced software development services, by China’s Automated Systems Holdings Limited (ASL). Launched in 2006, Grid Dynamics has asserted itself as a major international provider of technology …

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