Moscow and Amsterdam – Yandex (NASDAQ: YNDX), one of the largest European internet companies and the leading search provider in Russia, today announced it is embarking on a new B2B venture developing custom-made big data solutions for businesses – Yandex Data Factory. Yandex Data Factory, an international project with offices in Moscow and Amsterdam, will provide services …
Yandex to provide big data solutions to businesses Read More
Following the downing of the Air Malaysia flight and the subsequent military interventions and conflict between pro-Russian separatists and the government in the Ukraine, concerns about the stability of Ukraine and Russia – and indeed the broader Eastern European region – have grown. Despite a cease-fire in September, some quarters are reporting the possibility of renewed conflict. The economic toll …
Will Ukraine-Russia’s political turmoil boost the region’s outsourcing economics? Read More
Last month, Russian software industry association Russoft organized the presence of Russian IT firms at a major Dutch technological event – The Hague Tech 2014. This initiative was supported by the Westholland Foreign Investment Agency. The expo specializes in innovative IT technologies, equipment and solutions. One of the key parts of the event was the …
Netherlands still a “promising market” for Russian software development companies Read More
Mirantis, a California-based systems integrator with teams in several countries including Russia and Ukraine, has closed a $100 million series B round with the participation of Insight Venture Partners and August Capital. They were joined by existing investors Intel Capital, WestSummit Capital, Ericsson, and Sapphire Ventures (formerly SAP Ventures). The financing – the terms of which …
B2B software integrator Mirantis raises $100 million in record Series B round Read More
Total sales of IT products and services in Russia were worth 711.6 billion rubles (€16.8 billion) in 2013, which is 0.5% less than the figure for the previous period. The IT market in the country declined for the first time since the crisis of 2009. Many leading players reported a contraction in their sales revenue …
IT market in Russia 2014 – Current situation and short term outlook Read More
Russian IT companies called the issue of import substitution in IT as the key subject in the industry in 2014. This verdict was reached by the participants of the media briefing “Focus on import substitution: chance or risk for Russian IT industry?” that was held on September 9 in Moscow as part of the 15th anniversary …
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 …
Banking and finance software developer R-Style Softlab, based in Russia and owned by Polish company Asseco, is opening a new division in Crimea. Its office will be in Sevastopol. The department will specialise in software development for the banking sector, particularly banks located within Crimea and nearby regions. The company expects that by the end of the …
The Center for Network Interaction Technologies (TsTVS in Russian) has invested in the content delivery network (CDN) operator Ngenix and received a blocking stake in it, reported last week IKS Media, an online publication covering the Russian IT and telecom market. TsTVS is owned by data center operator SafeData and prominent Russian businessman Dmitry Shumkov. …
Polish private equity fund MCI Management has teamed up with the European Bank for Reconstruction and Development (EBRD) to inject $7 million into Travelata.ru, a Russian online reseller of package tours. The amount invested by each of the two investors has not been disclosed. The funds will be used “to enhance further Travelata’s online services …
In a bid to secure their business flows in the current tense international context, two major Russian IT industry players – outsourced software developer Luxoft and game publisher Game Insight – have announced their partial move to other countries. One of the most impressive success stories in the global mobile games industry, Game Insight announced …
Russian mobile game publisher Game Insight and IT outsourcer Luxoft move to Eastern Europe Read More
Crocus Nano Electronics (CNE), a joint venture founded in 2011 by Russia’s state-owned nanotechnology giant Rusnano and France’s Crocus Technology, yesterday announced that it has raised $60 million from its existing investors in additional capital. The new funding will enable CNE to “finalize construction and installation works, complete procurement and installation of all capital equipment to support …
French-Russian JV raises $60 million to complete next-gen memory project Read More
