Runa Capital, a $135 million venture fund with offices in Moscow and California, has just announced an investment in Wallarm, a startup with Russian origins that develops solutions to protect online businesses from application-level attacks by hackers. The exact amount of the capital injection has not been disclosed. Runa’s PR Director Liliana Pertenava only said to …
Runa Capital invests in IT security startup Wallarm Read More
Last week J’son & Partners Consulting, a leading Russian tech consulting agency, released a report on the Russian cloud IaaS solution market. For 2012, the IaaS market reached 1.24 billion rubles (approximately $41 million), up 226% from 2011, while the annual growth rate of the secondary hosting market and commercial DPC did not exceed 30%. Such high …
Report: Russian IaaS market to reach $250 million by 2017 Read More
Nginx, an open source web server publisher (pronounced “engine-x”), secured $10 million in a Series B Round of financing from New Enterprise Associates (NEA). The round also included full participation of existing Series A investors, Moscow-based early stage venture fund Runa Capital, US fund MDS Capital and US-German fund e.ventures, as well as participation from Aaron Levie, CEO …
Russian-American web server publisher Nginx raises $10 million from US fund NEA Read More
Former executives of Finam Global, the venture arm of leading Russian financial group Finam, have launched a $30 million high-tech fund to invest in “fast-growing markets of considerable size.” Christened ‘Flint Capital,’ the fund comes as the fifth sizeable one launched in Russia since the beginning of the year – after FRII, a $200 million …
Not only is Mrs Tigipko one of these exquisitely educated and beautiful ladies one can meet in Kiev, she also is an inexhaustible source of ideas and energy when it comes to innovation and venture activity. In a mere three years, she has transformed a Kiev event, IDCEE, into the international face of the East-European startup and venture scene. …
One of the major risks facing the Russian industry IT is a takeover of domestic companies by Western giants, stated a yet unpublished development strategy plan for the industry, as reported by the business daily Vedomosti. To minimize this risk, the Ministry of Communications, which produced the document, proposes to include “some” IT companies in …
Government considers protecting “strategic” IT companies from foreign acquisition Read More
Luxoft, an NYSE-listed Russian software and IT solutions provider, announced earlier this week the opening of its first delivery office in Germany. The firm’s 19th global department is strategically located in Stuttgart, where Luxoft hopes to “solidify the company’s nearshore capabilities in project management and software engineering.” Specifically, the new delivery office will foster business interactions …
Russian software developer launches German office, its 19th globally Read More
Earlier this week the European Bank for Reconstruction and Development (EBRD), the Russian Direct Investment Fund (RDIF), and the Capman Russia II Fund announced a $100 million investment in Maykor, a leading Russian IT outsourcing company. The RDIF led the effort with 50% of the total investment, while the EBRD and Capman each contributed $25 …
EBRD co-invests in leading Russian IT outsourcing company Read More
According to a study last month by IDC, a global research and market intelligence provider, Russia’s IT service market is believed to have grown by just 11% to $6.58 billion in 2012 – a fairly faint-hearted advance when compared to a robust 27% upsurge the year before. Outsourcing, driven by contracts with western companies, was particularly important in …
Russia’s IT service market slammed on the brakes in 2012 Read More
Moscow-based IT service provider Active Cloud Development has teamed up with Moscow Seed Fund and Softline Venture Partners to develop an innovative IaaS (infrastructure as a service) platform christened “CloudBox.” The three partners have brought in $1 million to finance the project. Designed for data centers, mobile operators, and government organizations, the platform is described …
Moscow Seed Fund and Softline invest in innovative IaaS platform Read More
Last week Russian offshore software developer Luxoft began trading on the New York Stock Exchange. Its stock was initially offered at $17 per share, but at the end of the IPO day the share price increased to $20.38, showing 20% growth and valuing Luxoft at some $555 million. In total, during the IPO Luxoft has …
Skolkovo, the international tech hub nearing completion on the outskirts of Moscow, and Accenture, the global consulting and outsourcing company, have agreed to establish the Accenture Center for the development of predictive analytics solutions at Skolkovo. Under the current plans, the Accenture center will start its work next month and reach its planned capacity by …
Accenture teams up with Skolkovo to develop predictive analytics Read More
