Mobile & Telecom

Yandex acquires Israeli geo-location technology developer KitLocate

March 18, 2014 March 18, 2014

Today Yandex, the Russian search giant, announced the acquisition of Israeli startup KitLocate, the developer of an energy-efficient geolocation technology for mobile devices. The solution provides location capabilities, including geo-fencing, motion detection and social location, for location-based apps on the user’s iOS or Android smartphone. Furthermore, it allows location-based apps to request the device’s geographic coordinates less frequently “without …

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Russo-Finnish consortium halts Siberian LTE equipment manufacturing

March 17, 2014 March 17, 2014

Rusnano, Russia’s nanotech giant, Tomsk-based Micran, a major electronics manufacturer, and Finland’s Nokia Solutions and Networks (NSN) are shutting down Wireless Technology Center (WTC), their joint LTE base station facility in Tomsk. Russian media have offered the lack of legal endorsement by national regulators as an explanation for the move. A year ago WTC equipment …

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Russian-American startup iBuildApp raises $525,000 to develop in Asia and Latin America

March 14, 2014 March 14, 2014

iBuildApp, a California-based startup with Russian roots, has raised $525,000 from Eugene Miller and Constantine Filin to further develop its mobile app building technology and expand internationally. The iBuildApp platform allows anyone to build mobile applications for iPhone and Android without any programming skills. Templates are available for different industries, from banks and restaurants to universities, schools …

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The Russian app market – lots of demand, not much revenue

March 12, 2014 March 12, 2014

The Russian mobile apps market is a rapidly growing sector. The market was ‘born’ in 2009, a year after the sector took off in more developed economies. By the end of the year the fledgling sector was worth just $3 million. However, three years of triple digit annual growth saw the sector’s value skyrocket to …

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TMT Investments injects additional $200,000 in US mobile app startup KitApps

March 6, 2014 March 6, 2014

TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced last week the completion of a new $200,000 investment in San Francisco-based startup KitApps, following a capital injection of the same amount in July last year. KitApps’ mobile app platform, christened “Attendify,” enables event planners to create customized mobile apps for conferences, tradeshows, exhibitions …

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Russia number one target for global mobile malware in 2013; consumer finances most at risk

March 5, 2014 March 5, 2014

Russian mobile users suffered most from malware attacks last year, according to the most recent global mobile threat landscape analysis conducted by Kaspersky Lab, the leading Russian IT security company. With 40% of all of its unique mobile users attacked last year, Russia far outpaced India (8%), Vietnam (4%), Ukraine (4%) and the United Kingdom …

Russia number one target for global mobile malware in 2013; consumer finances most at risk Read More

Fintech fund Life.SREDA makes first exit

March 4, 2014 March 4, 2014

Spanish bank BBVA has acquired Simple, giving Russian fintech fund Life.SREDA its first exit. BBVA paid $117 million for the American innovative banking app, giving Life.SREDA a 180% return on the investment it made in June 2013. Simple, which was founded in summer 2012, helps clients to control their spending and to meet saving targets. …

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Almaz Capital participates in $6.5 million round to fund US social and emotional learning startup

February 28, 2014 February 28, 2014

Almaz Capital Partners, a major Russian venture fund, has participated in a $6.5 million round to fund If You Can, a California-based startup that uses gameplay to teach children social and emotional learning (SEL) skills. The Series A round was led by Greylock Partners with the participation of other investors. The startup had previously raised $2.8 …

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Israeli mobile video platform secures $2 million from Mail.ru Group

February 24, 2014 February 24, 2014

Magisto, an Israeli cloud-based mobile video platform, announced on Friday a $2 million investment from Mail.Ru Group, the LSE-listed Russian Internet giant. The investment is designed to fuel further growth and customer acquisition. In addition, Magisto has integrated its offering into Odnoklassniki.ru, a subsidiary of Mail.Ru Group and the second largest social network in Russia …

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Yandex driving Google out on the mobile firmware front

February 24, 2014 February 24, 2014

The Russian Internet company Yandex has launched a fee-free Android firmware kit in a bid to replace pre-installed Google firmware. The first Huawei and Explay devices with preinstalled Yandex.Kit should hit the stores this spring. Yandex.Kit is based on the three-dimensional Yandex.Shell interface. Yandex offers users a bonus 50 Gb of space on its Yandex.Disk …

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Russian mobile app community startup Apps4all enters UK market

February 18, 2014 February 18, 2014

Launched in 2011, Apps4all has attracted a sizable portion of the mobile app developer community in Russia and neighboring countries. The startup helps large IT companies and device manufacturers interact with developers and provides a variety of media, event, training, research, and advertising activities. Just weeks ago the young company, which is backed by a Russian candy magnate, entered …

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Intel Capital invests $10 million in Mango Telecom

February 13, 2014 February 13, 2014

Earlier this week Mango Telecom, a Russian provider of SaaS solutions for business communications, announced it had attracted a $10 million investment from Intel Capital. The company intends to use the funds to expand its cloud-based business services to Russia and enter the European market. Mango Telecom’s offer includes a hosted PXB (corporate telephony) solution, a …

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