Mosventure, a fund owned by the Moscow city administration and focused on small and medium sized scientific and technical projects, plans to support up to 70 projects before the end of the year. These plans were announced last week by the fund’s executive director Alexey Kostrov in an interview with Russian news agency RIA Novosti.
Fiber-optic telecommunication provider Transtelecom (TTK) won 20 of 24 wireless Internet licenses last week in three tenders organized by Russian telecom regulator Roskomnadzor.
Private equity fund CapMan Russia announced last week that it has made its first investment ever in a telecom asset. The CapMan fund bought a 20% stake in Siberian Networks, one of the leading ISPs in Western Siberia, and the fund plans to raise its share to a blocking stake in the coming months.
Russian national telecom operator Rostelecom has increased its stake in regional operator Orenburg GSM from 51% to 100%, news agency RIA Novosti reported last week. The remaining 49% stake was sold for $4 million by Samara based operator SMARTS.
Softline Venture Partners announced earlier this week it has invested $500,000 in Copiny, a developer of Saas-based social CRM solutions. The fund received a 25.1% stake in exchange for the investment, Copiny General manager Dmitry Chistov told East-West Digital News. Copiny was founded just one year ago by a group of programmers from Bryansk, 379 kilometers …
Social CRM solution startup raises $500,000 from Softline Venture Partners Read More
Representatives of 15 Korean venture funds, including KDB Capital, STIC Investments Inc. and L&S Venture Capital, visited Moscow last week intending to invest up to $10 million each in local IT companies.
TMT Investment announced last week it will invest $1 million in a 20% stake in Berryman Capital Group (BCG), a developer of online games for social networks. TMT Investment is an international investment company based in Jersey and run by Russian businessmen focused on technology and media investment. The deal, which includes other conditions for BCG …
Sunnyvale, CA. – Infinera (NASDAQ: INFN), a US-based leading provider of digital optical communications systems, has established its Russian headquarters in Moscow. Infinera Russia will focus on marketing, sales operations and work closely with local partners to expand the company’s manufacturing presence and capabilities in the region. The new entity has been created to support …
Infinera expands with Russian headquarters in Moscow Read More
Dassault Systèmes and the Moscow Aviation Institute (MAI) announced a “strategic partnership” last week that will include the provision of Dassault Systèmes IT solutions and internships in France for the Russian students.
MegaFon, a major Russian mobile operator, has confirmed its acquisition of St. Petersburg Internet provider Web Plus last June, according to the company’s quarterly results. Megafon bought the loss making firm, which owns $4 million in debt, for $2.5 million.
The Moscow State Automobile and Road Technical University (MADI) and the Scientific Center for Complex Transportation Problems of the Ministry of Transport have reached an agreement with IBM for the creation of an academic competence center dedicated to IBM solutions in the area of intelligent transportation systems.
National telecom operator Rostelecom and Irkutsk city authorities signed an agreement last week for the deployment of Rostelecom’s e-government solutions in the city, TASS-Telecom reported citing company sources. Similar agreements have been signed earlier with municipal authorities in Siberian cities of Novosibirsk, Kemerovo, Krasnoyarsk and Omsk.
