Dutch fund buys leading digital TV equipment distributor
First Satellite Company, Russia’s leading distributor and retailer of digital TV equipment, announced last week that it has been acquired by Dutch fund Enterprise Emerging Markets Fund B.V.
St Petersburg
Russian online hotel booking system raises funds from Western and Russian VCs
Oktogo.ru, a Russian online hotel reservation company with its headquarters in St. Petersburg, is closing a $5 million round of financing with Western funds Ventech and Mangrove Capital Partners and Russian fund ABRT. The two Western funds confirmed the transaction to EWDN but did not disclose the startup’s valuation.
Russian mobile phones to be used for cashless payments
Ambiq Tech St. Petersburg, the Russian branch of American company Ambiq Technologies, yesterday unveiled a mobile phone add-on for Russian customers. Based on Near Field Communication technology, a short-range wireless connectivity standard, the insert allows customers to use their phone as a discount card or a payment instrument linked to their bank account.
US magazine identifies Russia’s 10 most innovative companies
After compiling a list of the “Top 50 Most Innovative Companies” worldwide last month, which included Yandex and Kaspersky Lab, U.S. business magazine Fast Company has now issued a ranking of the “Ten Most Innovative Companies in Russia.”
First Line Software reports strong 2010 results, expect further growth in 2011
New York and St. Petersburg — First Line Software, a premiere provider of custom software development services to industry leaders and growth companies around the world, announced today its impressive growth figures for 2010.
NetApp opens its first Russian training center in St. Petersburg
IT-Grad, a local provider of functional IT outsourcing services, yesterday opened in St. Petersburg the first Russian training center for NetApp, a US-based creator of storage and data management solutions.
