Enterprise software

Kaspersky Lab acquires stake in Russian cloud tech company NCT

May 10, 2019

Moscow-based Kaspersky Lab, one of the world’s top cyber security vendors, has announced the acquisition of a 29.5% stake in New Cloud Technologies (NCT), the Interfax news agency reported. Launched in 2013 — now with offices in Moscow, St. Petersburg and Innopolis (Tatarstan) — this company develops complex cloud solutions  for online mass storage and document processing. Its …

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Sberbank, Gazprombank and Digital Horizon aim to create “global leader” in biometrics

August 6, 2019

Sberbank, the state-controlled financial giant, intends to acquire a 51% stake in Speech Technology Center (STC) from Gazprombank, a financial arm of the Russian gas company.  Digital Horizon, a VC and business incubation firm with offices in Moscow and Tel Aviv, has also agreed to acquire a minority stake in STC.  After deal completion in …

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Sberbank launches corporate travel booking service with all-electronic document flow 

July 13, 2019

Sberbank, the giant state-controlled financial institution, has made a new step to extend activities to ever-new fields. Presented just days ago, ‘Business Travel’ helps the bank’s corporate clients organize business trips, buy rail and air tickets, or book hotel rooms. The business trip documents required under Russian legislation – such as the ‘letter of assignment’ …

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Russian-founded web server leader acquired by US company for $670 million

December 17, 2019

Nginx (pronounced “engine-x”), a US-based open source web server publisher with Russian origins, has been acquired by F5, a global leader in multi-cloud application services. The transaction amounted to “approximately $670 million,” the companies announced, for the full acquisition of Nginx. By this acquisition F5 aims to “bridge the divide between NetOps and DevOps with consistent …

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Russian-founded Veeam Software secures $500 million from US and Canadian investors

January 16, 2019

Veeam Software, a global leader in cloud data management software, today announced it raised $500 million from Insight Venture Partners and Canada Pension Plan Investment Board (CPPIB). The fundings will be used “to accelerate the next phase of Veeam’s growth as the number one provider of data management solutions for the public and private cloud,” according to Veeam’s …

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Corel acquires leading cross-platform solution publisher Parallels

December 25, 2018

Parallels, a global leader in cross-platform solutions founded in 2000, has been acquired by the Canadian software giant Corel. As a result, “Corel now offers the complete Parallels product line as part of its industry-leading software portfolio,” according to a corporate statement published Dec. 20. Parallels’ products – including its popular software for running Windows on Mac …

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Russian-founded software publisher RealtimeBoard raises $25 million in California

January 9, 2019

RealtimeBoard, a startup with Russian roots which offers a visual collaboration tool for distributed teams, has raised $25 million in California. This Series A funding round was led by Accel, with participation from existing investor AltaIR Capital, a seed stage fund with Russian and Israeli roots. Another investor in RealtimeBoard is Dutch businessman Bas Godska, …

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Yandex.Taxi asserts market leadership, announces new acquisitions

November 12, 2020

Several news came last month from Yandex.Taxi, the taxi-hailing company which merged activities in Russia and some neighboring countries with Uber earlier this year. The company  bought the software assets of a Moscow-based company, Nowtaxi. The software supports the accounting of operations with affiliated drivers and provides related analytics. Formally, the software assets, not the company, have …

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IT security startup Wallarm raises $8 million to continue its Russian-American success story

October 23, 2018

Wallarm, a cybersecurity startup with Russian roots, announced yesterday the completion of a $8 million round in California. The round was led by Toba Capital with participation from Partech Ventures and Gagarin Capital (which had invested in the company’s previous round) and Y Combinator (from which Wallarm graduated in 2016). “Given the growing sophistication of …

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Abbyy and Softline invest in document software technologies

October 21, 2018

Abbyy, a Moscow-headquartered global provider of content intelligence solutions and services, has acquired ATAPY Software, as reported by online publication Rusbase. The terms of the deal have not been disclosed. Based in Novosibirsk, Siberia, ATAPY Software provides a variety of custom software development services in the fields of document workflow, document imaging, data capture, optical character recognition (OCR), …

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Russian-founded startup raises $5.7 million to help crowdworkers and data scientists work together

August 14, 2018

Dbrain, a startup that “turns raw data into real-world AI,” has just raised $5.7 million from Angelvest and Bitfury Group. Two distinct deals were closed in late July, the startup’s press service told us: an equity and a private token sale, of $3 million and $2.7 million respectively, with a group of cryptocurrency traders contributing to the token sale. …

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E-commerce SaaS publisher PimPay secures more than $3 million from IIDF

July 24, 2018

Last week the Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s biggest fund for early-stage startups, announced that it invested 200 million rubles (around $3.1 million at the current exchange rate) in the microcredit and factoring startup PimPay. The fund has received a minority share; no other details of the deals have been disclosed. The PimPay …

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