GlobeCast Hot Bird 8 satellite to broadcast CTC-International

February 20, 2012

CTC Media, a leading Russian media company listed on the NASDAQ, announced last week an agreement with GlobeCast to broadcast the international Russian-language version of CTC, “CTC-International,” via GlobeCast’s Hot Bird 8 satellite. A subsidiary of France Telecom, GlobeCast is a global provider of content management and worldwide transmission services for professional broadcast delivery. Hot …

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Yandex e-currency enables fund transfers to Visa and MasterCard accounts

February 17, 2012

The users of Yandex.Dengi, which translates to Yandex.Money, can now transfer funds from their Yandex electronic currency accounts to any bank account with a Visa or MasterCard card. Funds can be transferred to the user’s own account or to any other account of their choice, the Russian search giant Yandex announced last week.

W3C opens representative office in Russia

February 16, 2012

W3C, the international consortium developing web standards, announced today the launch of its Russia Office in Moscow. The office is hosted by the Higher School of Economics (HSE), which will help W3C strengthen ties to both industry and research in Russia and abroad.

Ozon.ru acquires online shoe retailer Sapato.ru

February 16, 2012

Asserting its leadership in the fast-growing Russian e-commerce market, Ozon.ru confirmed yesterday the full acquisition of leading online shoe and accessory retailer Sapato.ru for an undisclosed amount, partly paid with shares. Ozon’s intentions had been revealed earlier this month when the Russian antimonopoly authorities gave their green light for the deal.

Runa Capital invests in US website security startup StopTheHacker

April 14, 2017

SaaS website security services provider StopTheHacker announced earlier this week that it received $1.1 million in initial funding from public and private investors including Runa Capital, a Russian early-stage venture capital firm, and Brian NeSmith, former CEO of Bluecoat. StopTheHacker’s proprietary, patent-pending technology helps solve web-scale security problems involving malware on websites, hacker attacks and other types …

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Hulu.com considers entering the Russian market

February 14, 2012

Representatives of Hulu.com, including its Senior Vice President of International Affairs, Johannes Larcher, visited Moscow last week to meet representatives from the Russian online video and movie industries, Russian business daily Vedomosti reported on Friday, citing unnamed sources. The Hulu representatives were inquiring about the current state of the Russian online video market, its key …

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Online hotel booking service Oktogo.ru secures $10 million

February 13, 2012

Russian business daily Kommersant reported from unnamed sources on Friday that VTB Capital has taken part in a $10 million investment round in Oktogo.ru, a leading Russian online hotel booking startup. VTB Capital and Oktogo declined to comment, but the fact that VTB took part in the round was confirmed to East-West Digital News by a …

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Airbnb co-founder Nathan Blecharczyk: “Entering a market is not just buying a local site and putting your brand on it”

December 6, 2021

After launches in a range of European, Latin American and Asian countries, Airbnb.com, the famous US online alternative accommodation service, is coming to Russia. The embryonic Airbnb Russian team is headed by Eugen Miropolski, who formerly held senior executive positions at Fast Lane Ventures, KupiVip.ru, and Groupon Russia. In an interview with EWDN chief editor …

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Tele2 Russia’s revenue reached $1.7 billion in 2011

February 10, 2012

Tele2 Russia, a subsidiary of the Swedish-based European telecom group, announced 21% annual growth of its operating revenue over the course of 2011, to 51.9 billion roubles, or approximately $1.7 billion. The company’s EBITDA reached 20.3 billion roubles, or $676 million, up 36% from the previous year. In March, the company raised $1.06 billion in …

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EPAM Systems completes IPO

February 10, 2012

EPAM Systems Inc., a leading global software engineering and IT consulting firm with development centers across Central and Eastern Europe, completed its initial public offering of common stock successfully on Tuesday. The company raised $72 million by selling 6 million shares at $12 each, 67% of which were offered by selling stockholders. The company had …

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Nordic and Russian finalists at CeBIT’s CODE_n innovation contest

February 10, 2012

Next month’s 2012 CeBIT fair will feature a brand new global innovation contest called CODE_n. Short for ’Code of the New’, the contest aims to seek out and promote the world’s most innovative startups involved in the development of new business models for the internet or mobile devices. Six Nordic and four Russian startups have …

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