EPAM Systems Inc., a major global software outsourcing provider with development units in Central and Eastern Europe, filed earlier this week to raise up to $133 million in an initial public offering on the New York Stock Exchange. According to a filing with the US Securities and Exchange Commission, the company plans to offer 7.4 …
EPAM Systems launches IPO to raise up to $133 million Read More
Vkontakte.ru, the leading social network in most Russian speaking countries with 33 million unique users daily, has been renamed VK.com. The site has moved to http://vk.com. Old links to vkontakte.ru still work, but will open vk.com pages. The new domain name is easier to type on a mobile device, hard to misspell, easier for international users …
“We are considering an initial public offering to possibly take place in 2012 or 2013,” said Vkontakte.ru founder Pavel Durov in an exchange with Russian online publication Gazeta.ru (English version), following informal statements made on Tuesday at a tech conference in Munich. Although no discussions are being held currently with Mail.ru Group, Yandex or Google, a …
Earlier this week, Microsoft’s Digital Crimes Unit, made the findings of its Kelihos botnet investigation public, accusing Andrey Sabelnikov, a Russian engineer from St Petersburg, of having created the bot code and conducted the operation. In the original complaint filed with the U.S. District Court for the Eastern District of Virginia in September, Microsoft alleged …
Microsoft accuses Russian engineer of creating Kelihos botnet Read More
NIS GLONASS, the Russian national provider of satellite navigation services, announced yesterday that it has signed a memorandum of understanding with Siemens to create an automated system to fine trucks which damage federal roads by exceeding a 12 ton weight limit.
Dnevnik.ru, Russia’s first social educational network, was honored last week as one of the of the best e-learning and educational websites at the World Summit Award 2011. A free, nationwide school network, Dnevnik.ru was established in 2007. The site currently serves 16,000 schools and over 3 million pupils, parents, teachers, and school administrators.
Russia’s second largest mobile device retailer Svyaznoy is considering selling between 20 and 30% of its shares in a private equity deal, Russian business daily Kommersant reported. Maxim Nogotkov, the company’s main shareholder, confirmed that Deutsche Bank and Raiffeisenbank received a mandate to find an investor, but declined to disclose the value of their proposed …
Ostrovok.ru, an online hotel booking service launched in 2010 in Russia, has raised an undisclosed amount from Erik Blachfold, CEO of Expedia, Hotwire and Tripit founder Gregg Brockway and Altimeter Capital’s Brad Gerstner. This Series B round of financing comes six months after Ostrovok raised $13.6 million from General Catalyst Partners, AccelPartners, Founders Fund and Atomico Ventures as well …
Hotel booking service Ostrovok.ru attracts new investment from US businessmen Read More
Vkontakte.ru, the leading social networking site in Russia and most Russian speaking countries, has registered a Ukrainian subsidiary and opened an office in Kiev, the company’s press secretary Vladislav Tsyplukhin told the Ukrainian news agency AIN.UA yesterday. In an effort to deal more directly with local advertisers and media, the Ukrainian representative office intends to …
Vkontakte.ru opens representative office in Ukraine Read More
The Russian Antimonopoly Service allowed Rostelecom, the national telecom operator, to acquire 100% of the shares of Enter, a provider of fixed broadband Internet access in Siberia owned by the Dutch company Consumer Enter B. V. Established in 2005, Enter serves 22,000 customers in Barnaul, Novokuznetsk and Tyumen, three major Siberian cities.
Vkontakte.ru founder Pavel Durov, 27, presented key indicators of his social network yesterday at Digital Life Design (DLD), a global conference on innovation, digital, science and culture held annually in Munich (see video How To Know If Ex Wants You Back ) The site – which has just been renamed VK.com – stands as the largest …
Skolkovo, the innovation hub under construction near Moscow, has set a goal of partnering with 50 additional Russia and foreign venture funds this year, said Skolkovo Investment Director Alexander Lupachev in an exchange last Friday with news agency RIA Novosti.
