Ru-Net, a major Moscow-based venture fund, has set up an American arm to invest in US Internet, SaaS and cloud computing companies. The new fund, named RTP Ventures, opened a representative office in New York City only last month, but has already made several investments in the first months of operations. RTP invests between $1m and $10m …
Ru-Net makes its $700 million available to US tech startups Read More
Germany’s anti-monopoly authorities announced that Gazprom Marketing & Trading (GM&T), a subsidiary of the Russian gas giant, requested their approval to be considered for an acquisition of Envacom. A German solar and wind energy operator, Envacom also offers mobile and Internet access services to more than 500,000 customers.
The Russian cable operator National Telecommunications (NTK) is expected to announce today the formation of a new media company that will develop TV channels. According to Russian business daily Kommersant, it will be made up of two daughter companies named Novyi Vybor (New Choice) and Artmedia Group and initially include seven channels in its portfolio.
ОSG Records Management, a major Russian online backup and document archive solution provider operating in Eastern Europe, could go public in early 2012, Russian business daily RBC Daily reported yesterday. OSG’s initial public offering could take place on the Warsaw stock exchange. “Poland is our second largest market after Russia,” OSG Financial Director Mikhail Shokhorov …
Russian online storage company considers IPO in Poland Read More
Leading Russian financial company Finam says it has been approached by Western funds considering the acquisition of Finam’s web property Marketgid, the leading traffic exchange and affiliation platform in Russia. Finam values Marketgid at $100 million at least, Dmitry Smirnov, the CEO of the Finam Private Equity Fund, told East-West Digital News. According to Smirnov, …
Russian traffic exchange platform Marketgid eyed by Western funds Read More
According to Vkontakte.ru’s co-founder and General Manager Pavel Durov, “Mail.ru Group’s ad sales teams give bribes to ad buyers openly and at a massive scale.” Durov posted the accusation in a discussion on Facebook yesterday, according to the online business publication Marker.ru and IT news and forum site Roem.ru.
Cisco Russia General Manager Pavel Betsis announced last week that his company will start producing IPTV set-top boxes (STBs) as early as next month in an assembly plant belonging to Jabil Circuit, a US-based global provider of electronics manufacturing services. The assembly How To Get Over A Breakup Make Him Want Ou Back plant is …
Cisco to assemble IPTV set-top box components in Tver Read More
Plug and Play Tech Center, a prominent Silicon Valley incubator, got operations underway in Russia last week with the selection of its first five Russian startups. The launch projects, selected by a panel of Plug and Play judges, included Toytemic, a Moscow startup offering a “natural, intuitive method for linking virtual reality to the tactile …
US incubator Plug and Play selects startups to launch operations in Russia Read More
Bidding has closed for the acquisition of Utel, the mobile wing of major fixed-line Ukrainian operator Ukrtelecom, Russian business daily Kommersant reported on Friday. The company’s market share amounts to just 2%, but it is the only Ukrainian mobile operator to hold a 3G UMTS license. The bidders are Russian operators VimpelCom and MTS, Turkcell subsidiary …
Oborot.ru, Russia’s leading online resource and event organizer for e-commerce, announced yesterday the creation of the Electronic Commerce Association, which aims “to facilitate the development of online retail businesses and define the principles of civilized business.”
Russian national telecom operator Rostelecom has formally requested the approval of the Federal Financial Markets Service (FFMS) to list 25 percent of its preferred shares on the London Stock Exchange (LSE), the company announced on Monday. Rostelecom intends to float 60.707 million Class A preferred shares in London, or about 25 percent of its outstanding …
Rostelecom could hold SPO on London Stock Exchange before end 2011 Read More
Nginx, the open source web server publisher (pronounced “engine-x”), has just closed a $3 million round of financing from Russian early stage venture fund Runa Capital, US fund MDS Capital and US-German fund BV Capital-eVenture Capital. The funds raised will be used to “establish a commercial offering that creates new infrastructure solutions for Internet companies in a variety …
