Russian early stage fund Runa Capital took part in a round of financing for BigTime, a US corporate software publisher. Along with Runa, the financiers included US and international funds LTC Partners, Geneva Venture Investment Management, Hickory Grove, and Howell Capital for a total amount of $3 million, news agency RIA Novosti reported yesterday.
DST Global, the Russian investor who already owns stakes in Facebook, Groupon, Spotify, Twitter, Zynga, and other prominent web companies, could make a bid for Yahoo jointly with US high tech fund Silver Lake and China’s e-commerce giant Alibaba Group. The news was reported yesterday by Bloomberg from “three people with direct knowledge of the matter.” …
DST, Silver Lake and Alibaba are jointly setting their sights on Yahoo Read More
Fast Lane Ventures, a Western business incubator operating in Moscow, announced earlier this week the launch of Domgeo.ru, an online database of real estate available for purchase or rent. Domgeo’s properties come from as many as 50 agents and developers who have agreed to list their properties on the site on a pay-per-inclusion basis, the …
Fastlane Ventures launches ambitious real estate listings site Read More
Baring Vostok, a leading private equity fund operating in Russia and the CIS, has acquired a 9% stake in 1C, a top Russian publisher of enterprise software and distributor for major international software vendors.
Russian corporate security and IT audit software company Elcomsoft released a new version of its Phone Password Breaker last week that has the ability to recover the passwords of Blackberry smartphones. Data protection on Blackberry devices was considered to be insuperable, but password recovery is possible using Elcomsoft’s technology if the “Device password” security option …
Russian security company breaks Blackberry passwords Read More
Top Russian e-commerce player Ozon.ru will begin delivering its parcels directly to clients in Kazakhstan, the company confirmed to East-West Digital News. The new service will start in November 2011. Ozon.ru is setting up pick up points in Astana, the capital, and Alma-Ata, the country’s largest city and will also offer its own local delivery …
On Thursday, October 1, a group of anonymous Russian citizens launched Rusleaks, a web site providing open access to a significant volume of personal and corporate data from a variety sources, including highly confidential ones such as the databases of Russian tax service and law enforcement agencies. The site was no more accessible today after …
Russian authorities block huge new personal data leak Read More
Yandex announced on Friday it has invested in US search engine company Blekko.com. The Russian search giant invested $15 million out of a total of $30 million attracted in the round in exchange for an approximate 10% stake in the company, Yandex reported to East-West Digital News.
Lev Kuznetsov, governor of the Siberian region of Krasnoyarsk, approved an innovation development strategy last week slated to run to 2020. “Reaching agreement between government, science and business on this issue is of utmost importance. The system we are building has to address two existing weaknesses in Russian innovation: insufficient coordination as well as weak …
The share price of Russian search giant Yandex, introduced on NASDAQ in May, hit a historic low yesterday at $21.17 before closing at $22.6 – well below the company’s IPO offer price of $25 and almost two times below the peak level, $42.01, reached shortly after the stock was listed. Investor defiance peaked on Wednesday …
Painful week for Yandex on NASDAQ after market share drops and patch up work goes wrong Read More
Russia has decided to opt for the DVB-T2 standard for its digital terrestrial services and will now set up pilots in eight cities. Several local reports say the decision was made last week by a government commission chaired by Igor Shuvalov, the deputy PM.
Code4Country, a two-day jointly sponsored US-Russian programming contest, or “codeathon,” took place on 24 -25 September, pitting national programmer teams against each other in a battle to produce innovative tools that enable greater transparency and more open government.
