Rostelecom and Intel signed a memorandum of understanding last week for the joint design and production of end user broadband Internet connection devices. Based on Intel technology, the devices will be commercialized in Russia under the Rostelecom’s brand.
German business software giant SAP, which dominates the Russian ERP market with a whopping 50.5% market share, plans to invest €1 billion in Russia and the CIS markets by 2015, Frank Cohen, the President of SAP EMEA, announced at a news conference on Tuesday.
Russia’s Mail.ru Group, which leads the Russian-speaking Internet in terms of traffic, plans to double the number of developers working on its own Internet search mechanism, Russian business daily RBС reported on Tuesday, based on information provided by Mail.ru Group. Mail.ru plans to increase its share of the Russian Internet search market in the future, …
Mail.ru doubles investments in its own search engine Read More
Russia’s national telecom operator Rostelecom, US software giant Microsoft, and top Russian enterprise software publisher 1S signed agreements to jointly develop cloud computing projects. Appointed in March by the Russian government to develop a national cloud computing platform by 2015, Rostelecom announced its intention to invest more than ten billion rubles (approximately $357 million) into …
Microsoft and 1S to develop cloud projects with Rostelecom Read More
Mail.ru Group co-founder Yuri Milner intends to sell a portion of his shares in the LSE listed group for $60.7 million, Bloomberg reported yesterday. While the shares are currently offered on the stock exchange at $34 to $35.25 apiece, the valuation of Milner’s share offer is based on the September 19 close of $35.72 per …
Milner seeks to sell Mail.ru Group shares for $60.7 million Read More
VimpelCom, a leading Russian mobile operator and international telecom company, intends to abandon its project for the creation of a mobile digital television system on the DVB-H standard, Vedomosti reported last week. Among the main obstacles to developing the business have been regulatory complications – including licensing issues as well as equipment use authorizations – …
VimpelCom to drop DVB-H project due to regulatory complications Read More
Yandex announced today that it has launched a Turkish version of its search engine along with a range of other services created specifically for web users in Turkey – including webmail, news aggregation and automated translation services. Until now, the Turkish market has been dominated by search giant Google, with a market share exceeding 93% …
TMT Investments announced last week that it has acquired a 10% stake in Unicell, a leading mobile application service and content provider in Israel, for 10.4 million shekels, or approximately $2.96 million. This transaction seems to mark the first investment of a Russian company in a mobile content provider outside the former USSR.
Irkutsk regional Vice President Viktor Nechayev made a series of announcement last week at the Baikal Economic Forum regarding the forthcoming development of innovative industries – including IT – in the region. Among the projects under consideration is a local venture fund with the participation of state-owned fund of funds the Russian Venture Company. Other …
Microsoft earned over $1 billion on the Russian market in the financial year ending June 30, the company’s Chief Operating Officer Kevin Turner told analysts. Microsoft’s revenues on the Russian market showed the fastest growth in terms revenues, alongside its growth on the Brazilian market, Turner added.
Tokyo-based cyber security firm TrendMicro revealed on Wednesday a major cyber theft of $3.2 million in six months starting in January 2011. The young hacker, nicknamed “Soldier”, resides in Russia, the firm believes. TrendMicro reported on this case in the company’s weblog this Wednesday.
A new worldwide games market study released on Tuesday by Amsterdam based research firm Newzoo forecasts that Russian consumer spending on games will grow to $1.5 billion in 2011. The absolute number of Russian gamers, 38 million, or 83% of the country’s total 45 million Internet How To Get Ex Boy Back monthly users aged …
38 million Russians to spend $1.5 billion on games in 2011 Read More
