Crocus Technology, a leading developer of magnetic memory technology based in Grenoble, France, announced yesterday a joint technology development agreement and a patent license agreement with IBM to integrate magnetic technology into semiconductor products.
Just one week after Yandex stock plummeted on the NASDAQ, Mail.ru Group capitalization hit a record low yesterday on the LSE, falling by 15.1% to $24.5 per share – below the company’s IPO offer price of $27.7 per share one year ago. Most stock indexes fell yesterday – FTSE 100 by 2.6% and Russian stock …
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
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 …
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.
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
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.
Russian programmer and businessman Valery Gasratov launched social gifting application Giftofoni last week, allowing Turkish speaking Facebook users to order gifts and organize parties. The application is derived from Welcome Gifts, Zhelannye Podarki in Russian, an application launched last year by Gasratov’s team on Odnoklassniki.ru, a leading Russian social networking site. Welcome Gifts was used by 12 …
Ambitious Russian social gifting app launched on Turkish version of Facebook Read More
Last week, IT firm Asteros, headquartered in Moscow, became the first Russian company to receive the status of Authorized Systems Integrator from Apple. Asteros will integrate and service Apple-branded hardware into its clients’ IT infrastructure and tailor the US company’s software to fit the needs of Asteros’ Russian clients.
The Italian government has sold three LTE licenses in the 800 Mhz frequency range for a total of €3.7 billion. Wind Telecomunicazioni, a fully owned subsidiary of VimpelCom, paid €977 million for the license and intends to bid for further frequencies in the 1,800, 2,000 and 2,600 Mhz ranges. The other successful license auction bidders …
VimpelCom Italian subsidiary Wind acquires LTE license for €977 million Read More
