The Russian state owned fund of funds Russian Venture Company (RVC) announced last week it had participated indirectly in a $40 million round of financing for One Kings Lane, a leading US flash sales site on the home furnishings market. The investment was made through Institutional Venture Partners XIII (IVP), a prominent later stage venture …
Russian Venture Company invests in US home decor site One Kings Lane Read More
DST Global, the top Russian international investor in Internet assets, and Silver Lake, a global leader in private investments in technology, announced last week their commitment to invest in Alibaba Group, a premier Chinese technology company. This is the second investment from DST this year in Chinese e-commerce. In March, the fund took part in the third …
DST and Silver Lake invest over $1.6 billion in Alibaba Group Read More
Nokia Siemens Networks and Micran, a Tomsk based Russian producer of microwave telecommunication and measurement equipment, finalized their joint venture agreements on Monday to locally produce LTE base stations. The share split in the JV will be 75%-25% in favor of Nokia Siemens Network.
Global satellite operator SES and Russian satellite operator Gazprom Space Systems (GSS) announced the formation of a strategic partnership last week to provide additional satellite capacity to serve the Russian market. Under the agreement, SES has repositioned its ASTRA 1F satellite from 51 degrees East to 55 degrees East, reported Telesputnik, a Russian publication covering …
SES and Intelsat satellites repositioned to better cover Russian territory Read More
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.
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.
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.
Surfingbird.ru, the first collaborative content discovery service on the Russian-language Internet, raised $2.5 million last month from Russian and French business angels. The deal brought the startup’s valuation to just under $2.5 million, a source close to the deal told East-West Digital News.
Senior Russian and Singaporean representatives meeting at bilateral commission in Moscow on Tuesday have agreed to develop cooperation in the information technology sector – in particular in the sphere of personal data security.
