International

Russian Venture Company invests in US home decor site One Kings Lane

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 …

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DST and Silver Lake invest over $1.6 billion in Alibaba Group

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 …

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SES and Intelsat satellites repositioned to better cover Russian territory

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 …

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Yandex launches in Turkey

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% …

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Russian fund invests in Israeli VAS Unicell

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.

Russia among fastest growing markets for Microsoft

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.

Russian hacker stole $3.2 million from US organizations in 6 months

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.

Russian StumbleUpon copycat Surfingbird secures $2.5 million

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.

Russia and Singapore to develop IT projects

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.

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