In late September Embracer Group AB, a major Swedish developer and publisher of PC, console and mobile games for the global market, announced the full acquisition of Russian Bytex. Founded in 2004 and based in Saransk (650 km east of Moscow), Bitex is a quality assurance (QA) studio focusing on games and B2B web portals. …
Swedish Embracer Group buys Russian game QA studio Bytex Read More
Yandex plans to launch a cloud business in Germany next year, the company said ahead of its annual Yandex.Scale cloud conference in late September. The NASDAQ-listed Russian digital major is making an initial investment of $30 million until the end of 2022. The money will be used to purchase equipment and rent data centers. Yandex …
Yandex invests $30 million to launch cloud business in Germany Read More
Last month Russoft, a major Russian IT association, released its 17th “Annual survey of the software development Industry.” Even though its data relate mostly to 2019 — not 2020, — this report offers a variety of interesting market insights. Some of them may be summarized as follows: Sales volumes: The Russian software industry (including both software …
Report: Russian software companies generate growing sales in emerging markets Read More
Russian 3D rendering company Megarender has secured $3 million from Scalo Technologies, a firm launched earlier this year to invest in artificial intelligence and B2B cloud services. Megarender facilitates access to powerful servers to increase considerably the speed of 3D rendering. Customers may thus use such software as 3ds MAX, Arnold, Blender, Cinema 4D, Corona Renderer, …
New Russian AI and cloud investment firm backs 3D rendering company Megarender Read More
A Russian government agency has proposed banning the use of foreign information technology for critical national infrastructure, a draft government order shows, as Moscow moves to step up its control over the internet within its borders. The Federal Service for Technical and Export Control (FSTEC) has proposed increasing the technological sovereignty of critical infrastructure, systems …
Russia proposes banning foreign IT for critical infrastructure Read More
Sberbank, the Russian financial and technological behemoth, is preparing “Russia’s fastest supercomputer” for commercial launch. This computational capacity was unveiled at an industry conference last month by Sberbank CEO German Gref in presence of President Putin . The supercomputer will be made available to customers of SberCloud, Sberbank’s cloud solution, starting from December 12 as scheduled by the …
Sberbank makes AI-oriented supercomputer available to organizations “of any size” Read More
US industry association IAOP has just released a new edition of its annual Global Outsourcing 100 ranking to identify what it judges to be the best IT outsourcing service providers in the world. This year’s ranking, unlike for the previous editions, features “companies that have led the development of the industry, as reflected in their place on …
Last month crypto mining service provider CryptoUniverse launched what it claims to be Russia’s biggest data center for cryptocurrency mining. Located in the industrial park Levoberezhnyi at Kyryshy, a town in the the Leningrad (St. Petersburg) region, the facility occupies 4,000 sq. m. and hosts 3,000 machines to mine Bitcoins and Litecoins. “We are offering …
Russian company launches giant mining farm near St. Petersburg Read More
The Russian gaming technology startup Playkey, which has asserted itself as notable player on the global cloud gaming scene, was born just five years ago out of a child’s dreams. Its founder, Egor Guriev, has been passionate about computer games since he was a schoolboy, when he saved on meals and textbooks to buy his …
From cloud to blockchain, Russian startup aims to make online gaming accessible to all Read More
DeNet, a startup co-founded by a 19-year-old programmer and senior industry professionals, aims nothing short of disrupting the way web hosting works today. “We are bringing it back to the original idea of decentralization,” says Denis Shelestov, the company’s young CTO. DeNet believes the way the Internet operates these days is a vast digression from …
This 19-year-old Russian tech genius wants to “make the web decentralized again” Read More
Last week, the Industry and Trade Ministry suggested to entrust the National Informatics Center (NIC), a subsidiary of the state-owned corporation Rostec, with implementing the requirements of the new “anti-terrorist” legislation related to the storage of phone and Internet communications. Dubbed “Big Brother law,” this legislation was adopted by the Russian parliament and signed by …
Rostec suggests to use pension fund to finance implementation of ‘Big Brother law’ Read More
Two funds managed by Da Vinci Capital Management — Da Vinci Private Equity Fund II L.P. and Da Vinci Pre-IPO — have invested in Softline, a Moscow-based international software licensor and IT service provider. The news was reported last week by Russian business daily Kommersant based on exchanges with Softline top executives. The details of the transaction has not been …
