News

Anywayanyday seeks to raise $40 million ahead of possible IPO

September 26, 2012

Anywayanyday.com, a popular Russian online retailer of air tickets, has mandated Merrill Lynch to secure a $40 million round of financing, the Russian business daily Kommersant reported yesterday, citing unnamed sources. The new round of financing will allow Anywayanyday to accelerate its development, particularly in foreign markets. The site, which offers an interface in English …

Anywayanyday seeks to raise $40 million ahead of possible IPO Read More

Megafon could acquire leading mobile phone retailer Euroset

September 26, 2012

On Monday, the Federal Antimonopoly Service (FAS) announced via Twitter that Megafon, one of Russia’s leading mobile operators, has officially filed a request to acquire a 50% stake in Euroset, the country’s largest mobile phone retailer. The terms of the deal have already been defined, the Russian media reported, with oligarch Alexander Mamut yielding his …

Megafon could acquire leading mobile phone retailer Euroset Read More

E-commerce SaaS solution developer secures $600,000 from Leta Capital

September 24, 2012

Leta Capital announced last week it has invested $600,000 in Redhelper, a provider of SaaS solutions for online customer service and behavioral data analysis for e-commerce sites. The transaction valued the company at “more than $2 million,” Leta announced. The startup was founded just one year ago by three classmates from the technical deparment of …

E-commerce SaaS solution developer secures $600,000 from Leta Capital Read More

Singapore-funded Russian startup turns Twitter accounts into stock exchange value

September 21, 2012

This week, the Russian startup scene has witnessed the launch of a new concept that could potentially target half a billion users around the world: Twistock.com, a site that transforms Twitter social influence into virtual stock value and ultimately material value. Upon registration, Twistock users receive a certain amount of virtual money, or starting capital, …

Singapore-funded Russian startup turns Twitter accounts into stock exchange value Read More

With Runa Capital’s $5 million, US’ Station X poised to “crack genetic code”

September 21, 2012

Station X, a Silicon Valley based developer of software for scientific and clinical genome research, has just raised $5 million in its second funding round led by Runa Capital, a Russian early stage VC fund. The two-year-old US start-up, which focuses on genome data analysis and visualization for clinical and research apps, is expected to …

With Runa Capital’s $5 million, US’ Station X poised to “crack genetic code” Read More

Russian software publisher ABBYY acquires US VAR Digital Documents

October 17, 2018

Abbyy, a Moscow-headquartered global provider of document recognition, data capture and linguistic technologies and services, announced last week it has acquired Digital Documents, a California-based value-added reseller (VAR) and systems integrator. Digital Documents provides with document capture, recognition and retrieval technologies for the healthcare, education, government, financial services and retail markets. The company claims it serves …

Russian software publisher ABBYY acquires US VAR Digital Documents Read More

Online retailer found guilty of trademark infringement in ‘gray import’ scheme

September 20, 2012

Last month, the Russian Supreme Court of Arbitration issued a ruling that dashed any hopes the Bestwatch.ru online retailer had for a favorable settlement with Longines Watch, a renowned Swiss watchmaker. Following the withholding of its petition to suspend an earlier legal resolution, the Russian online store will have to pay 3 million rubles, or …

Online retailer found guilty of trademark infringement in ‘gray import’ scheme Read More

Apple’s iOS 6 uses Yandex geo-search for Russia

September 19, 2012

Apple has tapped into solutions offered by Yandex, Russia’s Internet search giant, for the latest update of its iOS 6 mobile platform, the Russian news agency RIA Novosti reported, citing an unidentified source with knowledge of the matter. “Apple’s Russian map coverage is far from ideal, and therefore the company is drawing on Yandex technology,” …

Apple’s iOS 6 uses Yandex geo-search for Russia Read More

MTS assets seized in Uzbekistan; mobile operator envisions $1 billion loss

September 19, 2012

On Monday, the Tashkent City Court in Uzbekistan handed down a decision ordering the forfeiture of assets held by a local mobile service operator in a controversial ruling that may cause the operator’s owner, Russia’s MTS, to charge off a loss of up to $1 billion, the Russian news agency RIA Novosti reported. The Court’s …

MTS assets seized in Uzbekistan; mobile operator envisions $1 billion loss Read More

First Skolkovo building to be unveiled in late September

September 18, 2012

The first building for the innovation city (‘Innograd’) of Skolkovo, the international tech hub under completion near Moscow, will be officially unveiled later this month, boasting an impressive number of innovative and environmentally friendly features. The word “hypercube” is often associated with Andrzej Sekuła’s movie thriller of the same name. In the film, characters are …

First Skolkovo building to be unveiled in late September Read More

Russia’s intelligence service seeks to influence social media

September 18, 2012

In the first two months of this year, the Russian Foreign Intelligence Service (SVR) commissioned three closed tenders worth more than 30 million rubles, approximately $1 million, in total, with the aim of  creating systems for “mass distribution of information messages through social networks with the purpose of forming public opinion.” One of the systems, …

Russia’s intelligence service seeks to influence social media Read More

Rusnano invests in US portable power technology developer

September 18, 2012

Lilliputian Systems, a developer of portable power products for consumer electronics, announced last week it has closed on $40 million of a planned $60 million equity financing round led by Rusnano. The Russian nanotechnology giant joins Lilliputian’s current blue chip investors including Intel Corporation, Kleiner Perkins Caufield & Byers, Altira Group, Stata Venture Partners, Atlas …

Rusnano invests in US portable power technology developer Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.