News

Russian webmail services Mail.Ru and Yandex Pochta ranked 4th and 5th in Europe

August 22, 2012

A Comscore report on Internet usage in Europe released yesterday has ranked Mail.ru and Yandex Pochta respectively 4th and 5th web-based mail services in Europe. In June, the reports says, 276.5 million people in Europe accessed webmail services via their computer, equalling to a 69.5% reach among the Internet audience above 15 years of age. The …

Russian webmail services Mail.Ru and Yandex Pochta ranked 4th and 5th in Europe Read More

Gay and lesbian couples allowed to show same-sex family status on Russia’s leading social network

August 20, 2012

Users of Russia’s leading social network, Vkontakte.ru (also known as VK.com), can now list a person of the same sex as their partner under the rubric “family situation.” The move – a personal decision by site founder Pavel Durov – is particularly notable in a country that formally decriminalized homosexuality only in 1993, and where …

Gay and lesbian couples allowed to show same-sex family status on Russia’s leading social network Read More

Mail.ru Group to pay record dividends

August 9, 2012

Mail.ru Group, a leading, LSE-listed Russian Internet group, will pay $800 million in dividends – mostly as a result of the sale of shares of Facebook. In May, Mail.ru received approximately $850 million for its share in the American social network. This is the first time in its history that Mail.ru has paid dividends, and they …

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US cloud telephony service provider Infratel raises $3 million from Runa and Prostor

August 8, 2012

Infratel, provider of cloud telephony services for small businesses, announced yesterday it has secured $3 million in Series A funding from Moscow-based international funds Prostor Capital and Runa Capital. The terms of the deal have not been disclosed. The funds will be used to build out Infratel’s cloud telephony platform for small business and to strengthen the company’s presence globally.

TMT Investments invests in US online backup provider and Estonian business software publisher

August 3, 2012

The London-headquartered Russian fund TMT Investments has invested $5 million in equity funding in Backblaze, a leading California-based online backup provider. While Backblaze is already profitable, this funding will be used to accelerate hiring for product development, global marketing, and partnerships, the company stated last week. TMT also invested $325,000 in Pipedrive, an Estonian business software …

TMT Investments invests in US online backup provider and Estonian business software publisher Read More

SEO and advertising company SeoPult raises record $10 million; eyes foreign markets

August 1, 2012

Leading Russian SEO and online advertising automation platform SeoPult announced yesterday that it raised $10 million from iTech Capital, a Moscow-based private equity and VC fund, in exchange for an undisclosed minority equity stake. The amount stands as a record in the Russian online marketing industry. The SEO and SEM markets in Russia are growing steadily …

SEO and advertising company SeoPult raises record $10 million; eyes foreign markets Read More

Yandex improves click-through rates, expands profitability

August 1, 2012

The users of Yandex and its partnering sites click significantly more often on sponsored links following the introduction of new targeting instruments in the third quarter of last year, the search company announced to the press on Tuesday. These new instruments include targeting by gender, age and other socio-demographic criteria. Click-through rates grew by no less …

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Russian and Chinese technoparks strike cooperation agreement

July 31, 2012

Last week, “Zhigulyovskaya Dolina,” a technopark nearing completion in Russia’s Samara region, and China’s Tsinghua Science Park (TusPark) of Tsinghua University in Beijing signed a memorandum of cooperation. TusPark specializes in commercializing science and technology research.

Tatarstan startup contest sees six winners; government grants issued

July 31, 2012

Six projects have won the “Startup-Sabantuy!” contest organized by Kazan’s IT-Park and the venture fund Runa Capital. Two thousand participants from 13 cities of the Volga Federal District presented 130 projects in an “elevator pitch” format. Thirty selected projects then took part in the next stage – a five-day Startup Camp that included business training …

Tatarstan startup contest sees six winners; government grants issued Read More

Germany’s Media-Saturn acquires online consumer electronics retailer 003.ru

July 28, 2012

German consumer electronics retailing group Media-Saturn announced yesterday it has acquired 003.ru, a leading Russian online retailer of consumer electronics, from its founder Vladislav Ulendeev, for an undisclosed amount. Founded in 2000, 003.ru generated revenues of €20 million euros in 2011 with a headcount of approximately 50 employees. The brand 003.ru comes number four in the customer awareness ranking …

Germany’s Media-Saturn acquires online consumer electronics retailer 003.ru Read More

Sarov technopark to raise $30m in venture investment

July 27, 2012

The technopark of Sarov in the Nizhny Novgorod region plans to raise 1 billion rubles, or some $30 million, to finance investment projects which will be selected through an innovation contest, the RIA news agency reported earlier this week. The contest will cover 13 different technological fields, including IT, supercomputers, space systems, transportation, and electrophysical …

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