News

Troika Ventures exits Evernote at 10 times original price

February 4, 2012

The Russian venture capital firm Troika Ventures, the first institutional investor in Evernote, has decided to sell its stake in the California based IT company. Founded in 2007 by a Russian-American team, Evernote offers a range of computer, phone and web-based tools designed “to remember things big and small from your notable life.” The startup has signed up 20 million …

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Rostelecom acquires majority stake in Armenian Internet and data provider GNC-ALFA

February 3, 2012

Russia’s national telecom operator Rostelecom yesterday announced that its wholly-owned subsidiary, Teleset Networks, has invested 682 million rubles ($22.5 million) to take a 75% minus one share stake in GNC-ALFA, the largest independent Internet and data provider in Armenia. “This is the first acquisition outside of Russia that we have concluded as part of our …

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Ozon.ru considers acquiring shoe retailer Sapato.ru

February 3, 2012

Russian e-commerce giant Ozon.ru is considering the aquisition of online footwear retailer Sapato.ru, having received the green light from the antimonopoly authorities on February 1st. Ozon has not yet made a final decision,  and is also considering other acquisitions, the company’s PR manager Maria Nazamutdinova told Russian business information site Marker.ru.

RVC USA “melds US innovation with the resources of Russia”

February 2, 2012

Russian Venture Company (RVC), the state-owned fund of funds dedicated to innovation, is looking to invest in US startups through a newly-established office in Boston. RVC-USA presents itself as a “visionary and strategic investor that melds the innovation of US startups with the resources of Russia.” Its possibilities include direct investment in local startups, in particular those …

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Report: Russia still a threat to global cyber-security, but less exposed to attacks

February 2, 2012

Russia is perceived as a threat to global cyber-security, says a report on worldwide technology safety released earlier this week by the Brussels-based Security & Defence Agenda (SDA). According to experts surveyed for “Cyber-security: The vexed question of global rules,” Russia remains “a thug state with great hackers.” The report cites Vitaly Kamluk of the …

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100 IT projects nearing completion at Domodedovo airport

February 2, 2012

No less than one hundred IT projects are at different stages of completion at Moscow’s Domodedovo airport. The projects have a budget totalling 2 billion rubles, or approximately $66 million, over two years, Domodedovo’s IT Director Viktor Ponomarenko announced yesterday.

Eurosport inks Russian mobile TV deal

February 2, 2012

Eurosport has extended its partnership with MTS, a leading Russian mobile operator, thereby providing the latter’s mobile TV subscribers with access to Eurosport and Eurosport 2. In a statement, MTS says it has one of the most developed 3G networks in Russia, covering around 80% of the population and that the number of users of …

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Russia’s “Big Three” mobile operators join forces to develop m-commerce

January 30, 2012

Russia’s three leading mobile operators, Megafon, MTS and Vimpelcom, announced last week they will provide their subscribers with full common access to their respective mobile payment systems. Over the last two years, Russian mobile operators have developed and diversified their mobile payment systems far beyond traditional premium SMS. The ‘Easy Payment’ of MTS, ‘Mobile Payment’ and …

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High tech holding RTI to acquire system integrator NVision

January 27, 2012

RTI, a large Russian group of high-tech research and production companies, announced on Tuesday the acquisition of NVision, a Moscow based system integrator with regional representative offices in Ekaterinburg, Novosibirsk, Nizhny Novgorod, St. Petersburg, as well as in Kazakhstan and Uzbekistan. RTI will pay $200 million in exchange for a 50% stake in NVision, while …

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How a Russian cyber gang created Facebook’s most famous worm

January 27, 2012

Koobface (the name is an anagram of Facebook), the most famous worm in Facebook’s history, has attracted public attention once again after the social network’s security service announced earlier this month that they were going to reveal the names and photos of criminals behind the malware.

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