Restaurant software publisher iiko raises $6 million for international expansion

October 24, 2012

Russian HORECA software publisher iiko has finally secured the funds it had been seeking for nearly one year. The funds have been provided by Russian tech fund Leader Innovations, Russian business daily Vedomosti reported on Monday, citing the iiko’s General Director Roman Abramov. The $10 million investment will be released in two tranches, including $6 …

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ShoppingPlus teams up with LG for Smart TV shopping

October 24, 2012

Shopping platform ShoppingPlus, a copycat of Germany’s KaufDA and a competitor of Lokata.ru on the Russian market, is experimenting with connected TV, having made its service available to users of LG’s Smart TV. Just like Lokata.ru, ShoppingPlus shows the products currently sold in stores and their prices, as well as special offers. It also lists …

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Unlicensed software still widespread in Russian companies, but repression intensifies

October 24, 2012

An estimated forty-three percent of Russian employees use unlicensed copies of software at work, copies that in a majority of cases were installed by their employers, revealed a survey conducted by Russian online job site HH.ru earlier this month. Employers’ greed is the main culprit, according to the respondents, who suffer from a range of …

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IBM teams up with RVC to support startup innovation in Russia

October 24, 2012

IBM and RVC, the Russian state-owned fund of funds dedicated to innovation, announced on Monday that they will cooperate to develop the country’s innovation ecosystem. In particular, with RVC’s help, the US IT giant will make available its Global Entrepreneur Program to Russian IT startup entrepreneurs, who may benefit from gaining free access to IBM’s …

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Russia needs foreign IT specialists, minister says

October 23, 2012

Since the national educational system is not providing Russia’s IT industry with enough qualified IT workers, these cadres must be attracted from abroad, said Nikolai Nikiforov, Russian Minister of Communications and Mass Media, in a forum on international investment held in Moscow last week. “The IT industry, indeed, is experiencing an acute shortage of qualified …

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Russian online tracking system tested in New York City buses

October 23, 2012

Doroga.tv, a startup based in Nizhniy Novgorod, has received permission from the Metropolitan Transit Authority (MTA) in New York on a test launch of software it has developed for the online tracking of city buses, Venture-News.ru reported last week. If the test is deemed successful, the system could become a permanent feature of the city’s transport resources. …

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1C acquires business mobile app developer Agent Plus

October 22, 2012

1C, Russia’s leading publisher of entreprise software, has acquired a 51% stake in Agent Plus, a developer of corporate mobile solutions, for an undisclosed amount. The two companies will create a joint venture for R&D and commercialization purposes, Russian IT portal CNews.ru reported last week. Agent Plus was established in Astrakhan, Southern Russia, in 2004. …

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Mobile internet to trigger the Russian telecoms market

October 22, 2012

The Russian telecommunications market is growing fuelled by investments of mobile operators and broadband internet access services expansion. It is now expected to cross the value of €31 bn in 2012. Further 3G-LTE development is outstripping WiMAX and CDMA. According to the latest report by PMR, a market research company, the value of the telecommunication …

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Startup-Afisha goes global with English-language Russian startup database

October 16, 2012

Startup-Afisha, an online resource for Russian startups that has thus far focused on the domestic market, yesterday announced a decisive shift to address a global audience. Slated for launch next month, its startup database RusBase will “provide Russian IT startups with access to leading Western funds” and “link Russian funds to international partners for co-investment.” …

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Russian railways adopt RFID

March 2, 2017

Russian Railways, the national rail operator, plans to introduce RFID tagging across all its assets, from rail cars to tracks and stations, over the next year, the Russian newspaper Izvestiya reported last week, citing a source in the Russian Ministry of Industry and Commerce. Reader devices will be mounted on locomotives. The data read from …

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‘Est’ Idea,’ a new Web-based platform to hunt for innovation

October 11, 2012

‘Est Idea,’ which translates as “I’ve got an idea,” is a new web platform being launched in Russia. It focuses on automatic control systems, telecommunications, and data transfer. The pilot project, developed by the Moscow-based NIIAA Semenikhin Research Institute of Automatic Equipment, presents itself as “an open public online platform enabling the accumulation of ideas; …

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