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
MTS, a leading Russian mobile operator and retailer, has announced plans to bring special, radio-enabled wrist straps to the Russian market by the end of this year. The electronic bracelets will help users obtain unaided health checkups and obtain professional medical advice remotely. This telemedicine-supporting device, called ‘Opeka,’ has been designed by a private-public partnership …
MTS engages in telemedicine; SIM chip powered straps to safeguard health Read More
Russia’s public and private ‘cloud’ computing service market mushroomed a healthy 417.3% last year to reach $59.38 million and is poised to continue to burgeon in increments of over 50% a year, IDC Russia/CIS reports in its most recent Cloud Services Market 2012–2016 Forecast and 2011 Competitive Analysis research. In 2011, the IaaS (Infrastructure as …
Report: Russian cloud market to top $460 million by 2016 Read More
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
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
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
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
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 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,” …
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
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
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
