Major software engineering conference invites speaker submissions

In the fall of each year, CEE-SECR, the software engineering industry’s key event in Russia and Central Europe, brings together researchers from computer science, IT, and software engineering academia as well as practitioners from private industry and government. This year’s event will be held November 1st and 2nd at Digital October, a top tech center …

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IT technopark opens in Chelyabinsk

In a bid to participate in the development of a modern innovation infrastructure across the country, the authorities in Russia’s Chelyabinsk region have just announced the opening of a technopark dedicated to information technologies. The technopark, named Novator, is located in Chelyabinsk, a city of 1.1 million inhabitants just to the east of the Ural …

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Russia’s Bright Capital takes part in yuilop’s €4.5 million Series A round

yuilop, a Barcelone, Spain headquartered startup, announced yesterday that it has closed a €4.5 million Series A round led by Hamburg-based Shortcut, and co-investors, Russia’s Bright Capital and private telecom investor Bruno Ducharme, as well as continued participation of existing investor Nauta Capital. The funds will be used to drive yuilop’s aggressive international expansion and continuous …

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Online furniture retailer HomeMe.ru secures $5 million from leading Russian and Western funds

HomeMe.ru, a website offering furniture and some home accessories, announced last week it has raised $5 million in a Series A round of financing from Russian venture funds AddVenture and ABRT, as well as from Mangrove Capital Partners, a fund headquartered in Luxembourg. Launched in early 2012, HomeMe.ru currently has an assortment of 2,000 stock …

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Finam Global to offer growth capital in TMT companies worldwide

Finam, one of Russia’s most well established financial groups, has launched Finam Global, an international fund that groups its existing investment units operating in the technolgy, media and telecommunication (TMT) sector. Among the assets included in the new fund’s portfolio are such major Russian Internet companies as dating site Mamba.ru, context advertising service Begun, and …

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David Waroquier of Mangrove Capital Partners: “In the coming two years, we expect to see a few major exits in the e-commerce sphere.”

A pioneer among foreign investors on the Russian venture scene, David Waroquier of Mangrove Capital Partners is a recognized expert of the local Internet ecosystem and a reference partner for several Russia-based ventures. He shared with East-West Digital News his vision of the fast-growing Russian online retail market, its challenges, and the possible exit scenarios for investors in this industry. …

David Waroquier of Mangrove Capital Partners: “In the coming two years, we expect to see a few major exits in the e-commerce sphere.” Read More

Web portal connects innovators with large corporations

Innobis.ru, a website launched eariler this month, could help Russian startups and innovators find clients among large companies in need of innovative solutions – something most of them have found to be a difficult challenge until now. Corporations post their requests, problems, or proposed tasks on the website, and innovators can reply, offering their technologies. …

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Siberian local review service Flamp.ru now serves Moscow

Flamp.ru, a consumer review website that appeared one year ago in the Siberian cities Novosibirsk and Krasnoyarsk, followed by a launch in Ekaterinburg in the Urals, announced last week it now covers the Russian capital. Not only do Flamp.ru users review local businesses like cafés, museums and theaters, they can also post comments about banks, …

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Russian Orthodox Patriarch joins Facebook

Patriarch Kirill of Moscow and All Russia, the head of the Russian Orthodox Church, can now be contacted through his official Facebook page. The page has generated over 3,000 ‘Likes’ three days since it opened on Tuesday, May 15. Visitors can read the Patriarch’s speeches, learn Church-related news, see photos of Kirill and click on …

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ABBYY and IBM support computational linguistics in Russian universities

The Russian State University for the Humanities (RSUH) and the Moscow Institute of Physics and Technology (MIPT) have each announced the opening of a program in computational linguistics. The two programs were developed in close cooperation with ABBYY and IBM, according to ABBYY, a leading Russia-based international supplier of linguistic and translation software and services …

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Global software, games and consumer electronics companies target Russia

Digital River, a US-based software company, has just released a survey of 250 companies across Asia, Europe, North America and emerging countries – including Brazil and India – which operate in the software, gaming software and consumer electronics sectors and generate annual global revenues of $250 million or more. Russia came out on top of …

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Satellite phone operators Iridium and Thuraya come back to Russia

Iridium Communications, the global satellite communications company, expects to commence operations soon in Russia, after technical tests are completed and acceptance certificate received from the Russian authorities. “Our interconnect in Russia is built and 95 percent complete, and we’ll soon be pleased to announce our new start in Russia,” Corporate Communications Director Liz DeCastro told East-West …

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